Potassium Citrate Market Size, Industry Growth and Forecast 2022-2027
The latest research study “Potassium Citrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global potassium citrate market size reached a value of US$ 692.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 894.2 Million by 2027, exhibiting a CAGR of 4.10% during 2022-2027.
Potassium citrate (K₃C₆H₅O₇), also known as citric acid, tri-potassium citrate, or tripotassium salt is a white, citric, hygroscopic crystalline powder with a saline taste. It is produced by the amalgamation of citric acid and potassium bicarbonate. It acts as a fundamental mineral that regulates cell function, balances electrolytes, maintains fluid body volume, and is mostly used as a systemic and urinary alkalizer. It is also used to treat kidney stones and hypokalemia, reduce the risk of metabolic ailments, regulate muscle and nerve function, produce alkalizing effects for balancing urinary pH levels, and maintain a healthy heart. Owing to these benefits, potassium citrate finds extensive applications in food and beverages (F&B), pharmaceuticals, industrial, and personal care products.
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Potassium Citrate Market Trends and Drivers:
The market is primarily driven by the escalating demand for a healthy diet and increasing health awareness amongst consumers regarding the rising prevalence of heart illnesses caused due to the consumption of sodium in excessive amounts.
In addition, the extensive usage of potassium citrate in the food and beverage (F&B) industry as an emulsifying agent to achieve a soft crumb structure and improve the shelf life of various confectionery and baked items is contributing to the market growth.
Moreover, the widespread adoption of potassium citrate in the healthcare sector as a protein supplement, excipient, antiacid, and electrolyte replenisher represents another major growth-inducing factor. Besides this, increasing investments by various governments in research and development (R&D) activities for launching diuretics as a clinical medicine to minimize the fluid level in the human body without losing potassium are also propelling the market growth.
Global Potassium Citrate Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Archer-Daniels-Midland Company, ATPGroup, Cargill Incorporated, Dr. Paul Lohmann GmbH & Co. KGaA, FBC Industries, Foodchem International Corporation, Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co. Ltd., Jiangsu Mupro IFT Corp., Jungbunzlauer Suisse AG, Niran BioChemical Limited, RZBC Group Co. Ltd. and Tate & Lyle PLC.
The report has segmented the market on the basis of region, type, function and end user.
Breakup by Type:
- Monohydrate
- Anhydrous
Breakup by Function:
- Acidulant
- Emulsifier
- Stabilizer
- Antioxidants
- Others
Breakup by End User:
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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