Demand and Trends Analysis of Duckweed Protein in Western Europe
Demand Forecast for Duckweed Protein in Western Europe, by Fresh and Dried Forms, 2023 to 2033
Western Europe's Water Lentil Processing Industries Strategically Boost Production to Meet the Soaring Demand for Duckweed Protein, Emerging as Nourishment for the Future.
Analytical Study of Duckweed Protein in Western Europe from 2023 to 2033
The sales revenue from duckweed protein in Western Europe in 2023 is estimated to be around US$ 17.1 million. The overall demand in the region is forecasted to rise at 3.7% CAGR taking the duckweed protein industry value up to US$ 24.7 million by 2033 end.
Attributes
Details
Industry Size of Western Europe in 2023
US$ 17.1 million
Expected Industry Size of Western Europe by 2033
US$ 24.7 million
Forecasted CAGR between 2023 to 2033
3.7%
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Key Trends Fueling the Surge in Revenues of the Duckweed Protein Industry in Western Europe
Between 2018 and 2022, the sales and consumption of duckweed proteins increased by 3.2% per year, generating revenue of US$ 16.5 million by the end of 2022.
Owing to the plant's high concentration and high quality of protein, vitamins, and minerals, duckweed protein has been recognized as a complete food source in Europe.
As a result of ongoing improvements in food technology, inclusion of duckweed protein in conventional food items has become acceptable.
Emerging Opportunities in the Duckweed Protein Industry in Western Europe
Given the rising trend of the vegan movement and growing concern for GHG emissions from livestock farming, European countries are now focusing more on the popularity of plant-based protein sources. Duckweed can contain up to 40% protein if cultivated in the right circumstances and has been proposed as a potential plant-based source of vitamin B12, typically present in animal-based food items.
Duckweed protein possesses useful qualities that allow it to be used in a variety of dietary applications, serving as a component in plant-based meat substitutes and dairy alternatives. In line with this development, the growing adoption of duckweed protein in the restaurant and hotel sector is anticipated to strengthen the supply of the product in the region.
Many Western European countries have undertaken initiatives to educate and encourage farmers to consider duckweed or water lentil cultivation as a promising endeavor. Therefore, an increase in the supply of duckweed feed for processing industries in the region is expected to boost duckweed protein production in the coming days.
Find your sweet spots for generating winning opportunities in this market.
Comparative View of Adjacent Duckweed Protein in Key Markets
The table provides a comparative overview of the expanding business of duckweed protein in some other parts of the world. While the popularity of duckweed protein in Western European countries is growing moderately, its acceptance in Japan and Korea has been booming in recent years.
Demand for Duckweed Protein in Western Europe:
Attributes
Demand for Duckweed Protein in Western Europe
CAGR (2023 to 2033)
3.7%
Valuation (2023)
US$ 17.1 million
Key Trend
Duckweed protein satisfies the rising demand from consumers who are embracing plant-centric diets as sustainable substitutes.
Key Challenge
Some incidents of allergic reactions and side effects associated with over consumption of duckweed protein
Popularity of Duckweed Protein in Japan:
Attributes
Popularity of Duckweed Protein in Japan
CAGR (2023 to 2033)
8.9%
Valuation (2023)
US$ 4 million
Key Trend
Land, water, and crop nutrient requirements are lower for duckweed production than for other typical plant-based protein sources.
Key Challenge
Acceptance of duckweed as a food item in the mainstream tradition of Japan remains a serious challenge.
Adoption Scenario of Duckweed Protein in Korea:
Attributes
Adoption Scenario of Duckweed Protein in Korea
CAGR (2023 to 2033)
6.8%
Valuation (2023)
US$ 2.6 million
Key Trend
Recent increased Interest in plant-based proteins among Korean public has surged the demand for meat substitutes including duckweed protein.
Key Challenge
Unavailability of sufficient duckweed production regions due to unfavorable climatic conditions.
Category-wise insights
Dried Duckweed Protein Constitutes the Dominant Segment in Western Europe
Around all duckweed protein available in Western Europe is in dried form and it captures about 99.3% of the total volume produced in 2023.
Leading Form Type for Duckweed Protein in Western Europe
Dried Duckweed Protein
Total Value Share (2023)
99.3%
Convenience in transportation and storage makes it appealing for consumers buying it in bulk, as well as for retail suppliers worldwide, including Western Europe. By nature, dried duckweed protein is also devoid of typical allergies associated with common water-based food products obtained from aquaculture.
Lemna remains the Leading Source of Duckweed Protein in the Region
According to industry analysis, the use of Lemna minor in Western Europe for the production of duckweed protein could contribute to a 39.5% share in 2023.
