The Global Chelated Selenium Market size is anticipated to grow at a CAGR of around 4% during the forecast period and is expected to reach USD 5.4 Billion by 2028. The factors that are driving the growth of this market include increasing demand for organic products and rising awareness about health benefits associated with selenium. However, stringent regulatory norms and a lack of technical know-how may hamper the growth prospects of this market over the next few years.
The term "selenium" refers to a naturally occurring mineral that is essential for the production of selenoproteins. Selenoproteins are proteins containing one or more selenium-containing amino acid residues, with an associated enzyme activity including antioxidant and anti-inflammatory properties. In order to be fully absorbed by the human body, it requires chelation which can be achieved either through organic molecules (e.g., sulfate) or inorganic substances such as sodium selenite, lithium selenide phenylsulfonephthalein disulphonic acid [PDS].
Chelated Selenium is used in the feed industry to promote growth, manage disorders and reduce diseases. It can also be utilized as a nutritional supplement for those who cannot consume the right levels of selenium through diet alone. In addition, it enhances immune function and protects against oxidative stress that often occurs due to poor diets or other lifestyle factors like smoking.
The functional food market has begun to take note of this unique antioxidant which helps maintain normal cholesterol levels while providing protection from free radicals and oxidation damage associated with diabetes, cancer cells, and cardiovascular disease (e.g., atherosclerosis). There are some sources indicating that certain antioxidants may have benefits on neurological functions related to cognition but more research is needed into how Chelated Selenium impacts.
On the basis of Type, the market is segmented into Organic and Inorganic. Organic is projected to expand at a higher CAGR than Inorganic during the forecast period. This trend can be attributed to increased demand from countries that are increasing their awareness towards organic food products or those that have banned synthetic fertilizers.
Organic Selenium compounds are made up of selenium and a functional group. They have an organic moiety that is carbon-based, usually alkoxy or thioether groups. Organic Chelated Selenium includes such as Se-methylselenocysteine (MSC), Diselenide, Methylseleniourea, Triselenic acid, and Dimethylethylene selenoxide.
Organic selenium compounds are found in food, feed, and functional foods. Organic Chelated Selenium can be used as an antioxidant to protect cells from damage caused by free radicals. It may also help maintain normal heart function, promote healthy skin and hair growth, enhance immune system functions or increase sperm motility. It is not only effective for humans but also for animals such as poultry and pigs that consume it when they eat grains containing organic chelates of selenium-rich proteins (such as wheat). In 2016, there were no commercial sources available which use this type of organic chelated selenium compound in livestock feeds; however, some companies are expected to release products soon because its use is anticipated to reduce environmental pollution by decreasing the use of inorganic selenium.
Inorganic Chelated Selenium is an organic compound of metal and sulfur. The most common example is selenite, which consists of one molecule of inorganic selenium bound to two molecules of acid hydrogen sulfide (H-S). It can be synthesized by the reaction between sodium hydride (NaH) and elemental selenium. Inorganic Chelated Selenium is used as a pest control agent in animal feed, metalworking fluid, flame retardant, and mainly for health supplements.
Inorganic chelated selenium may be at higher risk than organic since it consists of one molecule of inorganic selenium bound to two molecules of sulfuric acid (H-S). However, the most common example is that it can be synthesized by a reaction between sodium hydride (NaH) and elemental selenium. It's also found in animal feeds as well as other applications.
On the basis of Application, the market is segmented into the Feed industry, Functional Food, and others. The Feed Industry segment is estimated to have significant growth in the Global Chelated Selenium market during the forecast period. The need for feed additives has increased not only due to higher awareness about organic food but also due to heavy regulations and certification requirements are being imposed by organizations such as the U.S Department of Agriculture (USDA).
On the basis of Region, the market is segmented, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region currently has the largest share in Global Chelated Selenium Market due to its widespread availability of raw materials for selenium production as well as stringent regulations on feed additives such as chelated selenium.
The European market has a significant share in the overall market due to stringent regulations on feed additives. The Asia Pacific region has been witnessing a high growth rate during the forecast period, which is anticipated to be driven by an increase in awareness towards organic food and rising demand for processed foods, among other factors.
Latin America will exhibit steady growth with increasing consumption of manufactured foods that are rich in certain micronutrients like selenium. The Middle East & Africa region will grow at an unimaginable pace because of its vast availability of raw materials required for the production of Chelated Selenium products thus making it one of the most promising regions for this type of product over the next few years.
Up Market Research published a new report titled “Chelated Selenium Market research report which is segmented by Types (Organic, Inorganic), By Applications (Feed Industry, Functional Food, Others), By Players/Companies Watson, Spectrum Laboratory Products, Jost Chemical, Salvi Chemical Industries, Vitex Nutrition, Sumitomo Metal Mining, Mitsubishi, Shanghai Redbrillian Chemical, Norilsk Nickel, Jinchuan, JX Nippon Mining & Metals, Guangzhou Fineton Nonferrous, Nutri-West”.
|Report Attributes||Report Details|
|Report Title||Chelated Selenium Market Research Report|
|By Type||Organic, Inorganic|
|By Application||Feed Industry, Functional Food, Others|
|By Companies||Watson, Spectrum Laboratory Products, Jost Chemical, Salvi Chemical Industries, Vitex Nutrition, Sumitomo Metal Mining, Mitsubishi, Shanghai Redbrillian Chemical, Norilsk Nickel, Jinchuan, JX Nippon Mining & Metals, Guangzhou Fineton Nonferrous, Nutri-West|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||204|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Organic, Inorganic and By Application Feed Industry, Functional Food, Others.
Some of the companies that are profiled in this report are:
Chelated Selenium Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chelated Selenium 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 2028.
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