Market Overview:
The global potassium iodide powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for potassium iodide powder from the pharmaceutical and nutrition industries. In addition, the growing awareness about the benefits of using potassium iodide powder is also contributing to the growth of this market. On the basis of type, food grade and pharmaceutical grade are two major types of potassium iodide powder available in the market. Pharmaceutical grade is expected to witness higher growth during the forecast period as it has various applications in different industries such as pharmaceuticals, nutraceuticals, and others. On account of its high purity level and other properties such as solubility and stability, it is used in various formulations for tablets, capsules, powders etc., which are then supplied to end users across different regions globally.
Product Definition:
potassium iodide powder is a white, odorless, crystalline powder that is used as a dietary supplement and as a radioprotective agent.
Food Grade:
Food grade is the term used for potassium iodide, which is a salt formed by mixing iodine and sodium. Iodine when added to food items such as meat products or bread often causes thyroid-related diseases in humans due to its toxic nature. Thus, it needs to be removed from the food items before they are consumed by humans.
Pharmaceutical Grade:
Pharmaceutical grade is the term used for chemicals that are pure and of high quality. It is also known as fine or pure powder. Pharmaceutical grade potassium iodide is a white crystalline solid, which has a slightly sweet odor. It has an appearance similar to table salt (sodium iodide).
KI can be produced in two ways: either by using fluorine gas (which was developed during World War II) or by using radioactive materials such as uranium.
Application Insights:
The other application segment includes food and beverages. The use of potassium iodide in the manufacturing process of foods is allowed by the government authorities across various regions, which include North America, Europe, Asia Pacific and Middle East & Africa. However, it is recommended to use only pharmaceutical grade products for consuming as medicine due to higher purity standards followed by the industry players.
Nutrition was the largest application segment accounting for over 50% share in 2017 owing to its high demand as a supplement throughout history of Potassium Iodide usage as a thyroid medication. Growing awareness regarding healthy eating habits coupled with rising health concerns among older population groups are expected to drive demand over next seven years especially in developed regions like North America and Europe.
Rising importance ofiodine-based compounds within cellular metabolism has led researchers from around world including Japan China U S A Canada India etc.
Regional Analysis:
North America was the largest regional market for potassium iodide powder, accounting for a revenue share of over 35.0% in 2017. The presence of large pharmaceutical and nutraceutical companies in the U.S., such as GNC Holdings Inc.; Abbott; Cargill, Inc.; and Health-Man Corporation is expected to drive product demand over the forecast period.
Asia Pacific is anticipated to be one of the fastest growing markets with a CAGR exceeding 6.5% during the forecast years due to increasing awareness regarding nutritional health among middle-class income groups, coupled with rising expenditure power resulting from urbanization trends across emerging economies including China.
Growth Factors:
- Increasing demand from the medical industry for potassium iodide powder as a contrast agent in diagnostic procedures.
- Growing awareness about the health benefits of potassium iodide powder, which is prompting more people to use it as a dietary supplement.
- The increasing popularity of radiation therapy as a cancer treatment option is driving demand for potassium iodide powder as a protectant against radiation exposure.
- Rising concerns about nuclear accidents and terrorist threats are boosting demand for potassium iodide powder as an emergency preparedness measure.
- Growing use of potassium iodide powder in livestock feed to improve animal health and productivity
Scope Of The Report
Report Attributes
Report Details
Report Title
Potassium Iodide Powder Market Research Report
By Type
Food Grade, Pharmaceutical Grade
By Application
Pharmaceutical, Nutrition, Other
By Companies
Lasa Laboratory, Infinium Pharmachem, Iofina, GODO SHIGEN, Eskay Fine Chemicals, Prachi Pharmaceuticals, Macco Organiques, Nippoh Chemicals, Deepwater Chemicals, Fuji Kasei, Crystran, Shandong Fengtai, Adani Pharmachem Private Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Potassium Iodide Powder Market Report Segments:
The global Potassium Iodide Powder market is segmented on the basis of:
Types
Food Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Nutrition, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lasa Laboratory
- Infinium Pharmachem
- Iofina
- GODO SHIGEN
- Eskay Fine Chemicals
- Prachi Pharmaceuticals
- Macco Organiques
- Nippoh Chemicals
- Deepwater Chemicals
- Fuji Kasei
- Crystran
- Shandong Fengtai
- Adani Pharmachem Private Limited
Highlights of The Potassium Iodide Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Pharmaceutical Grade
- By Application:
- Pharmaceutical
- Nutrition
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Potassium Iodide Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Potassium iodide is a salt that helps to prevent thyroid cancer. It is also used to treat other types of radiation poisoning.
Some of the major companies in the potassium iodide powder market are Lasa Laboratory, Infinium Pharmachem, Iofina, GODO SHIGEN, Eskay Fine Chemicals, Prachi Pharmaceuticals, Macco Organiques, Nippoh Chemicals, Deepwater Chemicals, Fuji Kasei, Crystran, Shandong Fengtai, Adani Pharmachem Private Limited.
The potassium iodide powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Potassium Iodide Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Potassium Iodide Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Potassium Iodide Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Potassium Iodide Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Potassium Iodide Powder Market Size & Forecast, 2020-2028
4.5.1 Potassium Iodide Powder Market Size and Y-o-Y Growth
4.5.2 Potassium Iodide Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Pharmaceutical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Nutrition
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Potassium Iodide Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Potassium Iodide Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Pharmaceutical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Nutrition
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Pharmaceutical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Nutrition
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Pharmaceutical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Nutrition
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Pharmaceutical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Nutrition
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Pharmaceutical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Nutrition
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Potassium Iodide Powder Market: Competitive Dashboard
14.2 Global Potassium Iodide Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lasa Laboratory
14.3.2 Infinium Pharmachem
14.3.3 Iofina
14.3.4 GODO SHIGEN
14.3.5 Eskay Fine Chemicals
14.3.6 Prachi Pharmaceuticals
14.3.7 Macco Organiques
14.3.8 Nippoh Chemicals
14.3.9 Deepwater Chemicals
14.3.10 Fuji Kasei
14.3.11 Crystran
14.3.12 Shandong Fengtai
14.3.13 Adani Pharmachem Private Limited
