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Selenium Yeast Market size to cross $315 Mn by 2032

  • Published Date: February 17, 2023

Selenium Yeast Market size is projected to reach USD 315 million by 2032, according to a new research report by Global Market Insights Inc.

The report reveals that the increasing consumption of dairy products will be a prominent driver for selenium yeast demand. As per statistics from the International Dairy Deli Bakery Association, in June 2022, dairy category sales reached close to USD 5.1 billion, a 16.3% rise Y-o-Y. Yeast-derived selenium is also showing promising results in promoting gut health, improving rumen function, and boosting immunity during heat stress, thus alleviating the negative health implications among dairy cows. The growing intake of meat and dairy products will therefore strengthen the industry outlook.

Rising dietary supplement demand from health-conscious consumers may promote use of selenium yeast

The selenium yeast market from functional food application segment is poised to exhibit a 3% CAGR through 2032. Selenium is used as an essential trace mineral source in dietary supplements since it produces proteins that can enhance cell function. Selenium supplements can also boost immune function, improve nail and hair growth, and support a healthy thyroid. With the escalating consumption of dietary supplements due to high health concerns and changing consumer dietary routines, the adoption of selenium yeast protein in functional foods will rise globally.

For example, Amazon witnessed growth in its dietary supplement business during the COVID-19 pandemic. This growing pace of supplement sales is expected to elevate the demand for baseline supplements globally. These factors, along with the product’s capability to aid in damaged cell repair, thyroid function, and thyroid hormone metabolism.

Browse key industry insights spread across 160 pages with 160 market data tables and 22 figures & charts from the report, “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” in detail along with the table of contents:

Growing dairy cattle population will stimulate selenium yeast development in Europe

Europe selenium yeast market is estimated to surpass USD 65 million by 2032, on account of the steady increase in livestock farming and cattle population. As per statistics from Agri Farming, Germany has the largest herd of dairy cattle in the European Union, with approximately 4.2 million dairy cows and over 0.7 million lactating cows. Furthermore, with the mounting intake of milk and milk-based products including cheese, selenium yeast is likely to gain traction as a solution to improve animal nutrition.

Strategic investments in production facilities to define the industry landscape

Major players involved in the selenium yeast market include Angel Yeast, Cypress Systems Inc., Biorigin, Johncan Bio, Miro Chembiotech, Garuda, Aleris, Pharma Nord, Selko, ADM, Novus, Lallemand, Lesaffre, and Alltech. These companies are focusing on strategic investments to drive their business offerings and footprints across the market.

For instance, in February 2022, Phileo Lesaffre invested in a manufacturing facility in Valladolid, Spain, to produce a yeast product rich in organic selenium under the brand name Selsaf. This initiative enabled the company to expand its consumer base and establish a strong presence across the industry.

Authors: Kiran Pulidindi, Kunal Ahuja

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