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Sodium Selenite Market Size, Analysis, Share & Forecast 2031

Sodium Selenite Market

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Segments - by Grade (food grade, pharmaceutical grade, and others), By Application (Feed industry, food supplements, pharmaceutical industry, and others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031

MC-5284
4.4 Rating
196 Pages

11-05-2023
78 Reviews

Author:

Riddhesh Dani

Fact-checked by:

Harneet Meher

Editor:

Shruti Bhat

Report Description

The global sodium selenite market size was estimated at USD 127.8 Million in 2022 and is anticipated to reach USD 257.4 Million by 2031, expanding at a CAGR of 8.3% during the forecast period.

Selenium and sodium combine chemically to form sodium selenite. It is the most prevalent kind of selenium that is water soluble. Sodium selenite is mainly used in the production of colorless glass. Sodium selenite is prepared by evaporating an aqueous solution of sodium hydroxide and selenious acid at a temperature of 60° to 100° C or by heating a mixture of sodium chloride and selenium oxide. Sodium selenite is generally used as a source of selenium in biological research, where selenium is an essential trace element that is provided by serum.

Macro-economic Factors

Rising GDP of Emerging Economies

An emerging market economy refers to a country that is in the process of development. Countries such as Brazil, Russia, India, China (BRIC), and other countries in Latin America & Southeast Asia are key developing economies.

The economic growth of emerging countries is typically growing by 6% to 7% annually, whereas countries with an already well-established economy report growth rate below 3%. Therefore, the GDP growth rates for emerging market economies are outperforming those of developed countries. Thus, the rising GDP of major & emerging economies plays a crucial role in the expansion of the market.

Governmental Regulation

The chemical industry is one of the most regulated of all industries. In addition to the regulation of its products, it is subjected to a number of requirements and regulations by governments aimed at minimizing the release of chemical substances during manufacturing and processing as well. The chemicals industry in developed countries has made good progress in reducing emissions.

The increasing use of chemicals in developing countries contaminates the environment. Developing countries are transitioning to a large scale of chemical production and consumption, these changes have potential implications on human health. Thus, chemical companies are shifting to green product design principles for their business growth.

Sodium Selenite Market Dynamics

Sodium selenite (Na2SeO3) helps in the stimulation of the cellular immune system. It prevents angiogenesis and aids in repairing DNA damage. However, the direct activation of natural killer (NK) cells by this substance plays a significant role in the fight against cancer. Sodium selenite inhibits the disulfide exchange on the surface of cancer cell membranes and makes it susceptible to the destructive activity of phagocytic cells.

Sodium selenite helps in restoring the antioxidant capacity of bone marrow mesenchymal stem cells (BMSCs) and reduces the production of reactive oxygen species (ROS) in the cells, promotes cell proliferation, and inhibits cell apoptosis.

The biological function of selenium is centered on the prevention of cancer, cardiovascular disease, and infertility. Thus, health benefits associated with the consumption of sodium selenite are expected to drive the growth of the market during the forecast period.

Market Driver- Usage of Sodium Selenite in Animal Nutrition

Sodium selenite is considered to be a safe and efficacious source of selenium for all animal species/categories. The intestinal availability of selenium is decreased when sodium selenite is converted to non-absorbable elemental selenium in the rumen. The addition of dietary-coated sodium selenite can help dairy cows produce extra milk.

Ascorbic acid reacts with sodium selenite in feed, reducing it to an elemental form that is inaccessible to living organisms in the digestive tract. When selenite is mixed with feeds with a lot of water activity, it transforms into the volatile form seleniferous acid and can evaporate. Thus, usage of sodium selenite in animal nutrition drives the growth for the market

Market Restraint- Harmful Effects Associated with Sodium Selenite

Excessive intake of sodium selenite causes toxicity, which leads to ailments such as hair & nail loss, fatigue, nervous system disorders, and irritability. Breathing sodium selenite irritates the nose, throat, and lungs causing coughing, wheezing, and shortness of breath.

Long-term exposure damages the red blood cells causing anemia, which means low blood count. Increased use of sodium selenite in pet food can be toxic to the blood, kidneys, liver, skin, and central nervous system of pet animals. The toxicity of selenium compounds, especially sodium selenite, is considered to be related to its pro-oxidant properties.

Market Opportunity- Rising research and development activities

Sodium selenite is used as a source of selenium in biological research, where selenium is an important trace element that is normally provided by serum. Selenium is present in selenoproteins such as glutathione peroxidase and thioredoxin reductase, which includes the selenium analog of cysteine and selenocysteine.

Sodium selenite is included in medium supplements for use in cell culture. Moreover, Sodium selenite has been utilized in studies of cell proliferation and cancer research. It has been used to alter gene expression in HepG2 cells, as analyzed by cDNA microarrays.

