Selenium Market Report 2026

The selenium market size has grown strongly in recent years. It will grow from $0.25 billion in 2025 to $0.27 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increasing copper ore processing activities, availability of selenium as a by-product, growth of glass and pigment industries, rising use of selenium in metallurgy, development of mining extraction technologies.

The selenium market size is expected to see rapid growth in the next few years. It will grow to $0.4 billion in 2030 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increasing demand from electronics manufacturing, expansion of renewable energy technologies, rising use of selenium in pharmaceuticals, growing focus on resource recovery optimization, increasing investments in advanced refining processes. Major trends in the forecast period include increasing recovery of selenium from copper refining, rising demand for high-purity selenium compounds, growing use of automated mining equipment, expansion of selenium applications in electronics, enhanced focus on trace element recovery efficiency.

The rising population is expected to drive the growth of the selenium market. Increasing population refers to the growth in the total number of people living in a specific area, region, or country, resulting in demographic expansion. The growing global population boosts demand for selenium due to its role in supporting human health and nutrition, leading to higher consumption in food production and dietary supplements. For example, in July 2024, the United Nations Office at Geneva, a UN-based intergovernmental organization, reported that the global population reached nearly 8.2 billion by mid-2024 and is projected to increase by another two billion to around 10.3 billion by the mid-2080s, indicating continued population growth beyond 2023. Thus, the rising population is propelling the growth of the selenium market.

Prominent companies within the selenium market are intensifying their efforts to establish new mining facilities. These specialized sites encompass diverse processes, equipment, and infrastructure to extract, process, and refine minerals and valuable resources. For instance, in September 2023, Kazakhmys Progress LLP, in collaboration with Russian scientists, spearheaded a pioneering method for manufacturing premium-grade selenium. Their recently launched plant in Balkhash has the capacity to annually produce 75 tons of high-purity selenium. This cutting-edge technology, surpassing conventional methods in efficiency and environmental impact, enables Kazakh scientists to yield top-tier selenium in a single step. With a focus on both domestic and international markets, the plant is poised to cater to the diverse needs of consumers worldwide.

In July 2025, Orffa International Holding B.V., a Netherlands-based provider of specialty feed additive solutions, including highly bioavailable trace minerals like selenium, formed a strategic partnership with Co Innova Animal Nutrition Technology (Shanghai) Co., Ltd. to expand the distribution of its innovative nutritional products, including Excential Selenium 4000, across key regions in China. Through this partnership, Orffa aimed to strengthen its regional market presence and enhance customer access to advanced selenium-enriched feed solutions by utilizing Co Innova’s local technical expertise and distribution network. Co Innova Animal Nutrition Technology (Shanghai) Co., Ltd. is a China-based animal nutrition company focused on providing specialty feed additives and nutritional technologies to livestock producers.

Major companies operating in the selenium market are American Elements Corporation, Mitsubishi Materials Corporation, Umicore S.A., Alltech Inc., Lesaffre et Compagnie, Lallemand Inc., Angel Yeast Co. Ltd., Biorigin - Art in Natural Ingredients, Bio Springer S.A.S., Chr. Hansen Holding A/S, Diamond V Mills Inc., Royal DSM N.V., Kemin Industries Inc., Leiber GmbH, Lianyungang Selenium Twins Tech Co. Ltd., Novus International Inc., Nutreco N.V., Orffa International Holding B.V., Pancosma S.A., Phibro Animal Health Corporation.

Eastern Europe was the largest region in the Selenium market in 2025. The regions covered in the selenium market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the selenium market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The selenium market includes revenues earned by entities by manufacturing glass, chemicals and pigments, electronics, fertilizers, etc. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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