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.
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Attribute |
Details |
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Europe Duckweed Protein Market Size in 2021 |
US$ 1.2 Million |
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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.
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Talk to AnalystEurope 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
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Historic Outlook |
2017-2021 |
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Forecast Period |
2022-2026 |
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Market Analysis |
MT for Volume and US$ Mn for Value |
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Key Regions Covered |
Europe |
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Key Countries Covered |
Germany, UK, France, Italy, Spain, Nordic, Russia, Poland and others. |
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Key Companies Profiled |
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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.
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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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
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Talk to AnalystFigure 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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