Report : South & Central America Organic Selenium Yeast for Feed Market Forecast to 2031 – Regional Analysis – by Livestock (Poultry, Ruminants, Swine, Aquaculture, Pets, and Others)
At 4.9% CAGR, South & Central America Organic Selenium Yeast for Feed Market is Projected to be Worth US$ 775.32 Thousand by 2031, says Business Market Insights
According to Business Market Insights’ research, the South & Central America organic selenium yeast for feed market was valued at US$ 530.59 thousand in 2023 and is expected to reach US$ 775.32 thousand by 2031, registering a CAGR of 4.9% 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 South & Central America organic selenium yeast for feed market growth.
Selenium acts as an antioxidant inside the body of a pet. One way to ensure adequate selenium in pet food is to add it in the selenium yeast form. Selenium yeast supports immunological response, cellular regeneration, and vital metabolism in pets. The blood can absorb selenium yeast, which is then stored in cells for use in stressful situations. Due to such benefits to pet health, manufacturers are fortifying pet food with organic selenium yeast. Additionally, many animal nutritionists and veterinary practitioners have been recommending using selenium-fortified pet food due to its mentioned benefits. Pet owners across the world have been spending leniently on pet food, pet care, and other pet products to ensure their optimal health and fulfill the nutritional requirements of pets. Pet humanization across the world is increasing due to the media coverage of celebrities and their furry friends and emerging pet-loving culture. The population of dogs, cats, birds, and other pet animals is rising. Factors such as aging population and lonely persons who adopt pets to fill the void drive pet adoption. The adoption of pet food fortified with various nutrients, including organic selenium yeast, is expected to increase in the coming years.
On the contrary, development of other effective sources of organic selenium hampers the growth of South & Central America organic selenium yeast for feed market.
By livestock, the South & Central America organic selenium yeast for feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others. The poultry segment held 45.2% share of South & Central America organic selenium yeast for feed market share in 2023, amassing US$ 239.74 thousand. It is projected to garner US$ 328.29 thousand by 2031 to register 4.0% CAGR during 2023–2031.
Based on country, the South & Central America organic selenium yeast for feed market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 51.7% share of South & Central America aircraft brackets market in 2023. It was assessed at US$ 274.21 thousand in 2023 and is likely to hit US$ 403.87 thousand by 2031, registering a CAGR of 5.0% during 2023–2031.
Key players operating in the South & Central America organic selenium yeast for feed market are Adisseo; Alltech Inc; AngelYeast Co., Ltd.; Cargill, Incorporated; LALLEMAND, INC.; and Phileo by Lesaffre, among others.
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