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Europe Duckweed Protein Market

Europe Duckweed Protein Market By Form (Fresh, Dried), Species (Wolffiella, Spirodela, Lemna, Landoltia, Wolffia) & Region - Forecast 2022 - 2026

Market Insights on Europe Duckweed Protein covering sales outlook, demand forecast & up-to-date key trends

Europe Duckweed Protein Market Outlook—2022-2026

[350 Pages Report]  Sales in the Europe duckweed protein market reached US$ 1.2 Mn in 2021. Growing demand for plant-based foods, along with increasing inclination towards high protein foods are chief factors boosting the market. Driven by this, sales are projected to increase at 1.8% CAGR over the assessment period.

Attribute

Details

Europe Duckweed Protein Market Size in 2021

US$ 1.2 Million

Europe Duckweed Protein Value-based CAGR

1.8%

The global duckweed protein market size is estimated to be US$ 62.9 Mn and is forecast to grow at a 9.1% CAGR between 2022 and 2026. Over the last decade, there has been a spike in preference for high-protein foods, which is expected to drive sales of duckweed protein.

Duckweed protein sales will account for 1.1% to 1.8% of the global demand for plant-based protein, finds Future Market Insights (FMI). Product developments by key manufacturers is the market that are aligned with consumer preference for healthy foods will continue pushing sales in the market over the forecast period.

Europe Duckweed Protein Outlook 2021-2026 Growth Forecast

Sales are projected to increase at a 1.8% CAGR between 2021 and 2026 as the commercialization of duckweed protein is yet to be done in Europe. In September 2021, the European Food Safety Authority (EFSA) panel for the study of duckweed protein consumption concluded that the safety of the novel food (water lentil or duckweed protein), cannot be established.

However, Florida-based duckweed protein manufacturer Parable's is trying to gain a green flag from the EFSA by requesting a scientific opinion on the safety of duckweed protein.

Duckweed is a new protein that has just appeared in the European and North American markets. It's a flowering aquatic plant that's been ingested for generations in East Asia. It belongs to the Lemnaceae family and is also known as a water lentil. It grows in marshes and freshwater environments, has a mild flavour, and is a promising plant-based protein alternative.

The product has a lot of potential health benefits. However, there is a lack of research on the usage of duckweed to treat ailments and its efficacy. The benefits of the nutrients found in duckweed, on the other hand, are widely established. Duckweed requires more research to quantify the dose-response relationship, which will provide useful information to growers, producers, processors, health professionals, and, ultimately, consumers.

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How is Duckweed Emerging as a New Plant-based Protein Source?

Duckweed protein is gaining popularity within the plant-based protein market. It contains more amino acids and leucine, than most protein sources available today. Veganism is becoming more popular among consumers. As vegans do not consume whey protein, egg protein, or beef protein, demand for duckweed protein is projected to rise.

Vegan consumers rely on the only two other commonly accessible vegan proteins: rice protein and pea protein isolate. Both proteins are considered average when it comes to promoting lean muscle growth. Whey protein, hydrolyzed whey protein, or beef protein, such as bio serum 1, are beneficial for gaining muscle mass.

Gym-goers are worried that being "vegan" will cause them to lose muscle mass. These muscle-building concerns are no longer an issue thanks to the introduction of duckweed protein. The mineral and protein content of water lentil protein, also known as duckweed protein, is high. It is also rich in omega 3 fatty acids, vitamins and minerals. It also has a higher biological rate than pea protein isolate.

The common duckweed, Lemna Minor, could be used to help with a variety of issues at the camp. Its multiplication rate is remarkable under the appropriate conditions, doubling its mass every few days. The duckweed plant has a lot of protein and can be fed to fish and fowl. The plant can be used as a feedstock for anaerobic digestion, which produces methane with good fertilizer as a byproduct.

