Product Code: ETC102103 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India potassium iodide market import shipments exhibited a minimal compound annual growth rate of 0.3% from 2020 to 2024. However, the market experienced a significant decline in growth rate of -75.1% between 2023 and 2024, indicating a sudden contraction in the market size and a shift towards negative momentum.
India Potassium iodide market is expected to witness a noteworthy growth in the coming years due to increasing demand for iodized salt and other food additives. The rising population, growing awareness about health benefits associated with potassium iodide, and improving economic conditions are some of the major drivers behind this growth. The government initiatives such as fortification of salt with iodine has further helped in raising the consumption of potassium iodide supplements among consumers. Moreover, surging urbanization leading to increased spending power and changing lifestyle have resulted in greater demand for processed foods which require more potassium iodide for preservation purpose.
Increasing demand from pharmaceutical industry due to its wide application in various drugs and medical imaging is expected to be a major factor driving growth of India potassium iodide market over the forecast period. In addition, presence of regulatory bodies such as Food Safety & Standards Authority (FSSAI) which provides guidelines related to safety and quality checks on food products including dietary supplements are expected to boost sales potentials for potassium iodide in India during coming years. Growing iodine deficiency disorders among population especially children`s due lack adequate dietary intake is another key factor driving adoption rates for supplement containing potassium iodides thereby bolstering market size expansion prospects over upcoming years..
High prices associated with pure form of Potassium Iodides impede its adoption by small scale industries involved in production or manufacturing process thereby restraining overall market expansion rate over next few years. Furthermore, availability if counterfeit products at lower price range also hamper uptake rates thereby hindering revenue generation opportunities further more adversely affecting long term Outlook positive trajectory.. Additionally, stringent government regulations pertaining safety standards & quality control measures adopted by manufacturers as prescribed by FSSAI limits new entrants into existing marketplace making it difficult companies looking establish their footprints across India regional landscape..
Some key players operating in current India potassium iodie market include Merck KGaA , BASF SE , Sigma-Aldrich Corporation , Mallinckrodt Pharmaceuticals Ltd., Strem Chemicals Inc., Calson Bio Sciences Pvt Ltd., Avantor Performance Materials LLC etc???
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Potassium iodide Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Potassium iodide Market Revenues & Volume, 2021 & 2031F |
3.3 India Potassium iodide Market - Industry Life Cycle |
3.4 India Potassium iodide Market - Porter's Five Forces |
3.5 India Potassium iodide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Potassium iodide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Potassium iodide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about iodine deficiency disorders and the importance of iodine supplementation in India |
4.2.2 Growing demand for potassium iodide in the pharmaceutical industry for the production of iodine-based products |
4.2.3 Government initiatives to fortify salt with iodine to address public health concerns related to iodine deficiency |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of potassium iodide |
4.3.2 Regulatory challenges related to the quality standards and import/export regulations affecting the market |
4.3.3 Competition from alternative sources of iodine supplementation products |
5 India Potassium iodide Market Trends |
6 India Potassium iodide Market, By Types |
6.1 India Potassium iodide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Potassium iodide Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Potassium iodide Market Revenues & Volume, By Industrial Grade, 2021-2031F |
6.1.4 India Potassium iodide Market Revenues & Volume, By Non-industrial Grade, 2021-2031F |
6.2 India Potassium iodide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Potassium iodide Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F |
6.2.3 India Potassium iodide Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.4 India Potassium iodide Market Revenues & Volume, By Nutrition , 2021-2031F |
6.2.5 India Potassium iodide Market Revenues & Volume, By Film Photography, 2021-2031F |
6.2.6 India Potassium iodide Market Revenues & Volume, By Others, 2021-2031F |
7 India Potassium iodide Market Import-Export Trade Statistics |
7.1 India Potassium iodide Market Export to Major Countries |
7.2 India Potassium iodide Market Imports from Major Countries |
8 India Potassium iodide Market Key Performance Indicators |
8.1 Number of government-led initiatives to promote iodine supplementation |
8.2 Research and development investments in potassium iodide technology and applications |
8.3 Adoption rate of iodized salt in households to measure the awareness and acceptance of iodine fortification |
8.4 Number of new product launches or expansions by key players in the potassium iodide market |
8.5 Consumer perception and acceptance of potassium iodide products through surveys and feedback data |
9 India Potassium iodide Market - Opportunity Assessment |
9.1 India Potassium iodide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Potassium iodide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Potassium iodide Market - Competitive Landscape |
10.1 India Potassium iodide Market Revenue Share, By Companies, 2024 |
10.2 India Potassium iodide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |