Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Sodium Selenate Market by Type (Pharmaceutical Grade, Feed Grade, Other), By Application (Multivitamins, Livestock Feed, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Sodium Selenate Market by Type (Pharmaceutical Grade, Feed Grade, Other), By Application (Multivitamins, Livestock Feed, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 364521 4200 Chemical & Material 377 124 Pages 4.7 (35)
                                          

Market Overview:


The global sodium selenate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for multivitamins and livestock feed applications. Sodium selenate is used as an additive in multivitamins and livestock feed due to its nutritional benefits. It helps improve the overall health of animals and enhances their productivity. Additionally, rising awareness about the benefits of using sodium selenate is also propelling the growth of this market. However, stringent regulations regarding its use may hamper the growth of this market in some regions during the forecast period. On basis on type, pharmaceutical grade segment accounted for majority share in 2017 and it is projected to maintain its dominance during forecast period owing to growing demand from pharmaceutical industry for manufacturing drugs with better bioavailability & stability properties . On basis on application, Multivitamin segment accounted for largest share in 2017and it projectedto grow at highest CAGR over next 10 years owing high adoption rate across globe .


Global Sodium Selenate Industry Outlook


Product Definition:


A salt of selenium and sodium, it is used as a dietary supplement and in some skin creams. It has antioxidant properties.


Pharmaceutical Grade:


Pharmaceutical grade sodium selenite is a salt formed by mixing sodium selenate with selium. It has the ability to remove toxic elements from the body and is used in various medicines for this purpose. Pharmaceutical grade products are usually produced through a multi-step process, which includes extraction of Selenium, separation of unwanted materials, crystallization if required and lastly purification of product according to client requirements.


Feed Grade:


Feed grade is the highest quality available in sodium selenate market. It has high purity and contains less impurities as compared to any other grades. Feed grade is used for manufacturing various chemicals such as, selenium dioxide, sodium selenite, and others which are further used for various applications such as glass frits & glazes; rubber curing; photographic processing; pharmaceuticals & agrochemicals among others.


Application Insights:


The multivitamins segment dominated the global sodium selenate market in terms of revenue share in 2017. The product is widely used as a food additive for manufacturing dietary supplements. It also finds application as an ingredient for manufacturing pharmaceutical products and animal feed additives. In addition, it plays a key role in the production of water-soluble vitamins such as vitamin B6 and vitamin C due to its chemical structure. These aforementioned factors are anticipated to propel industry growth over the forecast period.


Livestock feed was another prominent segment that accounted for significant market share in 2017 owing to high demand from China, India.


Regional Analysis:


North America sodium selenate market is anticipated to grow at a significant rate over the forecast period. The growth of this region can be attributed to rising demand for nutritional products in countries, such as U.S., and Canada. Moreover, increasing prevalence of obesity coupled with growing awareness regarding health supplements is expected to drive the product demand in North America during the forecast period. Asia Pacific accounted for a major share owing to high production and consumption rates of feed grade sodium selenate in China and India respectively over the past few years.


Growth Factors:


  • Increasing demand from the agriculture sector for selenium-enriched fertilizers is expected to drive the growth of the sodium selenate market during the forecast period.
  • Sodium selenate is used as a feed additive in livestock farming, which is expected to fuel its demand in the near future.
  • Rising awareness about the health benefits of selenium is projected to boost demand for sodium selenate during the forecast period.
  • The increasing use of sodium selenate as an ingredient in dietary supplements and functional foods is anticipated to propel market growth over the next few years. 5) Growing research and development activities for new applications of sodium selenate are likely to create opportunities for this market during

Scope Of The Report

Report Attributes

Report Details

Report Title

Sodium Selenate Market Research Report

By Type

Pharmaceutical Grade, Feed Grade, Other

By Application

Multivitamins, Livestock Feed, Other

By Companies

Lasa Laboratory, Biosyn Arzneimittel, EstechPharma, Hubei Jusheng Technology

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

124

Number of Tables & Figures

87

Customization Available

Yes, the report can be customized as per your need.


Global Sodium Selenate Market Report Segments:

The global Sodium Selenate market is segmented on the basis of:

Types

Pharmaceutical Grade, Feed Grade, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Multivitamins, Livestock Feed, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Lasa Laboratory
  2. Biosyn Arzneimittel
  3. EstechPharma
  4. Hubei Jusheng Technology

Global Sodium Selenate Market Overview


Highlights of The Sodium Selenate Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Pharmaceutical Grade
    2. Feed Grade
    3. Other
  1. By Application:

    1. Multivitamins
    2. Livestock Feed
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Sodium Selenate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Global Sodium Selenate Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Sodium selenate is a salt that contains selenium. It is used in food as a preservative and to improve flavor.

Some of the major companies in the sodium selenate market are Lasa Laboratory, Biosyn Arzneimittel, EstechPharma, Hubei Jusheng Technology.

The sodium selenate market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Selenate 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 Selenate Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Sodium Selenate 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 Selenate 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 Selenate Market Size & Forecast, 2020-2028       4.5.1 Sodium Selenate Market Size and Y-o-Y Growth       4.5.2 Sodium Selenate Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Pharmaceutical Grade
      5.2.2 Feed Grade
      5.2.3 Other
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Multivitamins
      6.2.2 Livestock Feed
      6.2.3 Other
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Sodium Selenate 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 Selenate Market Size 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  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size 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  Market Size Forecast by Type
      9.6.1 Pharmaceutical Grade
      9.6.2 Feed Grade
      9.6.3 Other
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Multivitamins
      9.10.2 Livestock Feed
      9.10.3 Other
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      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  Market Size Forecast by Type
      10.6.1 Pharmaceutical Grade
      10.6.2 Feed Grade
      10.6.3 Other
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Multivitamins
      10.10.2 Livestock Feed
      10.10.3 Other
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size 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  Market Size Forecast by Type
      11.6.1 Pharmaceutical Grade
      11.6.2 Feed Grade
      11.6.3 Other
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Multivitamins
      11.10.2 Livestock Feed
      11.10.3 Other
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size 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  Market Size Forecast by Type
      12.6.1 Pharmaceutical Grade
      12.6.2 Feed Grade
      12.6.3 Other
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Multivitamins
      12.10.2 Livestock Feed
      12.10.3 Other
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size 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)  Market Size Forecast by Type
      13.6.1 Pharmaceutical Grade
      13.6.2 Feed Grade
      13.6.3 Other
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Multivitamins
      13.10.2 Livestock Feed
      13.10.3 Other
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Sodium Selenate Market: Competitive Dashboard
   14.2 Global Sodium Selenate Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Lasa Laboratory
      14.3.2 Biosyn Arzneimittel
      14.3.3 EstechPharma
      14.3.4 Hubei Jusheng Technology

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