The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
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According to Global Market Insights Inc estimates that the selenium yeast market could touch USD 275 million by the year 2026. Growing prevalence of chronic diseases such as bone & joint disorders could drive the need for multifunctional high quality ingredients in food formulations. The numerous health benefits associated with the ingredient such as reduced oxidative damage, improved body’s metabolism to fight against diseases, and normal functioning of the immune system could enhance the adoption of selenium yeast-based food products.
Highlighted below are a few growth drivers that could stimulate selenium yeast industry size:
1) Supportive government initiatives –
The introduction of government and regulatory initiatives to promote new developments in feed processing could positively impact the selenium yeast business outlook. These developments could help in maintaining effective animal health and safety. The enforcement of stringent regulations in Europe and North America to limit the use of synthetic antibiotics in animal feed could enhance the demand for organic additives that help in maintaining necessary nutritional levels.
Regulatory agencies like the U.S. FDA are collaborating with the Association of American Feed Control Officials (AAFCO) to lay out uniform policies for regulating the fair use of animal food items. These policies are centered around offering proper labeling of feed ingredients and establishing uniform definitions to ensure the safe use of animal foods.
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2) Mounting demand across Europe –
Increasing number of comprehensive research & development activities focused on adopting organic and natural extracts in animal nutrition could boost the demand for selenium yeast products in Europe. Selenium yeast helps in improving fertility of animals, enhancing muscle development, and providing better resistance to stress.
Europe holds a fair share of the global livestock sector. The region is also among the leading exporters of meat and dairy products in the world. Consequently, rising demand for poultry & meat products could broaden the business horizon for local players.
3) Implementation of innovative business ideas –
Companies functioning in the selenium yeast industry are concentrating on adopting strategic business ideas such as collaborations and new product launches to enhance their market presence. Industry players are emphasizing on conducting new R&D activities as well as expanding their foothold in emerging markets like India, Saudi Arabia, and Brazil.
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Citing an instance, Lallemand Animal Nutrition conducted an ambitious R&D program on yeast characterization which led to the emergence of next-generation yeast derivatives, YANG. Studies show that YANG, when used under different scenarios, can provide vast benefits, particularly in challenging farming conditions (broilers, piglets, pre-ruminants, aquaculture) along with pet foods.
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Related Report: Selenium Yeast Market revenue to hit $275 million by 2026: Global Market Insights, Inc.
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