High-Selenium Yeast Market: By Type (Food Grade and Feed Grade), By Applications (Functional Food, Feed Industry, and Others), and Geography  

High Selenium Yeast Market size was valued at USD 293.7 billion in 2022 and is poised to grow at a significant CAGR of 4.1% over 2023-2029. Selenium provides numerous health benefits since it aids in producing glutathione peroxidases and thyroid hormones, making it a vital nutritional component. Consumption of selenium yeast can help manufacture these important compounds when selenium is deficient. Due to the rising demand for fortifying food additives that help improve the nutritional value of food items, the market share is expected to expand significantly. Furthermore, rising demand for poultry goods due to evolving consumer tastes toward protein-rich foods would propel the poultry sector forward, increasing the size of the selenium yeast market for animal feed application. Selenium yeast is an excellent source of nutrition for a variety of animals, including chickens, because it helps to prevent muscular deficiency and enhances muscle development.

Additionally, the major selenium yeast market players are always involved in R&D activities to expand the application scope in additives and food ingredients. Furthermore, increased technical improvements and food producers' R&D spending have resulted in products with clean labeling. Initiatives by various organizations, such as EURASYP, aimed at informing consumers and merchants on the composition, manufacture, usage, labeling, and tangible benefits of yeast products, are anticipated to promote yeast and its derivatives, resulting in the rise of the selenium yeast industry. The increase in demand for naturally derived additives in food formulations, as a result of rising health and wellness concerns, provides opportunities for the industry. Players in the market are expanding product development innovations in order to provide high antioxidant content that aids in the treatment of cancer and cholesterol. Because this trace element helps maintain proper circulatory system functions, the selenium yeast industry is expected to grow rapidly. The yeast is suitable for the functional food industry since it provides high-quality protein, minerals, dietary fiber, and vital amino acids.

The High Selenium Yeast Market Key Developments:

• In June 2020, Lesaffre, a global key player in yeasts and fermentation, acquired a bulk stake in Biohymn Biotechnology. Biohymn Biotechnology is a China-based company that concentrates on the production of yeast & yeast extracts.