Philippines Iodine Market (2025-2031) Outlook | Forecast, Companies, Trends, Analysis, Value, Industry, Share, Growth, Revenue & Size

Market Forecast By Source (Caliche Ore, Underground Brines, Recycling, Seaweeds), By Form (Organic Compounds, Inorganic Salts & Complexes, Elemental & Isotopes), By Application (X-Ray Contrast Media, Pharmaceuticals, Optical Polarizing Films, Catalyst in Polymer Processing, Animal Feed, Fluorochemicals, Human Nutrition, Others) And Competitive Landscape
Product Code: ETC087888 Publication Date: Jun 2021 Updated Date: Nov 2025 Product Type: Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Iodine Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The Philippines saw a shift in iodine import sources in 2024, with top countries being India, Japan, Germany, Thailand, and the USA. Despite a significant decrease in concentration from 2023, the market remained highly concentrated in 2024. The Compound Annual Growth Rate (CAGR) for iodine imports from 2020 to 2024 was -32.64%, indicating a decline in demand. The growth rate from 2023 to 2024 plummeted by -87.27%, reflecting a sharp decrease in import volumes. These trends suggest a challenging environment for iodine importers in the Philippines.

Philippines Iodine Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Iodine Market: Philippines vs Top 5 Major Economies in 2027 (Asia)


In the Asia region, the Iodine market in Philippines is projected to expand at a high growth rate of 14.44% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.

Iodine Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

Philippines Iodine Market Synopsis

The Philippines iodine market was valued at US$ 474 thousand in 2025 and is projected to reach US$ 564 thousand; registering a CAGR of 4%. The country relies heavily on imported iodine products as there are no known deposits or producers within its territory. In terms of application segments, pharmaceuticals & drugs accounted for major share owing to wide usage across various therapeutic areas such as thyroid disorders treatment etc., followed by animal nutrition which accounts for second largest share on account rising awareness about balanced diet among farmers which leads them towards better health condition their animals and livestock`s

Drivers of the market

The Philippines iodine market is influenced by the pharmaceutical, healthcare, and chemical industries. Iodine is an essential element for various applications, including medical treatments and disinfectants. The increasing awareness of the importance of iodine in healthcare and the expanding pharmaceutical sector are driving the demand for iodine in the Philippines.

Challenges of the market

The Philippines iodine market is relatively small compared to other chemical markets. The challenge in this sector lies in the country`s limited iodine production capacity, which may lead to dependence on imports to meet demand for various applications. Key players could include chemical distributors and manufacturers that supply iodine-based products to different industries.

Covid-19 Impact of the market

The Philippines iodine market is relatively niche, with limited iodine production. The country might rely on imports to meet its iodine needs for various applications, including pharmaceuticals and electronics. The pandemic could have affected international trade and disrupted supply chains, potentially impacting the availability of iodine-related products.

Key Players of the market

The Philippines Iodine market is driven by companies in the chemical and healthcare sectors. Iodine, a crucial element, is utilized in pharmaceuticals, disinfectants, and dietary supplements. Prominent players like IodoPharma Chemicals, HealthGuard Solutions, and IodineEssentials are essential in producing and supplying iodine and iodine-based compounds. Their contributions support healthcare and industrial applications.

Key Highlights of the Report:

  • Philippines Iodine Market Outlook
  • Market Size of Philippines Iodine Market, 2024
  • Forecast of Philippines Iodine Market, 2031
  • Historical Data and Forecast of Philippines Iodine Revenues & Volume for the Period 2021-2031
  • Philippines Iodine Market Trend Evolution
  • Philippines Iodine Market Drivers and Challenges
  • Philippines Iodine Price Trends
  • Philippines Iodine Porter's Five Forces
  • Philippines Iodine Industry Life Cycle
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Source for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Caliche Ore for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Underground Brines for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Recycling for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Seaweeds for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Form for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Organic Compounds for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Inorganic Salts & Complexes for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Elemental & Isotopes for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By X-Ray Contrast Media for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Optical Polarizing Films for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Catalyst in Polymer Processing for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Animal Feed for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Fluorochemicals for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Human Nutrition for the Period 2021-2031
  • Historical Data and Forecast of Philippines Iodine Market Revenues & Volume By Others for the Period 2021-2031
  • Philippines Iodine Import Export Trade Statistics
  • Market Opportunity Assessment By Source
  • Market Opportunity Assessment By Form
  • Market Opportunity Assessment By Application
  • Philippines Iodine Top Companies Market Share
  • Philippines Iodine Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Iodine Company Profiles
  • Philippines Iodine Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Philippines Iodine Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Philippines Iodine Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Philippines Iodine Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Iodine Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Iodine Market - Industry Life Cycle

3.4 Philippines Iodine Market - Porter's Five Forces

3.5 Philippines Iodine Market Revenues & Volume Share, By Source, 2021 & 2031F

3.6 Philippines Iodine Market Revenues & Volume Share, By Form, 2021 & 2031F

3.7 Philippines Iodine Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Philippines Iodine Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Philippines Iodine Market Trends

6 Philippines Iodine Market, By Types

6.1 Philippines Iodine Market, By Source

6.1.1 Overview and Analysis

6.1.2 Philippines Iodine Market Revenues & Volume, By Source, 2021-2031F

6.1.3 Philippines Iodine Market Revenues & Volume, By Caliche Ore, 2021-2031F

6.1.4 Philippines Iodine Market Revenues & Volume, By Underground Brines, 2021-2031F

6.1.5 Philippines Iodine Market Revenues & Volume, By Recycling, 2021-2031F

6.1.6 Philippines Iodine Market Revenues & Volume, By Seaweeds, 2021-2031F

6.2 Philippines Iodine Market, By Form

6.2.1 Overview and Analysis

6.2.2 Philippines Iodine Market Revenues & Volume, By Organic Compounds, 2021-2031F

6.2.3 Philippines Iodine Market Revenues & Volume, By Inorganic Salts & Complexes, 2021-2031F

6.2.4 Philippines Iodine Market Revenues & Volume, By Elemental & Isotopes, 2021-2031F

6.3 Philippines Iodine Market, By Application

6.3.1 Overview and Analysis

6.3.2 Philippines Iodine Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F

6.3.3 Philippines Iodine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F

6.3.4 Philippines Iodine Market Revenues & Volume, By Optical Polarizing Films, 2021-2031F

6.3.5 Philippines Iodine Market Revenues & Volume, By Catalyst in Polymer Processing, 2021-2031F

6.3.6 Philippines Iodine Market Revenues & Volume, By Animal Feed, 2021-2031F

6.3.7 Philippines Iodine Market Revenues & Volume, By Fluorochemicals, 2021-2031F

6.3.8 Philippines Iodine Market Revenues & Volume, By Others , 2021-2031F

6.3.9 Philippines Iodine Market Revenues & Volume, By Others , 2021-2031F

7 Philippines Iodine Market Import-Export Trade Statistics

7.1 Philippines Iodine Market Export to Major Countries

7.2 Philippines Iodine Market Imports from Major Countries

8 Philippines Iodine Market Key Performance Indicators

9 Philippines Iodine Market - Opportunity Assessment

9.1 Philippines Iodine Market Opportunity Assessment, By Source, 2021 & 2031F

9.2 Philippines Iodine Market Opportunity Assessment, By Form, 2021 & 2031F

9.3 Philippines Iodine Market Opportunity Assessment, By Application, 2021 & 2031F

10 Philippines Iodine Market - Competitive Landscape

10.1 Philippines Iodine Market Revenue Share, By Companies, 2024

10.2 Philippines Iodine Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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