Product Code: ETC196116 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The India potassium bromate market import shipment experienced a drastic decline over the period 2020-2024, with a notable CAGR of -62.0%. The growth rate between 2023 and 2024 plummeted even further by -96.5%, indicating a significant contraction in market activity. The market exhibited a clear trend of sharp deceleration and contraction during the specified period.
India is the largest producer and consumer of potassium bromate in the Asia-Pacific region. Potassium bromate, also known as KBrO3, is an oxidizing agent used mainly in bakery products for dough strengthening and improving their texture. It is widely used in breads, rolls, cakes, pizza crusts, pastries etc., giving them a better shape and texture while enhancing shelf life.
The increasing demand for convenience food items among time-strapped consumers has fueled the market growth of potassium bromate in India. The increase in disposable incomes has led to people spending more on food and beverages such as bakery products which are fortified with potassium bromate leading to its increased usage across India. Additionally, rising health concerns amongst consumers have forced companies to adopt healthier methods that reduce sodium content resulting in driving up demand for potassium bromate which helps preserve food without adding any calories or salt content. Moreover government initiatives like ???Make In India??? scheme will further accelerate market growth by creating new opportunities for manufacturers operating within this sector by providing benefits regarding taxes & labor cost etc., making it easier to set up businesses thereby promoting investments into related sectors including production of Potassium Bromate which should provide lucrative returns over time.
However, the India Government???s recent decision to allow bakeries and restaurants to operate at full capacity is likely to boost demand for potassium bromate. Additionally, increasing awareness about benefits of using natural additives such as plant enzymes instead of chemicals like potassium bromate will also provide some respite for the market growth over coming years despite its current challenges.
Some Key Players operating in India Potassium Bromate Market include Jiangsu Yoke Technology Co., Ltd.; Hefei TNJ Chemical Industry Co., Ltd.; Shandong Huayang Chemical Co., Ltd; Hangzhou Fuda Biotechnology Co., Ltd amongst many others.
The India Potassium Bromate market has been severely affected by the Covid-19 pandemic. The lockdown imposed in India led to a significant decline in demand for food products, resulting in decreased sales of potassium bromate which is mainly used as an additive or a preservative in breads and other bakery items. Moreover, the disruption of supply chains due to lockdown restrictions and potential health risks associated with consuming processed foods have further hampered the market.
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 Potassium Bromate Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Potassium Bromate Market Revenues & Volume, 2021 & 2031F |
3.3 India Potassium Bromate Market - Industry Life Cycle |
3.4 India Potassium Bromate Market - Porter's Five Forces |
3.5 India Potassium Bromate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Potassium Bromate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Potassium Bromate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for potassium bromate in various industries such as food processing, pharmaceuticals, and agriculture due to its properties as an oxidizing agent. |
4.2.2 Growing awareness among end-users about the benefits of using potassium bromate in manufacturing processes. |
4.2.3 Favorable government regulations and policies supporting the use of potassium bromate in certain industries. |
4.3 Market Restraints |
4.3.1 Health concerns and potential risks associated with the consumption of products containing potassium bromate, leading to regulatory restrictions and bans in some regions. |
4.3.2 Availability of alternative compounds or technologies that can replace potassium bromate in manufacturing processes. |
5 India Potassium Bromate Market Trends |
6 India Potassium Bromate Market, By Types |
6.1 India Potassium Bromate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Potassium Bromate Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Potassium Bromate Market Revenues & Volume, By 0.995, 2021-2031F |
6.1.4 India Potassium Bromate Market Revenues & Volume, By 0.997, 2021-2031F |
6.1.5 India Potassium Bromate Market Revenues & Volume, By 0.998, 2021-2031F |
6.2 India Potassium Bromate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Potassium Bromate Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 India Potassium Bromate Market Revenues & Volume, By Reagent, 2021-2031F |
7 India Potassium Bromate Market Import-Export Trade Statistics |
7.1 India Potassium Bromate Market Export to Major Countries |
7.2 India Potassium Bromate Market Imports from Major Countries |
8 India Potassium Bromate Market Key Performance Indicators |
8.1 Research and development investments in finding new applications or improving the efficiency of potassium bromate. |
8.2 Number of patents filed related to potassium bromate technology or its applications. |
8.3 Adoption rate of potassium bromate in various industries as a percentage of total potential market. |
9 India Potassium Bromate Market - Opportunity Assessment |
9.1 India Potassium Bromate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Potassium Bromate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Potassium Bromate Market - Competitive Landscape |
10.1 India Potassium Bromate Market Revenue Share, By Companies, 2024 |
10.2 India Potassium Bromate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |