According to TechSci Research report, “India Iodine Market – By Region, Competition, Forecast & Opportunities, 2030F”, the India Iodine Market stood at USD 215.20 Million in 2024 and is anticipated to grow with a CAGR of 6.25% in the forecast period through 2030.
Iodine is increasingly recognized in agriculture for its significant role in enhancing livestock health and productivity. Supplementing animal feed with iodine can lead to improved growth rates and reproductive performance, aligning with the rising emphasis on sustainable agricultural practices and the urgent need to bolster food security. As farmers seek ways to optimize both yields and animal health, the demand for iodine in agriculture is expected to grow.
The nutraceutical and dietary supplement market in India is experiencing rapid expansion, driven by consumer interest in natural health products that promote overall well-being. Iodine is a key component in many dietary supplements designed to support thyroid health and prevent deficiencies. The growth of the functional foods and dietary supplements sector presents ample opportunities for manufacturers to innovate and capture market share.
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Technological advancements in iodine production have further improved efficiency and sustainability in sourcing. Innovations in extraction methods from brine and seaweed are contributing to reduced production costs and increased output. As domestic production processes become more efficient, they can better meet the growing demand for iodine while decreasing reliance on imports.
Iodized salt continues to be a dietary staple in Indian households, essential for preventing iodine deficiency disorders (IDDs). Ongoing health campaigns that promote the benefits of iodized salt further enhance its demand. Retailers and food manufacturers are increasingly offering iodized products, resulting in greater availability of iodine-rich food options in the marketplace. Global market trends, including a heightened focus on nutrition and health, are also influencing the Indian iodine market. The growing awareness of iodine's importance in various health applications, coupled with an increase in international trade of iodine and its derivatives, impacts domestic demand. India’s engagement in the global iodine market creates opportunities for importing advanced iodine products, thereby stimulating further growth within the sector.
The India Iodine Market is segmented into source, application, end user, regional distribution, and company.
Based on its source, the Caliche ore segment has emerged as the predominant market leader, The high iodine yield from caliche ore allows manufacturers to produce iodine efficiently and in significant quantities. As demand for iodine continues to grow across various sectors—such as pharmaceuticals, agriculture, and food processing—the ability to source iodine from caliche ore contributes to meeting this demand effectively. The superior iodine concentration translates into lower costs per unit of iodine extracted, enhancing its market appeal.
The extraction process for iodine from caliche ore is generally more cost-effective compared to other sources. The methodology often involves chemical processes that leverage the ore's natural composition, allowing for streamlined production. The economic advantages associated with extracting iodine from caliche ore help stabilize prices in the Indian iodine market. Manufacturers benefit from reduced operational costs, which can be passed on to consumers, making iodine more accessible. As a result, the competitive pricing of iodine sourced from caliche ore bolsters its dominance in the market. The sourcing of iodine from caliche ore contributes to a more stable supply chain for Indian manufacturers. Unlike seaweed, which is subject to seasonal variations and environmental conditions, caliche ore mining is less affected by such fluctuations. The reliability of caliche ore as a continuous source of iodine mitigates risks associated with supply disruptions. This stability is particularly critical in an industry where consistent quality and availability are paramount. As Indian manufacturers seek to secure their supply chains, the preference for caliche ore as a dependable source of iodine enhances its market dominance.
Major companies operating in India Iodine Market are:
- Iochem Corporation
- Deep Water Chemicals
- Calibre Chemicals Pvt. Ltd.
- Akron Healthcare Pvt. Ltd
- Samrat Pharmachem Limited
- Eskay Iodine Pvt. Ltd.
- Glide Chem Pvt Ltd
- INFINIUM PHARMACHEM LIMITED
- Kiva Holding Inc.
- PARAD CORPORATION PVT. LTD.
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“The India iodine market is poised for robust growth driven by a confluence of factors, including increasing health awareness, government initiatives, advancements in agricultural practices, and a burgeoning pharmaceutical sector. The demand for iodine is expected to rise as stakeholders in various industries recognize its critical role in enhancing public health and nutrition. With a strong emphasis on sustainable sourcing—particularly through the dominant use of caliche ore and the continuous innovation in product development, the market is well-positioned to meet both domestic and global demands. As India navigates the challenges of iodine deficiency and strives to optimize its health outcomes, the iodine market will play a vital role in supporting the nation’s economic and health objectives.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“India Iodine Market, By Source (Caliche Ore, Underground Brines, Recycling, Seaweed), By Application (Medical, Animal Feeds, Biocides, Fluorochemicals, Optical Polarizing films, Nylon, Others), By End User (Pharmaceuticals, Animal Feed, Medical Imaging, Chemicals, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Iodine Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Iodine Market.
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