The Global Potassium Citrate Market research report interprets definition, an investigation of significant progress in the industry. It provides overall industry survey, product description, wide array of applications, top players, and development forecast. It enhances understanding about that market along with new business trends.
The Potassium Citrate Market report discusses the primary industry
growth drivers and challenges that the vendors and the market as a whole face
and provides an overview of the key trends emerging in the market. It also
talks about the market size of different segments and their growth aspects
along with key leading countries in Americas, Asia-Pacific, Europe, the Middle
East, and Africa regions.
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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.
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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