Sodium Selenite Market 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
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
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