Scope of Sodium Selenite Market Report

The report on the global Sodium Selenite market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Sodium Selenite Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Grade (food grade, pharmaceutical grade, and others), Application (food supplements, feed industry, pharmaceutical industry, and others)
Regional Scope	Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	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

Sodium Selenite Market Segment Insights

On the basis of grade, the market is segmented into food grade, pharmaceutical grade, and others. others are further subdivided feed grade, industry grade and reagent grade. The food grade segment is projected to expand at a considerable pace during the forecast period, owing to usage of sodium selenite during the production of yeast-leavened bread.

Based on Application, the market is fragmented into food supplements, feed industry, pharmaceutical industry, and others. The feed industry segment is expected to grow at a rapid pace in 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.

Regional Analysis

Based on regions, the market is separated into namely, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The market in North America is expected to hold a 32.7% share of the market in the year 2022. The presence of key market players and rapid developments in healthcare in the region is expected to drive the market in North America in the coming years.

The market in Europe is projected to expand at 8.7% of CAGR during the forecast period, as the growing use of sodium selenite in animal feed and supplements in the region.

The market in Asia Pacific is expected to register 8.8% of CAGR during the forecast period, owing to the increasing production and export of sodium selenite in the region.

Latin America and the Middle East & Africa (MEA) are anticipated to hold a 10.4% share of the market in the year 2022, due to the increased use of sodium selenite as decolorizing agent for glass in these regions.

Key Benefits for Industry Participants & Stakeholders

In-depth Analysis of the Global Sodium Selenite Market
Historical, Current, and Projected Market Size in terms of Value
Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
Industry Drivers, Restraints, and Opportunities Covered in the Study
Recent Industry Trends and Developments
Competitive Landscape & Strategies of Key Players
Neutral Perspective on Global Sodium Selenite Market Performance

Segments

Grade

Food Grade
Pharmaceutical Grade
Others

Application

Food Supplement
Feed Industry
Pharmaceutical Industry
Others

Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Market Players Profiled in the Report

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.

Competitive Landscape

Manufacturers operating 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.Market Players are pursuing key strategies such as collaborations, mergers & acquisitions, and geographic expansion where a potential opportunity rises for the global Sodium Selenite market.