Duckweed production uses less land, water, nutrients, pesticides, energy, waste, and other resources and delivers higher yields in terms of calories and/or nutrition. It is the most nutritionally dense plant, with 35–45% protein, a complete and physiologically accessible amino acid profile, and a slew of other nutrients including omega 3/6 fatty acids, 15% fibre, vitamins and minerals.

Will Duckweed Emerge as a Substitute for Soy?

Based on studies, duckweed has been proven to be a decent soy substitute, but production methods have been unstable, and the quality has been uneven. Duckweed is the fruit fly of crops, which expands at an incredible rate. Large, artificially created, and sealed growth units have been designed by manufacturers. This allows them to reclaim and recycle water, as well as produce duckweed with a very low water demand per ton, making it a viable alternative to soy.

There is a shortage of arable land for soybean production. According to FMI's demand predictions through 2026, 85 million tons of soy will be produced, requiring an additional 23 million hectares of arable land. That is the total land area of the U.K.

Agriculture, particularly livestock farming, has a long history for causing harsh environmental impact. The drawbacks are well-known: if cows were a country, they would be the third-largest emitter of greenhouse gases, while rainforests in South America are routinely cleared to make way for grazing cattle and soybean fields.

The production of soy for animal feed is a matter of concern, as the world has seen how soy plantations can result in deforestation and the eviction of small farmers in producer countries. Any disruption in the supply of soy for animal feed would have a major impact in Africa, where many farmers rely on imported animal feed. As a result, it is vital to develop indigenous alternatives that do not harm the ecosystem.

Nandini Roy Choudhury
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Europe Duckweed Protein - Forecast Factors

Increased Flexibility of Consumption of Plant-based Protein

Consumer buying habits are becoming more flexible as a result of increasingly mobile lifestyles (e.g., out-of-home meals, simultaneous travel and working hours, mixing of working hours and household work). Shopping routes are either optimized (e.g., one-stop shopping in a large shopping center, reachability of shopping opportunities, or neighboring networks) or substituted to buy more in fewer trips.

This consumer flexibility is promoting full-range retailers, more flexible store hours, and new sales methods such as mobile offers with instant shopping and no spatial or temporal boundaries in both stationary and online shops. These factors are expected to spur demand for duckweed protein, thereby augmenting then growth of the market.

Sustainable Production and Value Chains to Boost Duckweed Protein Sales

The value chain is made up of all steps involved in the manufacturing, use, and disposal/recycling of a product or service. Suppliers, producers, merchants, consumers are all part of a typical value chain, which runs from raw material source to disposal. Materials are reused or recycled in the circular value chain paradigm to reduce waste.

There are no longer up and down streams in the sustainable value net, but rather a network of interactions and value exchanges. The distinction between production and consumption is becoming increasingly hazy. Procurers will be able to meet the demand for locally sourced food while reducing waste if small farmers are seamlessly integrated.

Competitive Landscape

Companies operating in the Europe duckweed market are focusing on expansion of their portfolio to gain competitive edge. Besides this, they are adopting various expansion strategies to gain competitive edge. For instance:

  • In 2019, Water lentil milk Parabel achieves a dairy alternative breakthrough.
  • In 2019, CK Ingredient Inks Deal to distribute Parable’s duckweed protein in Canada.
  • In 2019, Parabel USA, Inc., started commercial production of a water lentil-based protein ingredient.
  • In 2021, Pontus Protein announced milestones on its path to commercialized duckweed protein in Canada.
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Scope Of Report

Historic Outlook

2017-2021

Forecast Period

2022-2026

Market Analysis

MT for Volume and US$ Mn for Value

Key Regions Covered

Europe

Key Countries Covered

Germany, UK, France, Italy, Spain, Nordic, Russia, Poland and others.

