High-Selenium Yeast Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI) latest report, the high-selenium yeast market is expected to be worth USD 305.7 billion in 2022, growing at a 4.1% CAGR from 2022 to 2028. During the projected period, the global selenium yeast market is expected to rise due to rising demand for bread products, increased alcohol and beverage consumption, and increased demand for high-quality animal feed. The expanding acceptance of bioethanol in the pharmaceutical and biotechnology industries, as well as an alternative fuel, is expected to drive the selenium yeast market forward. The increased demand for convenience foods and ready-to-eat food products as a result of changing consumer lifestyles is expected to propel the selenium yeast market forward throughout the forecast period. Furthermore, throughout the projected period, rising customer awareness of the health advantages and nutritional value of selenium yeast is expected to provide abundant possibilities for leading market competitors. One of the most pressing concerns for selenium yeast manufacturers is the scarcity of raw materials.

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Functional Food Segment to Dominate the High-Selenium Yeast Market:
The functional food segment is expected to account for a larger revenue share in the global high-selenium yeast market, with a value share of X% worldwide. It is projected to grow at a X% CAGR between 2022 and 2028. Because selenium deficiency is associated with a weakened immune system and an increased risk of developing various diseases, the COVID-19 pandemic has sparked a surge in demand for Selenium-based nutritional supplements. Individuals worldwide have grown more conscious of the composition of their food to strengthen their immunity and maintain a fully working immune system. An increasing section of the global population consumes various functional foods and supplements regularly, bolstering the prognosis for the selenium yeast market. Low selenium status was linked to a higher proportion of COVID-19 deaths throughout certain Chinese provinces during the first wave.

Europe High-Selenium Yeast Market:
The Europe market is expected to hold a significant market share in the global high-selenium yeast market over the forecast period. It is projected to grow at a CAGR of 4.5% in the coming years. Due to its expanding use in the food and beverage industry, the market for high selenium yeast is growing rapidly in Europe. The substance works as a natural antioxidant, improving blood circulation, lowering blood pressure, and strengthening bones. Because of their capacity to prevent coronary heart disease, regulate metabolism and digestive function, and metabolize thyroid hormones, selenium-containing foods are supplemented for human nutrition. The European Union's ban on antibiotic growth promoters in animal feed has resulted in increased R&D for Yeast Products (YP) in the gastrointestinal environment, rumen microbial populations, and overall animal performance, fuelling demand for selenium yeast in animal feed applications.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global high-selenium yeast market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The high-selenium yeast market is segmented based on type, application, and geography.
Based on the type, the market is segmented into the following:
• Food Grade
• Feed Grade

Based on the application, the market is segmented into the following:
• Functional Food
• Feed Industry
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the high-selenium yeast market report are Alltech, Lesaffre, ABF, Lallemand, Novus, ADM, Pharma Nord, Garuda, Probiotech, Selko, Miro Chembiotech, Aleris, and Chaitanya.

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