DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g9mzc3/potassium)
has announced the addition of the "Potassium
Metabisulfite Market by Application (Wine Industry, Beer Industry, Food
Preservatives, Textile Industry, Photographic Chemicals, & Others) -
Global Forecast to 2020" report to their offering.
The
potassium metabisulfite market in terms of value is estimated to grow
from USD 355.5 Million in 2015 to USD 436.3 Million in 2020 and is
expected to register a CAGR of 4.2% Europe dominates the market in terms
of consumption of potassium metabisulfite. The increased demand for
wine, beer and food preservatives in countries of this region is the
major driver of potassium metabisulfite. Europe is estimated to grow at
a moderate rate; this can be attributed to the demand for wine and beer
industries in European nations.
Potassium metabisulfite based
on the application can be categorized into wine industry, beer industry,
food preservatives industry, textile industry, photographic chemicals,
and others. The wine and beer industry is the dominant segment amongst
all other application. It is because of the huge demand of wine and beer
on global scale. The Asia-Pacific region is the fastest growing region
for potassium metabisulfite from 2015 to 2020. The growth in
Asia-Pacific is primarily driven by China, South Korea and India. The
growth of the food preservatives industry, wine industry, beer industry,
etc. are driving the demand for potassium metabisulfite in the region.
The consumption of potassium metabisulfite in Asia-Pacific is very less
compared to developed regions. In the Asia-Pacific region increasing
population and their demands accompanied with initiatives for new
technologies and products are projected to make the region an ideal
destination for the potassium metabisulfite industry to grow. Improved
lifestyle, increasing cost of living, with increasing population are
estimated to help industries such as wine, beer, food preservatives
industries to flourish in developing regions, and thereby help the
potassium metabisulfite industry to grow.
Italy, Turkey, and
France accounts for 64.0% of the total potassium metabisulfite market in
the European region. Italy is the fastest growing nation for the demand
of potassium metabisulfite in the European region and is followed by
France and Turkey. The Wine industry is the fastest growing industry for
the demand of potassium metabisulfite. The region is the hub for the
large production volumes of wine and beer and also the consumption rate
of alcoholic beverages are very high. Another important factor that
boosts the demand for potassium metabisulfite is the food regulation
imposed by the government and European Food Safety Authority. The food
preservatives industry is also growing with a good rate because of the
regulations and also the growing demand for frozen food in the region
Key
Topics Covered
- Introduction
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Potassium Metabisulfite Market, by ApplicationĀ
- Potassium Metabisulfite Market, Regional Analysis
- Company Profiles
Companies Mentioned
- Aditya Birla Chemicals, Thailand
- Alfa Aesar
-
Alkaloid
- Avantor Performance Materials
-
Basf
-
Ever
-
Feedway Europe
- Jay Dinesh Chemicals
- Laffort
- Murphy & SonĀ
For more information visit http://www.researchandmarkets.com/research/g9mzc3/potassium