Duckweed Protein Market Size - By Species (Lemna minor, Wolffia Globosa, Spirodela Polyrhiza), By Form (Powder, Oil, Paste), By End-Use (Food Processing, Animal & Fish feed, Others) & Forecast, 2024 – 2032

 Duckweed Protein Market Size

Duckweed Protein Market size was valued at USD 66.3 million in 2023 and is projected to grow at over 8.4% CAGR from 2024 to 2032, propelled by increasing consumer awareness of health and environmental issues coupled with the rising stream of product innovations. Consumers are seeking sustainable and nutritious alternatives to traditional protein sources, prompting the development of innovative products like duckweed protein.
 

With the growing awareness, more innovative products are entering the market, further driving the product demand. For instance, in November 2023, Wanna Greens by GreenOnyx became the first duckweed plant launched into space aboard SpaceX CRS-29, marking a historic moment for natural, fresh Wolffia vegetables.
 

Advancements in food technology and sustainability initiatives are accelerating the duckweed protein market growth. Innovations in food processing and formulation are enabling the creation of diverse products incorporating duckweed protein for meeting the consumer demand for sustainable and nutritious alternatives.
 

Additionally, sustainability initiatives across industries are promoting the adoption of eco-friendly protein sources like duckweed, encouraging companies to invest in the research, development, and production of duckweed-based products. For instance, in February 2024, microTERRA introduced Flora, a sustainable protein ingredient extracted from Lemna, commonly known as duckweed, to reduce sugar in food and beverage products, marking a significant advancement in sustainability.
 

Though the market is thriving, it encounters hurdles, such as regulatory complexities and environmental concerns. However, addressing the regulatory challenges surrounding the approval and labeling of duckweed protein products is fostering transparency and consumer trust, paving the way for market expansion. Moreover, implementing sustainable cultivation practices helps mitigate environmental concerns while demonstrating the strong commitment to eco-friendly production methods.
 

Duckweed Protein Market Trends

The rising demand for plant-based protein, coupled with innovations in cultivation methods will play a key role to propel the industry forward. The increasing consumer preference for sustainable and healthier dietary choices is fueling the demand for duckweed protein as an alternative to traditional animal-derived proteins.
 

Advancements in cultivation techniques are enhancing the efficiency and scalability of duckweed production, ensuring a reliable supply of this eco-friendly protein source to meet the growing market demand. For instance, in June 2023, Plantible Foods launched Rubi Whisk, a duckweed-based egg replacer that outperforms poultry eggs. This plant-based product is ideal for baking, gluten-free items, pasta, and various other applications.
 

Duckweed Protein Market Analysis

The lemna minor (common duckweed) segment recorded USD 22.3 million in 2023 and will reach USD 48.2 million by 2032, owing to its widespread availability and high protein content. As a rapidly growing aquatic plant, Lemna minor offers a sustainable and cost-effective source of protein suitable for various applications, from food and feed to pharmaceuticals and cosmetics. Adaptability to diverse environments and efficient nutrient absorption is further making common duckweed an attractive option to cater to the growing demand for plant-based protein alternatives worldwide.
 

The duckweed protein market from powder segment garnered USD 43.9 million in 2023 and will register USD 91.4 million by 2032 due to versatility and ease of use across various industries. Powdered duckweed protein offers convenience in storage, transportation, and incorporation into a wide range of products, including food and beverages, dietary supplements, animal feed, and cosmetics. Besides, powdered forms often boast longer shelf life and enhanced stability compared to other formats, making them preferred by manufacturers seeking reliable protein sources for their formulations.
 

Asia Pacific duckweed protein market size achieved a revenue of USD 24 million in 2023 and will surpass USD 49.8 million by 2032, driven by the burgeoning population, increasing demand for sustainable protein sources, and the extensive cultivation of duckweed in countries like China, India, and Southeast Asian countries. Moreover, favorable government initiatives and the rising investments in R&D across the region are promoting eco-friendly agriculture. With its substantial contribution to the global duckweed protein industry, Asia Pacific will stand as a key contributor to the industry development.
 

Duckweed Protein Market Share

These companies are expanding their industry foothold through strategic initiatives, such as mergers and acquisitions, partnerships, and product launches. By leveraging their expertise and resources, they aim to enhance their product portfolios, improve production efficiency, and capture a larger market share. Also, investments in R&D are enabling them to innovate and develop novel applications for duckweed protein for catering to the evolving consumer preferences and market trends.
 

Duckweed Protein Market Companies

Some of the key companies in the duckweed protein industry include:

• Aquatic Technologies
• Green Orchid Nursery
• GreenCrop, LLC
• Landoltia
• Parabel
• Plantible
• SETA Organic
• WASE Aquaculture
   

Duckweed Protein Industy News

• In October 2023, Plantible Foods and ICL Food Specialties introduced ROVITARIS, a clean-label binding solution for plant-based meat and seafood, featuring RuBisCO protein extracted from Lemna (duckweed). It was touted as a revolutionary alternative to methylcellulose, advancing sustainability in food production.
   
• In December 2022, Crop One Holdings and Cold Spring Harbor Laboratory secured a $1.5 million FFAR grant to advance research on plant-based proteins. Focused on Lemna aquatic plants, the project aims to develop efficient methods for high-quality protein production in controlled environments.
   

This duckweed protein market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Million from 2018 to 2032 for the following segments:

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Market, By Species

•  Lemna minor (Common Duckweed)
• Spirodela polyrhiza (Great Duckweed)
• Wolffia globosa
• Landoltia punctata

Market, By Form

• Powder
• Oil
• Paste

Market, By End-use

• Food Processing
• Animal & Fish Feed
• Other

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia