(MarketWatch) - Research and Markets has announced the addition of the "Global Potassium Metabisulfite Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.

The potassium metabisulfite market is valued at $355.5 million in 2015 is anticipated to go above $436.3 million in 2022. Potassium metabisulfite is extensively used for the production of wine and beer. The wine and beer industry are the key drivers for the demand for potassium metabisulfite. The market for wine and beer industry accounted together for approximately 65.5% of the total market in terms of volume in 2014.

The wine industry is the fastest growing industry to increase the demand of potassium metabisulfite. The European region is the hub for the huge production of wine, beer and also the consumption rate of alcoholic beverages is high in the region. Another important factor that gives the extra drift to 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 significant rate due to the regulations and the rising demand for frozen food in the region. Manufacturers are concentrated on catering their customers with advanced products. The consumption of potassium metabisulfite is the highest in the European region. The region accounts for over 50.2% of the total market in terms of volume.