According to a recent market study published by Growth Market Reports, titled, “Global Sodium Selenite Market is segmented into by grade, by application and by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at US$ 127.8 Million in 2022 and is expected to grow at a growth rate of 8.3 % by the year 2031.

Sodium Selenite is an inorganic form of the trace element selenium with probable antineoplastic activity. Selenium is administered in the form of sodium selenite and is reduced to hydrogen selenide (H2Se) in the presence of glutathione (GSH). It can generate superoxide radicals by reacting with oxygen.

This can constrain the expression and activity of the transcription factor Sp1. Successively, Sp1 down-regulates androgen receptor (AR) expression and blocks AR signaling. Selenium can induce apoptosis in prostate cancer cells and inhibit tumor cell proliferation.

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On the basis of grade, the global Sodium Selenite market is segregated into Food Grade, Pharmaceutical Grade, and Others. Others include feed grade, industry grade and reagent grade sodium selenite. The pharmaceutical grade segment is projected to hold a significant share of the market during the forecast period, as it helps in activating anticancer agents, prevents heart & vascular diseases, and stimulates the immune system.

Based on application, the global Sodium Selenite market is classified into food supplements, feed industry, pharmaceutical industry, and others. Food supplement segment is further divided into baby food supplements and others. The feed industry segment is expected to grow at a rapid pace in the coming years, owing to the use of sodium selenite as a feed additive. It is an essential part of trace element premixes for livestock as well as pets.

The outbreak of coronavirus disease in 2019 (COVID-19) had a moderately negative impact on the global Sodium Selenite market. Due to restrictions and the closure of global industries, manufacturers of sodium selenite were negatively affected during the pandemic. Manufacturing units were shut down. The closure of many manufacturing plants and distributor companies during the COVID-19 crisis affected the sodium selenite market. COVID-19 hampered the supply side due to travel and transport restrictions imposed by countries like China and the US.

As per Growth Market Reports by industry analyst Divyanka Sankhe, “Increased health benefits associated with the consumption of sodium selenite, rising consumption of sodium selenite in feed additives, and increasing application of sodium selenite in the glass industry are some major factors expected to drive the growth of the global sodium selenite market during the forecast period.

Supply chain management is an essential part of any business. A supply chain contains a series of steps to get products from their original state to the customers. Raw materials used for manufacturing Sodium Selenite are shipped to manufacturers to be processed into final products. Quality checks are performed throughout the production process by manufacturers to ensure the quality of the product.

Key Takeaways from the Study

The players in the global Sodium Selenite market include Aurubis AG (RETORTE GmbH Selenium Chemicals & Metals), Coherent, Inc, Orffa, Sisco Research Laboratories Pvt. Ltd, Quality Chemicals S.L, Vital Materials Co., Limited, Global Calcium PVT LTD, MP BIOMEDICALS, American Elements, Otto Chemie Pvt. Ltd.

Report Metric

Details

Market Value in 2022

US$ 127.8 Million

Market Growth Rate (from 2023 to 2030)

8.3%

Historical Data

2016-2021

Base Year

2022

Forecast Period

2023 – 2031

Units Considered

Value (US$ Million)

Market Segments

By Grade, By Application and By Region

Key Companies Profiled

Aurubis AG (RETORTE GmbH Selenium Chemicals & Metals), Coherent, Inc, Orffa, Sisco Research Laboratories Pvt. Ltd, Quality Chemicals S.L, Vital Materials Co., Limited, Global Calcium PVT LTD, MP BIOMEDICALS, American Elements, Otto Chemie Pvt. Ltd

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Supply-side: Manufacturer and distributors.
  • Demand Side: food supplement, feed industry, pharmaceutical industry, glass industry, others
  • Regulatory Side: Approved regulatory bodies.
  • Associations and Industry Bodies: REACH, OECD, ECHA, USFDA.