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Selenium Yeast Market Size By Application (Functional Food, Animal Feed {Cattle, Poultry, Swine, Equine, Pet}), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2032

  • Report ID: GMI4457
  • Published Date: Feb 2023
  • Report Format: PDF

Selenium Yeast Market Size

Selenium Yeast Market size valued at USD 235 million in 2022 and is anticipated to exhibit a CAGR of 2.5% between 2023 and 2032, given the rising incidence of chronic diseases worldwide.

Selenium Yeast Market

Selenium has gained popularity as a key ingredient in foods and beverages since it can boost the activity of white blood cells that fight diseases and infections. The intake of selenium yeast is also associated with cancer prevention, cholesterol reduction, and treatment of conditions such as Hashimoto’s thyroiditis. Based on data from the National Association of Chronic Disease Directors, over two-thirds of deaths in the U.S. are caused by chronic conditions. The growing burden of chronic diseases will thus encourage the adoption of nutrient-rich ingredients, such as selenium yeast extract, in functional foods and beverages.

The adoption of sodium selenite and other inorganic selenium can lead to low utilization rates and environmental pollution. Yeast-derived selenium, with high organic selenium content, bioavailability, and safety has emerged as a critical raw material for feed additives. The escalating consumption of high-protein animal feed and nutrition solutions will therefore proliferate selenium yeast usage. However, the limited availability of raw materials and the toxicity associated with product intake surpassing safe levels may hinder the industry expansion.

Selenium Yeast Market Analysis

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The industry size of selenium yeast was reached USD 235 million in 2022 and is set to depict over 2.5% CAGR through 2023-2032, on account of the rising incidence of chronic diseases.

The animal feed application segment is slated to expand at 2% CAGR through 2032, considering the mounting import of livestock commodities.

The market value for selenium yeast in APAC will cross USD 120 million by 2032, led by the escalating funding programs to enhance livestock value chains.

Key players operating in the market include Angel Yeast, Cypress Systems Inc., Biorigin, Johncan Bio, Miro Chembiotech, Garuda, Aleris, Pharma Nord, Selko, ADM, Novus, Lallemand, Lesaffre, ABF, and Alltech.

Selenium Yeast Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 182
  • Countries covered: 20
  • Pages: 160
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