Leading Species Type for Duckweed Protein in Western Europe
Lemna
Total Value Share (2023)
39.5%
The higher availability of Lemna minor plants in Western European countries makes it the leading source of duckweed protein that can be commercialized at an affordable price. However, further advancements in processing technologies for plants in this genus are essential to increase their availability and appeal to a wider range of consumers.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Country-wise Insights
Key Countries in Western Europe
Value CAGR (2023 to 2033)
Netherlands
7.9%
United Kingdom
5.2%
Italy
4%
The Demand for Duckweed Protein in the United Kingdom to Remain Lucrative
The United Kingdom, with many leading duckweed protein producers, holds a prominent position in Western Europe and could advance at a 5.2% CAGR through 2033. The percentage of the population who are health-conscious and are constantly searching for plant-based proteins is higher in the United Kingdom. Thus, with high protein content and other nutrients like vitamins, minerals, and necessary amino acids, it appeals more to customers here.
Duckweed Protein Sellers in Italy are vying for Regional Demand
Italy is boosting its common duckweed production, which is expected to develop at 4% per year during the forecast years. Backing from the government and new policy initiatives for sustainable protein sources in Italy have encouraged many food sellers to enter the duckweed protein business. Additionally, ambitious agro-tech food companies have plans to increase the production of water lentils to supply it as a sustainable nutrient ingredient for the global food sector.
Greater Emphasis on Sustainability of Water Bodies in the Netherlands
The Netherlands holds a sizable share of the water lentils produced in the whole of Western Europe, which is expected to expand at a 7.9% CAGR over the next ten years. The production of duckweed in the Netherlands, as an aquatic plant, has surged in the last few years, as it grows quickly with little harm to water bodies. Moreover, given the growing emphasis on the sustainability of inland water resources in the country, duckweed protein's environmentally favorable attributes provide it with a competitive advantage in the regional industries.
Competitive Landscape
The competition among duckweed protein suppliers in Western Europe is relatively moderate as the industry is relatively new, and research and development work are ongoing. Many food & beverage companies in the region that tediously follow food trends are turning their attention to several substitute proteins, including duckweed, and are vying for their mainstream acceptance.
Recent Developments Observed in Duckweed Protein in Western Europe
In September 2021, the United Kingdom-based food production company Sustainable Planet unveiled its newly developed technology to cultivate duckweed plants in desert climates. According to the organization, this new technique uses up to 20 times less water than that needed for protein isolates like soy, enabling duckweed farming in salty water and on non-arable terrains.
In April 2023, Rubisco Foods achieved a significant milestone after the European Food Safety Authority (EFSA) certified that the protein concentrate made from water lentils or duckweed is safe for human consumption. Additionally, the food safety of the protein concentrate derived from duckweed by Rubisco Foods has now been formally validated for commercialization in European countries.
Some of the Key Players Offering Duckweed Protein in Western Europe
Algaia (Germany)
Bioglanis (Germany)
Coraqua (France)
Entocycle (France)
Evoreal (France)
Greenbelt Nutrients (Germany)
Innate Vitality (United Kingdom)
Laboratoire Aquatique (France)
LemnaPro (Germany)
Microalgae Solutions (Wales)
Novus Agro (Belgium)
Rise with Water (Germany)
Skotti Green (Scotland)
Solar Foods (Finland)
Whole Foods (United Kingdom)
Scope of the Report
Attribute
Details
Estimated Industry Size in 2023
US$ 17.1 million
Projected Industry Size by 2033
US$ 24.7 million
Anticipated CAGR between 2023 to 2033
3.7% CAGR
Historical Analysis of Demand for Duckweed Protein in Western Europe
2018 to 2022
Demand Forecast for Duckweed Protein in Western Europe
2023 to 2033
Report Coverage
Industry Size, Industry Trends, Analysis of key factors influencing Duckweed Protein Adoption in Western Europe, Insights on Global Players and their Industry Strategy in Western Europe, Ecosystem Analysis of Local and Regional Western Europe Manufacturers
Key Countries Analyzed while Studying Opportunities in Duckweed Protein in Western Europe
Germany
Italy
France
Spain
United Kingdom
BENELUX
Rest of Western Europe
Key Companies Profiled
Algaia (Germany)
Bioglanis (Germany)
Coraqua (France)
Entocycle (France)
Evoreal (France)
Greenbelt Nutrients (Germany)
Innate Vitality (United Kingdom)
Laboratoire Aquatique (France)
LemnaPro (Germany)
Microalgae Solutions (Wales)
Novus Agro (Belgium)
Rise with Water (Germany)
Skotti Green (Scotland)
Solar Foods (Finland)
Whole Foods (United Kingdom)
Key Segments Covered in Western Europe Duckweed Protein Industry Survey
By Forms:
Fresh
Dried
By Species:
Wolffiella
Spiro Dela
Lemna
By End Use:
Food processing
Animal and Fish feed
Others
By Country:
Germany
Italy
France
Spain
United Kingdom
BENELUX
Rest of Western Europe
Frequently Asked Questions
How Rapidly is Western Europe Duckweed Protein Industry likely to Grow?
