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Top Factor Driving Potassium Iodide Market Growth in 2025: Increasing Demand For Nutritional Supplements Driving Growth Of Potassium Iodide Market
Potassium Iodide Market Share
The growing demand for nutritional supplements is expected to stimulate the potassium iodide market. Nutritional supplements are products that provide essential nutrients, such as vitamins and minerals, to support overall health. The rising demand for these supplements is driven by increased awareness of their health benefits, growing interest in preventive healthcare, and lifestyle changes leading to nutritional deficiencies. Potassium iodide is widely used as a supplement to support thyroid function and prevent iodine deficiency-related disorders, such as hypothyroidism. For example, in October 2022, a survey by the Council for Responsible Nutrition revealed that 75% of Americans use dietary supplements, with many using potassium iodide. Therefore, the rising demand for nutritional supplements is promoting the growth of the potassium iodide market.
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What growth opportunities are expected to drive the potassium iodide market's CAGR through 2034?
The potassium iodide market has grown significantly in recent years. It will rise from $0.97 billion in 2024 to $1.05 billion in 2025, at a CAGR of 8.0%. Growth drivers include rising demand for nutritional foods, heightened health concerns, a growing number of CT scans, the expansion of the food and pharmaceutical industries, and the demand for diagnostic imaging treatments.
The potassium iodide market is expected to reach $1.41 billion by 2029, growing at a CAGR of 7.7%. The growth is fueled by the increasing prevalence of thyroid disorders, iodine deficiency, concerns over nuclear accidents, growing demand from the food industry, and industrial applications. Major trends include expanding applications in nutritional supplements, product innovation, and partnerships within the pharmaceutical industry.
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What are the emerging trends shaping the future of the potassium iodide market?
In the potassium iodide market, companies are strengthening product accessibility through strategic partnerships. For instance, in April 2023, the Delaware Emergency Management Agency (DEMA) distributed potassium iodide tablets to residents near nuclear power plants to protect against radioactive iodine during potential radiation emergencies, as part of an emergency preparedness plan supported by the U.S. Nuclear Regulatory Commission (NRC).
Which growth-oriented segments of the potassium iodide market are leading the industry's development?
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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What regions are leading the charge in the potassium iodide market?
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 companies are at the forefront of innovation 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
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What Is Covered In The Potassium Iodide Global Market Report?
•Market Size Forecast: Examine the potassium iodide market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the potassium iodide market for a structured understanding.
•Key Players Overview: Analyze major players in the potassium iodide market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the potassium iodide market.
•Segment Contributions: Evaluate how different segments drive overall growth in the potassium iodide market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the potassium iodide market.
•Industry Challenges: Identify potential risks and obstacles affecting the potassium iodide market.
•Competitive Landscape: Review strategic developments in the potassium iodide market, including expansions, agreements, and new product launches.
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