Global Potassium Citrate Market Size By Type (Acidulant, Emulsifier), By Application (Food And Beverage, Industrial), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Potassium Citrate Market Size And Forecast

Potassium Citrate Market Size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

Potassium citrate consumption provides numerous health benefits since it contains important minerals for the human body, which aid in maintaining body fluid levels and normal cell activity. Consumers should be informed of the appropriate level of consumption for their health. The Global Potassium Citrate Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Potassium Citrate Market Definition

Potassium citrate, also known as tri-potassium citrate, is a hygroscopic crystalline powder that is made by mixing potassium bicarbonate and citric acid. It is white, odorless, and citric. It maintains body fluid content, regulates cell activity, and balances electrolytes as a vital mineral.

This, in turn, aids in the treatment of kidney stones, the prevention of metabolic diseases, the production of alkalizing effects in the body for balancing urinary pH levels, the maintenance of a healthy heart, and the regulation of muscle and nerve activity. It’s employed in applications that don’t require a lot of sodium. The rise of its end-user sectors, such as pharmaceuticals and food and drinks, is a primary driver driving potassium citrate’s constant growth.

Global Potassium Citrate Market Overview

In these reports, the demand for potassium citrate is predicted to rise as a result of its numerous applications in various sectors. Potassium citrate is primarily utilized as an acidity regulator in the food and beverage sector. It’s also used to keep processed foods like sugar, syrups, and fish products fresh for longer. It’s also found in alcoholic beverages and dairy-based beverages. Potassium citrate is used in large quantities in the pharmaceutical and personal care industries. Potassium citrate enhances cardiovascular function as well as the healthy functioning of several organs in the human body.

Furthermore, the demand for potassium citrate products is predicted to rise as a result of its numerous applications. Increased demand for potassium citrate has drawn several major participants in the industry; domestic businesses such as retailers, wholesalers, suppliers, and others have also become involved. The Potassium Citrate Market in the processed food sector is predicted to rise due to increased consumer awareness of the health benefits of reduced sodium levels in food items.

Moreover, potassium citrate, in addition to lowering the risk of heart attack, has a significant amount of antioxidants. Potassium citrate is used to treat gout and arrhythmia in patients who have low potassium levels in their blood. With all of potassium citrate’s additional benefits, key market participants have a strong chance of increasing their sales and revenue and are expected to drive the market even further.

Global Potassium Citrate MarketSegmentation Analysis

The Global Potassium Citrate Market is Segmented on the basis of Type, Application, And Geography.

Potassium Citrate Market, By Type

  • Acidulant
  • Emulsifier
  • Diuretic
  • Others

Based on Type, The market is segmented into Acidulant, Emulsifier, Diuretic, and Others. Emulsifiers are found in a wide range of foods, including margarine, mayonnaise, candies, packaged processed foods, creamy sauces, confectionery, and baked goods. Because of the expanding consumption of sausages in Europe, there is an increasing demand for emulsifiers in processed meat, which is predicted to improve the European industry and increase the market growth of the Potassium Citrate Market globally.

Potassium Citrate Market, By Application

  • Food & Beverage
  • Industrial
  • Pharmaceuticals
  • Cosmetics
  • Others

We can break down the Potassium Citrate market by what it's used forFood & Beverage, Industrial purposes, Pharmaceuticals, Cosmetics, and a few Other applications. Right now, food and drinks are really driving the demand. Think about itPotassium citrate, which is basically a type of salt from citric acid, is a popular food additive. It helps give things a little zing and cuts down on the sourness. So, because it's an important ingredient in lots of food recipes, the demand for food-grade potassium citrate keeps growing, which is really boosting the whole Potassium Citrate Market worldwide.

Potassium Citrate Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of The World

Looking at where things are happening geographically, the global Potassium Citrate Market is split into North America, Europe, Asia Pacific, and basically, everywhere else. We're expecting some pretty big growth in revenue from the Asia Pacific region. Why? Well, potassium citrate is becoming a real star in the feed and pet food industries. It's got some cool features, like helping with potassium fortification, pH buffering, making things more stable, and even acting as a systemic alkalizer. Plus, the APAC market is going to get a boost from China's booming detergents, agrochemicals, fertilizers, metal surface treatment, cosmetics, and medicines industries – all that means more demand for Potassium Citrate!

Key Players

The “Global Potassium Citrate Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Cargill, FBC Industries, ADM, COFCO Biochemical, American Tartaric Products, Gadot Biochemical Industries, Citrique Belge, Huangshi, Tate & Lyle plc, Posy Pharmachem, and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In May 2021, FBC shareholders will receive an all-cash acquisition of the company by Standard Industries under the terms of the merger agreement.
  • In Dec 2021, With the acquisition of Flavor Infusion International, ADM continues to expand in the high-value flavor segment.
  • In April 2022, Increased soy protein concentrate capacity and nearly doubled extrusion capacity at ADM’s Decatur plant, allowing the company to meet expanding global demand.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2018-2030

Base Year

2021

Forecast Period

2022-2030

HISTORICAL PERIOD

2018-2020

Key Companies Profiled

Cargill, FBC Industries, ADM, COFCO Biochemical, American Tartaric Products, Gadot Biochemical Industries, Citrique Belge.

Segments Covered

• By Type
• By Application
• By Geography

Customization scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

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