The global iodine market was valued at USD 3.9 billion in 2025 and is projected to grow from USD 4.1 billion in 2026 to USD 5.8 billion in 2033, at a CAGR of 5.3% from 2026 to 2033. The Europe dominated the market, accounting for a revenue share of 35.0% in 2025. Growth in the pharmaceutical industry and increased requirements for fortified animal feed have contributed to iodine demand.
Iodine is an important trace element that must be obtained from food or nutritional supplements. The body requires iodine to produce thyroxine and triiodothyronine, the thyroid hormones. This hormone assists in the formation of essential proteins and enzymes that help regulate metabolic activity. Iodine-based levothyroxine drugs are manufactured with iodine being the primary constituent. Hence, the product demand has been high in the country. Without adequate production of thyroid hormones, the thyroid gland does not function properly, leading to an underactive or overactive thyroid gland. This causes medical conditions, such as hypothyroidism and hyperthyroidism, that have various negative side effects in the body.
The increasing demand for non-interventional investigative medical equipment, such as X-rays and Computed Tomography (CT), is also a key driver. For medical imaging studies, such as CT scans, angiograms, myelograms, and arthrograms, iodine-containing contrast media are widely used to make hollow structures in the body.
Expansions in end-use segments within the value chain are anticipated to increase demand for iodine over the forecast period. For instance, in July 2025, OMRON Healthcare announced that it would begin manufacturing blood pressure monitors at its new Chennai, India, facility under its "Made in India" initiative, strengthening its local manufacturing capabilities and supply chain to expand access to home healthcare monitoring devices in the country.
Global Iodine Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For the purpose of this study, Grand View Research has segmented the global iodine market report based on source, end-use, and region:
- Source Outlook (Volume, Tons; Revenue, USD Billion; 2021 - 2033)
Caliche Ore
Underground Brines
Recycling
Seaweed
- End-use Outlook (Volume, Tons; Revenue, USD Billion; 2021 - 2033)
Pharmaceuticals
Animal Feed
Medical Imaging
Chemicals
Others
- Region Outlook (Volume, Tons; Revenue, USD Billion; 2021 - 2033)
North America
Europe
Asia Pacific
- China
- Japan
- India
- South Korea
Central & South America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Competitive Outlook
- 2.3. Competitive Outlook
Chapter 3. Iodine Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Value Chain Analysis
- 3.3. Manufacturing Trends
- 3.4. Sales Channel Analysis
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.8. PESTEL Analysis
Chapter 4. Iodine Market: Source Estimates & Trend Analysis
- 4.1. Iodine Market: Source Movement Analysis, 2025 & 2033
- 4.2. Caliche Ore
- 4.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.3. Underground Brines
- 4.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.4. Recycling
- 4.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 4.5. Seaweed
- 4.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 5. Iodine Market: End-Use Estimates & Trend Analysis
- 5.1. Iodine Market: End-Use Movement Analysis, 2025 & 2033
- 5.2. Pharmaceuticals
- 5.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.3. Animal Feeds
- 5.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.4. Medical Imaging
- 5.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.5. Chemicals
- 5.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
Chapter 6. Iodine Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2025 & 2033
- 6.2. North America
- 6.2.1. North America iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.2. North America iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3. North America iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.3.1 U.S. iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3.1 U.S. iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.2.3.1 U.S. iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.2. Europe iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3. Europe iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.3.1 Germany iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 Germany iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 Germany iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.5. France
- 6.3.3.1 France iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 France iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 France iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.6. Italy
- 6.3.3.1 Italy iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 Italy iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.3.3.1 Italy iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.2. Asia Pacific iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3. Asia Pacific iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.3.1 China iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 China iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 China iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.5. Japan
- 6.4.3.1 Japan iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 Japan iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 Japan iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.6. India
- 6.4.3.1 India iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 India iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 India iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.7. South Korea
- 6.4.3.1 South Korea iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 South Korea iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.4.3.1 South Korea iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Central & South America iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.2. Central & South America iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.3. Central & South America iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.4. Brazil
- 6.5.3.1 Brazil iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.3.1 Brazil iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.5.3.1 Brazil iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.2. Middle East & Africa iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3. Middle East & Africa iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.4. Saudi Arabia
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.5. UAE
- 6.6.3.1 UAE iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 UAE iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 UAE iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.6. South Africa
- 6.6.3.1 South Africa iodine market estimates and forecasts, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 South Africa iodine market estimates and forecasts, by source, 2021 - 2033 (USD Million) (Kilotons)
- 6.6.3.1 South Africa iodine market estimates and forecasts, by end-use, 2021 - 2033 (USD Million) (Kilotons)
Chapter 7. Iodine Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Ranking
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of raw material suppliers & distributors
- 7.4.2. List of prospective end-users
- 7.5. Strategic Framework
- 7.6. Company Listings (Overview, Financials, Product Benchmarking)
- 7.6.1. ACF Minera SA
- 7.6.2. Cosayach
- 7.6.3. Glide Chem Private Limited
- 7.6.4. GODO SHIGEN Co. Ltd
- 7.6.5. Iochem Corporation
- 7.6.6. Iofina
- 7.6.7. ISE Chemicals Corporation
- 7.6.8. Itochu Chemical Frontier Corporation
- 7.6.9. Kanto Natural Gas Development Co. Ltd
- 7.6.10. NIPPOH CHEMICALS CO. LTD