Table Of Content

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Selenite Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Sodium Selenite Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Sodium Selenite Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Sodium Selenite Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Sodium Selenite Market Size & Forecast, 2016-2031
      4.5.1 Sodium Selenite Market Size and Y-o-Y Growth
      4.5.2 Sodium Selenite Market Absolute $ Opportunity
Chapter 5 Global Sodium Selenite Market Analysis and Forecast By Grade
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Grade
      5.1.2 Basis Point Share (BPS) Analysis By Grade
      5.1.3 Absolute $ Opportunity Assessment By Grade
   5.2 Sodium Selenite Market Size & Volume Forecast By Grade
      5.2.1 Food Grade
      5.2.2 Pharmaceutical Grade
      5.2.3 Others
   5.3 Market Attractiveness Analysis By Grade
Chapter 6 Global Sodium Selenite Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Sodium Selenite Market Size & Volume Forecast By Application
      6.2.1 Food Supplement
         6.2.1.1 Baby Food Supplements
         6.2.1.2 Others
      6.2.2 Feed Industry
      6.2.3 Pharmaceutical Industry
      6.2.4 Others
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Sodium Selenite Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Sodium Selenite Market Size & Volume Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Sodium Selenite Analysis and Forecast
   9.1 Introduction
   9.2 North America Sodium Selenite Market Size & Volume Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Sodium Selenite Market Size & Volume Forecast By Grade
      9.6.1 Food Grade
      9.6.2 Pharmaceutical Grade
      9.6.3 Others
   9.7 Basis Point Share (BPS) Analysis By Grade
   9.8 Absolute $ Opportunity Assessment By Grade
   9.9 Market Attractiveness Analysis By Grade
   9.10 North America Sodium Selenite Market Size & Volume Forecast By Application
      9.10.1 Food Supplement
         9.10.1.1 Baby Food Supplements
         9.10.1.2 Others
      9.10.2 Feed Industry
      9.10.3 Pharmaceutical Industry
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Sodium Selenite Analysis and Forecast
   10.1 Introduction
   10.2 Europe Sodium Selenite Market Size & Volume Forecast by Country
      10.2.1 Germany
         10.2.1.1 By Grade
         10.2.1.2 By Application
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Sodium Selenite Market Size & Volume Forecast By Grade
      10.6.1 Food Grade
      10.6.2 Pharmaceutical Grade
      10.6.3 Others
   10.7 Basis Point Share (BPS) Analysis By Grade
   10.8 Absolute $ Opportunity Assessment By Grade
10.9 Market Attractiveness Analysis By Grade
   10.10 Europe Sodium Selenite Market Size & Volume Forecast By Application
      10.10.1 Food Supplement
         10.10.1.1 Baby Food Supplements
         10.10.1.2 Others
      10.10.2 Feed Industry
      10.10.3 Pharmaceutical Industry
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Sodium Selenite Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Sodium Selenite Market Size & Volume Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Sodium Selenite Market Size & Volume Forecast By Grade
      11.6.1 Food Grade
      11.6.2 Pharmaceutical Grade
      11.6.3 Others
   11.7 Basis Point Share (BPS) Analysis By Grade
   11.8 Absolute $ Opportunity Assessment By Grade
   11.9 Market Attractiveness Analysis By Grade
   11.10 Asia Pacific Sodium Selenite Market Size & Volume Forecast By Application
      11.10.1 Food Supplement
         11.10.1.1 Baby Food Supplements
       11.10.1.2 Others
      11.10.2 Feed Industry
      11.10.3 Pharmaceutical Industry
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Sodium Selenite Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Sodium Selenite Market Size & Volume Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Sodium Selenite Market Size & Volume Forecast By Grade
      12.6.1 Food Grade
      12.6.2 Pharmaceutical Grade
      12.6.3 Others
   12.7 Basis Point Share (BPS) Analysis By Grade
   12.8 Absolute $ Opportunity Assessment By Grade
   12.9 Market Attractiveness Analysis By Grade
   12.10 Latin America Sodium Selenite Market Size & Volume Forecast By Application
      12.10.1 Food Supplement
         12.10.1.1 Baby Food Supplements
         12.10.1.2 Others
      12.10.2 Feed Industry
      12.10.3 Pharmaceutical Industry
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Sodium Selenite Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Sodium Selenite Market Size & Volume Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Sodium Selenite Market Size & Volume Forecast By Grade
      13.6.1 Food Grade
      13.6.2 Pharmaceutical Grade
      13.6.3 Others
   13.7 Basis Point Share (BPS) Analysis By Grade
   13.8 Absolute $ Opportunity Assessment By Grade
   13.9 Market Attractiveness Analysis By Grade
   13.10 Middle East & Africa (MEA) Sodium Selenite Market Size & Volume Forecast By Application
      13.10.1 Food Supplement
         13.10.1.1 Baby Food Supplements
         13.10.1.2 Others
      13.10.2 Feed Industry
      13.10.3 Pharmaceutical Industry
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Sodium Selenite Market: Competitive Dashboard
   14.2 Global Sodium Selenite Market: Market Share Analysis, 2022
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Aurubis AG (RETORTE GmbH Selenium Chemicals & Metals)
      14.3.2 Coherent, Inc
      14.3.3 Orffa
      14.3.4 Sisco Research Laboratories Pvt. Ltd
      14.3.5 Quality Chemicals S.L
      14.3.6 Vital Materials Co., Limited
      14.3.7 Global Calcium PVT LTD
      14.3.8 MP BIOMEDICALS
      14.3.9 American Elements
      14.3.10 Otto Chemie Pvt. Ltd

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FAQ Section

Some frequently asked quetions about this report!

1. Which is the base year calculated in the global Sodium Selenite market report and what is the analysis period?

The base year considered for the Global Sodium Selenite Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.

2. What additional data analysis is available in a report?

In addition to market size (in US$ Million), Company Market Share (in % for the base year 2021), macroeconomic factors, and supply chain analysis.

3. What is the impact of COVID-19 on the overall market during the years 2019 -2020?

Governments imposed various restrictions on trade and commerce, which affected various sectors negatively. Governments imposed lockdowns across the globe, which negatively affected the sodium selenite market. Manufacturing plants are labor-intensive, as a majority of operations cannot be done remotely. Companies implemented shifts and safe distance policies between workers to address social distancing concerns.

4. Who are the major players operating in the market?

Major manufacturers 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.

5. Which macroeconomic factors affect the market?

Factors such as Rising GDP of Emerging Economies, Governmental Regulations and R&D Activities are considered as macroeconomic factors for the report.

6. How big will be the global Sodium Selenite market in 2030?

According to this Growth Market Reports report, the Global Sodium Selenite Market is likely to register a CAGR of 8.3% during the forecast period 2020-2030, with a projected valuation of USD 257.4.0 Million by the end of 2031.

7. What are the factors driving the growth of the global Sodium Selenite market?

Health Benefits Associated with the Consumption of Sodium Selenite, Usage of Sodium Selenite in Animal Nutrition, and Increasing Application of Sodium Selenite in the Glass Industry are the factors expected to drive the market growth during the forecast period.