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.
Global 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.
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
- Antibrowning Agent
- Preservative
- Bleaching Agent
- Others
- Food and Beverages Industry
- Textiles
- Gold Processing
- Pharmaceutical
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- 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 Strategies
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