Potassium Metabisulfite Market Size Worth $694.31 Million By 2032 | CAGR: 4.6%

The global potassium metabisulfite market size is expected to reach USD 694.31 million by 2032, according to a new study by Polaris Market Research. The report “Potassium Metabisulfite Market Share, Size, Trends, Industry Analysis Report, By Grade (Technical Grade, Food Grade, and Industrial Grade); By Form; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rapidly increasing prevalence and popularity of the consumption of beer and wine products among younger consumers globally and surging application of the potassium metabisulfite as a preservative because of the rising need for packaged food across several urban areas in both developed and developing economies are among the prominent factors boosting the growth of the market. It is widely used to prevent microorganism growth during the stabilization of beverages and in the textile industry, especially for cotton printing and dyeing, along with the increasing implementation of key players on innovating new products with advanced capabilities, which are also likely to stimulate the market in the forecast period.

For instance, in September 2022, Lupin Limited unveiled its new potassium, sodium, and magnesium sulfate oral solution, which has received approval from the United States Food and Drug Administration (FDA).

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In recent years, there has been a significant rise in the prevalence of potassium as an electrolyte globally, which keeps the body fluids in equilibrium. Since low potassium levels have also been linked to cancer and certain cardiovascular diseases, that has paved the way for greater product applications in the pharmaceutical industry and various other industries, including cosmetic and personal care. The authorities in different emerging economies like India, China, Taiwan, & Indonesia are enacting policies to attract overseas investors to their respective manufacturing sectors or industry through lowering the trade tariffs and duties to create new growth opportunities and potential, which is positively contributing towards the higher growth in the market.

Potassium Metabisulfite Market Report Highlights

• Food grade segment accounted for largest market share in 2022, on account of extensive rise in the demand for the product in numerous applications like food & beverages
• Solid segment held the highest market revenue share in 2022, which is highly attributable to growing penetration globally due to its several beneficial properties like easy handling and transportation
• Food processing segment is projected to account for healthy market share during the forecast period, because of the high demand for the product as an additive and usage during the winemaking worldwide
• Europe region dominated the global market with significant share in 2022, owing to the increasing number of consumers of alcoholic-products and widespread availability of wine & beer producers in the region
• The global key market players include Aditya Birla Chemicals, YARA International, Trivenin Chemicals, Shiang Chemical, Foodoric Group, and Anmol Chemicals.

Polaris Market Research has segmented the potassium metabisulfite market report based on grade, form, application, and region:

Potassium Metabisulfite, Grade Outlook (Revenue - USD Million, 2019 - 2032)

• Technical Grade
• Food Grade
• Industrial Grade

Potassium Metabisulfite, Form Outlook (Revenue - USD Million, 2019 - 2032)

• Liquid
• Solid

Potassium Metabisulfite, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Food Processing
• Textile Printing & Dyeing
• Gold Precipitation
• Others

Potassium Metabisulfite, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Potassium Metabisulfite Market Report Scope