The sodium selenite market revenue growth is also significantly influenced by the glass sector.
The global Sodium Selenite Market size was USD 45.2 million in 2022 and is expected to reach USD 97.74 million in 2032 growing at a CAGR of 9% during the forecast period. This upward trajectory in market size is primarily attributed to several key factors, including the increasing demand for sodium selenite in food and feed supplements, heightened concerns about Selenium deficiency in maintaining health, and the growing utilization of sodium selenite in the glass industry.
Sodium selenite, recognized as a crucial micronutrient, plays a significant role in various biological processes, encompassing immune system support and metabolic functions. Consequently, there is a growing necessity for sodium selenite in dietary supplements for animals. Its utilization in animal feed serves as a preventive measure against Selenium deficiency, which can lead to immune system complications, muscle weakness, and reproductive issues. The surge in the demand for high-quality animal protein is propelling 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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