Asia Pacific Organic Selenium Yeast for Feed Market
No. of Pages: 80 | Report Code: BMIRE00031081 | Category: Food and Beverages
No. of Pages: 80 | Report Code: BMIRE00031081 | Category: Food and Beverages
The Asia Pacific organic selenium yeast for feed market was valued at US$ 1,609.53 thousand in 2023 and is expected to reach US$ 2,576.45 thousand by 2031; it is estimated to register a CAGR of 6.1% from 2023 to 2031.
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.
China has a developed animal feed and livestock industry. According to the Alltech Global Feed Survey 2021 report, China ranked first in feed production worldwide. In recent years, due to the increasing awareness of animal's health and their nutritional intake, there has been a growing demand for nutrient-enriched feed in the country.
Deficiency of various nutrients among animals can lead to diseases. Selenium deficiency in cattle is associated with several problems, including muscular degenerative disease in calves, delayed conception, myocardial necrosis, heart failure, immune dysfunction, abortion and perinatal mortality, increased risk of mastitis, and growth retardation in young animals. Thus, to overcome such health issues, livestock owners prefer animal feed enriched with organic selenium yeast. Brands such as Angel Yeast in China are recognized as manufacturers of naturally sourced organic selenium yeast due to its high organic selenium content in form of selenomethionine with high bioavailability form for improved nutrient utilization. These are the major factors driving the organic selenium yeast for animal feed market growth in the country.
Strategic insights for the Asia Pacific Organic Selenium Yeast for Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1,609.53 thousand |
Market Size by 2031 | US$ 2,576.45 thousand |
Global CAGR (2023 - 2031) | 6.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Livestock
|
Regions and Countries Covered | Asia-Pacific
|
Market leaders and key company profiles |
The geographic scope of the Asia Pacific Organic Selenium Yeast for Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific organic selenium yeast for feed market is categorized into livestock and country.
By livestock, the Asia Pacific organic selenium yeast for feed market is segmented into poultry, ruminants, swine, aquaculture, pets, and others. The poultry segment held the largest share of the Asia Pacific organic selenium yeast for feed market share in 2023.
Based on country, the Asia Pacific organic selenium yeast for feed market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China held the largest share of Asia Pacific organic selenium yeast for feed market in 2023.
Adisseo; Alltech Inc; AngelYeast Co., Ltd.; Cargill, Incorporated; LALLEMAND, INC.; Phileo by Lesaffre; and Shanghai Debon Xinsheng Bio-Tech Co., Ltd. are some of the leading companies operating in the Asia Pacific organic selenium yeast for feed market.
The Asia Pacific Organic Selenium Yeast for Feed Market is valued at US$ 1,609.53 thousand in 2023, it is projected to reach US$ 2,576.45 thousand by 2031.
As per our report Asia Pacific Organic Selenium Yeast for Feed Market, the market size is valued at US$ 1,609.53 thousand in 2023, projecting it to reach US$ 2,576.45 thousand by 2031. This translates to a CAGR of approximately 6.1% during the forecast period.
The Asia Pacific Organic Selenium Yeast for Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Organic Selenium Yeast for Feed Market report:
The Asia Pacific Organic Selenium Yeast for Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Organic Selenium Yeast for Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Organic Selenium Yeast for Feed Market value chain can benefit from the information contained in a comprehensive market report.