Global Selenium Market, Trends & Growth Opportunities, By Form (Organic Selenium, Inorganic Selenium), By Application (Food & Beverage, Healthcare & Pharmaceuticals, Agriculture, Others), By Region and Forecast till 2030.
Global Selenium Market
The Global Selenium Market was valued at USD 1725 Mn in 2022 and is expected to expand to USD 2670.85 Mn by 2030 at a CAGR of 4.85% during the forecast period of 2023-2030.
Selenium is an essential micronutrient for humans, animals, and plants, which means that it is required in very small amounts for normal physiological functioning. It plays an important role in the human body as an antioxidant and a component of various enzymes that are involved in the protection against oxidative damage, thyroid hormone metabolism, and immune system function. Selenium is also important for the proper functioning of the male reproductive system and has been associated with reducing the risk of certain types of cancer, such as prostate cancer. Selenium is found in many foods, including Brazil nuts, seafood, whole grains, meat, and eggs.
Market Drivers
The market for selenium is mainly driven by its increasing use in various applications, such as agriculture, healthcare, electronics, glass, and ceramics. In agriculture, selenium is used as a micronutrient to improve crop yields and enhance the nutritional quality of crops. The increasing demand for selenium supplements in the healthcare sector due to their potential health benefits, such as reducing the risk of cancer and improving thyroid function, is also driving the market.
The growing use of selenium in the electronics industry as a component in photovoltaic cells and other electronic devices is another major factor driving the market growth. Additionally, the use of selenium in the glass and ceramics industry for the production of color pigments and glass coatings is further propelling the market growth.
Market Restraint
The global selenium market faces the main challenge of the potential health risks associated with excessive selenium consumption. In some cases, high levels of selenium intake have been linked to adverse health effects, such as hair and nail loss, gastrointestinal disturbances, and neurological abnormalities. The market is also susceptible to the fluctuation of selenium prices in the global market.
Additionally, the availability of substitute products such as vitamins and minerals may hinder the growth of the selenium market. Moreover, the lack of awareness among consumers about the health benefits of selenium and its sources may also limit market growth.
Market Segmentation
The global selenium market is segmented by forms, such as organic selenium and inorganic selenium. Based on application, the global selenium market is segmented into food & beverage, healthcare & pharmaceuticals, agriculture, and others.
Regional Analysis
The Asia-Pacific region is currently dominating the global selenium market, accounting for the largest market share. This is mainly due to the increasing demand for dietary supplements and animal feed additives in emerging economies such as China and India. Additionally, the high demand for selenium in the electronics industry, particularly in countries like China, South Korea, and Japan, is further driving the market growth in this region. 
North America and Europe are also significant contributors to the global selenium market, mainly due to the high adoption of selenium supplements and the presence of major players in the region. However, the growth rate in these regions is relatively slower compared to Asia Pacific due to market saturation and increased competition.
Key Players
Umicore, Retorte GmbH & Co KG, American Elements, Sigma-Aldrich Corporation, Yunnan Copper Science & Technology Co Ltd, Vital Materials Co Ltd, Promega Corporation, Gelest Inc, Chempure Private Limited, Loba Chemie Pvt Ltd, Hindalco Industries, Elementis plc, Alfa Aesar, Jost Chemical Co, Strem Chemicals Inc, City Chemical LLC, Sumitomo Metal Mining.
Market Taxonomy
By Form
•        Organic Selenium
•        Inorganic Selenium
By Application
•        Food & Beverage
•        Healthcare & Pharmaceuticals
•        Agriculture
•        Others
By Region
•        North America (USA, Canada, Mexico)
•        Europe (Germany, France, UK, Rest of Europe)
•        Asia Pacific (China, India, Japan, Rest of Asia Pacific)
•        Latin America (Brazil, Rest of Latin America)
•        Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa)

Global Selenium Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Selenium Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Selenium Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Global Selenium Market Share Analysis, By Form
5.3 Global Selenium Market Size and Forecast, By Form
5.3.1 Organic Selenium
5.3.2 Inorganic Selenium
6 Global Selenium Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Selenium Market Share Analysis, By Application
6.3 Global Selenium Market Size and Forecast, By Application
6.3.1 Food & Beverage
6.3.2 Healthcare & Pharmaceuticals
6.3.3 Agriculture
6.3.4 Others
7 Global Selenium Market, By Region
7.1 Global Selenium Market Share Analysis, By Region
7.2 Global Selenium Market Size and Forecast, By Region
8 North America Selenium Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Selenium Market Share Analysis, By Form
8.3 North America Selenium Market Size and Forecast, By Application
8.4 North America Selenium Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Selenium Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Selenium Market Share Analysis, By Form
9.3 Europe Selenium Market Size and Forecast, By Application
9.4 Europe Selenium Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Selenium Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Selenium Market Share Analysis, By Form
10.3 Asia Pacific Selenium Market Size and Forecast, By Application
10.4 Asia Pacific Selenium Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
11 Latin America Selenium Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Selenium Market Share Analysis, By Form
11.3 Latin America Selenium Market Size and Forecast, By Application
11.4 Latin America Selenium Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Selenium Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Selenium Market Share Analysis, By Form
12.3 Middle East Selenium Market Size and Forecast, By Application
12.4 Middle East Selenium Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
15.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Umicore
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Retorte GmbH & Co KG
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 American Elements
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Sigma-Aldrich Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Yunnan Copper Science & Technology Co Ltd
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Vital Materials Co Ltd
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Promega Corporation
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Gelest Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Chempure Private Limited
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Loba Chemie Pvt Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
14.11 Hindalco Industries
14.11.1 Overview
14.11.2 Offerings
14.11.3 Key Financials
14.11.4 Business Segment & Geographic Overview
14.11.5 Key Market Developments
14.11.6 Key Strategies
14.12 Elementis plc
14.12.1 Overview
14.12.2 Offerings
14.12.3 Key Financials
14.12.4 Business Segment & Geographic Overview
14.12.5 Key Market Developments
14.12.6 Key Strategies
14.13 Alfa Aesar
14.13.1 Overview
14.13.2 Offerings
14.13.3 Key Financials
14.13.4 Business Segment & Geographic Overview
14.13.5 Key Market Developments
14.13.6 Key Strategies
14.14 Jost Chemical Co
14.14.1 Overview
14.14.2 Offerings
14.14.3 Key Financials
14.14.4 Business Segment & Geographic Overview
14.14.5 Key Market Developments
14.14.6 Key Strategies
14.15 Strem Chemicals Inc
14.15.1 Overview
14.15.2 Offerings
14.15.3 Key Financials
14.15.4 Business Segment & Geographic Overview
14.15.5 Key Market Developments
14.15.6 Key Strategies
14.16 City Chemical LLC
14.16.1 Overview
14.16.2 Offerings
14.16.3 Key Financials
14.16.4 Business Segment & Geographic Overview
14.16.5 Key Market Developments
14.16.6 Key Strategies
14.17 Sumitomo Metal Mining
14.17.1 Overview
14.17.2 Offerings
14.17.3 Key Financials
14.17.4 Business Segment & Geographic Overview
14.17.5 Key Market Developments
14.17.6 Key Strategies