The potassium Citrate Market and is expected to reach USD 817.55 million by 2030, growing at a CAGR of 3% from Forecasts Period (2022-2030). Citric acid crystallizes with potassium bicarbonate to produce potassium citrate, which is a potassium salt of citric acid. Potassium citrate is used as an acidulant, emulsifier, stabilizer, chelating agent, and antioxidant in a variety of applications. In the food and beverage business, potassium citrate is widely utilized as a significant ingredient in beverages, bakery items, dairy products, and other products. It's also utilized as a
because it helps to control acidity. Furthermore, potassium citrate is employed in the healthcare industry as an emulsifying agent. The rising demand for pharmaceuticals and food and beverage items are the main drivers of the market's expansion. Furthermore, rising public awareness of potassium citrate's health benefits is assisting the market's expansion. In terms of function, the emulsifier segment dominated the potassium citrate market and is likely to continue dominating during the forecast period. Emulsifiers are widely utilized in bread and confectionery products in the food and beverage sector. The cosmetics industry's increased use of emulsifiers is also contributing to the market's rise.
Global Potassium Citrate Market Share, by Application
Source: MRFR analysis
The potassium citrate market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the majority share of 23% of the market in 2017 and is expected to be the fastest-growing regional market during the forecast period. The growing population and the increasing personal disposable income in developing nations are primarily driving the growth of the potassium citrate market in Asia-Pacific. Moreover, the growing food & beverage and healthcare industries in the region are also generating substantial revenue. The growing per capita income in the region has led to the increased demand for cosmetics and personal care products which is expected to drive the growth of the potassium citrate market in the region. North America is another dominant region in the global market. The presence of developed end-use industries and the growing adoption of potassium citrate are the major factors contributing to market growth. The demand for on-the-go food products and processed meats is increasing in the region, which is driving market growth. The European market is expected to grow at a steady rate during the forecast period. Increasing health concerns and the developed cosmetics and personal care industry in the region is positively impacting market growth.
The global potassium citrate market has been segmented by function, application, and region. On the basis of function, the market has been segregated into acidulant, emulsifiers, stabilizer, chelating agent, antioxidant, diuretic, and others. On the basis of application, the market has been segmented into food and beverage, pharmaceuticals, personal care, household, and others. On the basis of region, the global potassium citrate market has been segmented into North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.
Some of the prominent players operating in the global potassium citrate market are Cargill, Incorporated (US), Tate & Lyle Plc (UK), Dr. Paul Lohmann GmbH KG (Germany), Archer Daniels Midland Company (US), Gadot Biochemical Industries Ltd. (Israel), American Tartaric Products Inc (US), and FBC Industries, Inc. (US). Recent Development
In February of 2021, A business update from Parisian biotech Advicenne has been released, concentrating on the most recent positive scientific outlook for ADV7103 (potassium citrate/potassium hydrogen carbonate) in Europe. Advicenne is developing an application for the treatment of distal renal tubular acidosis, a rare genetic disease that affects the kidneys' ability to remove acid from the blood (dRTA). November 2020 is the target date. Gadot Biochemical Industries, based in Israel, recently completed the construction of a production process to produce special grades of Tri-Sodium Citrate (TSC) and Tri Potassium Citrate (TPC) that allow customers to meet the stringent chlorate content requirements of Regulation (EC) No.396/2005 for infant food. The company is the only global supplier of one-of-a-kind mineral additives with a concentration of less than 0.1 mg/kg, allowing customers to meet their regulatory requirements.
The report offers a brief analysis of the major regions in the market, namely, Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
| Report Attribute/Metric | Details |
| Â Â Market Size | Â Â 2030: USD 817.55 million |
| Â Â CAGR | Â Â CAGR of 3% (2022-2030) |
| Â Â Base Year | Â Â 2021 |
| Â Â Forecast Period | 2022-2030 |
| Â Â Historical Data | Â Â 2019Â &Â 2020 |
| Â Â Forecast Units | Â Â Value (USD Million) |
| Â Â Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Â Â Function, Application |
| Â Â Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Â Â Cargill, Incorporated (US), Tate & Lyle Plc (UK), Dr. Paul Lohmann GmbH KG (Germany), Archer Daniels Midland Company (US), Gadot Biochemical Industries Ltd. (Israel), American Tartaric Products Inc (US), and FBC Industries, Inc. (US) |
| Â Â Key Market Opportunities | Â Â New product launches and R&D Amongst major key Players |
| Â Â Key Market Drivers | growing demand in pharmaceuticals and food and beverage products growing awareness about the health benefits of potassium citrate |
Potassium Citrate Market Highlights:
Frequently Asked Questions (FAQ):
The market would achieve a 3.2% CAGR during the forecast period of 2021-2030.
Increasing demand from pharmaceuticals and food & beverage industries would assist the growth.
The Asia Pacific market had the lead in 2020.
Companies like Tate & Lyle Plc (UK), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Dr. Paul Lohmann GmbH KG (Germany), American Tartaric Products Inc (US), Gadot Biochemical Industries Ltd. (Israel), and FBC Industries, Inc. (US) are dominating the market.
The European potassium citrate market would enjoy backing from healthcare, cosmetics, and personal care industries.
The potassium Citrate Market and is expected to reach USD 817.55 million by 2028, growing at a CAGR of 3% from Forecasts Period (2021-2028).
$817.55 Millon
3%
Asia-Pacific
2021-2028
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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