Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 475.08 Million |
| USD 665.33 Million | |
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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.
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.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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
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Market Opportunities
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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.
Drivers
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.
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
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
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
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
Type
Function
End-Users
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.
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:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Potassium Metabisulfite Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Potassium Metabisulfite Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
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.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.