Selenium Yeast Market Analysis

The selenium yeast market share from the animal feed application segment is slated to witness more than 2% CAGR through 2032, on account of the mounting import of livestock commodities. According to statistics from the USDA, between 2001 and 2021, total imports of poultry, beef, pork, and other livestock products rose by 117% and are further expected to grow through 2031. These factors, along with the increased intake of poultry products, will propel the use of selenium yeast in feeds for poultry and other animals, to deliver quality meat.

The Asia Pacific selenium yeast market value will reach USD 120 million by 2032, driven by the rapid rise in funding programs to enhance livestock value chains. For instance, in December 2022, the Asian Development Bank announced a USD 62.9 million package to enhance food security and drive economic growth through the improvement of livestock health, value chains and formal livestock trade in Cambodia. Moreover, the growing burden of avian influenza and other livestock diseases will promote the adoption of quality animal feed additives and foster the regional industry trends.
 

Latin American selenium yeast market share is projected to register a 3% CAGR during the forecast timeline, due to the rise in poultry exports. Based on the USDA, in 2023, chicken meat export in Brazil is set to increase by 6% to reach 5 million metric tons, thus augmenting the requirement for animal feed ingredients including selenium yeast. Likewise, the increasing prevalence of chronic ailments such as cancer will influence the intake of functional foods and beverages with high selenium yeast content across the region.