Key Companies Profiled

  • Parabel USA Inc.
  • Pontus Water Lentils
  • Barentz B.V. 
  • Hinoman, Ltd
  • Plantible Foods, Inc.
  • Lempro Inc.
  • Seta Organics
  • Others

Pricing

Available upon Request

Europe Duckweed Protein Market By Category:

By Form:

  • Fresh Duckweed Protein
  • Dried Duckweed Protein

Species:

  • Wolffiella
  • Spirodela
  • Lemna
  • Landoltia
  • Wolffia

End Use:

  • Food Processing
    • Protein/Dietary Supplements
    • Energy Bars
    • Snacks & Salads
    • Beverages
    • Others
  • Animal & Fish Feed
  • Others (applied research, biofuel, etc.)

Frequently Asked Questions

The Europe duckweed protein market reached US$ 1.2 Mn in 2021.

Duckweed protein consumption is expected to grow at a CAGR of around 1.8% during the period 2022-2026.

Increasing preference for plant-based protein, a focus on healthy living, and the biofuel potential of duckweed are the key trend driving the duckweed protein market.

Global market players are trying to gain a green flag from the European Food Safety Authority (EFSA) by requesting a scientific opinion on the safety of duckweed protein for the commercialization of duckweed protein in Europe.

Table of Content

1. Market Overview

    1.1. Market Coverage 

    1.2. Market Definition / Limitations

2. The Massive Impact of the Crisis

    2.1. Europe Duckweed Protein Market Forecast Scenario Comparison of Annual Growth Rates for (2021-2026)

        2.1.1. Optimistic Scenario

        2.1.2. Likely Scenario

    2.2. Key Factors Impacting the Market

    Note: Market Assessment shall be Provided for Likely Scenario

3. Market Dynamics

    3.1. Drivers

        3.1.1. Supply Side Drivers

        3.1.2. Demand Side drivers

        3.1.3. Economic Side Drivers

    3.2. Restraints

    3.3. Opportunity

    3.4. Market trends 

        3.4.1. Plant-Based Trend On Rise 

        3.4.2. A Focus On Healthy Living

        3.4.3. An Alternative & sustainable Protein Source

        3.4.4. Others

    3.5. Macro-Economic Factors

    3.6. Forecast Factors - Relevance & Impact

        3.6.1. Increased Flexibility of Consumption

        3.6.2. Resource Utilization

        3.6.3. New nutrition pattern

    3.7. Consumers Survey Analysis

4. Key Regulations

    4.1. Commercialization Of Duckweed Protein Powder, By Countries

    4.2. Certifications and Certifying Agency Overview

    4.3. Packaging & Labelling Regulations

5. Value Chain Analysis

    5.1. Operating margins at each node of supply chain

    5.2. List of Active Market Participants

        5.2.1. Raw Material Suppliers

        5.2.2. Product Manufacturers

6. Europe Duckweed Protein Market Demand Analysis 2020 and Forecast, 2021-2026

    6.1. Historical Market Volume (Metric Tons) Analysis, 2020

    6.2. Current and Future Market Volume (Metric Tons) Projections, 2021-2026

    6.3. Y-o-Y Growth Trend Analysis

7. Europe Duckweed Protein Market - Pricing Analysis

    7.1. Regional Pricing Analysis (US$/Metric Tons) By Species

    7.2. Pricing Break-up By Species

    7.3. Average Pricing Analysis Benchmark

8. Europe Duckweed Protein Market Analysis 2020 and Forecast 2021-2026, By Form 

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Form, 2020

    8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Form, 2021-2026

        8.3.1. Fresh

        8.3.2. Dried

    8.4. Market Attractiveness Analysis By Form

9. Europe Duckweed Protein Market Analysis 2020 and Forecast 2021-2026, By Species 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Species, 2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Species, 2021-2026

