Report Overview

The North America iodine market is projected to grow at a CAGR of 3.50% between 2024 and 2032. The market is being driven by the growing prevalence of thyroid-associated disorders in the region.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • Nearly 62% of all injuries are sustained by athletes during practice sessions.
  • In 2022, Canada exported nearly $3.33 billion of animal feed globally.
  • Poultry accounted for 17.7% of the overall feed consumption in Canada in 2022.

North America Iodine Market Growth

As per the American Thyroid Association, nearly 20 million Americans suffer from some form of thyroid-associated disorder. Nearly 60% of them are unaware of this condition, which can further aggravate their health issues and lead to goitre, cardiovascular issues, and nerve damage, among other problems. Women are relatively more susceptible (5x) more susceptible to thyroid issues than men, with 1 in 8 women expected to develop a thyroid-associated disorder during their entire lifetime. This can exacerbate issues related to infertility, thereby accelerating the consumption of iodine-based supplements.

In the United States, over 775,000 children aged 14 years and below are admitted to emergency care units in hospitals for sports-related injuries annually. Around 30 million children participate in organised sports activities annually in the USA, and can sometimes sustain serious bodily injuries. Nearly 50% of all injuries sustained by children occur due to collisions, falls, or upon being struck by an object. Nearly 3.5 million injuries are reported annually in the United States. This is expected to raise the demand for effective antiseptics that can expedite wound healing and lead to an effective recovery, boosting the demand for iodine.

Compound Annual Growth Rate

Value in

3.5%

2024-2032


North America Iodine Market Outlook

*this image is indicative*

Key Trends and Developments

North America Iodine Market Trends

As per The Institute for Feed Education and Research (IFEEDER), around 283.8 million tons of safe, nutritious, and high-quality feed was provided to different species of aquaculture, pets, poultry, and livestock in 2019 worth $59.9 billion. Beef cattle (64.5 million tons), broiler chickens (60.8 million tons), and hogs (61.8 million tons) were the three major feed consumers in the United States. Texas, North Carolina, Iowa, and Minnesota accounted for the highest volume of animal feed consumption. As the demand for meat products soars, the demand for nutritious animal feed is expected to increase, thereby leading to the market development.

North America Iodine Industry Segmentation

The EMR’s report titled “North America Iodine Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Breakup by Source

  • Caliche Ore
  • Underground Brines
  • Recycling
  • Seaweed

Breakup by End Use

  • Pharmaceuticals
  • Animal Feed
  • Medical Imaging
  • Chemicals

Breakup by Country

  • United States
  • Canada

North America Iodine Market Share

Based on country, the market is segmented into the United States and Canada. Over the forecast period of 2024-2032, Canada is estimated to grow at a CAGR of 3.8% amid the rising prevalence of thyroid disorders in the country.

Leading Companies in the North America Iodine Market

Major market players are expected to shift their focus to Canada to bolster the production and distribution of iodine-based supplements.

Iofina plc

Iofina plc was originally founded in 1983 and was acquired by Iofina Chemicals in the late 2000s. It is a US-based company that specialises in the production of iodine. It operates its Iosorb iodine extraction plants in Kentucky and Oklahoma.

Deep Water Chemicals

Deep Water Chemicals was founded in 1931 in the United States. It is a part of the Toyota Tsusho (TCC) and hol...

Woodward Iodine Corporation

Woodward Iodine Corporation was founded in 1977 and is based in Oklahoma. It is a part of the Ise Chemicals Co...

KIVA holdings, Inc.

KIVA holdings, Inc. is based in Oklahoma (USA). It is engaged in the production of virgin iodine and crude iod...

Other major market players are SQM S.A., and Iochem Corporation, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is assessed to grow at a CAGR of 3.50% between 2024 and 2032.

The different sources of iodine in the market are caliche ore, underground brines, seaweed, and recycling.

The different end uses of iodine include pharmaceuticals, animal feed, medical imaging, and chemicals.

The different countries covered in the market report are the United States and Canada.

The key players in the market are Iofina plc, SQM S.A., Deep Water Chemicals, Iochem Corporation, Woodward Iodine Corporation, and KIVA holdings, Inc., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Source
  • End Use
  • Region
Breakup by Source
  • Caliche Ore
  • Underground Brines
  • Recycling
  • Seaweed
Breakup by End Use
  • Pharmaceuticals
  • Animal Feed
  • Medical Imaging
  • Chemicals
Breakup by Region
  • United States
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Iofina plc
  • SQM S.A.
  • Deep Water Chemicals
  • Iochem Corporation
  • Woodward Iodine Corporation
  • KIVA Holding, Inc.
  • Others

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