Selbyville, Delaware In the latest research report compiled by Global Market Insights Inc., colloidal selenium nanoparticles market size has been estimated to surpass US$479 million by 2026.
Nanoparticles are popularly being known to boost bioactivity, reduce toxicity, and enhance targeting. Over the years, colloidal selenium nanoparticles have come up as a tremendous selenium species with therapeutic and chemopreventative properties. This has triggered global interest in their application as a carrier of therapeutic agents with results showing synergistic effects of selenium with enhanced anticancer and therapeutic cargo activity.
Traction for nanoscale selenium is gaining traction in food additives, as stakeholders continue to include nanotechnology in nutrition in light of prolongation of residence time, protection against oxidation, administration and solubility, taste and smell.
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Trends in food packaging
Of late, traction for synthetically manufactured colloids to be added in food to boost bioavailability and improve solubility has surged in recent years. Stakeholders have found increased interest towards boosting the shelf life, add nutritional value, flavor and color.
Manufacturers are eyeing to cash in on the upsides of selenium nanoparticles to be used in zero oxidation state that offers tremendous bioavailability and low toxicity vis-à-vis other oxidation states.
Traction in North America to unfold growth
At the time when food safety and antibiotic resistance are gaining momentum, inclination towards selenium nanoparticles has surged in recent years. Moreover, SeNP has been offering strong radical scavenging effect and protecting DNA from oxidative damage. Given that SeNPs exhibit antimicrobial properties, it will continue to fuel growth in food application.
Even though there are various treatment strategies in North America, SeNP has considerably enhanced the approach of personalized medicine and have seemingly shown characteristics to combat drug resistance problems and reducing toxicities linked with chemotherapeutic agents. As such, growing palpability in the U.S. will also fuel growth colloidal selenium nanoparticles market.
Growth opportunities in medical space
There are opportunities galore for stakeholders eyeing to boost their portfolios in medical applications. Prominently, selenium nanoparticles have become a pivotal drug carrier by boosting strong drug loading capacity and improved antitumor effect.
With several studies claiming SeNPs possessing anticancer activity and reduced toxicity concerns, its palpability in several conditions such as liver fibrosis, diabetes, cancer and inflammatory disorders has surged in recent years, thereby providing opportunities galore in pharmaceutical application.
Research and development (R&D) activities on colloidal selenium nanoparticles market in the past few decades have offered a massive deal of evidence indicating the immense role which Se and its metabolites have been playing in human diseases.
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Nanoparticles are proving to be instrumental in solving several pharmacokinetic (PK) and biopharmaceutical problems linked with several drugs in a range of disease classes. It is worth noting that NPs propel the penetration of water soluble compounds, peptides, ionized drugs,, and other biological therapeutics.
High operational cost and toxicity concern may derail the colloidal selenium nanoparticles market growth.
Following the introduction of nanotechnology in cancer therapy landscape, multifunctional therapy, early diagnosis, and drug delivery systems have been streamlined. With colloidal selenium nanoparticles being highly sought-after in food application, stakeholders are eyeing to expand their penetration in the application portfolio globally.
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