        9.3.1. Wolffiella

        9.3.2. Spirodela

        9.3.3. Lemna

        9.3.4. Landoltia

        9.3.5. Wolffia

    9.4. Market Attractiveness Analysis By Species

10. Europe Duckweed Protein Market Analysis 2020 and Forecast 2021-2026, By End Use 

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2021-2026

        10.3.1. Food Processing

            10.3.1.1. Protein/Dietary Supplements

            10.3.1.2. Energy Bars

            10.3.1.3. Snacks & Salads

            10.3.1.4. Beverages

            10.3.1.5. Others

        10.3.2. Animal & Fish Feed

        10.3.3. Others (applied research, biofuel, etc.)

    10.4. Market Attractiveness Analysis By End Use

11. Europe Duckweed Protein Market Analysis 2020 and Forecast 2021-2026, By Country

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Country, 2020

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Country, 2021-2026

        11.3.1. Germany

        11.3.2. Italy

        11.3.3. France

        11.3.4. U.K.

        11.3.5. Spain

        11.3.6. BENELUX

        11.3.7. Nordic

        11.3.8. Russia

        11.3.9. Poland

        11.3.10. Rest of Europe

    11.4. Market Attractiveness Analysis By Country

12. Key Countries Duckweed Protein  Market Analysis 2020 and Forecast 2021–2026

    12.1. Germany

        12.1.1. Pricing Analysis (2020, 2021, 2026)

        12.1.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.1.2.1. By Form

            12.1.2.2. By End-Use

    12.2. Italy

        12.2.1. Pricing Analysis (2020, 2021, 2026)

        12.2.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.2.2.1. By Form

            12.2.2.2. By End-Use

    12.3. France

        12.3.1. Pricing Analysis (2020, 2021, 2026)

        12.3.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.3.2.1. By Form

            12.3.2.2. By End-Use

    12.4. U.K.

        12.4.1. Pricing Analysis (2020, 2021, 2026)

        12.4.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.4.2.1. By Form

            12.4.2.2. By End-Use

    12.5. Spain

        12.5.1. Pricing Analysis (2020, 2021, 2026)

        12.5.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.5.2.1. By Form

            12.5.2.2. By End-Use

    12.6. Benelux

        12.6.1. Pricing Analysis (2020, 2021, 2026)

        12.6.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.6.2.1. By Form

            12.6.2.2. By End-Use

    12.7. Russia

        12.7.1. Pricing Analysis (2020, 2021, 2026)

        12.7.2. Market Value and Volume Analysis 2016–2020 and Forecast 2021–202631

            12.7.2.1. By Form

            12.7.2.2. By End-Use

13. Market Structure Analysis

    13.1. Market Analysis by Tier of Companies 

    13.2. Company Share Analysis of Top Players

    13.3. Market Presence Analysis

14. Competition Deep Dive (Tentative List)

    14.1. Competition Deep Dive

        14.1.1. Parabel USA Inc.

            14.1.1.1. Overview

            14.1.1.2. Product Portfolio

            14.1.1.3. Profitability by Market Segments 

            14.1.1.4. Sales Footprint

            14.1.1.5. Strategy Overview

                14.1.1.5.1. Product Strategy

        14.1.2. Pontus Water Lentils

            14.1.2.1. Overview

            14.1.2.2. Product Portfolio

            14.1.2.3. Profitability by Market Segments 

            14.1.2.4. Sales Footprint

            14.1.2.5. Strategy Overview

                14.1.2.5.1. Product Strategy 

        14.1.3. Barentz B.V.

            14.1.3.1. Overview

            14.1.3.2. Product Portfolio

            14.1.3.3. Profitability by Market Segments 

            14.1.3.4. Sales Footprint

            14.1.3.5. Strategy Overview

                14.1.3.5.1. Product Strategy

        14.1.4. Hinoman, Ltd 

            14.1.4.1. Overview

            14.1.4.2. Product Portfolio

            14.1.4.3. Profitability by Market Segments 

            14.1.4.4. Sales Footprint

            14.1.4.5. Strategy Overview

                14.1.4.5.1. Product Strategy

        14.1.5. Plantible Foods Inc.

            14.1.5.1. Overview

