PUNE, India, June 23, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Sodium Selenite Market by Grade (Food Grade, Pharmaceutical Grade, and Others), By Application (Feed Industry, Food Supplements, Pharmaceutical Industry, and Others), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was USD 141.22 Mn in 2022 and is expected to surpass USD2211.11 Mn expanding at a CAGR of 10.5 % by the end of 2031. The market is attributed to the safety and efficacy of sodium selenite as a rich source of selenium for various animal species.
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.
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The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include grade, application, and competitor analysis.
This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.
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Regional Highlights:
On the basis of region, the global sodium selenite market is classified as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is projected to dominate the global market, due to the increasing government investments in medical technology and development.
Asia Pacific is expected to be a rapidly growing region in the global market during the projected period, owing to the rising demand for high-content imaging in the region.
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Key Takeaways from the Study:
- Sodium selenite is prepared by evaporating an aqueous solution of selenious acid and sodium hydroxide at 60° to 100° C temperature.
- Sodium selenite is mainly used in the manufacturing of colorless glass and is a water-soluble selenium. It is used in biological research as a rich source of selenium.
- Sodium selenite helps in restoring the capacity of antioxidant of bone marrow mesenchymal stem cells (BMSCs).
- Selenium has biological functions that help in preventing cancer, infertility, and cardiovascular disorders, these health benefits are anticipated to fuel the market during the forecast period.
- Rising utilization of sodium selenite in cell proliferation studies and cancer research is likely to create lucrative opportunities for market players.
- The food grade segment is projected to expand at the fastest CAGR during the forecast period, as sodium selenite is used in the production of yeast-leavened bread.
- The feed industry segment is anticipated to hold a major share of the market, as it is a crucial part of tracing element premixes for pets and livestock.
Read 196 Pages Research Report with Detailed TOC on "Global Sodium Selenite Market Segments - by Grade (Food Grade, Pharmaceutical Grade, and Others), By Application (Feed Industry, Food Supplements, Pharmaceutical Industry, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 - 2031"
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Key Segments Covered
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
Other Related Reports:
- Pharma Grade Sodium Hydroxide Market Segments - by Type (Liquid Sodium Hydroxide and Solid Sodium Hydroxide), Application (Pharmaceutical, Biotechnology, and Scientific Research), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
- Sodium Selenite Powder Market by Type (Feed Grade, Industry Grade, Food Grade, Pharmaceutical Grade, Other), By Application (Food, Feed, Chemical Industry, Glass Manufacturing, Pharmaceuticals, Agriculture, Other), By Distribution Channel (Online, Offline), By End-User (Residential, Commercial, Industrial) And By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa), Forecast From 2023 To 2031
- Pharmaceuticals Sodium Hydroxide Market by Type (Liquid Sodium Hydroxide, Solid Sodium Hydroxide, Granular Sodium Hydroxide), By Application (Pharmaceutical, Biotechnology, Scientific Research) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
- Selenium Derivatives Market by Type (Sodium Selenite, Zinc Selenite, Other), By Application (Feed Additives, Food Industry, Glass Industry, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030
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