The expected CAGR for the industry in Western Europe through 2033 is 3.7%.
What is the Demand Outlook for Duckweed Protein in Western Europe?
The anticipated demand in Western Europe could reach US$ 24.7 million by 2033.
Which Trends have influenced the Duckweed Protein Business in the Region?
The rising popularity plant-based protein has accelerated the regional sales.
What Strategies are used by Duckweed Protein Providers in Western Europe?
Duckweed protein suppliers are emphasizing on their organic source of water lentils.
Which Species Segment is Driving Western Europe Duckweed Protein Industry?
Lemna minor to account for 39.5% of overall industry across Western Europe in 2023.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Nature, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Nature, 2023 to 2033
5.3.1. Organic
5.3.2. Conventional
5.4. Y-o-Y Growth Trend Analysis By Nature, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Nature, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Species
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Species, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Species, 2023 to 2033
6.3.1. Wolffiella
6.3.2. Spirodela
6.3.3. LeMilliona
6.3.4. Landoltia
6.3.5. Wolffia
6.4. Y-o-Y Growth Trend Analysis By Species, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Species, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By End Use Application, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By End Use Application, 2023 to 2033
7.3.1. Food Processing
7.3.1.1. Protein/Dietary Supplements
7.3.1.2. Energy Bars
7.3.1.3. Snacks & Salads
7.3.1.4. Beverages
7.3.1.5. Others
7.3.2. Animal & Fish Feed
7.3.3. Others (applied research, biofuel, etc.)
7.4. Y-o-Y Growth Trend Analysis By End Use Application, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End Use Application, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Country, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Country, 2023 to 2033
8.3.1. UK
8.3.2. Germany
8.3.3. Italy
8.3.4. France
8.3.5. Spain
8.3.6. Rest of Western Europe
8.4. Market Attractiveness Analysis By Country
9. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Region
9.2.1.1. England
9.2.1.2. Scotland
9.2.1.3. Wales
9.2.1.4. Northern Ireland
9.2.2. By Nature
9.2.3. By Species
9.2.4. By End Use Application
9.3. Market Attractiveness Analysis
9.3.1. By Region
9.3.2. By Nature
9.3.3. By Species
9.3.4. By End Use Application
9.4. Key Takeaways
10. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Region
10.2.1.1. North-east (Germany)
10.2.1.2. North-west (Germany)
10.2.1.3. Central (Germany)
10.2.1.4. South (Germany)
10.2.1.5. Other(Germany)
10.2.2. By Nature
10.2.3. By Species
10.2.4. By End Use Application
10.3. Market Attractiveness Analysis
10.3.1. By Region
10.3.2. By Nature
10.3.3. By Species
10.3.4. By End Use Application
10.4. Key Takeaways
11. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Region
11.2.1.1. North (Italy)
11.2.1.2. Central (Italy)
11.2.1.3. South (Italy)
11.2.1.4. Islands (Italy)
11.2.2. By Nature
11.2.3. By Species
11.2.4. By End Use Application
11.3. Market Attractiveness Analysis
11.3.1. By Region
11.3.2. By Nature
11.3.3. By Species
11.3.4. By End Use Application
11.4. Key Takeaways
12. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Region
12.2.1.1. Northern (France)
12.2.1.2. Central (France)
12.2.1.3. Southern (France)
12.2.1.4. Eastern (France)
12.2.2. By Nature
12.2.3. By Species
12.2.4. By End Use Application
12.3. Market Attractiveness Analysis
12.3.1. By Region
12.3.2. By Nature
12.3.3. By Species
12.3.4. By End Use Application
12.4. Key Takeaways
13. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
13.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Region
13.2.1.1. Basque Country
13.2.1.2. Andalusia
13.2.1.3. Extremadura
13.2.1.4. Catalonia
13.2.1.5. Valencia
13.2.1.6. Rest of Spain
13.2.2. By Nature
13.2.3. By Species
13.2.4. By End Use Application
13.3. Market Attractiveness Analysis
13.3.1. By Region
13.3.2. By Nature
13.3.3. By Species
13.3.4. By End Use Application
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Nature
14.2.2. By Species
14.2.3. By End Use Application
14.3. Market Attractiveness Analysis
14.3.1. By Nature
14.3.2. By Species
14.3.3. By End Use Application
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Nature
15.3.3. By Species
15.3.4. By End Use Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Barentz B.V.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Hinoman, Ltd.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Parabel Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Rubisco Foods
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Nutraingredients
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Lempro Inc.
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Seta Organics
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Pontus Water Lentils
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Plantible Foods, Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Green Orchid Nursery
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
16.1.11. GreenCrop LLC
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.11.5.2. Product Strategy
16.1.11.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
