Selenium Yeast Market is anticipated to grow at a significant CAGR of 3.2% during the forecast period. The major driving factor that enhances the market growth is rising chronic diseases which result in higher blood pressure levels, increasing mental health problems such as memory loss, and an increasing number of asthma patients. A diet rich in selenium aids in keeping the heart healthy, and consuming selenium yeast improves memory in patients with Alzheimer’s. For instance, according to Alz.org, in 2022 1 in 3 seniors dies with Alzheimer’s or another dementia, and over 11 million Americans provide unpaid care for people with Alzheimer’s. Hence, the rising prevalence of various diseases, and the benefits offered by selenium rice foods enhance the growth of the global selenium yeat market.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace this is anticipated to positively impact significant market growth. For instance-
Phileo Lesaffre invests in production in Spain- In February 2022, Phileo Lesaffre is set to produce its manufacturing site in Valladolid, Spain to offer yeast product enriched organic selenium, branded as selsaf. Adding selsaf to animal feed has improved the overall health of the animal by stimulating antioxidant defenses. In addition, the product support animal health resulting in better embryo viability and survival rate, as more selenium transfer to offsprings, and less morbidity.
Ohly and Lallemand entered into a partnership- In January 2019, Ohly and Lallemand formed a strategic partnership for the divestment of Ohly’s Hutchinson Torula Yeast facility and associated Torual whole cell business in the US.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2024-2030
Segment Covered- by type, by application
Regions Covered– North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape– 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
Selenium Yeast Market– Segmentation
By Type
- Food grade
- Feed grade
By Application
- Functional food
- Feed industry
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Selenium Yeast Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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
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