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Selenium Yeast Market Size By Application (Functional Food, Animal Feed {Cattle, Poultry, Swine, Equine, Pet}) Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI4457
  • Published Date: Nov 2021
  • Report Format: PDF

Industry Overview

Selenium Yeast Market size exceeded USD 225 million in 2020 and is estimated to grow at a CAGR of over 3.5% from 2021 to 2027. Rise in the demand for functional food ingredients & dietary supplements owing to the changing consumer dietary routines and prevailing health concerns will drive the functional food demand, which should support the global market growth.
 

Selenium Yeast Market

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Increasing health awareness is shifting consumer preferences toward natural ingredients, contributing to the rising demand for clean-labeled products, mainly in Europe and the U.S. Additionally, rising technological advancements and increasing R&D investments of food manufacturers have led products to have clean labels. Initiatives by various organizations such as EURASYP that aim at notifying consumers & retailers about composition, production, uses, labeling, and fundamental benefits of yeast products, are likely to promote yeast & its derivatives, driving selenium yeast market expansion.
 

The spread of the coronavirus worldwide has impacted each & every industry at some level. The imposition of worldwide lockdowns by governments during the pandemic forced all manufacturers & raw material suppliers to shut down their production & supply operations, negatively impacting the selenium yeast market demand. Moreover, this factor also impacted the prices and supply of raw materials for selenium yeast-based products.
 

During the COVID-19 spread, there has been a high demand for functional food, supporting the market statistics. Selenium yeast-based functional food products improve the immune system and fight against different viruses present in the environment.
 

Selenium yeast has a number of health benefits to offer but there are also a few side effects including diarrhea, constipation, or upset stomach. In addition, it also may cause allergic reactions including rash, itching/swelling, dizziness, and breathing problems. These side effects of selenium yeast-based supplements are hence projected to hinder the market growth. Although this hindrance may be over come through proper doctor prescription.
 

If the doctor or any health expect has prescribed this medication, it indicates that they judged or adjusted its benefits over the risks of side effects. Also, some measure and precautions will help in avoiding serious problems. For instance, informing the doctor or pharmacist about one’s medical history before taking selenium-yeast-based medication or supplements should help in avoiding such side effects.
 

Growing demand for high-protein diets will support the growth of selenium yeast from animal feed application

Global Selenium Yeast Market Size By Animal Feed Application

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The animal feed application segment in the global selenium yeast market is anticipated to hold the largest share and reach over USD 175 million by 2027. The ban of antibiotic growth promoters in manufacturing animal foods in the European Union has led to increasing R&D activities for Yeast Products (YP) on the gastrointestinal ecosystem, rumen microbial populations, and overall animal performance, driving the demand for selenium yeast for animal feed applications.
 

Furthermore, the major producers of pig meat include Germany and Spain, whereas Poland and the UK are the major producers of poultry meat, increasing the demand for selenium yeast in the animal feed application.
 

Moreover, the rising demand for poultry products owing to shifting consumer preferences toward protein-rich food consumption will accelerate the poultry industry, driving selenium yeast industry size for animal feed application. Selenium yeast is an ideal source of nutrition for several animal species including poultry as it significantly reduces the occurrence of muscular deficiencies and improves muscle development.
 

Growing livestock diseases will increase the demand for nutritional additives in animal feed, stimulating the selenium yeast market growth in Asia Pacific

Asia Pacific Selenium Yeast Market Size

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Asia Pacific selenium yeast market is expected to exceed USD 110 million by 2027, growing at a CAGR over 4% between 2021 and 2027. Growing livestock diseases, including swine flu and avian influenza, have led to the development of new safety policies and feed standardization policies, permitting the use of high-quality additives in animal feed and thereby driving industry growth. Additionally, the rising threats of spread of bird and swine flu among the consumers will also foster the demand for good quality animal nutrition products, driving selenium yeast demand in the Asia Pacific region over the coming years.
 

Selenium yeast is also an important nutrient for ruminant livestock, improving the selenium content in ruminant milk & meat. Selenium yeast also improves the immune system & reproductive performance of ruminant animals. The growing demand for milk & milk-based products such as cheese will increase the importance of dairy cattle health, fostering the product demand.
 

Merger, acquisition, and joint venture activities are the key business strategies incorporated by major selenium yeast industry players

Global selenium yeast market is fragmented owing to the presence of a large number of players in the global business. The key players in the market include Alltech, ABF, Lesaffre, Lallemand, Novus, ADM, Selko, Pharma Nord, Aleris, Garuda, Miro Chembiotech, and Angel Yeast. These players are focusing on mergers & acquisitions to enhance their presence in the global market. Key players are also focusing on strengthening their presence in the international market to improve their market share.
 

In June 2020, Lesaffre, a global key player in the field of yeasts and fermentation, acquired a bulk stake in Biohymn Biotechnology. Biohymn Biotechnology is a China-based company that concentrates on the production of yeast & yeast extracts. This acquisition will help Lesaffre to strengthen its presence in the China market.
 

The global selenium yeast market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2016 to 2027 for the following segments

By Application

  • Functional Food
  • Animal feed
    • Cattle
    • Poultry
    • Swine
    • Equine
    • Pet
  • Others

The above information has been provided for the following regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global industry is anticipated to register 3.5% CAGR between 2021-2027, having recorded a revenue of USD 225 million, driven by rising demand for dietary supplements and functional food ingredients.

The market may depict progress across the Asia Pacific given the rising number of livestock diseases. Estimates claim APAC selenium yeast industry size to exceed USD 110 million by 2027, with an anticipated CAGR of 4% through 2027.

Banning antibiotic growth promoters has resulted in an increase in the number of R&D activities for YP (Yeast Products) on animal performance, pushing selenium yeast market share for animal feed applications, slated to cross USD 175 million by 2027.

Pharma Nord, Garuda, Angel Yeast, Lesaffre, Alltech, Miro Chembiotech, Lallemand, ADM, and ABF are some of popular manufacturers of selenium yeast products.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 15
  • Tables & Figures: 182
  • Countries covered: 20
  • Pages: 160

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