The global Sodium Selenite Market was valued at USD 45.2 million in 2022 and is anticipated to reach USD 97.74 million by 2032, exhibiting a compound annual growth rate (CAGR) of 9% throughout the forecast period. This increasing market size can be primarily attributed to several significant factors. These factors encompass the rising demand for sodium selenite in food and feed supplements, heightened concerns regarding Selenium deficiency and its impact on health, and the expanding use of sodium selenite within the glass industry.
Sodium selenite, acknowledged as a critical micronutrient, plays a substantial role in various biological processes, including support for the immune system and metabolic functions. Consequently, there is a growing need for sodium selenite in dietary supplements for animals. Its inclusion in animal feed acts as a preventive measure against Selenium deficiency, which can lead to complications in the immune system, muscle weakness, and reproductive issues. The increasing demand for high-quality animal protein is driving the requirement for sodium selenite in animal feed.
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Top Leading Players:
- Alfa Aesar
- American Elements
- Baoding Yutong Zinc Industry Co. Ltd
- Carbon Group
- Jost Chemical Co.
- Noah Technologies Corporation
- Química del Rey S.A. de C.V.
- Spectrum Chemical Manufacturing Corp.
- Triveni Chemicals
- Xi’an Unique Electronic Chemical Co., Ltd.
Further key findings from the report suggest
- Sodium selenite is broadly used in the glass manufacturing industries as this chemical compound is used to remove the green colored tints from glass. The pinkish pyramidal dianion helps in eliminating the green tint from glass while processing. Hence, this chemical compound is predominantly used in the manufacture of the clear glass used in various end-uses. Rising importance of the glass-based centralized air-conditioned commercial high rise building can be a potential propeller of this market.
- Growing penetration of the online retailing businesses for the food items, especially in the emerging nations in Asia Pacific continent, is helping the market grow by broadening the outreach of the sellers in the areas where the scarcity of the offline vendors is observed. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline store retailing. The online retailing is expected to grow at the highest CAGR of 6.3% throughout the forecast period.
- North America, with its high demand sodium selenite based dietary supplements, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 5.8% during the forecast period.
- As a micronutrient or multivitamin supplier, sodium selenite owns multiple biological functions that includes vitamins accumulation, electron transfer in cell and bloods, body metabolism regulation, reproductive function of both humans and animals, antiaging effects, anti-wrinkle effects, free radical scavenging, and antagonism of toxic elements, among others, are some of the beneficial factors that plays an important role in improvement of the immune system of the body.
Segments covered in the report:
By Grade Outlook:
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
By Application Outlook:
- Animal Feed
- Food Beverage
- Pharmaceutical
- Agriculture
- Others
Regional scope: North America; Europe; Asia Pacific; Latin America; Middle East Africa
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