Press release
Potassium Metabisulfite Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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Increasing demand for food and beverage industry is a major driving factor for the growth of potassium metabisulfite market. The increasing consumption of alcoholic beverages is boosting the growth of the potassium metabisulfite market. Adverse effects of potassium metabisulfite on skin and the restriction on alcoholic beverages in some economies is restraining the growth of the potassium metasulfite market.
Potassium Metabisulfite Market Taxonomy:
On basis of Product type, the global potassium metabisulfite market is segmented as:
Food Grade
Medical Grade
Industry Grade
On basis of Application, the global potassium metabisulfite market is segmented as:
Alcoholic beverages
Pharmaceuticals
Textile
Food
Photography
Gold processing
Wine
Others
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Potassium Metabisulfite Market outlook:
Europe is the largest consumer of potassium metabisulfite market, owing to the high intake of alcoholic beverages in this region, in turn fueling the growth of potassium metabisulfite market. Italy, France, and Turkey accounts for the highest usage of potassium metabisulphide in this region. Increasing demand for frozen food is propelling the growth of potassium metabisulfite market. Italy and Germany accounts for the highest number of breweries in the region. The approval by the European Food and Safety Authority (EFSA) has increased the use of Potassium matabisulfite as a food preservative and in the beverage industry.
Asia Pacific is expected to be the fastest growing region in potassium metabisulfite market, owing to the increase in number of food and beverage industry in emerging economies. Application of potassium metabisulfite as a food preservative has boosted the growth of potassium metabisulfite market in this region. Increasing per capita income, demand for frozen food and high alcohol intake by the growing population has augmented potassium metabisulfite market in this region.
North America region is the second largest consumer of potassium metabisulfite. Increasing demand for alcoholic beverages to cope up with low temperature has boosted the growth of Potassium metabisulfite market in this region. North America has the world’s largest textile industry. The trade agreements, North American Free Trade Agreement (NAFTA) and Caribbean Basin Initiative has boosted the textile industry in the region and adding to the demand for Potassium metabisulfate.
Africa and the Middle East contributes minimum share in the potassium metabisulfite market, owing to the restrictions for production of alcoholic beverages in some economies of this region.
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The major players are adopting various organic and inorganic growth strategies. For instance, in 2017 Asahi group acquired Peroni Brewery in Italy. Major players operating the potassium metabisulfide market include Imperial Chemical Industries, Aditya Birla Chemicals, Murphy and Son Ltd., Laffort, Avantor Performance Materials Inc., Alfa Aesar, Esseco, Imperial Oilfield Chemicals, BASF S.E., and Wego Chemicals
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