Organic Selenium Yeast for Animal Feed Market Report By Insights, Size, and Growth - 2031

The market for organic selenium yeast in animal feed is projected to expand from US$ 4.26 million in 2023 to US$ 6.46 million by 2031, reflecting a compound annual growth rate (CAGR) of 5.3% during this period.

The rising demand for meat and dairy products has significantly impacted the landscape of industrial livestock production. Livestock products contribute to 16% of the energy and 34% of the protein consumed in human diets. Furthermore, livestock production represents approximately 19% of total food production and 30% of the global agricultural output in terms of value. Factors such as shifting dietary preferences, increased urbanization, higher disposable incomes, and a rapidly growing global population are driving the heightened demand for livestock. Consequently, the expanding livestock population worldwide is propelling the growth of the animal feed sector.

Increasing the selenium content in animal diets enhances the productivity of egg, meat, and milk production, while also improving the nutritional quality of these products. As awareness of these benefits grows, livestock producers are increasingly incorporating animal feed that is enriched with organic selenium yeast. Therefore, the rising livestock population and the expanding animal feed industry are key drivers of the organic selenium yeast for animal feed market growth.

Nonetheless, manufacturers are exploring alternative sources of organic selenium that can serve as viable substitutes for organic selenium yeast. For example, Orffa has developed sources of organic selenium such as synthetically produced L-selenomethionine. This additive maintains consistent concentration levels and provides all necessary selenium, making it a more effective option when included in animal feed. Additionally, this form is considered cost-efficient, requiring lower supplementation while achieving comparable or superior selenomethionine levels in animal feed. As a result, the emergence of such effective organic selenium sources poses a challenge to the growth of the organic selenium yeast for animal feed market.

The organic selenium yeast for animal feed market is categorized based on livestock types, including poultry, ruminants, swine, aquaculture, pets, and others. In 2023, the poultry segment dominated the market. A selenium-deficient diet in poultry can lead to decreased egg production, poor feather quality, weakened immunity, and various diseases, all of which can significantly impact poultry operations. Poultry that received diets supplemented with organic selenium yeast exhibited the highest selenium levels in their eggs. The advantages of organic selenium for poultry encompass improved feather quality, enhanced chick health, better antioxidant status, superior eggshell quality, increased egg production, improved meat nutritional value, and reproductive health. The demand for poultry meat is surging, as many consumers prefer chicken over beef and pork due to its lower fat content and higher protein levels, thereby increasing the need for poultry feed ingredients like organic selenium yeast.

Key players in the organic selenium yeast for animal feed market include Alltech Inc, Cargill Incorporated, Lallemand Inc, AngelYeast Co Ltd, Adisseo, Cypress Systems Inc, ForagePlus Ltd, Misma, and Phileo by Lesaffre, among others. These companies are focused on delivering innovative and health-oriented products at competitive prices to meet market demand.

The overall size of the organic selenium yeast for animal feed market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the organic selenium yeast for animal feed market.