The global selenium yeast market is anticipated to grow at a significant CAGR of 3.2% during the forecast period (2024-2031). The growing consumer awareness enhances the manufacturers to prefer selenium yeast feed grades in the food supplements, to offer balanced nutrition. In addition, owing to rising concern towards animal wellbeing, and increasing prevalence of various chronic diseases in the human, which forces them to consume selenium yeast enriched nutritional food is further expected to drive the market growth. . Selenium constituent of more than two dozen selenoproteins which plays a critical role in reproduction, thyroid hormone metabolism, DNA synthesis, and helps in preventing form oxidative damage and infection. Moreover, people suffering from systemic inflammatory response syndrome(SIRS) are associated with high mortality rates, as the patients are prone to oxidative stress, and consuming selenium yeasts enriched nutrients food improves the outcome of critically ill patients in intensive care units.
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Furthermore, new product developments and launches by market players are further aid in market growth. For instance, in April 2020, Tractor Supply Co. introduced the VICTOR Super Premium Pet Food brand into its lineup of quality dog foods. The victor product portfolio includes selenium yeast, mineral complexes, prebiotics, and probiotics, which work together to support the metabolism, digestion, and immune defense system of animals.
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North America Region is Expected to Propel with a Significant Rate in Selenium Yeast Market
Geographically, the North American regionheld themajor share in the global selenium yeast market in 2021, and it is expected to grow with significant rate during the forecast period. The growth is mainly driven by the rising prevalence of chronic diseases due to hectic lifestyle, and the presence of key market players, which offers an immense range of nutritional food items to boost the immune system.. For instance, in October 2021, Novozymes launched the Innova yeast platform. The new yeast enables ethanol plants with longer fermentation times of more than 60 hours to realize higher ethanol yields and processing efficiencies than ever before. Producers can increase ethanol yield by 2-3% with the new yeast, which for a 100MGY plant translates to an additional $1-2 million in revenue.
by Type (Food Grade, and Feed Grade)
by Application (Functional Food, Feed Industry, and Others)
Market Players Outlook
The prominent players contributing globally in the selenium yeast market are Archer Daniels Midland Co., Associated British Foods plc, Lesaffre International Corp., Cargill Co., Chaitanya Biologicals Pvt. Lt., Cypress, Garuda International Inc., Lallemand Inc., and others. These key manufacturers are adopting various strategies like new product launches, mergers and acquisitions, partnerships and collaborations, and many others to thrive in a competitive environment. For instance, in August 2021, Angel Yeast Co. Ltd., acquired Shandong Bio Sunkeen Co., Ltd., Shandong Province, China. Angel yeast utilizes Bio Sunken’s existing facilities, for further expansion. Moreover, the acquisition allows Angel Yeast to increase its annual production capacity by 15,000 tons for yeast and yeast extracts.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global selenium yeast market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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