IMARC Group, a leading market research company, has recently releases report titled “Potassium Citrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global potassium citrate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Potassium Citrate Market?
The global potassium citrate market size reached US$ 722.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 927.8 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
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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What are the growth prospects and trends in the potassium citrate industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Monohydrate
- Anhydrous
Breakup by Function:
- Acidulant
- Emulsifier
- Stabilizer
- Antioxidants
- Others
Breakup by End User:
- Food and Beverages
- Pharmaceuticals
- Personal Care
- Others
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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.
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