Selenium Yeast Market (By Typep: Food Grade, Feed Grade; By Application: Functional Food, Animal Feed, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026
The global selenium yeast market is expected to grow at a CAGR of around 3.8% from 2019 to 2026 and expected to reach the market value of around US$ 280.4 Mn by 2026.
Selenium Yeast is able to boosts the nitrogen, sulphur, phosphorus, and carbon together with a great number of minerals and trace elements into a palatable, nutritious product. The selenium yeast is used in various industrial and chemical applications which include brewing, tanning, baking, and animal feed & biofuel production. Based on type, different types of selenium yeast such as food grade and feed grade are used. Selenium yeast boosts the chemical reactions and increase production process. The selenium yeast are extracted from plant tissue, animal tissue, and microorganisms. The growing demand for packaged foods and increase in demand for consumer products across the globe further grows the demand for selenium yeast. This expected to enhance the production to meet the growing consumption of selenium yeast over the forecast period.
Market Dynamics
The growth of the selenium yeast market is primarily driven by the rising selenium yeast demand from food & beverage, nutraceutical, and bakery applications, increase in the consumption of processed food and packaged food across the globe, and multi-functionality of selenium yeast. Furthermore, increase in demand of selenium yeast in packaged foods and risk associated with chronic disease; increase in health and wellness concerns is estimated to boost the market growth. Moreover, changing lifestyles of consumers across developed countries, growing pharmaceutical and food industry, increase in research and development and increase in the number of applications, and growing demand for food additives are expected to create opportunities for the manufacturers in the global market over the forecast period. However, stringent government regulations in food production and limited availability of raw materials are expected to hamper the growth of the global selenium yeast market in the coming years.
By application, food & beverages dominated the selenium yeast market
Based on application, the market has been segmented into functional food, animal feed, and others. The animal feed segment accounts of the largest share in the market and are expected to grow at a CAGR of around 3.8% during the forecast period.
The selenium yeast is used in animal feed applications to improve immunity and fertility and enhances milk content. The manufacturers Lallemand Nutrition, Angel Yeast Co. Ltd, and Novus Internataional Inc are the mainly investing in the development of selenium yeast for the animal feed application, which expected the lead the market in the coming years.
The market research study on “Selenium Yeast Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global selenium yeast market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global selenium yeast market, its type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global selenium yeast market size and volume, and segment markets by type, application, and geography along with the information on companies operating in the market. The selenium yeast market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the selenium yeast market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of selenium yeast in various end user industries, enhanced productivity, and better product value are the major driving factor for the region in the global market. Moreover, the increasing demand for nutritional & healthy products and diversification in the region’s animal food sector are expected to enhance the market growth in the global selenium yeast market in future. Europe is expected to witness second largest market during the forecast period. The increase in usage of food and beverage sector, consumer awareness towards health and wellness of individual and rising production and consumption of selenium yeast are expected to enhance the market growth in the global selenium yeast market in the region during the forecast.
Asia Pacific is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in developing countries to meet the demand for selenium yeast. Moreover increase in demand for animal meat and growing animal food market in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global selenium yeast market during the forecast.
The players profiled in the report include Cypress Systems Inc., Garuda International Inc., Diamond V, Alltech, and Pharma Nord, Lallemand Nutrition, Angel Yeast Co. Ltd, Novus Internataional Inc., Johncan Bio, Archer Daniels Midland, Lesaffre, and Biorigin. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market Segmentation
Market By Type
- Food Grade
- Feed Grade
Market By Application
- Functional Food
- Animal Feed
- Others
Market By Geography
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
What does selenium yeast mean?
Selenium Yeast is able to boosts the nitrogen, sulphur, phosphorus, and carbon together with a great number of minerals and trace elements into a palatable, nutritious product.
What are the uses of selenium yeast?
The selenium yeast is used in various industrial and chemical applications which include brewing, tanning, baking, and animal feed & biofuel production.
Which factor curbs the growth of selenium yeast market?
Factors such as rising selenium yeast demand from food & beverage, nutraceutical, and bakery applications, increase in the consumption of processed food and packaged food across the globe restrain the selenium yeast market growth.
Which region held the maximum share of the selenium yeast market?
North-America held maximum share in 2018 for selenium yeast market.
Which region is projected to grow at a fastest rate during the forecast period?
Asia Pacific is projected to grow at a fast pace during forecast period in the selenium yeast market.
Which are the top key players operating in the selenium yeast market?
Cypress Systems Inc., Garuda International Inc., Diamond V, Alltech, and Pharma Nord, Lallemand Nutrition, Angel Yeast Co. Ltd, Novus Internataional Inc., and Johncan Bio are the top players operating in the selenium yeast market.
How much is the size of selenium yeast market?
According to Acumen Research and Consulting, the global selenium yeast market is expected to reach the market value of around US$ 280.4 Mn by 2026.
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