30th July 2019 – Global Potassium
Citrate Market size is expected to reach USD 868.9 million by 2025.
Potassium citrate is a tribasic potassium salt of citric acid with the
molecular formula “K3C6H5O7”. It is also known as “tripotassium citrate”. It is
a white, hygroscopic crystalline powder. It is odorless with a saline taste.
Potassium is an essential mineral which is found in many foods and is needed
for the maintenance of total body fluid volume, normal cell function, and acid
& electrolyte balance. The potassium citrate market is expected to witness
a 3.7% CAGR in the years to come.
Potassium citrate is used to treat a
kidney stone condition called “renal tubular acidosis”. Also, it is used as an
alkalizing agent in the treatment of mild urinary tract infections such as
cystitis. It acts as a cleansing agent in various other industries. Potassium
citrate is used in baby products, bath products, make-up, detergents &
soaps, hair & skin care products and hair dyes & colors.
Potassium citrate is used in various
industries such as food & beverage, pharmaceutical, personal care and
others. The “food & beverage” industry is expected to hold the largest
market share in the upcoming period due to growing M&A activities and
emergence of new economies in the sector. Moreover, growing purchasing power in
developing nations such as India, Indonesia, Brazil, Thailand, and China are expected
to boost the market growth in the next couple of years. Also, potassium citrate
is used as an acid regulator, buffering agent and preservative in various
products including baby food, dairy, infant formula, snacks, cereals, dessert,
ice cream and carbonated soft drinks.
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Functions such as emulsification,
acidification, and others could be explored in potassium citrate industry. The
“emulsifier” segment is projected to grow at a high CAGR in the upcoming period
owing to the increasing utilization of emulsifiers in several food products
including creamy sauce, margarine, candy, mayonnaise, confectionery & baked
goods and packaged processed foods. Emulsifiers perform various functions such
as potassium fortification, treatment of kidney stones & bladder infection
and as a sequestering agent.
The factors that play an important role
in the growth of market include increasing demand, growing population,
increasing urbanization & industrialization, increasing buyer demand for
non-GMO potassium citrate products, growing demand from end use industries for
sodium citrate, increasing awareness about benefits of low sodium levels in
food and growing foods & beverages industry. Moreover, the increasing
demand for potassium citrate due to its superior properties such as high
chemical & microbiological stability, high water solubility and outstanding
biodegradability is expected to propel market growth in the coming years.
However, risk and side effects of
potassium citrate used in food & other products is negatively impacting the
growth of potassium citrate industry. The market is widely analyzed based on
different regional factors such as gross domestic product (GDP), demographics,
acceptance, inflation rate and others. The market is categorized based on
product type, function, application and geography. The market is classified
into product type such as monohydrate, anhydrous and others.
Asia Pacific is dominating the large
market share in the next couple of years due to growing usage of cosmetic
products such as makeup, sunscreens, lotions & cream among the younger
population in India and China. Moreover, growing demand for potassium citrate
due to its properties such as pH buffering, potassium fortification, enhancement
of stability & complexity and ability to act as a systemic alkalizer in pet
food and feed are expected to boost the market growth in this region.
The key players contributing to the
robust development of the potassium citrate market include Gadot Biochemical
Industries Ltd., Evonik Industries AG, BASF SE, Archer Daniels Midland Company,
Baker Hughes Incorporated, FBC Industries Inc., Cargill Incorporated., The
International Group Inc., American Tartaric Products Inc., Jungbunzlauer
Company, Foodchem International Corporation and Tate & Lyle. These market
players are focusing on inorganic growth to sustain themselves amidst fierce
competition. As such, mergers, acquisitions, and joint ventures are the need of
the hour.
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