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.
Report Highlights
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.
What is Potassium Citrate?
Potassium citrate (C6H5K3O7) is a white and hygroscopic crystalline powder that is considered a potassium salt of citric acid. It comprises a saline taste and is deliquescent and odorless in nature. It is consumed as a mineral supplement for treating low amounts of potassium in the blood. It is utilized for the management of hypocitraturic calcium oxalate nephrolithiasis. It is employed for treating kidney stone conditions called renal tubular acidosis and preventing kidney stones from occurring with gout. It is also used as a urinary alkalizer for making urine more alkaline and less acidic.
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What are the growth prospects and trends in the potassium citrate industry?
At present, the increasing demand for C6H5K3O7 as a substitute for sodium citrate in various end-use industries, such as pharmaceutical and cosmetics sectors, is propelling the growth of the market.
Besides this, the rising adoption of C6H5K3O7 as an emulsifying agent in the baking and confectionery industry is contributing to the growth of the market. In addition, the growing availability of diuretics as a therapeutic treatment to reduce the fluid level in the human body without minimizing potassium is offering a favorable market outlook.
Apart from this, the increasing utilization of C6H5K3O7 as a preservative in a wide range of food products is bolstering the growth of the market.
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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