Global Potassium Metabisulfite Market, Market Size, Trends & Growth Opportunity, By Type (Industrial Grade, Food Grade) By Function (Anti browning Agent, Preservative, Bleaching Agent, Others) by end user (Food and Beverages Industry, Textiles, Gold Processing, Pharmaceutical,) Region and forecast till 2027.
Report ID : QR1001467 | Industries : Chemicals & Materials | Published On :March 2022 | Page Count : 234Global Potassium Metabisulfite Market
Potassium metabisulfite is a food preservative, which preserves the natural color of food and protects food against bacteria. Winemakers also use potassium metabisulphite to preserve bottled wines. The manufacturing industry uses potassium metabisulphite as a dye and printing agent, in gold processing and in photography for developing.
Drivers: Growing Demand in the Food and Beverage Industry
Potassium pyrosulfite, also known as potassium metabisulfite, is a white crystalline powder with a strong odour. It has a monoclinic crystal structure, which results in the formation of potassium sulfite and sulphur dioxide upon decomposition.
Because of its antioxidant properties, potassium metabisulfite is increasingly being used as an additive in wine, which is driving up demand for potassium metabisulfite. During the winemaking process, potassium metabisulfite reacts to form sulphur dioxide, which helps to protect the wine's colour and delicate flavours.
In the brewing industry, potassium metabisulfite is used as a stabiliser to prevent the growth of bacteria and fungi. It is also added to tap water during the disinfection process to neutralise monochloramine.
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Restraints: Availability of Substitutes
Availability of substitutes for potassium metabisulfite is one of the major restraints in the market.
Impact of COVID-19
Due to lockdown imposed around the world the factories generating chemicals were shut down which was a major hindrance. Lack of labour, no production had a negative impact on the market and eventually stopped the growth of the market.
Segmentation By Type:
On the basis of type, the market is segmented into Industrial Grade and Food Grade. Food Grade segment is expected to have the major segment during the forecast period.
Segmentation by Function:
On the basis of Function, the market is segmented into Antibrowning agent, Preservative, Bleaching Agent,others.Preservative Bleaching Agent will hold the biggest market value during the forecast period.
Segmentation By End User:
Based on the end user the market is segmented into Food and Beverages Industry, Textiles, Gold Processing, Pharmaceutical, Others etc. Food and beverages industry will hold the largest market share during the forecast period.
Segmentation by Region
Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. During the forecast period, the European region is expected to dominate the potassium metabisulfite market. Because of the region's growing youth population and their reliance on beer and other alcoholic beverages, demand for potassium metabisulfite has increased in countries such as the United Kingdom and Germany.
Europe is the largest producer and consumer of wine, accounting for more than 55% of total consumption, resulting in a surge in demand for potassium metabisulfite in the region.
During the forecast period, the European alcoholic beverage market is expected to grow at a CAGR of more than 3%, providing lucrative opportunities for the potassium metabisulfite market to grow.
Competitive Landscape:
Major players in the silicon photomultiplier market include BASF SE, LAFFORT, Alkaloid AD Skopje, Aditya Birla Chemicals, & Murphy & son.
Industrial Development:
In April 2020, Aditya Birla Chemicals has introduced Recyclable epoxy-based composite systems, new products developed for various food segments like shrimps, seafood, cheese, dairy, among others.
Market taxonomy
By Type
- Industrial Grade
- Food Grade
By function
- Antibrowning Agent
- Preservative
- Bleaching Agent
- Others
By End User
- Food and Beverages Industry
- Textiles
- Gold Processing
- Pharmaceutical
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Potassium Metabisulfite Market Outlook TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Potassium Metabisulfite Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Potassium Metabisulfite Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Potassium Metabisulfite Market Share Analysis, By Type
5.3 Global Potassium Metabisulfite Market Size and Forecast, By Type
5.3.1 Industrial Grade
5.3.2 Food Grade
6 Global Potassium Metabisulfite Market, By Function
6.1 Y-o-Y Growth Comparison, By Function
6.2 Global Potassium Metabisulfite Market Share Analysis, By Function
6.3 Global Potassium Metabisulfite Market Size and Forecast, By Function
6.3.1 Antibrowning Agent
6.3.2 Preservative
6.3.3 Bleaching Agent
6.3.4 Others
7 Global Potassium Metabisulfite Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Potassium Metabisulfite Market Share Analysis, By End User
7.3 Global Potassium Metabisulfite Market Size and Forecast, By End User
7.3.1 Food and Beverages Industry
7.3.2 Textiles
7.3.4 Gold Processing
7.3.4 Pharmaceutical
7.3.5 Others
8 Global Potassium Metabisulfite Market, By Region
8.1 Global Potassium Metabisulfite Market Share Analysis, By Region
8.2 Global Potassium Metabisulfite Market Size and Forecast, By Region
9 North America Global Potassium Metabisulfite Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Global Potassium Metabisulfite MarketShare Analysis, By Type
9.3 North America Global Potassium Metabisulfite Market Size and forecast, By Function
9.4 North America Global Potassium Metabisulfite Market Size and forecast, By End User
9.5 North America Global Potassium Metabisulfite Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Global Potassium Metabisulfite Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Global Potassium Metabisulfite Market Share Analysis, By Type
10.3 Europe Global Potassium Metabisulfite Market Size and Forecast, By Function
10.4 Europe Global Potassium Metabisulfite Market Size and forecast., By End User
10.5 Europe Global Potassium Metabisulfite Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Global Potassium Metabisulfite Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Global Potassium Metabisulfite Market Share Analysis, By Type
11.3 Asia Pacific Global Potassium Metabisulfite Market Size and Forecast, by Function
11.4 Asia Pacific Global Potassium Metabisulfite Market size and forecast, By End User
11.5 Asia Pacific Global Potassium Metabisulfite Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Global Potassium Metabisulfite Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Global Potassium Metabisulfite MarketShare Analysis, By Type
12.3 Latin America Global Potassium Metabisulfite Market Size and Forecast, By Function
12.4 Latin America Global Potassium Metabisulfite Market Size and Forecast, By End User
12.5 Latin America Global Potassium Metabisulfite Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Global Potassium Metabisulfite Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Global Potassium Metabisulfite Market Share Analysis, By Type
13.3 Middle East Global Potassium Metabisulfite Market Size and forecast, by Function
13.4 Middle East Global Potassium Metabisulfite Market Size and Forecast, by End User
13.5 Middle East Global Potassium Metabisulfite Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4 Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BASF SE
15.1.1 Overview
15.1.2 Product Categorys
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 LAFFORT
15.2.1 Overview
15.2.2 Product Categorys
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Alkaloid AD Skopje.
15.3.1 Overview
15.3.2 Product Categories
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Aditya Birla Chemicals
15.4.1 Overview
15.4.2 Product Categorys
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Murphy and Son
15.5.1 Overview
15.5.2 Product Categorys
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategie