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

Rising demand for duckweed protein across the animal feed sector is expected to complement industry growth.

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

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  1. Duckweed Protein Market Size to Cross USD 1.7 Bn by 2032 Global Market Insights Inc.

  2. 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 cow’s 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. Global Market Insights Inc.

  3. Continue… • Duckweed protein market size from the Spirodelapolyrhiza (great/giant duckweed) segment is projected to record more than 11% CAGR from 2023 to 2032. Great duckweed or Spirodelapolyrhiza 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. Spirodelapolyrhiza 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. Global Market Insights Inc.

  4. Continue… • 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. Global Market Insights Inc.

  5. Browse Full Research Report On Duckweed Protein Market@ https://bit.ly/3I7aedP Request for a sample of this research report @ https://bit.ly/3MnIgND Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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