The North America iodine market is projected to grow at a CAGR of 3.50% between 2025 and 2034. The market is being driven by the growing prevalence of thyroid-associated disorders in the region.
Base Year
Historical Year
Forecast Year
| North America Iodine Market Report Summary | Description | Value |
| Base Year | USD Million | 2023 |
| Historical Period | USD Million | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.5% |
| CAGR 2024-2032 - Market by Country | Canada | 3.8% |
| CAGR 2024-2032 - Market by Source | Recycling | 3.9% |
| CAGR 2024-2032 - Market by End Use | Pharmaceuticals | 3.8% |
| 2023 Market Share by Country | Canada | 8.7% |
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.
Value in
2025-2034
North America Iodine Market Outlook
*this image is indicative*
Increasing application of iodine as a catalyst; rising sales of consumer electronics; surging demand for animal feed; and growing application of iodine in wastewater treatment are the major trends impacting the North America iodine market growth
Iodine is extensively used as a catalyst in hydrogenation, oxidation, and polymerisation reactions, apart from organic synthesis and iodine clock reactions. These play a critical role in industrial and laboratory settings.
Iodine is used to manufacture polarising filters for LCD displays, which allow specific light rays to pass through it, thereby enhancing the contrast and quality of the display.
In 2022, Canadian livestock consumed nearly 29.2 million tonnes of feed (excluding forages). Around 19.5 million tonnes of that amount was supplied by Canada’s commercial mills. Beef cattle, dairy, poultry, and swine account for nearly 96.6% of the overall feed consumption in Canada.
Iodine is extensively used in wastewater treatment during emergency situations, as it can significantly eliminate dangerous contaminants and make water suitable for drinking purposes.
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.
The EMR’s report titled “North America Iodine Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Source
Breakup by End Use
Breakup by Country
| CAGR 2024-2032 - Market by | Country |
| Canada | 3.8% |
| United States | XX% |
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.
Major market players are expected to shift their focus to Canada to bolster the production and distribution of iodine-based supplements.
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 was founded in 1931 in the United States. It is a part of the Toyota Tsusho (TCC) and hol...
Woodward Iodine Corporation was founded in 1977 and is based in Oklahoma. It is a part of the Ise Chemicals Co...
KIVA holdings, Inc. is based in Oklahoma (USA). It is engaged in the production of virgin iodine and crude iod...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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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The market is assessed to grow at a CAGR of 3.50% between 2025 and 2034.
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.
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.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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