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Global Potassium Metabisulphite Market Analysis, Forecast: By Grade: Food Grade, Pharma Grade, Industrial Grade; By Application: Beer, Wine, Food Preservatives, Textile, Gold Processing, Pharmaceuticals, Photographic Chemicals, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Potassium Metabisulphite Market Outlook
The global potassium metabisulphite market reached a value of USD 443.84 million in 2023. The industry is further expected to grow at a CAGR of 3.2% in the forecast period of 2024-2032 to reach a value of around USD 591.93 million by 2032.
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.
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Potassium Metabisulphite: Market 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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Grade |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Potassium Metabisulphite Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Metabisulphite Historical Market (2018-2023)
8.3 Global Potassium Metabisulphite Market Forecast (2024-2032)
8.4 Global Potassium Metabisulphite Market by Grade
8.4.1 Food Grade
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pharma Grade
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Industrial Grade
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Potassium Metabisulphite Market by Application
8.5.1 Beer
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Wine
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food Preservatives
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Textile
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Gold Processing
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Pharmaceuticals
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Photographic Chemicals
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Potassium Metabisulphite Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Potassium Metabisulphite Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Potassium Metabisulphite Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Potassium Metabisulphite Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Potassium Metabisulphite Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Potassium Metabisulphite Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 BASF SE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Laffort
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Aditya Birla Group
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Alkaloid AD Skopje
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Esseco USA LLC
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
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 Key Figures and Tables
1. Global Potassium Metabisulphite Market: Key Industry Highlights, 2018 and 2032
2. Global Potassium Metabisulphite Historical Market: Breakup by Grade (USD Million), 2018-2023
3. Global Potassium Metabisulphite Market Forecast: Breakup by Grade (USD Million), 2024-2032
4. Global Potassium Metabisulphite Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Potassium Metabisulphite Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Potassium Metabisulphite Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Potassium Metabisulphite Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Potassium Metabisulphite Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Potassium Metabisulphite Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Potassium Metabisulphite Market Structure
Key Questions Answered in the Report
In 2023, the global potassium metabisulphite market attained a value of nearly USD 443.84 million.
The market is projected to grow at a CAGR of 3.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 591.93 million by 2032.
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 443.84 million in 2023, 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 2024-2032, growing at a CAGR of 3.2%. The market is projected to reach USD 591.93 million by 2032.
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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