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Global Potassium Metabisulfite Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global Potassium Metabisulfite Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jul 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Potassium Metabisulfite Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 475.08 USD Million
Diagram Market Size (Forecast Year) USD 665.33 USD Million
Diagram CAGR %

Major Markets Players

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Global Potassium metabisulfite Market, By Application (Wine Industry, Beer Industry, Food Preservatives, Textile Industry, Photographic Chemicals, Others), Type (Industrial Grade, Food Grade), Function (Antibrowning Agent, Preservative, Bleaching Agent, Others), End- Users (Food & Beverage Industry, Textiles, Gold Processing, Pharmaceutical, Others) – Industry Trends and Forecast to 2030.

Potassium Metabisulfite Market

Potassium Metabisulfite Market Analysis and Size

The food preservative potassium metabisulfite sometimes referred to as potassium pyrosulfate or food additive E224, retains the food's original colour and guards against microorganisms. The potassium derivatives potassium hydroxide (KOH) and potassium carbonate (K2CO3), synthesized by Vynova, make the additive. Potassium chloride (KCl), a salt naturally occurring in the earth's crust and widely utilized in the feed and fertilizer industries, is the electrochemical process that gives rise to KOH and K2CO3.

Data Bridge Market Research analyses that the global potassium metabisulfite market which was USD 475.08 million in 2022, would rocket up to USD 665.33 million by 2030, and is expected to undergo a CAGR of 4.3% during the forecast period. The “Wine industry” is expected to dominate the application segment of the global potassium metabisulfite market because eliminating all of the oxygen suspended in the wine functions as an antioxidant and slows down aging.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Potassium Metabisulfite Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Application (Wine Industry, Beer Industry, Food Preservatives, Textile Industry, Photographic Chemicals, Others), Type (Industrial Grade, Food Grade), Function (Antibrowning Agent, Preservative, Bleaching Agent, Others), End- Users (Food & Beverage Industry, Textiles, Gold Processing, Pharmaceutical, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

BASF SE (Germany), Aditya Birla Chemicals (India), Murphy & Son Ltd (U.K.), Alkaloid AD Skopje. (North Macedonia), Alfa Aesar (India), Jay Dinesh Chemicals. (India), Avantor, Inc (U.S.), Shakti Chemicals (India), Nilkanth Organics (India), Merck KGaA (Germany), PARI CHEMICALS (India), among others

Market Opportunities

  • The demand for alcoholic beverages is rising as the young population grows
  • Rising consumer spending by a significant margin

Market Definition

Having a molecular formula, potassium metabisulfite is also known as potassium pyrosulfite. K S O is a crystalline powder that is white in color and has a strong sulfur-pungent odor. It is mostly employed as an antioxidant or chemical sterilant. At 190 degrees, potassium metabisulfite breaks into potassium sulfite and sulfur dioxide. Both sodium and potassium metabisulfite share several characteristics. Potassium metabisulfite can be replaced by sodium metabisulfite. In the fermentation of wine and the brewing sector, potassium metabisulfite is a crucial ingredient. It serves as a preservative and prevents diseases like bacteria and fungus from proliferating. It is used in the textile industry for things like cotton printing and dyeing.

Global Potassium Metabisulfite Market Dynamics

Drivers

  • Excessive use of potassium metabisulfite in the production of alcohol

The chemical sterilant potassium pyrosulfite, also known as potassium metabisulfite, is employed as a preservative. Numerous end-use industries, including those for wine, beer, textiles, and others, employ potassium metabisulfite. The food and beverage sector uses it most frequently, primarily in the production of wine. Due to its antioxidant qualities, it is utilized as an additive. Potassium bisulfite's reaction during the wine-making process aids in preserving the wine's natural qualities. Additionally, it can be used to stabilize liquids and stop the growth of bacteria. The production procedure for wine uses more than 70% of the potassium metabisulfite produced. Overall, goal expansion is expected to be driven in the upcoming years by the rising demand for wine.

  • Increased consumption of wine in extremely cold regions

In regions that are extremely cold, such as Europe, North America, and several nations in the Asia-Pacific area, the demand for wine goods has grown quickly over time. Beer and wine consumption is rising as a means of controlling body temperature. This is due to the discovery in several research that drinking wine and beer helps raise body temperature. The United States has become the world's greatest wine consumer in part due to its very cold climate. In 2021, the United States used more than 30 million hectoliters of wine, followed by France and Italy, each of which consumed more than 25 million hectoliters. Due to the rise in the number of young people and their propensity for beer and wine, the consumption of wine is also rising in many nations.

Opportunities

  • The demand for alcoholic beverages is rising as the young population grows

Furthermore, the development of technology and the rise in the demand for potassium metabisulfite to meet growing market demand, an increase in market research and development efforts and extend profitable opportunities to the market players in 2023 to 2030. Additionally, rising consumer spending by a significant margin will further expand the future growth of the potassium metabisulfite market.

Restraints/Challenges

  • Exposure to potassium metabisulfite may irritate and redden the skin

Both eating and inhalation of the drug might result in absorption into the body. The material is damaging to the eyes. The chemical irritates the skin, respiratory system, and digestive system. For those who are susceptible, exposure might result in urticaria or responses similar to asthma. At 20°C, evaporation is minimal, yet, when dispersed, a dangerous concentration of airborne particles can be quickly obtained. Continual or continuous inhalation may result in symptoms similar to asthma. The chemical could have an impact on the skin.

This global potassium metabisulfite market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global potassium metabisulfite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In October 2022, Imperial Chemical Sector introduced a new range of potassium bisulfite products for the food and beverage industry. These goods are made to assist food and beverage producers in extending the shelf life of their products and guarding against microorganisms.

Global Potassium Metabisulfite Market Scope

The global potassium metabisulfite market is segmented on the basis of application, type, function, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

  • Wine Industry
  • Beer Industry
  • Food Preservatives
  • Textile Industry
  • Photographic Chemicals
  • Others (Leather industries and Color & Fixer Developers)

Type

  • Industrial Grade
  • Food Grade

Function

End-Users

  • Food & Beverage Industry
  • Textiles
  • Gold Processing
  • Pharmaceuticals
  • Others

Global Potassium Metabisulfite Market Regional Analysis/Insights

The global potassium metabisulfite market is analysed and market size insights and trends are provided by country, application, type, function, and end-users as referenced above.

The countries covered in the global potassium metabisulfite market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

North America is expected to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. This is due to the expansion of the food preservatives sector and the rise in living standards.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Potassium Metabisulfite Market Share Analysis

The global potassium metabisulfite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global potassium metabisulfite market.

Some of the major players operating in the global potassium metabisulfite market are:

  • BASF SE (Germany)
  • Aditya Birla Chemicals (India)
  • Murphy & Son Ltd (U.K.)
  • Alkaloid AD Skopje. (North Macedonia)
  • Alfa Aesar (India)
  • Jay Dinesh Chemicals. (India)
  • Avantor, Inc (U.S.)
  • Shakti Chemicals (India)
  • Nilkanth Organics (India)
  • Merck KGaA (Germany)
  • PARI CHEMICALS (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The potassium metabisulfite market is known to be worth USD 665.33 million by 2030.
The potassium metabisulfite market growth rate is 4.3% by 2030.
Application, type, function, and end-user are the factors on which the potassium metabisulfite market research is based.
Wine Industry, Beer Industry, Food Preservatives, Textile Industry and Photographic Chemicals are the potassium metabisulfite market applications.
Excessive use of potassium metabisulfite in the production of alcohol, and increased consumption of wine in extremely cold regions are the growth drivers of the potassium metabisulfite market.
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