At 4.4% CAGR, Europe Organic Selenium Yeast for Feed Market is Projected to be Worth US$ 1,186.55 Thousand by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe organic selenium yeast for feed market was valued at US$ 838.32 thousand in 2023 and is expected to reach US$ 1,186.55 thousand by 2031, registering a CAGR of 4.4% from 2023 to 2031. Rising adoption of pet food fortified with organic selenium yeast and growth of animal feed industry are among the critical factors attributed to drive the Europe organic selenium yeast for feed market growth.

Selenium acts as an antioxidant inside the body of a pet. One way to ensure adequate selenium 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 healthy diet and growing awareness regarding the benefits of natural ingredients in animals have 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 huge opportunity for market growth.

On the contrary, development of other effective sources of organic selenium hampers the growth of Europe organic selenium yeast for feed market.

By livestock, the Europe organic selenium yeast for feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others. The poultry segment held 43.5% share of Europe organic selenium yeast for feed market share in 2023, amassing US$ 364.43 thousand. It is projected to garner US$ 490.56 thousand by 2031 to register 3.8% CAGR during 2023–2031.

Based on country, the Europe aircraft brackets market is categorized into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 48.2% share of Europe aircraft brackets market in 2023. It was assessed at US$ 404.24 thousand in 2023 and is likely to hit US$ 541.54 thousand by 2031, registering a CAGR of 3.7% during 2023–2031.

Key players operating in the Europe organic selenium yeast for feed market are Adisseo; Alltech Inc; AngelYeast Co., Ltd.; Cargill, Incorporated; Forageplus Ltd; LALLEMAND, INC.; Misma; and Phileo by Lesaffre, among others.

• May-2024: LALLEMAND, INC. announced a strategic decision for its organic yeast selenium production plant located in the UK. This strategic decision involves adopting sustainable practices in the production process to optimize production costs and reduce environmental footprint.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com