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Global Demand for Potassium Metabisulfite Is Expand At A CAGR of 4.4% To Reach US$ 605.8 Million by 2033

01-23-2023 05:23 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: fact.mr

Potassium Metabisulfite

Potassium Metabisulfite

The global potassium metabisulfite market is set to cross a valuation of US$ 393.9 million in 2023 and further expand at a CAGR of 4.4% to reach US$ 605.8 million by the end of 2033.

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Sales of potassium metabisulfite for food processing accounted for nearly 71% of the global market share at the end of 2022. Strong demand for potassium metabisulfite from the wine industry to maintain the original taste and color of the wine will be the real trigger for potassium metabisulfite sales over the coming years.

Competitive Landscape

Leading market players are focusing on manufacturing different grades of potassium metabislufite such as food grade, technical grade, and industrial grade for use in various end-use industries. Manufacturers have entered into long-term supply contracts with end users to ensure consistent product demand.

Key Companies Profiled:

• Aditya Birla Group
• Alkaloid AD skopje
• American Elements
• Anmol Chemicals Group
• BASF SE
• Esseco Group
• Foodoric Group of Cos
• Jay Dinesh Chemicals
• Juan Messina S.A
• Shakti Chemicals

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" Rising in Demand for Potassium Metabisulfite"

Potassium metabisulfite is a white crystalline powder that is used in a variety of industries, including food and beverage, pharmaceuticals, and water treatment. It is an inorganic compound that is used as a preservative, antioxidant, and disinfectant. It is also used in the production of wine and beer, as well as in the production of photographic film. The demand for potassium metabisulfite has been steadily increasing over the past few years due to its many uses and its relatively low cost. The increasing demand for potassium metabisulfite is driven by its use in food and beverage production.

It is used as a preservative to prevent spoilage and oxidation of food products, as well as to inhibit the growth of bacteria and fungi. It is also used to reduce the bitterness of some foods, such as beer and wine. In addition, it is used in the production of photographic film to reduce the amount of silver halide crystals that are exposed to light. The pharmaceutical industry also uses potassium metabisulfite for its antioxidant properties. It is used to protect drugs from oxidation and degradation, which can reduce their effectiveness.

Additionally, it is used in water treatment to remove chlorine and other contaminants from drinking water. The rising demand for potassium metabisulfite is also driven by its low cost and availability. It is relatively inexpensive compared to other preservatives and antioxidants, making it an attractive option for many industries. Additionally, it is widely available in both powder and liquid form, making it easy to use in a variety of applications.

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Key Segments:

• By Form :

o Liquid
o Solid

 Powder
 Crystal

• By Grade :

o Technical Grade
o Food Grade
o Industrial Grade

• By Function :

o Preservative
o Bleaching Agent
o Antioxidant
o Intermediate
o Others

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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