            14.1.5.2. Product Portfolio

            14.1.5.3. Profitability by Market Segments 

            14.1.5.4. Sales Footprint

            14.1.5.5. Strategy Overview

                14.1.5.5.1. Product Strategy  

        14.1.6. Lempro Inc.,

            14.1.6.1. Overview

            14.1.6.2. Product Portfolio

            14.1.6.3. Profitability by Market Segments 

            14.1.6.4. Sales Footprint

            14.1.6.5. Strategy Overview

                14.1.6.5.1. Product Strategy 

        14.1.7. Seta Organics

            14.1.7.1. Overview

            14.1.7.2. Product Portfolio

            14.1.7.3. Profitability by Market Segments 

            14.1.7.4. Sales Footprint

            14.1.7.5. Strategy Overview

                14.1.7.5.1. Product Strategy 

        14.1.8. Others on Additional Request

            14.1.8.1. Overview

            14.1.8.2. Product Portfolio

            14.1.8.3. Profitability by Market Segments 

            14.1.8.4. Sales Footprint

            14.1.8.5. Strategy Overview

                14.1.8.5.1. Product Strategy

 Note: Above list is subjected to change during the course of study 

15. Recommendations & Analysis

16. Assumptions and Acronyms Used

17. Research Methodology

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List of Tables

Table 01: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Country, 2021-2026

Table 02: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Country, 2021-2026

Table 03: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Country, 2021-2026

Table 04: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Country, 2021-2026

Table 05: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Form, 2021-2026

Table 06: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Form, 2021-2026

Table 07: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Form, 2021-2026

Table 08: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Form, 2021-2026

Table 09: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Species, 2021-2026

Table 10: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by Species, 2021-2026

Table 11: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Species, 2021-2026

Table 12: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by Species, 2021-2026

Table 13: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by End Use  , 2021-2026

Table 14: Europe Duckweed Protein Market Value (US$ Mn) and Forecast by End Use  , 2021-2026

Table 15: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by End Usee  , 2021-2026

Table 16: Europe Duckweed Protein Market Volume (Metric Tons) and Forecast by End Use  , 2021-2026

Nandini Roy Choudhury
Principal Consultant
LinkedIn
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List of Charts

Figure 1: Europe Duckweed Protein Market Size and Incremental $ Opportunity (US$ Mn), 2020-2026

Figure 2: Europe Duckweed Protein Market Value and Volume Analysis, 2021

Figure 3: Europe Duckweed Protein Market Value Share (%) and BPS Analysis by Country, 2020 & 2021 & 2026 

Figure 4: Europe Duckweed Protein Market Y-o-Y Analysis by Country, 2021 to 2026

Figure 5: Europe Duckweed Protein Market Attractiveness, by Country, 2021 to 2026

Figure 6: Europe Duckweed Protein Market Value Share (%) and BPS Analysis By Form, 2020 & 2021 & 2026

Figure 7: Europe Duckweed Protein Market Y-o-Y Analysis By Form, 2021 to 2026

Figure 8: Europe Duckweed Protein Market Attractiveness, By Form, 2021 to 2026

Figure 9: Europe Duckweed Protein Market Value Share (%) and BPS Analysis By Species, 2020 & 2021 & 2026

Figure 10: Europe Duckweed Protein Market Y-o-Y Analysis By Species, 2021 to 2026

Figure 11: Europe Duckweed Protein Market Attractiveness, By Species, 2021 to 2026

Figure 12: Europe Duckweed Protein Market Value Share (%) and BPS Analysis By End Use, 2020 & 2021 & 2026

Figure 13: Europe Duckweed Protein Market Y-o-Y Analysis BByy End Use  , 2021 to 2026

Figure 14: Europe Duckweed Protein Market Attractiveness, By End Use  , 2021 to 2026

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Europe Duckweed Protein Market