Industry Background:
The yeast Saccharomyces cerevisiae, often known as baker's yeast or brewer's yeast, is used to make selenium yeast. When yeast is produced in a selenium-rich media, it absorbs the selenium and transforms it to selenomethionine, a form of selenium present naturally in foods. The finished product is used in supplements and it is also used to fortify foods. Thyroid hormones and glutathione peroxidases, which are essential antioxidants, are produced by selenium in the human body. If an individual has a selenium deficit, eating selenium yeast will help his body continue to produce these important nutrients. Europe is the largest market for selenium yeast followed by North America.This growth is primarily driven by Consumption Of Selenium Yeast in Nutraceuticals and Demand Of Selenium Yeast in Dietary Products.
Globally, a noticeable market trend is evident Weight-Loss Foods with Selenium as An Ingredient Are Becoming Popular. The Chemicals sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Alltech (United States), Lesaffre (France), ABF (Australia), Lallemand (Canada), Novus (United States), ADM (United States), Pharma Nord (Denmark), Garuda (Indonesia), Selko (United States) and Angel Yeast (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 24th March 2021, Alltech, a global leader in the animal health business, has created a fully owned subsidiary that combines science and sustainability to deliver high-quality supplements that promote long-term welfare and enhance everyday nutrition. Acutia Brain Health, which will be released later this spring, combines selenium, vitamin C, and plant-based omega-3 DHA to promote cognitive health and brain function, as well as antioxidant effects and vital minerals.
Regulatory Insights:
According to Therapeutic Goods (Listing) Notice 1999 (No. 2) (Australia), “Therapeutic Goods Act 1989, require the following therapeutic goods to be included in the part of the Australian Register of Therapeutic Goods for listed goods: therapeutic goods containing sodium selenite, selenomethionine, selenocysteine or high selenium yeast as an active ingredient (or any combination of them) and that, for subsection 16 (1) of the Act, are distinct therapeutic goods by reason of having directions for use stating that the goods contain selenium and warning: i) that selenium is toxic in high doses; and ii) that selenium in dietary supplements should not exceed a daily dose of 100 µg: and iii) that goods containing selenium are not suitable for use by children under the age of 15 years."
Market Drivers
- Consumption Of Selenium Yeast in Nutraceuticals
- Demand Of Selenium Yeast in Dietary Products
Market Trend
- Weight-Loss Foods with Selenium as An Ingredient Are Becoming Popular
Restraints
- Selenium Yeast May Have Side Effects on Some Individuals
Opportunities
Adoption Of Selenium Yeast in Animal Nutrition Will Boost Its Demand and Growing Health Awareness Among Masses Will Increase the Demand of Selenium Yeast
Challenges
Lack Of Awareness About the Nutritional Benefits of Selenium Yeast
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Selenium Yeast Study Sheds Light on
The Selenium Yeast Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Selenium Yeast industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Selenium Yeast industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.