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Global Duckweed Market: Overview

Waterfowls efficiently eat waterfowls. Duckweeds are plants that come with the properties of a weed. These waterfowls can thrive and out-compete other plants irrespective of the prevalence of various environmental challenges, such as nutrient deficiency, cold, drought and others. Duckweeds are grown, thrive on nutrient-rich water, and come with very high concentration of various trace minerals, especially xanthophylls and carotene, which makes a duckweed meal an extremely nutritious and valuable substitute of poultry and other meat products. It is a very rich source of vitamin A and vitamin B for human beings. Multiple health benefits of the plant is estimated to encourage growth of the global duckweed market over the timeframe of analysis, from 2020 to 2030.

Similar to various other plant species, hot climate is considered conducive for the growth of duckweed. These plants are very dense in nature. Going by its, duckweeds are eaten by ducks. The product is a plant based platform and are not suitable for the growth of prions or viruses, and bacteria, thereby making the duckweeds safe from contamination. Duckweeds are edible not only for human being but also for pigs and chickens

Form, end use, application, product type, and region are the five important parameters based on which the global duckweed market has been classified.

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Global Duckweed Market: Notable Developments

One of the relevant and important developments of the market that gives a quick view of the dynamics pertaining to global duckweed market is mentioned as below:

  • In August 2019, Parabel USA Inc. introduced pure protein hydrolysate that are made of duckweeds and are made in such a way that it becomes an allergen-free substitute for various plant proteins like pea and soy. This new product in Parabel’s Lentein product line is highly functional, comes with a complete profile of amino acid, and 65% to 70% of hydrolyzed protein. This new product is expected to find wide use in meat analogues.

Some of the prominent organizations in the global duckweed market comprise the below-mentioned:

  • Australian Aquatic Solutions
  • Green Orchid Nursery & Garden Center
  • Parabel Nutrition Inc.
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Global Duckweed Market: Key Trends

The global duckweed market is characterized by the presence of the following restraints, drivers, and opportunities.

Market Growth to Ride on the Back of Multiple Health Benefits of the Product

High demand from the aquaculture and animal feed industry is likely to propel growth of the global duckweed market over the period of analysis, from 2020 to 2030. Duckweed is rapidly coming up as a highly nutritious food option for human beings as well. With a high protein percentage of 25% to 45%, this high protein food option is regarded as a much better option than soybean meal. Given appropriate conditions, duckweeds grow more than double within 36 hours, which makes it suitable for rapid reproduction thereby meeting the potential demand. All these factors are estimated to work in favor of the global duckweed market in the years to come.

In addition to being a highly nutritious food option, duckweeds also play the role of an economic source of renewable energy. Regarded as a biofuel, the use of duckweeds as an energy source is expected to observe rise in demand from various industries. It also finds use a substitute of industrial corns, which is utilized as a food for ruminants. Multiple uses of duckweeds is likely to open up plethora of opportunities for the development of the global duckweed market over the tenure of analysis, from 2020 to 2030.  

Global Duckweed Market: Geographical Analysis

Duckweed is found in abundance in various parts of Europe, North America, Asia, and Africa. As such, this plant is used plentifully in these parts of the world. Asia Pacific is one of the leading consumers and producers of duckweeds and is mainly utilized for human consumption and animal feeding in the region. In Europe and America, the market is anticipated to observe growth due to its increased use in the process of wastewater treatment.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Duckweed Market