Potassium Metabisulfite Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2020 - 2025

Report Code: CMR 48460 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Potassium Metabisulfite Market is forecast to reach $527.2 million by 2025, after growing at a CAGR of 3.9% during 2020-2025. With rise in the demand of additives in food and beverage industry particularly in winemaking, the potassium metabisulfite market is witnessing an increase in demand, as it is used as preservatives. Growing demand for wine and beer as a result of changing drinking preferences will further enhance the overall market demand for potassium metabisulfite during the forecast period. 

Potassium metabisulfite, K?S?O?, also known as potassium pyrosulfite, is a white crystalline solid with a pungent sulfur odour. The main use for the chemical is as an antioxidant or chemical sterilant. This prevents most wild microorganisms from growing, and it acts as a potent antioxidant, protecting both the color and delicate flavors of wine.

Report Coverage

The report: “Potassium Metabisulfite Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Potassium Metabisulfite industry.


Key Takeaways

  • Europe dominates the potassium metabisulfite market owing to increasing demand of wine, beer, and food preservatives.
  • The growing usage of preservative in food and beverage industry to retain it natural color and taste, is likely to aid in the market growth of potassium metabisulfite.
  • Increasing demand of wine and beer due to changing drinking preferences across the globe will also increase the market demand for potassium metabisulfite in the near future.

Grade - Segment Analysis

Food grade segment held the largest share in the potassium metabisulfite market in 2019. Increasing usage of preservatives along with rising demand of food and beverages is anticipated to be the major driving factor for rising adoption of food grade potassium metabisulfite. Potassium metabisulfite is used as a preservative and antioxidant. It protects food from bacteria and retains its natural color. Because of its exceptional purity and quality, potassium metabisulfite is used for wine sulfurization where excellent taste is assured.

End-Use - Segment Analysis

Food and beverage sector has been the primary market for potassium metabisulfite for many years and is expected to register growth CAGR of 4.1% over the forecast period from 2020 to 2025. Due to changing drinking habits across the globe and increased demand of packaged foods, the consumption of potassium metabisulfite has always been considerably high in food and beverage industry in comparison to other end use. Growing consumption of food and beverages in APAC region is further enhancing the overall demand of potassium metabisulfite.

Geography - Segment Analysis

Europe dominated the potassium metabisulfite market with a share of more than 35%, followed by North America and APAC. Europe is the major producer and consumer of wine with more than 55% of consumption share. Southern Europe is home to the largest European wine markets. Such countries are distinguished by high production and consumption of domestic wine. Germany and the United Kingdom are the biggest wine markets in Western Europe, mainly because of their large populations. Alcohol consumption pattern is shifting toward APAC region due to increasing population, rising disposable income of middle class, and changing drinking preferences. This can create a huge opportunity for potassium metabisulfite market in APAC region.

Drivers – Potassium Metabisulfite Market

·         Increasing demand for preservatives in food and beverage industry

The rising demand of packaged foods and beverages has resulted in increased use of preservative to protect food against bacteria and conserves their natural color. This is likely to aid potassium metabisulfite market growth. Growing population along with changing eating and drinking preferences is expected to further enhance the food and beverage market growth which further increased demand of potassium metabisulfite as preservatives.

Challenges – Potassium Metabisulfite Market

·         Availability of substitutes

The major drawback for the potassium metasulfite market is availability of its alternative in the market place. Sodium metabisulfite and Campden tablets are some of the substitutes, posing a threat to the potassium metabisulfite growth in coming years. The main difference between sodium metabisulfite and potassium metabisulfite is that one leaves residual sodium levels in the wine and the other leaves some potassium. Both can be used interchangeably.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the potassium metabisulfite market. In 2019, the market of potassium metabisulfite has been consolidated by the top five players accounting for xx% of the share. Potassium Metabisulfite top 10 companies are Aditya Birla Chemicals Limited, BASF SE, Imperial Chemical Incorporation, Murphy and Son Ltd., Laffort, Triveni Chemicals, Interchem Pvt. Ltd, Jay Dinesh Chemicals, Shakti Chemicals, Ultramarines India and, Avantor Performance Chemicals, among others.

