North America Organic Selenium Yeast for Feed Market
No. of Pages: 150 | Report Code: BMIRE00031088 | Category: Food and Beverages
No. of Pages: 150 | Report Code: BMIRE00031088 | Category: Food and Beverages
The North America organic selenium yeast for feed market was valued at US$ 992.25 thousand in 2023 and is expected to reach US$ 1,524.82 thousand by 2031; it is estimated to register a CAGR of 5.5% from 2023 to 2031.
Animals need selenium as a trace mineral. It functions as a potent antioxidant essential for growth, metabolism, healthy reproduction, and the body's defense mechanisms. Additionally, it strengthens an animal's immune system. Immune system security naturally improves performance because it requires less animal energy to combat sickness. In Poultry, selenium supplements support breeder fertility and optimize egg and meat quality. The animals who consume feed and food made from organic ingredients and additives offer meat that has high nutritional value. Hence, preference towards organic selenium over synthetic is high as it does not contain pesticides. Organic selenium yeast also supports selenium retention in muscle and tissue and boosts the reproductive performance of swine. Organic selenium supplementation in fish is linked to high length and weight gain, improved growth, and optimized immune performance. Thus, owing to such benefits, various animal feed manufacturers are fortifying feed with organic selenium yeast to improve the feed quality.
The feed fortification with various organic minerals is linked to improved animal health and welfare. The high prevalence of micronutrient deficiency diseases among animals boosts the demand for fortified feed, resulting in an increase in the adoption of organic minerals such as organic selenium yeast. Thus, the benefits associated with organic selenium yeast for animal nutrition drive the North America organic selenium yeast for animal feed market growth.
The North America organic selenium yeast for feed market is segmented into the US, Canada, and Mexico. The demand for organic selenium yeast for feed is gradually growing in the US due to the growing requirement for healthy feed ingredients among animal feed manufacturers. The domestic animal feed manufacturing industry largely relies on the free-trade agreement with Canada and Mexico [North American Free Trade Agreement's (NAFTA) implementation], which has allowed exports of feed ingredients, feed, and additives. The trade agreement and the growing livestock industry fuel the demand for animal feed and further propels the requirement for feed ingredients such as organic selenium yeast across the US. Additionally, the country remains the world's largest animal feed producer and exporter and is home to many of the world’s leading animal feed producers.
The organic selenium yeast for animal feed market position in the US has been bolstered by growing awareness regarding the advantages of specialty feed additives among American livestock farmers. Adisseo, a US-based company, offers Selisseo, an organic source of selenium consisting of hydroxy-selenomethionine or HMSeBA and is FDA-approved for use in poultry, swine, and cattle in the US and approved for use in all species in Canada. Moreover, the US Food and Drug Administration approved the use of Sel-Plex (Organic selenium developed by Alltech) as a supplement to feed for turkey, chickens, swine, beef, equines, and pets. Thus, such government initiatives and support fuel market growth.
Strategic insights for the North America 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$ 992.25 thousand |
| Market Size by 2031 | US$ 1,524.82 thousand |
| Global CAGR (2023 - 2031) | 5.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Livestock
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America organic selenium yeast for feed market is categorized into livestock and country.
By livestock, the North America 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 North America organic selenium yeast for feed market share in 2023.
Based on country, the North America organic selenium yeast for feed market is segmented into the US, Canada, and Mexico. The US held the largest share of North America organic selenium yeast for feed market in 2023.
Adisseo; Alltech Inc; AngelYeast Co., Ltd.; Cargill, Incorporated; Cypress Systems, Inc; LALLEMAND, INC.; and Phileo by Lesaffre are some of the leading companies operating in the North America organic selenium yeast for feed market.
The North America Organic Selenium Yeast for Feed Market is valued at US$ 992.25 thousand in 2023, it is projected to reach US$ 1,524.82 thousand by 2031.
As per our report North America Organic Selenium Yeast for Feed Market, the market size is valued at US$ 992.25 thousand in 2023, projecting it to reach US$ 1,524.82 thousand by 2031. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America 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 North America Organic Selenium Yeast for Feed Market report:
The North America 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 North America Organic Selenium Yeast for Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Organic Selenium Yeast for Feed Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Organic Selenium Yeast for Feed Market
