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Global Potassium Metabisulphite Market to Reach USD 490 Million by 2026, Aided by the Rising Food Industry

According to a new report by EMR titled, ‘Global Potassium Metabisulphite Market Report and Forecast 2021-2026’, the global market for potassium metabisulphite attained a value of USD 405 million in 2020. The market is further projected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach USD 490 million by 2026.

The global market for potassium metabisulphite is being driven by the rising demand for the product from the food industry. Potassium metabisulphite is extensively used for food preservation and in the wine and beer industry. For instance, BASF’s (OTCMKTS: BASFY) food-grade potassium metabisulphite finds extensive applications across various segments of the food industry, such as juices, nectars, and syrups, beer, sports beverages, energy drinks, and soft drinks, wine, and other food products. The product is especially used for sulphurisation of wine to enhance its taste. Thus, due to the presence of a robust wine industry, Europe has emerged has a significant consumer of potassium metabisulphite. In the coming years, the Asia Pacific region is also expected to present the potassium metabisulphite industry with lucrative growth opportunities due to the improving living standards, expanding the food preservation industry, and rising wine and beer industry in the region.

The global potassium metabisulphite industry is also being aided by the rising textile industry. In the textile industry, potassium metabisulfite is widely used for the printing and dyeing of cotton. It is also often used as a disinfectant to neutralize the effects of chloramine dissolved in tap water. The bleaching properties of potassium metabisulfite make it a useful bleaching agent, in particular for coconut cream production. Potassium metabisulfite is also used in the aqua regia solution as an alternative to sodium sulphite for gold precipitation. Thus, the rising applications of the product across various industry sectors are expected to propel the growth of the market in the coming years.

Market Analysis by Grade, Applications, and Regions:

  • The grades of the product can be divided into food grade, pharma grade, and industrial grade.
  • Potassium metabisulphite finds wide applications in beer, wine, food preservatives, textile, gold processing, pharmaceuticals, and photographic chemicals, among others.
  • The regional markets for potassium metabisulphite include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Potassium metabisulphite is widely used in the textile industry, especially in cotton printing and dyeing, which is likely to drive the market growth.
  • The rising demand for processed and packaged food is aiding the growth of the market.
  • The growing disposable incomes and enhancing lifestyles are contributing to the growth of the beer and wine industries, which is further contributing to the growth of the potassium metabisulphite industry.
  • The rising demand for potassium metabisulphite from the water and chemical industries is further expected to boost the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for potassium metabisulphite for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the grades, applications, and major regions of potassium metabisulphite.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global potassium metabisulphite market are BASF SE, Laffort, Aditya Birla Group, Alkaloid AD Skopje, and Esseco USA LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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