Duckweed Protein Market Analysis

Duckweed Protein Market Analysis

Duckweed protein market value from Lemna minor (common duckweed) species segment is estimated to depict over 11.5% CAGR through 2032, due to its antipruritic, diuretic, astringent, alterative, antiscorbutic, soporific, and febrifuge properties. It has a myriad of medicinal applications such as treating edema, colds, difficulty in urination, and measles.
 

Common duckweed is also used topically to treat skin diseases and as a wash for ophthalmia. Lemna minor is gaining significant momentum in the field of aquaculture as an affordable source of plant protein for inclusion in fish diets. With the growing demand for fish feed is expected to fuel the demand for alternative protein sources such as common duckweed.
 

The powder duckweed protein market size is set to be worth USD 140 million by 2032, attributed to the increasing consumption of plant-based protein supplements. The growing community of health-conscious consumers and an increasing inclination toward holistic health has spurred the demand for vegan protein. In addition to dietary supplements and protein powders, plant-based proteins are extensively added to animal feed to enhance overall performance and output. For instance, beef producers use plant protein as an extender, whereas the demand is experiencing a notable rise across pork, aquaculture, and poultry production.
 

Asia Pacific duckweed protein market size will reach USD 103 million by 2032. APAC is home to countries with a massive demand for duckweed. China, for instance, is one of the biggest consumers and producers of duckweed globally, owing to its significance as a traditional medicine, and food.
 

Recently, APAC countries have witnessed an upsurge in the number of people preferring a vegan diet. Duckweed is widely used as an ingredient in Asian cuisine, such as the Vietnamese dish “Bánh bèo”, a type of steamed rice cake, which may amplify product consumption. Furthermore, the presence of a robust animal feed sector in countries such as China is likely to create lucrative demand for duckweed protein products in the Asia Pacific.