North America Iodine Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2025-2034)

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.

North America Iodine Market Growth

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.

Key Trends and Developments

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

September 2024

Iofina commissioned its new production facility in Oklahoma to increase the production of crystalline iodine.

January 2024

Iodine Star Inc., based in Hennessey, Oklahoma, began the process of mineral extraction from saltwater disposal sites to increase iodine reserves in the USA.

September 2023

Health Canada successfully completed the safety assessment of iodine’s usage in food supplements and approved its usage for commercial production.

July 2022

Research conducted by scholars at McMaster University, Canada, found severe iodine deficiency in residents of Quebec City and Canada, which is a critical micronutrient for boosting immune health and ensuring cognitive development.

Increasing Application of Iodine as a Catalyst

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.

Rising Sales of Consumer Electronics

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.

Increasing Demand for Animal Feed

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.

Rising Application of Iodine in Wastewater Treatment

Iodine is extensively used in wastewater treatment during emergency situations, as it can significantly eliminate dangerous contaminants and make water suitable for drinking purposes.

North America Iodine Market Trends

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.

North America Iodine Industry Segmentation

The Expert Market Research report titled “North America Iodine Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Source:

• Caliche Ore
• Underground Brines
• Recycling
• Seaweed

Market Breakup by End Use:

• Pharmaceuticals
• Animal Feed
• Medical Imaging
• Chemicals

Market Breakup by Country:

• United States
• Canada

North America Iodine Market Share

Based on country, the market is segmented into the United States and Canada. Over the forecast period of 2025-2034, Canada is estimated to grow at a CAGR of 3.8% amid the rising prevalence of thyroid disorders in the country.

Leading Companies in the North America Iodine Market

Major market players are expected to shift their focus to Canada to bolster the production and distribution of iodine-based supplements.

Iofina plc

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

Deep Water Chemicals was founded in 1931 in the United States. It is a part of the Toyota Tsusho (TCC) and holds a major stake in iodine manufacturing companies such as Iochem in Oklahoma and Algorta Norte in Chile.

Woodward Iodine Corporation

Woodward Iodine Corporation was founded in 1977 and is based in Oklahoma. It is a part of the Ise Chemicals Corporation and is engaged in producing solid iodine from sites leased for manufacturing brine. Its final product is used in disinfectants, vapour bulbs, fungicides, and other products.

KIVA holding, Inc.

KIVA holding, Inc. is based in Oklahoma (USA). It is engaged in the production of virgin iodine and crude iodine. It also provides technological solutions and engineering support services to companies seeking to manufacture iodine.

Other major market players are SQM S.A., and Iochem Corporation, amongothers.

More Insights On:

United States Iodine Market

Iodine Market
Show more