Duckweed Protein Market Size

Duckweed Protein Market Size

Duckweed Protein Market size crossed USD 70 million in 2022 and is projected to exhibit an 11% CAGR from 2023 to 2032.

The growing vegan population is anticipated to propel the demand for plant-based protein, proliferating the market expansion. Duckweed is among the very few plant-based sources of complete protein, vitamin B12, iron, and an array of other nutrients for vegans and vegetarians. Extensive research is underway to determine the potential of duckweed as a future superfood. It is packed with protein seven times that of soy, rich in omega-3 fatty acids, and is popularly known as eggs of water in some parts of the world. Additionally, duckweed protein has emerged as a key ingredient in animal feed due to its high nutritional profile. Moreover, since it is an aquatic plant, duckweed production does not rely on the availability of valuable farmland.

Duckweed is currently only produced on a small scale in a well-regulated sustainable environment, which may impede the duckweed protein market growth. However, duckweed production could escalate due to advantages such as higher biomass productivity as compared to a terrestrial plant, without the need for land or freshwater. Furthermore, it has higher photosynthetic efficiencies, unlike land-based biomass production, thus enabling carbon capture capabilities.