The organic selenium yeast for animal feed market size is projected to reach US$ 6.46 million by 2031 from US$ 4.26 million in 2023. The market is expected to register a CAGR of 5.3% during 2023–2031. The rising adoption of pet food fortified with organic selenium yeast is likely to bring new trends to the market.
The increasing demand for meat-based and dairy products has significantly transformed industrial livestock production. Livestock products account for 16% of energy and 34% of the protein in human diets. Moreover, livestock production accounts for ~19% of the food production and 30% of the global agriculture outcome in terms of value. Changing food preferences and lifestyles, increasing urbanization, growing disposable income, and the rapidly rising world population contribute to the elevated demand for livestock. The growing livestock population worldwide boosts the growth of the animal feed industry, which fuels the market growth.
Enhancing the selenium content of animals' diets boosts the productivity of their egg, meat, and milk production. More significantly, it raises these products' nutritional content and quality. Thus, with growing awareness regarding the benefits of organic selenium yeast, livestock owners are significantly using animal feed enriched with organic selenium yeast. Further, the preference for natural ingredients in animal feed due to their nontoxic and pesticide-free nature is projected to provide significant growth opportunities to the organic selenium yeast for animal feed market during the forecast period.
Selenium is one of the important trace minerals for livestock animals and pets. It helps improve the reproduction and overall performance of animals. Strict quality control, specific process development, and proper yeast strain selection are necessary for producing concentrated, high-quality selenium yeast. Approximately 100 distinct organic selenium compounds can be produced from a considerable amount of inorganic selenium by properly selected yeast strains. The addition of a suitable dose of selenium at the appropriate time is critical. If the added dose exceeds the limit, the yeast will not be able to grow to its full potential. After the yeast has reached its optimal growth, it is carefully cleaned and harvested by centrifugation, and the selenium-enriched yeast cream is further processed to inactivate the yeast cells and finally dried in a drum dryer. Organic selenium yeast enables significant supply of selenium which improve egg production in poultry, supports metabolism and reproduction, improve meat quality, and enhance eggshell quality. Increasing organic selenium yeast among animal feed manufacturers and livestock breeders due to the rising awareness of its benefits is significantly driving the market.
The rising livestock production and growing demand for meat and other animal-based goods drive the demand for animal feed. The Food Agriculture Organization (FAO) projects that animal protein production will increase by 1.7% (roughly) yearly. The International Feed Industry Federation's Annual Report 2020–2021 states that compound animal feed production surpassed one billion tons annually in 2020. Worldwide, the annual production of commercial animal feed is valued at over US$ 400 billion. Furthermore, global feed volume rose by 1% to about 1.2 billion tons. These stats show the significant growth of the animal feed industry. Thus, the growth of the animal feed industry drives the demand for feed additives, including organic selenium yeast, which boosts the organic selenium yeast for animal feed market.
Livestock farmers and pet owners seek proper nutrition for their animals to enhance their performance and productivity and fulfill their nutritional requirements. With rising awareness about clean-label animal nutrition products, livestock farmers and pet owners check the nutrients and ingredients included in supplements to ensure that the animals receive the most appropriate and beneficial nutrients. They search for products free of artificial additives, preservatives, and fillers. The increasing inclination toward a healthy diet and growing awareness regarding the benefits of natural ingredients in animals has upsurged the demand for animal feed infused with natural and organic nutrients.
The livestock animals who consume organically made food offer meat that has high nutritional value. Organic milk and meat are rich in various nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, health-conscious consumers prefer organic meat over conventional as it does not contain pesticides. Due to the rising demand for organic meat and dairy products, the poultry sector, livestock farms, and animal husbandry have focused on purchasing high-quality organic feed products to supply organic meat to consumers. Thus, animal feed manufacturers are fortifying feed with organic nutrients to cater to the growing demand. Therefore, the preference for natural and organic ingredients over synthetic in animal feed is expected to create a huge opportunity for the market growth during the forecast period.
Key segment that contributed to the derivation of the organic selenium yeast for animal feed market analysis is livestock.
The geographic scope of the organic selenium yeast for animal feed market report is mainly divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
Asia Pacific held a significant market share in 2023, followed by North America and Europe.
North America is one of the significant markets for organic selenium yeast for animal feed due to the increased demand for nutrient-enriched animal feed and pet food, as well as the rising consumption of livestock products. The rise in the number of individuals opting for protein-rich and healthier products boosts the livestock industry’s growth. Thus, with the growing consumption of meat products, the requirement for animal feed increases, which further drives the market for organic selenium yeast for animal feed. As, the organic selenium yeast aids the reproductive health of animals. The selenium deficiency in various animal species suppresses immunity, impacts hoof health, and can cause respiratory disease in animals. According to the Alltech report, North America is the world’s largest beef feed producer, accounting for 57% of the world’s beef feed production, which is ~118.2 metric ton.
The regional trends and factors influencing the Organic Selenium Yeast for Animal Feed Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Organic Selenium Yeast for Animal Feed Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.26 Million |
| Market Size by 2031 | US$ 6.46 Million |
| Global CAGR (2023 - 2031) | 5.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Livestock
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Organic Selenium Yeast for Animal Feed Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Organic Selenium Yeast for Animal Feed Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The organic selenium yeast for animal feed market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key recent developments in the organic selenium yeast for animal feed market are mentioned below:
The "Organic Selenium Yeast for Animal Feed Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
Alltech Inc, Cargill Incorporated, Lallemand Inc, AngelYeast Co Ltd, Adisseo, Cypress Systems Inc, ForagePlus Ltd, Misma, and Phileo by Lesaffre are a few of the key players operating in the market.
The market size is projected to reach US$ 6.46 million by 2031.
Asia Pacific accounted for the largest share of the market in 2023.
The rising adoption of pet food fortified with organic selenium yeast is likely to emerge as a key trend in the market in the future.
Rising awareness of the benefits of organic selenium yeast for animal feed, along with the significant growth of the animal feed industry, are major factors contributing to the market growth.