Duckweed Protein Market Share Analysis, Growth Forecast, 2023–2032

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Duckweed Protein Market Size to Cross USD 1.7 Bn
by 2032
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Overview of Duckweed Protein Market

• The duckweed protein market is anticipated to
  cross USD 150 million by 2032, according to a new
  research report by Global Market Insights Inc.
• Rising demand for duckweed protein across the
  animal feed sector is expected to complement
  industry growth. Carbon footprint is becoming a
  major concern for the livestock farming sector,
  necessitating sustainable alternatives capable of
  reducing the environmental impact and costs.
  Duckweed is a highly nutritional alternative
  packed with fatty acids, amino acids, vitamins,
  and minerals. Research suggests that duckweed
  could potentially replace 50 of a cows diet,
  allowing animal farmers to cut down on hefty
  expenditures associated with high-performance
  animal feed.The rising meat consumption across
  several economies is imposing significant
  pressure on the poultry and meat production
  sectors, fostering demand for superior feed
  formulations. As per the OECD-FAO Agricultural
  Outlook, population growth will play a key role
  in accelerating meat demand with an grow at 15
  rise in global meat consumption by 2031.

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• Duckweed protein market size from the Spirodela
  polyrhiza (great/giant duckweed) segment is
  projected to record more than 11 CAGR from 2023
  to 2032. Great duckweed or Spirodela polyrhiza is
  a prominent source of biomass in bioenergy
  production due to its high biomass yield. Giant
  duckweed is primarily grown in stagnant
  freshwater and caters to a wide variety of
  applications across animal and fish feeds.
• The ingredient is gaining massive traction as an
  alternative natural feed source for aquaculture,
  human food, and animal husbandry owing to its
  rich nutritional profile. Spirodela polyrhiza is
  an excellent source of Nitrogen Free Extract,
  amino acids, and protein. Several studies
  exploring the scope of giant duckweed as an
  alternative feed for carnivorous fish species
  will also complement industry development.
• The duckweed protein market share from the oil
  form segment is poised to reach USD 45 million by
  2032. Duckweed oil is emerging as a popular
  product across the animal feed and food sectors
  on account of its high unsaturated fatty acids
  content offering consumers omega-3 and omega-6
  fatty acids. Furthermore, studies are focusing on
  the potential of duckweed as a potent source of
  biofuel.

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• North America duckweed protein market will expand
  at a 12 CAGR between 2023 and 2032. The U.S. and
  Canada are home to an expanding vegan population
  driven by the growing awareness regarding the
  impact of meat on health as well as the
  environment. The rising number of vegan food
  manufacturers in the U.S. will also spur the
  market demand. Additionally, growing consumer
  interest in a variety of plant-based proteins is
  set to proliferate duckweed cultivation in the
  region, thus offering lucrative business
  prospects for regional industry players.
• Notable participants in the Duckweed Protein
  market include SETA Organic, Aquatic
  Technologies, Plantible, Parabel, Green Orchid
  Nursery, GreenCrop, LLC, Landoltia, and WASE.
  These companies are focusing on new product
  launches to achieve a competitive lead. For
  instance, in August 2019, Parabel USA Inc.
  unveiled neutral-colored protein ingredients as
  an allergen-free alternative for existing plant
  proteins such as soy or pea.

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Browse Full Research Report On Duckweed Protein
Market _at_ https//bit.ly/3I7aedP Request for a
sample of this research report _at_
https//bit.ly/3MnIgND
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