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Selenium Yeast Market Segmented By Food Grade and Feed Grade Type with Applications such as Functional Food and Feed Industry
Selenium yeast is produced using special species of yeast known as Saccharomyces cerevisiae. This selenium yeast is also known as baker’s yeast in the market. When the yeast is grown in the selenium-enriched medium, it converts that selenium into naturally found selenium found in food by absorbing it. This selenium yeast is then used to make supplements and fortify foods.
The selenium has many health benefits as it helps to produce glutathione peroxidases and thyroid hormones which make it an important food ingredient. During the deficiency of selenium, the consumption of selenium yeast can help to synthesize these essential substances.
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The global selenium yeast market is expected to register a significant growth due to growing application in the food industry and other industrial sectors during the forecast period. The increasing demand for bakery products, growth in alcohol and beverage consumption, and demand for high-quality animal feed are expected the global selenium yeast market during the forecast period.
Then growing acceptance of bio-ethanol as in pharmaceutical and biotechnology industry, also as an alternative fuel is estimated to further contribute to the growth of selenium yeast market. The rising demand for convenience food and ready to eat food products due to the changing lifestyle of consumers is predicted to fuel the growth of selenium yeast market over the forecast period.
Furthermore, the growing awareness among the customers about the health benefits and nutritional values of selenium yeast is expected to create an ample of opportunities for the key market players over the forecast period. The low availability of raw material is one of the greatest matter of concern for the producers of selenium yeast.
Thus, the shortage of raw materials can create an imbalance between supply and demand which can act as a challenge for the growth of global selenium yeast market. The major market players in the selenium yeast market are continuously involved in the R&D activities to increase the application scope in additives and food ingredient.
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The global Selenium Yeast Market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). Western Europe has accounted as the largest market for Selenium Yeast due to the significant growth in the functional food industry. The APEJ and North America regions are expected to show significant growth rate over the forecast period.
The developing countries such as India, China, Australia and South Korea are anticipated to bolster the growth of selenium yeast market in APEJ region. In Western Europe region the countries such as Germany, Italy and U.K. dominate the Western Europe selenium yeast market.
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