Selenium Yeast Market size to exceed $285mn by 2027

Selenium Yeast Market size is set to surpass USD 285 million by 2027, according to a new research report by Global Market Insights Inc.
 

The selenium yeast industry should witness lucrative growth over the forecast period owing to the growing consumption of bakery products. Additionally, the growing number of nuclear families, mainly in China and India, is increasing the consumption of bakery products, propelling the market statistics over the coming timeframe.
 

 

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Numerous health benefits of selenium yeast, especially in immune response optimization, will fuel its demand in functional food applications

Selenium yeast market from functional food application is expected to surpass USD 50 million by 2027 with a CAGR of over 4%. Rapidly spreading COVID-19 and changing lifestyles of consumers over the past few years are anticipated to support the functional food industry growth around the world should augment market outlook during the forecast timeframe. Selenium is highly recognized for its numerous health benefits including immune response optimization, antioxidant activity, fertility enhancer, and protection against viruses.
 

Furthermore, the increasing demand for frozen & processed food along with changing dietary habits due to increasing working women demographics, mainly in the U.S., India, and China will fuel industry demand. Moreover, favorable government regulations led by the FDA and EU Commission along with rising awareness regarding fundamental benefits of yeast-based food products, mainly in Europe and the U.S., will boost the market share.
 

Browse key industry insights spread across 160 pages with 160 market data tables and 22 figures & charts from the report, “Selenium Yeast Market Forecasts By Application (Functional Food, Animal Feed {Cattle, Poultry, Swine, Equine, Pet}) Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/selenium-yeast-market

 

Rising demand for organic ingredients along with rising meat consumption will drive the selenium yeast demand in North America

North America selenium yeast market size is likely to reach over USD 800 million by 2027 owing to rising concerns toward environment and health benefits associated with organic food in the North American region. The bioavailability & safety of organic selenium is much higher than inorganic selenium. Moreover, organic selenium contains high-quality protein, minerals, vitamins, dietary fiber, and essential amino acids for functional foods and food/dietary supplement applications. The rise in disposable income and working demographics, mainly in North America, accompanied with the increasing consumption of functional food in the U.S. will favor the regional market demand over the upcoming years.
 

Additionally, growing investments in R&D for product innovations in the yeast extraction sector accompanied by the positive outlook for the industrial livestock business will contribute to regional industry growth. Selenium yeast helps in maintaining good health in poultry including broiler and turkey. The presence of various food chains and fast service restaurants along with changing consumer dietary habits will increase meat & meat product consumption in the region. These factors will have positive impacts on selenium yeast demand from animal feed over the coming years.
 

The key players in the global selenium yeast market are executing various strategies such as investing in new product launches in the industry. For instance, the players are innovating new sources of selenium yeast through different selenium species includes Se-methylselenocysteine as found in natural garlic to meet the growing demand for the product. Also, the companies in the market are shifting toward safer & organic forms of selenium owing to the growing demand for organic ingredients in the food & feed industries.
 

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