Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 190.78 million | USD 654.5 million | 16.66% | 2022 |
The global potassium hydrogen sulfite market size was worth around USD 190.78 million in 2022 and is predicted to grow to around USD 654.5 million by 2030 with a compound annual growth rate (CAGR) of roughly 16.66% between 2023 and 2030.
Potassium bisulfite is the alternative name for potassium hydrogen sulfite. Potassium hydrogen sulfite has an extreme odor of sulfur. This can be justified since potassium hydrogen sulfite reacts with the acid of any food product and SO2 is liberated which is helpful in killing harmful micro-organisms that are present in the food products.
The use of the potassium hydrogen sulfite is approved by the FDA. In the food and beverage industry potassium hydrogen sulfite acts as an antioxidant and is used as a preservative. In the pharmaceutical sector, large doses of the sulfite are tolerated as they get rapidly oxidized to sulfates.
The global market for the potassium hydrogen sulfite is fragmented into its grade and application. Based on the grade, the global market is segregated into food grade, photo grade, and technical grade. Based on the application, the market is categorized into chemicals, pharmaceutical, leather, photography, food, wastewater, textiles, and paper & pulp.
The potassium hydrogen sulfite market is growing owing to its increased usage in the leather and the food industry. The development of the end-user industry positively affects the potassium hydrogen sulfite market. For increasing the point of sale of the food products it is necessary to keep them palatable and fresh thus the food manufacturers make use of potassium hydrogen sulfite. During the wine production, the manufacturers use potassium hydrogen sulfite as an additive in order to inhibit the bacterial growth and to enhance the flavor and texture of the wine. Thus, the increasing demand for the wine industry, in turn, increases the demand for the potassium hydrogen sulfite market.
Report Attributes | Report Details |
---|---|
Report Name | Potassium Hydrogen Sulfite Market Research Report |
Market Size in 2022 | USD 190.78 million |
Market Forecast in 2030 | USD 654.5 million |
Growth Rate | CAGR of 16.66% |
Number of Pages | 214 |
Key Companies Covered | Aditya Birla Chemicals Thailand, Sigma-Aldrich Co. LLC., Chemtex Speciality Limited, BASF SE, Murphy and Son Ltd., EVER s.r.l., and Others. |
Segments Covered | By Grade, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The main application of the potassium hydrogen sulfite is in the brewery industry and Western European region is the dominant region in the brewery industry. The countries that are the popular wine manufacturers are Italy, Spain, France, and Germany. The market in the North American region is growing owing to the increasing demand for the ready-to-eat food products. In the coming years, the market will experience a significant growth in the Latin American region. In Brazil and Argentina, the leather industry has made an overall development, which in turn is increasing the demand for the potassium hydrogen sulfite. In Asia Pacific region, the potassium hydrogen sulfite market is growing owing to the presence of the popular players in the brewery industry. The demand for potassium hydrogen sulfite is increasing in the countries such as Australia, India, and China owing to the increasing use of the product in the food industry.
By Grade
By Application
By Region
FrequentlyAsked Questions
Potassium bisulfite is the alternative name for potassium hydrogen sulfite. Potassium hydrogen sulfite has an extreme odor of sulfur.
The potassium hydrogen sulfite market accounted for USD 190.78 million in 2022 and is expected to reach USD 654.5 million by 2030.
The CAGR value of the potassium hydrogen sulfite market is expected to be around 16.66% during 2023-2030.
The market in the North American region is growing owing to the increasing demand for the ready-to-eat food products. In the coming years, the market will experience a significant growth in the Latin American region.
Some key players of the global potassium hydrogen sulfite market are Aditya Birla Chemicals Thailand, Sigma-Aldrich Co. LLC., Chemtex Speciality Limited, BASF SE, Murphy and Son Ltd., and EVER s.r.l.
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