Iodine Market is Expected to Clock a Notable A CAGR of 4.2%and Reach USD 1.46 Billion by 2032
Market Summary: The global iodine market reached a value of USD 1.01 billion in 2022 and is projected to attain USD 1.46 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 4.2% throughout the forecast period. This growth is primarily propelled by increasing demand for iodine across diverse sectors such as pharmaceuticals, agriculture, and biotechnology. Furthermore, the heightened awareness regarding Iodine Deficiency Disorders (IDDs) and their implications on public health contributes significantly to the upward trajectory of market revenue.