Potassium Iodide Market Report 2025

This Potassium Iodide market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

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%. 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.

The growing demand for nutritional supplements is anticipated to drive the expansion of the potassium iodide market in the coming years. Nutritional supplements are products that contain essential vitamins, minerals, amino acids, and other substances designed to complement the diet and support overall health. This demand is rising due to factors such as heightened awareness of the importance of nutrition for maintaining health, an increasing focus on preventive healthcare, dietary deficiencies caused by lifestyle changes, and aging populations seeking help with various health concerns. Potassium iodide is used as a nutritional supplement to promote thyroid function and prevent iodine deficiency disorders like goiter and hypothyroidism by providing a vital iodine source. For example, in October 2022, the 2022 Consumer Survey on Dietary Supplements by the Council for Responsible Nutrition, a US-based nonprofit trade association, revealed that out of 3,133 U.S. adults aged 18 and older, 2,342 reported using dietary supplements on a seasonal, occasional, or regular basis, with 75% of Americans incorporating them into their daily routine. Therefore, the rising demand for nutritional supplements is contributing to the growth of the potassium iodide market.

The growing awareness of health is expected to drive the expansion of the potassium iodide market in the future. Health consciousness refers to individuals’ awareness and proactive efforts regarding their physical well-being and lifestyle choices. This rise in health consciousness is fueled by increasing knowledge about the significance of preventive healthcare, greater access to health-related information, and a desire to improve overall quality of life. Health-conscious individuals use potassium iodide to maintain thyroid function and prevent iodine deficiency disorders, aligning with their approach to better health. For instance, in May 2022, the International Food Information Council, a US-based nonprofit organization, found that 52% of Americans followed a specific diet or eating pattern in 2022, up from 39% in 2021. As a result, the growing focus on health is propelling the potassium iodide market's growth.

Major players in the potassium iodide market are adopting strategic partnerships to improve product accessibility and meet diverse consumer needs. Strategic partnerships involve leveraging mutual strengths and resources for mutual benefits. For instance, in April 2023, the Delaware Emergency Management Agency (DEMA) collaborated with the Delaware Division of Public Health (DPH) to distribute potassium iodide (KI) tablets to residents living near nuclear generating stations. These tablets protect against ingested or inhaled radioactive iodine during a radiation emergency, part of Delaware's emergency preparedness plans facilitated by the U.S. Nuclear Regulatory Commission (NRC).

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.

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. The countries covered in the potassium iodide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Potassium iodide (KI) is a compound composed of potassium and iodine, widely utilized as a nutritional supplement and in medical treatments for thyroid-related issues. It serves as a radiation protective agent, shielding the thyroid gland from absorbing radioactive iodine during nuclear emergencies.

The primary product types of potassium iodide include solid and liquid forms. Solid potassium iodide refers to the crystalline structure of KI, commonly employed in medicine, photography, and analytical chemistry. Various grades are available, including industrial, pharmaceutical, and feed grades, used across applications such as the pharmaceutical sector, nutritional supplements, industrial uses, radiation protection, photography, and other imaging applications.

The potassium iodide research report is one of a series of new reports that provides potassium iodide market statistics, including the potassium iodide industry's global market size, regional shares, competitors with a potassium iodide market share, detailed potassium iodide market segments, market trends and opportunities, and any further data you may need to thrive in the potassium iodide industry. This potassium iodide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The potassium iodide market consists of sales of potassium iodide granules and potassium iodide solutions. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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