Regional Analysis
Potassium Metabisulfite Market outlook:
- Europe is the largest consumer of potassium metabisulfite market, owing to the high intake of alcoholic beverages in this region, in turn fueling the growth of potassium metabisulfite market. Italy, France, and Turkey accounts for the highest usage of potassium metabisulphide in this region. Increasing demand for frozen food is propelling the growth of potassium metabisulfite market. Italy and Germany accounts for the highest number of breweries in the region. The approval by the European Food and Safety Authority (EFSA) has increased the use of Potassium matabisulfite as a food preservative and in the beverage industry.
- Asia Pacific is expected to be the fastest growing region in potassium metabisulfite market, owing to the increase in number of food and beverage industry in emerging economies. Application of potassium metabisulfite as a food preservative has boosted the growth of potassium metabisulfite market in this region. Increasing per capita income, demand for frozen food and high alcohol intake by the growing population has augmented potassium metabisulfite market in this region.
- North America region is the second largest consumer of potassium metabisulfite. Increasing demand for alcoholic beverages to cope up with low temperature has boosted the growth of Potassium metabisulfite market in this region. North America has the world’s largest textile industry. The trade agreements, North American Free Trade Agreement (NAFTA) and Caribbean Basin Initiative has boosted the textile industry in the region and adding to the demand for Potassium metabisulfate.
- Africa and the Middle East contributes minimum share in the potassium metabisulfite market, owing to the restrictions for production of alcoholic beverages in some economies of this region.
