What is Selenium-enriched Yeast - Global Market?
Selenium-enriched yeast is a type of yeast that has been fortified with selenium, a mineral that is essential for human health. This type of yeast is used in a variety of products, including dietary supplements and functional foods, due to its high selenium content. Selenium is a powerful antioxidant that can help to protect the body from damage by free radicals, and it is also important for thyroid function. The global market for selenium-enriched yeast is substantial and growing. In 2022, the market was valued at US$ 1981.4 million, and it is expected to reach US$ 2598.1 million by 2029, representing a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2023 to 2029.
Food Grade, Feed Grade in the Selenium-enriched Yeast - Global Market:
The selenium-enriched yeast market is divided into two main segments based on grade: food grade and feed grade. Food grade selenium-enriched yeast is used in human food products, while feed grade selenium-enriched yeast is used in animal feed. Both types of selenium-enriched yeast provide a source of bioavailable selenium that can be easily absorbed by the body. The demand for selenium-enriched yeast is driven by a growing awareness of the importance of selenium for health, as well as a growing demand for functional foods and dietary supplements.
Functional Food, Feed Industry, Others in the Selenium-enriched Yeast - Global Market:
Selenium-enriched yeast is used in a variety of applications, including functional food, the feed industry, and others. In the functional food industry, selenium-enriched yeast is used to fortify foods with selenium, providing a health benefit beyond basic nutrition. In the feed industry, selenium-enriched yeast is used to improve the health and productivity of livestock. Other applications of selenium-enriched yeast include its use in dietary supplements and in the production of selenium-rich beer.
Selenium-enriched Yeast - Global Market Outlook:
The global selenium-enriched yeast market is dominated by North America, which accounts for about 34% of the total market share. Europe follows closely behind, accounting for about 30% of the market share. The top three companies in the selenium-enriched yeast market collectively hold about 31% of the market share. This indicates a relatively high level of concentration in the market, with a few key players dominating.
| Report Metric | Details |
| Report Name | Selenium-enriched Yeast - Market |
| Forecasted market size in 2029 | US$ 2598.1 million |
| CAGR | 3.9% |
| Forecasted years | 2023 - 2029 |
| Global Selenium-enriched Yeast market, by region: |
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| Global Selenium-enriched Yeast market, Segment by Type: |
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| Global Selenium-enriched Yeast market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
