What are the recent trends in market size and growth for the potassium iodide market?
The potassium iodide market size has grown strongly in recent years. It will grow from $0.97 billion in 2024 to $1.05 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to the rise in demand for nutritional foods, high health concerns, increased number of CT examinations, growth of the food & beverages and pharmaceutical industries, and demand for diagnostic imaging treatments in the pharmaceutical sector.
The potassium iodide market size is expected to see strong growth in the next few years. It will grow to $1.41 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to the increasing prevalence of thyroid disorders and iodine deficiency disorders (IDDs), growing awareness of the importance of iodine supplementation, rising concerns about nuclear accidents and radiation exposure, increasing demand from the food and beverage industry, growth in industrial applications. Major trends in the forecast period include expansion of application in nutritional supplements, technological advancements, product innovation, partnership and collaboration with peer competitors, and expansion of the pharmaceutical industry.
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What key drivers have fueled the potassium iodide market’s development over the years?
The increasing demand for nutritional supplements is expected to propel the growth of the potassium iodide market going forward. Nutritional supplements refer to products containing essential vitamins, minerals, amino acids, and other substances intended to supplement one’s diet and support overall health and well-being. The demand for nutritional supplements is increasing due to several factors, such as growing awareness of the importance of nutrition for health maintenance, rising interest in preventive healthcare, lifestyle changes leading to dietary deficiencies, and aging populations seeking support for various health concerns. Potassium iodide is used as a nutritional supplement to support thyroid function and prevent iodine deficiency disorders, such as goiter and hypothyroidism, by providing a source of essential iodine in the diet. For instance, in October 2022, according to the 2022 Consumer Survey on Dietary Supplements conducted by Council for Responsible Nutrition, a US-based non-profit trade association, in 2022, a survey of 3,133 U.S. adults aged 18 and older found that 2,342 reported using dietary supplements on a seasonal, occasional, or regular basis, with 75% of Americans including dietary supplements in their routine. Therefore, increasing demand for nutritional supplements is driving the growth of the potassium iodide market.
What is the segmentation for the potassium iodide market?
The potassium iodide market covered in this report is segmented –
1) By Product Type: Solid, Liquid
2) By Grade: Industrial Grade, Pharmaceutical Grade, Feed Grade
3) By Application: Pharmaceutical Industry, Nutritional Supplements, Industrial Applications, Radiation Protection, Photography And Imaging, Other Applications
Subsegments:
1) By Solid: Potassium Iodide Crystals, Potassium Iodide Powder, Potassium Iodide Tablets
2) By Liquid: Potassium Iodide Solution (Aqueous Solution), Potassium Iodide Syrup
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Who are the most influential companies in the potassium iodide market?
Major companies operating in the potassium iodide market are Thermo Fisher Scientific Inc., Honeywell International Inc., Merck KGaA, Univar Solutions Inc., Arkema Group, Avantor Inc., Tata Chemicals Ltd., Ise Chemicals Corporation, Samrat Pharmachem Limited, Mitsui Chemicals Inc., GFS Chemicals Inc., Calibre Chemicals Pvt. Ltd., Changshu Yuxi Chemical Co. Ltd, Ajay-SQM, Wego Chemical Group, Proto Chemicals Industries, Adani Pharmachem Private Limited, Pandora Industries Pvt. Ltd., Deepwater Chemicals Inc., Vishal Laboratories, Junsei Chemical Co. Ltd., Dalkem Corporation, Incasa S.A
What are the top industry trends projected to impact the potassium iodide market?
Major companies operating in the potassium-iodide market are adopting a strategic partnership approach to enhance product accessibility and cater to diverse consumer needs. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in April 2023, the Delaware Emergency Management Agency (DEMA), a US-based state emergency preparedness agency, in collaboration with the Delaware Division of Public Health (DPH), a US-based Department of Health and Social Services, distributed potassium iodide (KI) tablets to residents living within a ten-mile radius, known as the Emergency Planning Zone (EPZ), of the Salem or Hope Creek Nuclear Generating Stations. These tablets are available to safeguard the thyroid gland from ingested or inhaled radioactive iodine that may be released during a radiation emergency. These tablets are part of Delaware’s emergency plans for use in a nuclear incident and are provided through a program initiated by the U.S. Nuclear Regulatory Commission (NRC).
What are the major regional insights for the potassium iodide market, and which region holds the top position?
Asia-Pacific was the largest region in the potassium iodide market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the potassium iodide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Potassium Iodide Market Report 2025 Offer?
The potassium iodide market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Potassium iodide (KI) is a chemical compound consisting of potassium and iodine, commonly used as a nutritional supplement and in medical treatments for thyroid-related conditions. It is also employed as a radiation protective agent to prevent the uptake of radioactive iodine by the thyroid gland during nuclear emergencies.
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