The sales revenue from duckweed protein in Western Europe in 2023 is estimated to be around USD 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 USD 24.7 million by 2033 end.
| Attributes | Details |
|---|---|
| Industry Size of Western Europe in 2023 | USD 17.1 million |
| Expected Industry Size of Western Europe by 2033 | USD 24.7 million |
| Forecasted CAGR between 2023 to 2033 | 3.7% |
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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.
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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.
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.
| Key Countries in Western Europe | Value CAGR (2023 to 2033) |
|---|---|
| Netherlands | 7.9% |
| United Kingdom | 5.2% |
| Italy | 4% |
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.
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.
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.
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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.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | USD 17.1 million |
| Projected Industry Size by 2033 | USD 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) |
The expected CAGR for the industry in Western Europe through 2033 is 3.7%.
The anticipated demand in Western Europe could reach USD 24.7 million by 2033.
The rising popularity plant-based protein has accelerated the regional sales.
Duckweed protein suppliers are emphasizing on their organic source of water lentils.
Lemna minor to account for 39.5% of overall industry across Western Europe in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033 5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Nature 5.1. Organic 5.2. Conventional 6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Species 6.1. Wolffiella 6.2. Spirodela 6.3. LeMilliona 6.4. Landoltia 6.5. Wolffia 7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use Application 7.1. Food Processing 7.1.1. Protein/Dietary Supplements 7.1.2. Energy Bars 7.1.3. Snacks & Salads 7.1.4. Beverages 7.1.5. Others 7.2. Animal & Fish Feed 7.3. Others (applied research, biofuel, etc.) 8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. UK 8.2. Germany 8.3. Italy 8.4. France 8.5. Spain 8.6. Rest of Western Europe 9. UK Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 10. Germany Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 11. Italy Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 12. France Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 13. Spain Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region 14. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033 15. Market Structure Analysis 16. Competition Analysis 16.1. Barentz B.V. 16.2. Hinoman, Ltd. 16.3. Parabel Inc. 16.4. Rubisco Foods 16.5. Nutraingredients 16.6. Lempro Inc. 16.7. Seta Organics 16.8. Pontus Water Lentils 16.9. Plantible Foods, Inc. 16.10. Green Orchid Nursery 16.11. GreenCrop LLC 17. Assumptions & Acronyms Used 18. Research Methodology
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Demand and Trends Analysis of Duckweed Protein in Western Europe
