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Global Potassium Metabisulphite Market: By Grade: Food Grade, Pharma Grade, Industrial Grade; By Application: Beer, Wine, Food Preservatives, Textile, Gold Processing, Pharmaceuticals, Photographic Chemicals; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Potassium Metabisulphite Market Outlook

The global potassium metabisulphite market reached a value of USD 405 million in 2020. The industry is further expected to grow at a CAGR of 3% in the forecast period of 2021-2026 to reach a value of around USD 490 million by 2026.

 

Rising Consumption of the Product Aiding the Global Market Growth of Potassium Metabisulphite

Europe is among the leading consumer regions for the product, along with North America, which is also witnessing robust growth among the consumers. The product is widely used in the production of beer and wine that are both widely consumed in the polar regions to maintain the body temperature. The rising popularity of beer among the younger consumers is driving the growth of the industry in these regions.

The Asia Pacific is anticipated to witness a robust growth in the forecast period. One of the key reasons behind the growing demand for potassium metabisulphites in the Asia Pacific region is the growth of the food and beverage industry. The rising application of potassium metabisulphite as a preservative due to an increasing requirement for packaged food is furthering the market growth in the region. Enhanced standards of living, increasing disposable incomes in developing countries, and evolving scenarios in beer and wine consumption are also contributing to the growth of the market in the Asia Pacific region.

 

Potassium Metabisulphite: Industry Definition and Segmentation

Potassium metabisulphite is a white crystalline powder. It is also known as potassium pyrosulphite. It is used as a chemical or antioxidant sterilant. It can be used as a solution for the metabisulphite of sodium because it is a disulphite. Metabisulphite in potassium is usually preferred because it does not add sodium to the diet. The decomposition of potassium metabisulphite induces the monoclinical crystal structure of potassium sulphite and sulphur dioxide.

Based on grade, the market can be divided into:

  • Food Grade
  • Pharma Grade
  • Industrial Grade

The product finds extensive applications in the following:

  • Beer
  • Wine
  • Food Preservatives
  • Textile
  • Gold Processing
  • Pharmaceuticals
  • Photographic Chemicals
  • Others

 The regional markets for potassium metabisulphite can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand from the Food and Beverage Industry Bolstering the Market Growth

Potassium metabisulphite is widely used, especially in the food and beverage industry. Throughout the winemaking process, the reaction of potassium metabisulphite to sulphur dioxide helps preserve the wine's original flavour. Potassium metabisulphite is often used to prevent the growth of microorganisms during the stabilization of beverages. The product is also used for pickles preservation. Thus, its extensive use in the food and beverage industry is propelling the growth of the market. The rising demand for potassium metabisulphite from the water and chemical industries is further expected to aid the market growth. Potassium metabisulphite is also widely used in the textile industry, especially in cotton printing and dyeing, which is projected to drive the market growth in the coming years.

 

Key Industry Players in the Global Potassium Metabisulphite Market

The report gives a detailed analysis of the following key players in the global potassium metabisulphite market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE 
  • Laffort 
  • Aditya Birla Group
  • Alkaloid AD Skopje
  • Esseco USA LLC 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*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.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Potassium Metabisulphite Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Potassium Metabisulphite Historical Market (2016-2020) 
    8.3    Global Potassium Metabisulphite Market Forecast (2021-2026)
    8.4    Global Potassium Metabisulphite Market by Grade
        8.4.1    Food Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Pharma Grade
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Industrial Grade
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Potassium Metabisulphite Market by Application
        8.5.1    Beer
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Wine
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Food Preservatives
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Textile
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Gold Processing
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Pharmaceuticals
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Photographic Chemicals
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2016-2020)
            8.5.7.3    Forecast Trend (2021-2026)
        8.5.8    Others
    8.6    Global Potassium Metabisulphite Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    BASF SE 
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Laffort
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Aditya Birla Group
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Alkaloid AD Skopje
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Esseco USA LLC
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

Additional Customisations Available

1    Project Requirements and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Cost of Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Potassium Metabisulphite Market: Key Industry Highlights, 2016 and 2026
2.    Global Potassium Metabisulphite Historical Market: Breakup by Grade (USD Million), 2016-2020
3.    Global Potassium Metabisulphite Market Forecast: Breakup by Grade (USD Million), 2021-2026
4.    Global Potassium Metabisulphite Historical Market: Breakup by Application (USD Million), 2016-2020
5.    Global Potassium Metabisulphite Market Forecast: Breakup by Application (USD Million), 2021-2026
6.    Global Potassium Metabisulphite Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Potassium Metabisulphite Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    North America Historical Price Trends and Forecast 2016-2026
19.    Europe Historical Price Trends and Forecast 2016-2026
20.    Asia Pacific Historical Price Trends and Forecast 2016-2026
21.    Latin America Historical Price Trends and Forecast 2016-2026
22.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
23.    Global Potassium Metabisulphite Market Structure

Key Questions Answered in the Report

In 2020, the global potassium metabisulphite market attained a value of nearly USD 405 million.

The market is projected to grow at a CAGR of 3% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 490 million by 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising food and beverage industry, growing demand for packaged food, improving standards of living, and rising demand from the water, chemical, and textiles industries, are expected to aid the market growth.

The key trend guiding the growth of the market includes the changing scenarios in beer and wine consumption.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading grades of potassium metabisulphite in the market are food grade, pharma grade, and industrial grade.

The major application segments in the industry are beer, wine, food preservatives, textile, gold processing, pharmaceuticals, and photographic chemicals, among others.

The major players in the industry are BASF SE, Laffort, Aditya Birla Group, Alkaloid AD Skopje, and Esseco USA LLC, among others.

Analyst Review

The global potassium metabisulphite market attained a value of USD 405 million in 2020, driven by rising demand for beer and wine. Aided by the rising demand from application segments, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3%. The market is projected to reach USD 490 million by 2026.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By grade, the industry is divided into food grade, pharma grade, and industrial grade. Based on application, the market is segmented into beer, wine, food preservatives, textile, gold processing, pharmaceuticals, and photographic chemicals, among others. The major regional markets for potassium metabisulphite are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Laffort, Aditya Birla Group, Alkaloid AD Skopje, and Esseco USA LLC, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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