| Product Code: ETC087883 | Publication Date: Aug 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s iodine import market in 2024 saw significant growth, with top exporting countries including Chile, Japan, Turkmenistan, USA, and Azerbaijan. The high Herfindahl-Hirschman Index (HHI) indicates strong market concentration. The impressive compound annual growth rate (CAGR) of 28.66% from 2020 to 2024 highlights a flourishing market. Moreover, the growth rate of 33.88% from 2023 to 2024 suggests a continued upward trajectory for iodine imports in India. These trends underscore the importance of iodine in various industries and the country`s reliance on international sources for this essential element.

India iodine market is projected to witness a CAGR of 5.7%owing to increasing demand for iodized salt and growth in the usage of radio-contrast media. Iodine is an essential mineral required for proper functioning of thyroids gland. It plays an important role in maintaining normal metabolism, energy levels, cognitive functions and development & growth throughout life. Deficiency of iodine can cause hypothyroidism or goiter which affects health adversely due to lack of mental ability or physical deformity respectively. Thus, WHO has set a target that all households should have access to iodized salt
Government initiatives promoting consumption of iodized salt are driving the India iodine market growth over the forecast period. In addition, rising awareness regarding importance of iodine amongst consumers is further boosting its consumption as well as production in this region. Additionally, growing healthcare expenditure along with improving economic situation will propel the India iodine market share over the estimated timeframe.
High cost associated with manufacturing process may impede industry expansion~over coming years. Furthermore , stringent regulations by government agencies hampering product availability and relatively long shelf life application possess major challenges for manufacturers operating in this domain.
Some key players operating in India Iodine Market include Jost Chemical Co., Spectrum Chemicals Manufacturing Corporation , Merck KGaA , Sigma Aldrich Corporation , Dabur International Ltd., Lanxess AG 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 Iodine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Iodine Market Revenues & Volume, 2021 & 2031F |
3.3 India Iodine Market - Industry Life Cycle |
3.4 India Iodine Market - Porter's Five Forces |
3.5 India Iodine Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 India Iodine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 India Iodine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Iodine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for iodine in various industries such as pharmaceuticals, agriculture, and electronics |
4.2.2 Increasing awareness about the health benefits of iodine consumption |
4.2.3 Government initiatives to promote iodized salt consumption in India |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in iodine production |
4.3.2 Stringent regulations and compliance requirements in the iodine industry |
4.3.3 Presence of low-cost alternatives to iodine in certain applications |
5 India Iodine Market Trends |
6 India Iodine Market, By Types |
6.1 India Iodine Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 India Iodine Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 India Iodine Market Revenues & Volume, By Caliche Ore, 2021-2031F |
6.1.4 India Iodine Market Revenues & Volume, By Underground Brines, 2021-2031F |
6.1.5 India Iodine Market Revenues & Volume, By Recycling, 2021-2031F |
6.1.6 India Iodine Market Revenues & Volume, By Seaweeds, 2021-2031F |
6.2 India Iodine Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 India Iodine Market Revenues & Volume, By Organic Compounds, 2021-2031F |
6.2.3 India Iodine Market Revenues & Volume, By Inorganic Salts & Complexes, 2021-2031F |
6.2.4 India Iodine Market Revenues & Volume, By Elemental & Isotopes, 2021-2031F |
6.3 India Iodine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Iodine Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F |
6.3.3 India Iodine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 India Iodine Market Revenues & Volume, By Optical Polarizing Films, 2021-2031F |
6.3.5 India Iodine Market Revenues & Volume, By Catalyst in Polymer Processing, 2021-2031F |
6.3.6 India Iodine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.7 India Iodine Market Revenues & Volume, By Fluorochemicals, 2021-2031F |
6.3.8 India Iodine Market Revenues & Volume, By Others , 2021-2031F |
6.3.9 India Iodine Market Revenues & Volume, By Others , 2021-2031F |
7 India Iodine Market Import-Export Trade Statistics |
7.1 India Iodine Market Export to Major Countries |
7.2 India Iodine Market Imports from Major Countries |
8 India Iodine Market Key Performance Indicators |
8.1 Number of new product launches incorporating iodine |
8.2 Iodine consumption per capita in India |
8.3 Investment in iodine research and development |
8.4 Adoption rate of iodized salt in households |
8.5 Number of partnerships and collaborations in the iodine industry |
9 India Iodine Market - Opportunity Assessment |
9.1 India Iodine Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 India Iodine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 India Iodine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Iodine Market - Competitive Landscape |
10.1 India Iodine Market Revenue Share, By Companies, 2024 |
10.2 India Iodine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |