According to Stratistics MRC, the Global Duckweed Protein Market is accounted for $77.70 million in 2023 and is expected to reach $161.32 million by 2030 growing at a CAGR of 11.0% during the forecast period.
Duckweed, a group of small aquatic plants, is gaining attention for its potential as a sustainable protein source. Duckweed protein is derived from these tiny floating plants and is recognized for its high nutritional value. It contains essential amino acids, making it a complete protein source, and is rich in vitamins and minerals. Duckweed protein is low in fat and cholesterol, making it a healthy option for various diets. Its rapid growth and ability to thrive in diverse environmental conditions make duckweed protein a promising solution for addressing global food security challenges and reducing reliance on traditional protein sources.
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The Asia-Pacific region has experienced significant growth due to a rising demand for sustainable and plant-based protein sources, driven by increasing health consciousness and environmental concerns. Duckweed, being a rapidly renewable plant with high protein content, has gained attention as a viable alternative. Moreover, technological advancements in cultivation and processing techniques have made duckweed protein more accessible and cost-effective, fueling its adoption across various industries, including food and feed. The Asia Pacific’s vast agricultural landscapes and favorable climatic conditions also contribute to the region’s dominance in this market, fostering robust production and supply chains.
Some of the key players in Duckweed Protein market include Aquatic Technologies, Barentz, Green Orchid Nursery, GreenCrop, LLC, Hinoman, Landoltia, Parabel, Plantible, Pontus Water Lentils, SETA Organic and WASE Aquaculture.
Key Developments:
In December 2023, Barentz International announces the acquisition of Radian Chemical Products in India, a high-end niche specialty solutions provider predominantly in color cosmetics and personal care industries. The strategic move strengthens Barentz India’s position as a key player in these markets and reinforces its commitment to providing innovative solutions, technical expertise, and an even more innovative range of ingredients to principals and customers in India.
In June 2023, Plantible Foods—a startup extracting a highly functional protein from fast-growing aquatic plant lemna—has opened a 140-acre lemna farm in Texas and launched its first product: Rubi Whisk, a plant-based egg replacer it claims can outperform eggs in many applications.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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