Sodium Metabisulfite Market- Global Size to Surpass USD 562.7 Mn By 2027 Says Credence Research

Market Insights

The global sodium metabisulfite market generated revenue of around USD 367.8 million in 2020 and expected to reach USD 562.7 Mn by registering CAGR of 6.4% during the forecast period.

Sodium metabisulfite is an inorganic compound preferably used as an antioxidant agent in pharmaceutical preparations. In addition, the compound also has applications in food preservation and industrial disinfectant amongst others. Extensively increasing food & beverages industry and rising production of pharmaceutical formulations are offering a favorable opportunity for growth of the market.

Key Trends in Global Sodium Metabisulfite Market

Increasing Adoption in Sodium Metabisulfite in Food & Beverages are Expected to Bolster Market Growth-

Sodium metabisulfite is a sulfite that is commonly used in food as an antioxidant, belching agent, and preservative. Furthermore, the compound is used as a reducing agent in fresh and dried fruits, vegetables, and wines. The gradual shift in work-oriented lifestyle is significantly contributing to the increase in demand for packaged food and beverages. For instance, according to a study published on a health blog in 2020, the processed food accounts for around 25-40% of the person’s daily intake in global level. In addition, according to another study published in 2019, an estimated 93.0% of the children in India consumes packaged food at least once a week. Such substantial demand and consumption for packaged food is expected to raise the adoption of sodium metabisulfite, which will eventually drive the market growth during the forecast period.

Browse the full report at https://www.credenceresearch.com/report/sodium-metabisulfite-market

Impact of COVID 19 on Global Sodium Metabisulfite Market

The unexpected rise of coronavirus disease around the world had a negative impact on all industries. The imposition of sudden lockdowns and social distancing policies resulted in the closure of packaged food and beverage production across multiple geographies. Furthermore, these restrictions posed a significant challenge to food supply chains, manufacturing, production, storage, and distribution. Due to shutting down of tourist places and industrial workplaces, the demand for packaged food declined dramatically. This decline in production and manufacturing of packaged food items hampered the growth of global sodium metabisulfite market during the pandemic. Moreover, closing of industrial sectors also deterred the adoption of sodium metabisulfite on global level. COVID 19 resulted into decline of market growth rate as compared to 2019.

Global Sodium Metabisulfite Market by Garde Insights

The grade segment of global sodium metabisulfite market includes food grade, industrial grade, and photo grade. In 2020, industrial grade segment held the largest market share of the sodium metabisulfite market. Also, the same segment is likely to represent highest growth during the forecast period.

Sodium Metabisulfite Market

Global Sodium Metabisulfite Market by End-User Industry Insights-

The gender segment of global sodium metabisulfite market includes chemical & pharma industry, food & beverages industry, photography & film industry, pulp & paper industry, textile industry, and others. In 2020, food & beverages industry segment held major share of the market. It accounted for over 60.0% share in 2020.

Global Sodium Metabisulfite Market by Regional Insights-

In 2020, Asia Pacific led the global sodium metabisulfite market with an estimated 45.0% market share. China, South Korea, India, and South East Asia played a major role in the growth of Asia Pacific sodium metabisulfite market. Certain factors such as rising adoption of the compound in several industrial sectors, increasing consumption of packaged food, and growing production of pharmaceutical drugs are anticipated to drive the market growth. Following Asia Pacific, North America experienced attractive growth as a result of favourable government regulations. A significant number of business activities, such as production expansion and collaborations, are expected to accelerate market growth in Europe.

Global Sodium Metabisulfite Market Competitive Landscape-

Most prominent players in the global sodium metabisulfite market include Yuanye Chemical, Esseco USA, Grillo-werke, Henan Fengbai Chemical Co., Ltd., Aditya Birla Chemicals, Quimser SA, Zhengzhou Clean Chemical Co., Ltd., Meizhou Union Chemical, Tangshan Sanjiang Chemical, Qingdao Tianya Chemical Co., Ltd., and others. The report covers very detailed profiles and growth strategies of these key players.

Download Free Sample PDF including full TOC, Tables and Figures@ https://www.credenceresearch.com/sample-request/60307

Market Segmentation

Global Sodium Metabisulfite Market by Grade, 2015 – 2027

• Food Grade
• Industrial Grade
• Photo Grade

Global Sodium Metabisulfite Market by End-User Industry, 2015 – 2027

• Chemical & Pharma Industry
• Food & Beverages Industry
• Photography & Film Industry
• Pulp & Paper Industry
• Textile Industry
• Others

Global Sodium Metabisulfite Market by Region, 2015 – 2027

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Sodium Metabisulfite Market: Key Players

………

Table of Content

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Sodium Metabisulfite Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Sodium Metabisulfite Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Grade
3.3.2.End-User Industry
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Sodium Metabisulfite Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Sodium Metabisulfite Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Sodium Metabisulfite Market, by Grade, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Food Grade
6.2.3.Industrial Grade
6.2.4.Photo Grade
6.3.North America Sodium Metabisulfite Market, By End-User Industry, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Chemical & Pharma Industry
6.3.3.Food & Beverages Industry
6.3.4.Photography & Film Industry
6.3.5.Pulp & Paper Industry
6.3.6.Textile Industry
6.3.7.Others

7.Europe

7.1.Europe Sodium Metabisulfite Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Sodium Metabisulfite Market, by Grade, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Food Grade
7.2.3.Industrial Grade
7.2.4.Photo Grade
7.3.Europe Sodium Metabisulfite Market, By End-User Industry, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Chemical & Pharma Industry
7.3.3.Food & Beverages Industry
7.3.4.Photography & Film Industry
7.3.5.Pulp & Paper Industry
7.3.6.Textile Industry
7.3.7.Others

8.Asia Pacific

9.Latin America

10.Middle East

11.Africa

12.Global

12.1.Global Sodium Metabisulfite Market, by Grade, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Food Grade
12.1.3.Industrial Grade
12.1.4.Photo Grade
12.2.Global Sodium Metabisulfite Market, By End-User Industry, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Chemical & Pharma Industry
12.2.3.Food & Beverages Industry
12.2.4.Photography & Film Industry
12.2.5.Pulp & Paper Industry
12.2.6.Textile Industry
12.2.7.Others

13.Company Profiles

………..

Buy-Now this Research Report for detailed market insights @ https://www.credenceresearch.com/checkout/60307

Download Free Sample PDF including full TOC, Tables and Figures@ https://www.credenceresearch.com/sample-request/60307

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Tags: Sodium Metabisulfite Market Forecast, Sodium Metabisulfite Market Size, Sodium Metabisulfite market Trends, Global Opportunity in Sodium Metabisulfite, Sodium Metabisulfite Market forecast growth, Sodium Metabisulfite Market

The post Sodium Metabisulfite Market- Global Size to Surpass USD 562.7 Mn By 2027 Says Credence Research appeared first on Financial Market Brief.