Acquisitions/Technology Launches

  • In April 2015, Aditya Birla Chemicals has merged with Grasim Industries.Grasim's business includes the manufacture of viscose staple fibre (VSF), cement and chemicals.

1. Potassium Metabisulfite Market - Overview
        1.1 Definitions and Scope
2. Potassium Metabisulfite Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Potassium Metabisulfite Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Potassium Metabisulfite Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Potassium Metabisulfite Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Potassium Metabisulfite Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Potassium Metabisulfite Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Potassium Metabisulfite Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
9. Potassium Metabisulfite Market - By Type (Market Size -$Million / $Billion)
10. Potassium Metabisulfite - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
            10.3.1 Market Size & Projection
                 10.3.1.1 Growth Consumption of Beer is Driving the Potassium Metabisulfite Demand
            10.3.2 Food Preservatives
            10.3.3 Wine Industry
            10.3.4 Beer Industry 
            10.3.5 Textile Industry
            10.3.6 Photographic Chemicals
            10.3.7 Others
11. Potassium Metabisulfite- By Geography (Market Size -$Million / $Billion)
        11.1 Potassium Metabisulfite Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Mexico
                  11.2.5.3 Canada 
                  11.2.5.4 Rest of North America
        11.3 Potassium Metabisulfite- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Argentina
                  11.4.5.3 Venezuela 
                  11.4.5.4 Colombia 
                  11.4.5.5 Peru
                  11.4.5.6 Ecuador
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Potassium Metabisulfite- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 France
                  11.6.5.3 Italy
                  11.6.5.4 Germany 
                  11.6.5.5 Denmark 
                  11.6.5.6 Belgium
                  11.6.5.7 Netherlands
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Potassium Metabisulfite - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 South Korea
                  11.8.5.3 Japan
                  11.8.5.4 Australia 
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Hong kong
                  11.8.5.8 Malaysia 
                  11.8.5.9 Rest of APAC
        11.9 Potassium Metabisulfite - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Potassium Metabisulfite Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Potassium Metabisulfite Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Potassium Metabisulfite Market - Key Company List by Country Premium
15. Potassium Metabisulfite Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 BASF SE
        15.3 ALFA Aesar 
        15.4 Alkaloid Ad 
        15.5 Avantor Performance Materials 
        15.6 Ever S.R.L.
        15.7 Jay Dinesh Chemicals
        15.8 Laffort
        15.9 Murphy & Son Ltd
        15.10 Company 10
        15.11 Company 11 & More
*Financials would be provided on a best efforts basis for private companies
16. Potassium Metabisulfite Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Potassium Metabisulfite Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

List of Tables

1 US Potassium Metabisulfite Market Size 2018
2 Canada Potassium Metabisulfite Market Share 2018
3 Brazil Potassium Metabisulfite Market Outlook 2019 - 2023
4 Mexico Potassium Metabisulfite Market Research 2018
5 Germany Potassium Metabisulfite Market Trends 2019 - 2023 
6 France Potassium Metabisulfite Market Growth 2019 - 2023 
7 UK Potassium Metabisulfite Market Demand 2019 - 2023 
8 Italy Potassium Metabisulfite Market Segmentation 2018
9 Russia Potassium Metabisulfite Market Analysis 2019 - 2023
10 China Potassium Metabisulfite Market Revenue 2019 - 2023
11 Japan Potassium Metabisulfite Market Volume 2019 - 2023
12 South Korea Potassium Metabisulfite Market Potential 2019 - 2023
13 India Potassium Metabisulfite Market Leaders 2018
14 Saudi Arabia Potassium Metabisulfite Market Forecast 2019 - 2023 
15 Kuwait Potassium Metabisulfite Market Value 2018

List of Figures

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