The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Potassium Iodide Global Market Report 2024 offers crucial insights into the potassium iodide market help businesses analyse and build stronger strategies.

Strong Market Growth in Recent Years

• Market Size: Grew from $0.90 billion in 2023 to $0.97 billion in 2024.
• Growth Rate: Compound annual growth rate (CAGR) of 7.7%.
• Key Drivers:
  • Increased demand for nutritional foods.
  • High health concerns.
  • Growth in CT examinations.
  • Expansion in food & beverages and pharmaceutical industries.
  • Rising demand for diagnostic imaging treatments in pharmaceuticals.

Future Market Growth Expectations

• Market Size: Expected to reach $1.31 billion by 2028.
• Growth Rate: CAGR of 7.8%.
• Growth Factors:
  • Increasing prevalence of thyroid disorders and iodine deficiency.
  • Growing awareness of iodine supplementation importance.
  • Rising concerns about nuclear accidents and radiation exposure.
  • Increased demand from the food and beverage industry.
  • Growth in industrial applications.

Read The Full Potassium Iodide Market Report Here:

https://www.thebusinessresearchcompany.com/report/potassium-iodide-global-market-report

Trends Shaping the Market

• Nutritional Supplements: Expansion in applications for nutritional supplements.
• Technological Advancements: Ongoing technological innovations.
• Product Innovation: Continuous product development.
• Partnerships: Collaborations and partnerships with competitors.
• Pharmaceutical Industry Expansion: Growth in pharmaceutical applications.

Increasing Demand for Nutritional Supplements

• Health Awareness: Greater understanding of nutrition’s role in health.
• Preventive Healthcare: Rising interest in preventive health measures.
• Dietary Deficiencies: Lifestyle changes leading to dietary gaps.
• Aging Population: Older populations seeking health support.
• Market Statistics:
  • Survey: 80% of Americans used dietary supplements in 2021, up 7% from 2020.
  • Trust: 79% found the supplement industry trustworthy in 2021, up from 74% in 2020.
• Use in Supplements: Potassium iodide supports thyroid function and prevents iodine deficiency disorders like goiter and hypothyroidism.

Strategic Partnerships Enhancing Distribution

• Strategic Partnerships: Companies leveraging mutual strengths.
• Example:
  • DEMA and DPH Collaboration: Distributed potassium iodide tablets to residents near Salem or Hope Creek Nuclear Generating Stations to protect against radioactive iodine during emergencies.
• Emergency Plans: Part of Delaware’s nuclear incident emergency plans, supported by the U.S. Nuclear Regulatory Commission.

Market Segmentation

• By Product Type: Solid, Liquid.
• By Grade: Industrial Grade, Pharmaceutical Grade, Feed Grade.
• By Application: Pharmaceutical Industry, Nutritional Supplements, Industrial Applications, Radiation Protection, Photography and Imaging, Other Applications.

Regional Insights

• Largest Region: Asia-Pacific in 2023.
• Fastest-Growing Region: North America expected to lead during the forecast period.

Conclusion

The potassium iodide market is on a robust growth trajectory, driven by increasing health awareness, the demand for nutritional supplements, and strategic industry partnerships. With significant growth expected in the coming years, the market will continue to expand, particularly in the pharmaceutical and food and beverage sectors.

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The Potassium Iodide Global Market Report 2024  provides a comprehensive outlook of the potassium iodide market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The potassium iodide market forecast offers a thorough analysis on potassium iodide market size, potassium iodide market share, prominent players and their strategies.

The Table Of Content For The Potassium Iodide Market Include:
1. Potassium Iodide Market Executive Summary
2. Potassium Iodide Market Segments
3. Potassium Iodide Market Size And Potassium Iodide Market Growth Rate
4. Key Potassium Iodide Market Trends
5. Major Potassium Iodide Market Drivers
……
25. Key Mergers And Acquisitions In The Potassium Iodide Market
26. Top Potassium Iodide Companies
27. Potassium Iodide Market Opportunities And Strategies
28. Potassium Iodide Market, Conclusions And Recommendations
29. Appendix

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