The global selenium yeast market is anticipated to grow at a significant CAGR of 3.2% during the forecast period (2021-2028). 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.  

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. 

Impact of COVID-19 Pandemic on Global Selenium Yeast Market

The COVID-19 pandemic had positively  impacted the selenium yeast sector. The people suffered form COVID-19, faces high risk of oxidative damage of the lungs in the human body. The slelenium yeast assist in preventing viral infection, lowering viral pathogenicity, boosting immunity, lowering oxidative stress, inflammation and pathogenesis of the disease. Furthermore, under selenium-deficient conditions, viruses are found to mutate rapidly to become more virulent, and upon selenium sufficiency, the mutagenesis of virus decreases followed by dumping of virulence. Thus, selenium plays a vital role in reducing viral pathogenicity and infection rate during the COVID-19 pandemic that has increased its demand, which lead to the market growth.

Segmental Outlook 

The global selenium yeast market is segmented on the basis of type, and application.. Based on the type, the market is segregated into food grade, and feed grade. Based on application, the market is bifurcated into functional food, feed industry, and others. Based on application, the functional food segment is expected to grow at the fastest rate,. The growing number of health-conscious populations in emerging economies and rising micronutrient deficiencies are the major factors that boost the growth of the segment. 

Global Selenium Yeast Market Share by Type, 2021(%)

Feed Greed Segment is Estimated to Achieved a Considerable Growth in Selenium Yeast Market  

Based on type, the feed greed segment shows significant growth during the forecast period. The major factors that contribute to the segment growth include  an increase in the production and usage of compound feed and rising health awareness among the all age group. In addition,growing demand for animal nutrition food, is anticipated to drive the feed yeast segmentduring the forecasted period. Moreover, new product developments and launches by market players are furtheer aid in market gorwth. For instance, in July 2021, Nutreco N.V. acquired Bigsal from the H.I.G capital, and become an integral part of Nutreco’s animal nutrition division Trouw Nutrition. The acquisitions assist in expanding and strengthening the Trouw nutrition business in northers brazil and availability of feed yeast product in the country. 

Regional Outlook

The global selenium yeast market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America region is expected to show a dominance throughout the year, due to the highest prevalence of obesity, and the focus of the functional food ingredients industry to invest more in research programs to introduce new ingredients to meet the rising demand of customers in the region. 

Global Selenium Yeast Market Growth, by Region 2021-2028

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. 

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

• Market value data analysis of 2021 and forecast to 2028.
• 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.