Global Selenium Yeast Market to Signify Strong Growth by 2022-2028

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.

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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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Market Segmentation

Global Selenium Yeast Market by Type 

  • Food Grade
  • Feed Grade

Global Selenium Yeast Market by Application 

  • Functional Food
  • Animal Feed Industry
  • Others

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles 

  • Aleris
  • Alltech Inc.
  • Angel Yeast
  • Biorigin group
  • Cargill Co.
  • Chaitanya Biologicals Pvt. Ltd
  • Cypress Systems, Inc.
  • Garuda International Inc.
  • Lallemand, Inc
  • Miro Chembiotech Ltd.
  • Novus International Inc.
  • Pharma Nord  Inc.
  • Trouw Nutrition
  • York AG Products Inc

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.

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