Potassium Metabisulfite Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Potassium Metabisulfite Market Analysis
The potassium metabisulphite market is projected to register a CAGR of more than 4% during the forecast period (2021-2026).
The market growth is hampered by the COVID-19 pandemic, as lockdowns, social distances, and trade sanctions have triggered massive disruptions to global supply chain networks. Due to lockdowns in various countries, most of the industries or factories were temporarily shut down and have impacted the growth of the food and beverage segment. On the other hand, this pandemic has provided new possibilities for pharmaceuticals and textile industries in areas such as rising demand for chemical modifiers/oxidants and PPE suits, among others.
- Over the medium term, the growing demand in the food and beverage industry and increasing usage in the textiles industry are likely to drive the market.
- On the flip side, the presence of substitutes such as sodium and ammonium metabisulfite is likely to hinder the growth of the market.
- The European region dominated the market across the world, with the largest consumption from countries such as Germany and United Kingdom.
Potassium Metabisulfite Market Trends
This section covers the major market trends shaping the Potassium Metabisulfite Market according to our research experts:
Increasing Demand from the Food and Beverage Segment
- Potassium metabisulfite, also called potassium pyrosulfite, is a white crystalline powder having a pungent odor. It has a monoclinic crystal structure due to which gives potassium sulfite and sulfur dioxide on decomposition.
- The growing use of potassium metabisulfite as an additive in wine owing to its antioxidant properties is stimulating the demand for potassium metabisulfite. During the process of winemaking, potassium metabisulfite reacts to form sulfur dioxide, which helps to protect the color and delicate flavors of wine.
- Potassium metabisulfite is used in the brewing industry as a stabilizer to prevent the growth of bacteria and fungi. It is also added to tap water during the process of disinfection for neutralizing monochloramine.
- Additionally, potassium metabisulfite is also used as a food preservative in lemon juice and pickles.
- The significant growth in the food and beverage industry is propelling the demand for potassium metabisulfite across the world.
- According to Statista Market Forecast, the revenue from the food and beverage segment is estimated at USD 276,904 million in 2021. The revenue is expected to show a CAGR of over 8% during the period 2021-2025, and it is expected to reach USD 379,650 million by 2025.
- Owing to all the above-mentioned factors for potassium metabisulfite, its market is expected to grow rapidly over the forecast period.
European Region to Dominate the Market
- The European region is expected to dominate the market for potassium metabisulfite during the forecast period. In countries like the United Kingdom and Germany, owing to a large consumer base due to the increasing youth population and their dependence on beer and other alcoholic drinks, the demand for potassium metabisulfite has been increasing in the region.
- Europe is the major producer and consumer of wine, with more than 55% of the consumption share of wine, owing to which there is a surge in demand for potassium metabisulfite in the region.
- The European alcoholic beverage market is expected to register a CAGR of over 3% during the forecast period, which would provide lucrative opportunities for the potassium metabisulfite market to grow in the near future.
- According to the Statista market forecast, the food and beverage industry in Germany generated a revenue of USD 2.53 billion in 2020, witnessing a rise of 31% compared to 2019. Also, the revenue is expected to reach USD 3.59 billion in 2025.
- Also, the United Kingdom generated a revenue of USD 8.5 billion in 2020, and it is projected to reach USD 10.9 billion in 2025.
- Some of the major companies operating in the European region are LAFFORT, Alkaloid AD Skopje., and BASF SE.
- The aforementioned factors, coupled with government support, are contributing to the increasing demand for potassium metabisulfite during the forecast period.
Potassium Metabisulfite Industry Overview
The potassium metabisulfite market is fragmented, with top players accounting for a marginal share of the market. Major companies in the market include Aditya Birla Chemicals, BASF SE, Murphy and Son, LAFFORT, and Alkaloid AD Skopje.
Potassium Metabisulfite Market Leaders
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BASF SE
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LAFFORT
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Alkaloid AD Skopje.
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Aditya Birla Chemicals
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Murphy and Son
*Disclaimer: Major Players sorted in no particular order
Potassium Metabisulfite Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand in the Food and Beverage Industry
- 4.1.2 Increasing Usage in the Textile Industry
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4.2 Restraints
- 4.2.1 Availability of Substitutes
- 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Application
- 5.1.1 Food and Beverage
- 5.1.2 Textile
- 5.1.3 Gold Processing
- 5.1.4 Pharmaceuticals
- 5.1.5 Photographic Chemicals
- 5.1.6 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 Italy
- 5.2.3.4 France
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) Analysis**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Aditya Birla Chemicals
- 6.4.2 Alfa Aesar
- 6.4.3 Alkaloid AD Skopje
- 6.4.4 BASF SE
- 6.4.5 Esseco USA LLC
- 6.4.6 EVER SRL
- 6.4.7 Jay Dinesh Chemicals
- 6.4.8 LAFFORT
- 6.4.9 Murphy and Son
- 6.4.10 Shakti Chemicals
- 6.4.11 Shalibhadra Group
- 6.4.12 Shandong Minde Chemical Co. Ltd
- 6.4.13 Triveni Chemicals
- 6.4.14 VWR International LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Application in Photographic Chemicals
- 7.2 Other Opportunities
Potassium Metabisulfite Industry Segmentation
The potassium metabisulphite market is segmented by application and geography. By application, the market is segmented into food and beverage, textiles, gold processing, pharmaceutical, photographic chemicals, and other applications. The report also covers the market size and forecasts for the potassium metabisulphite market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Application | Food and Beverage | |
| Textile | ||
| Gold Processing | ||
| Pharmaceuticals | ||
| Photographic Chemicals | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Potassium Metabisulfite Market Research FAQs
What is the current Potassium Metabisulfite Market size?
The Potassium Metabisulfite Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Potassium Metabisulfite Market?
BASF SE , LAFFORT , Alkaloid AD Skopje. , Aditya Birla Chemicals and Murphy and Son are the major companies operating in the Potassium Metabisulfite Market.
Which is the fastest growing region in Potassium Metabisulfite Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Potassium Metabisulfite Market?
In 2024, the Europe accounts for the largest market share in Potassium Metabisulfite Market.
What years does this Potassium Metabisulfite Market cover?
The report covers the Potassium Metabisulfite Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Potassium Metabisulfite Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Potassium Metabisulfite Industry Report
Statistics for the 2023 Potassium Metabisulfite market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Potassium Metabisulfite analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
