| Product Code: ETC4483945 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India potassium metabisulfite market import shipment demonstrated a strong growth trend from 2020 to 2024, with a notable CAGR of 10.0%. The market accelerated further in the most recent period, with a growth rate between 2023 and 2024 reaching 24.5%, indicating significant momentum and expansion in demand.
Potassium metabisulfite is a critical chemical used as a preservative and antioxidant in the food and beverage industry. In India, the market for potassium metabisulfite has experienced growth, driven by the expanding food and beverage sector. This chemical plays a pivotal role in preserving the quality and shelf life of various food and beverage products. With evolving consumer preferences and increased food processing activities, the demand for potassium metabisulfite in India is expected to continue its upward trend.
The potassium metabisulfite market in India is influenced by the food and beverage, pharmaceutical, and water treatment sectors. It is commonly used as a preservative, antioxidant, and sanitizer. As the demand for processed foods, pharmaceutical products, and clean water continues to rise, so does the demand for potassium metabisulfite.
The India potassium metabisulfite market faces challenges in maintaining product quality and purity standards. Meeting strict food-grade and industrial-grade requirements while ensuring the absence of contaminants is vital but can be technically challenging. Managing the environmental impact of sulfite-based chemicals and adhering to regulatory guidelines is another pressing issue. Competing with other preservatives and addressing the demand for natural and organic alternatives adds complexity to the market.
COVID-19 had mixed effects on the India potassium metabisulfite market. While demand for this chemical, often used as a food preservative and in the wine industry, saw fluctuations due to supply chain disruptions and changes in consumption patterns, it also saw increased use in disinfection and sterilization applications. The market witnessed shifts in product demand and adaptation to new safety standards.
The market for potassium metabisulfite in India features key players such as Essemm Corporation, Shalibhadra International, Triveni Interchem Pvt. Ltd., and Jay Dinesh Chemicals. These companies are instrumental in providing potassium metabisulfite used as a food preservative, in winemaking, and other industrial applications.
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 Metabisulfite Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Potassium Metabisulfite Market Revenues & Volume, 2021 & 2031F |
3.3 India Potassium Metabisulfite Market - Industry Life Cycle |
3.4 India Potassium Metabisulfite Market - Porter's Five Forces |
3.5 India Potassium Metabisulfite Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Potassium Metabisulfite Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for food preservatives in the food and beverage industry in India |
4.2.2 Growing awareness about the benefits of using potassium metabisulfite in various industries such as pharmaceuticals, textiles, and water treatment |
4.2.3 Favorable government regulations supporting the use of potassium metabisulfite in different applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of potassium metabisulfite |
4.3.2 Stringent regulations related to the usage of potassium metabisulfite in certain industries in India |
4.3.3 Potential health and environmental concerns associated with the use of potassium metabisulfite |
5 India Potassium Metabisulfite Market Trends |
6 India Potassium Metabisulfite Market, By Types |
6.1 India Potassium Metabisulfite Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Potassium Metabisulfite Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Potassium Metabisulfite Market Revenues & Volume, By Wine Industry, 2021-2031F |
6.1.4 India Potassium Metabisulfite Market Revenues & Volume, By Beer Industry, 2021-2031F |
6.1.5 India Potassium Metabisulfite Market Revenues & Volume, By Food Preservatives, 2021-2031F |
6.1.6 India Potassium Metabisulfite Market Revenues & Volume, By Textile Industry, 2021-2031F |
6.1.7 India Potassium Metabisulfite Market Revenues & Volume, By Photographic Chemicals, 2021-2031F |
6.1.8 India Potassium Metabisulfite Market Revenues & Volume, By Others, 2021-2031F |
7 India Potassium Metabisulfite Market Import-Export Trade Statistics |
7.1 India Potassium Metabisulfite Market Export to Major Countries |
7.2 India Potassium Metabisulfite Market Imports from Major Countries |
8 India Potassium Metabisulfite Market Key Performance Indicators |
8.1 Percentage increase in the adoption of potassium metabisulfite in new applications |
8.2 Number of research and development initiatives focusing on enhancing the efficiency and safety of potassium metabisulfite |
8.3 Percentage growth in the export market for potassium metabisulfite from India |
9 India Potassium Metabisulfite Market - Opportunity Assessment |
9.1 India Potassium Metabisulfite Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Potassium Metabisulfite Market - Competitive Landscape |
10.1 India Potassium Metabisulfite Market Revenue Share, By Companies, 2024 |
10.2 India Potassium Metabisulfite Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |