Increasing Demand For Nutritional Supplements Driving Growth Of Potassium Iodide Market Driving Market Acceleration in the Potassium Iodide Industry, 2025

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How Large Will the Potassium Iodide Market Size By 2025?
The market for potassium iodide has shown solid growth lately. It is projected to increase from a value of $0.97 billion in 2024 to $1.05 billion in 2025, at a compound annual growth rate (CAGR) of 8.0%. The historical growth rate is due to the increased interest in nutritional foods, heightened focus on health issues, higher amount of CT scans performed, expansion of the food & beverages and pharmaceutical industries, and a surge in demand for diagnostic imaging procedures in the pharmaceutical field.

How Big Is the Potassium Iodide Market Size Expected to Grow by 2029?
The market for potassium iodide is predicted to experience substantial growth over the next several years, reaching $1.41 billion by 2029, and expanding at a compound annual growth rate (CAGR) of 7.7%. The projected growth within this period is attributed to the rise in thyroid and iodine deficiency disorders (IDDs), growing knowledge about the necessity of iodine supplements, increasing worries about nuclear mishaps and radiation exposure, as well as the escalating demand from the food and beverage sector, along with the expansion in industrial applications. Significant trends foreseen during this forecast period are the widening use in nutritional supplement arenas, the progression of technological advancements, product innovation, alliances, and collaborations with equivalent competitors, and the growth of the pharmaceutical sector.

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Which Key Market Drivers Powering Potassium Iodide Market Expansion and Growth?
The surging demand for nutritional supplements is anticipated to boost the potassium iodide market's expansion. Nutritional supplements are products containing vital vitamins, minerals, amino acids, and other nutrients designed to enhance one's dietary intake and promote overall health. Factors pushing the desire for nutritional supplements include an increased understanding of nutrition's role in maintaining health, heightened interest in preventive healthcare, lifestyle shifts prompting dietary shortfalls, and an aging populace looking for aid with various health issues. Potassium iodide is a nutritional supplement used to bolster thyroid function and combat iodine deficiency disorders, including goiter and hypothyroidism, by supplying a necessary source of iodine in the diet. As an illustration, in October 2022, based on the 2022 Consumer Survey on Dietary Supplements performed by Council for Responsible Nutrition, a US non-profit trade association, a poll of 3,133 US residents aged 18 and over revealed that 2,342 reported using dietary supplements seasonally, sporadically, or regularly, with 75% of Americans including dietary supplements in their daily routine. Hence, the escalating demand for nutritional supplements fuels the expansion of the potassium iodide market. Potassium Iodide Market Driver: Enhanced Health Awareness Fueling Potassium Iodide Market Growth

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Which Fast-Growing Trends Are Poised to Disrupt the Potassium Iodide Market?
Top firms involved in the potassium-iodide industry are leveraging strategic collaborations to increase product reach and satisfy various customer requirements. Strategic collaborations entail companies utilizing each other's strengths and assets to attain shared advantages and success. For example, in April 2023, the Delaware Emergency Management Agency (DEMA), a state agency for emergency readiness based in the US, in conjunction with the Delaware Division of Public Health (DPH), a Health and Social Services department also based in the US, disseminated potassium iodide (KI) tablets to residents residing within a ten-mile periphery, dubbed the Emergency Planning Zone (EPZ), of the Salem or Hope Creek Nuclear Generating Stations. These tablets are provided to protect the thyroid gland from consumed or inhaled radioactive iodine, which could be released in a radiation crisis. These tablets are incorporated into Delaware's emergency strategies for usage in the event of nuclear accidents and are offered through a program set up by the U.S. Nuclear Regulatory Commission (NRC).

What Are the Emerging Segments in 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 Global Leaders 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

Which are the Top Profitable Regional Markets for the Potassium Iodide Industry?
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.

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