Potassium Citrate Market Size is projected to reach USD 1102.14 million by 2031, growing at a CAGR of 3.81%: Straits Research

New York, United States, March 07, 2023 (GLOBE NEWSWIRE) -- The body needs potassium, a mineral present in many foods, to carry out a number of tasks, especially those involving the heart. Potassium salt and citric acid are combined to form potassium citrate, also referred to as tri-potassium citrate. It is primarily produced by neutralizing citric acid with potassium carbonate or potassium bicarbonate, followed by crystallization. The widespread use of potassium citrate as a food additive can simultaneously enhance bone and heart health. Additionally, renal tubular acidosis, a condition associated with kidney stones, is also treated with it. As an electrolyte, potassium citrate supports the regulation of muscle and nerve activity. Additionally, it has alkalizing effects on the body, which balance the pH levels in the urine. The market for potassium citrate is anticipated to grow as a result of the expanding processed food industry and rising demand for processed foods. Market expansion is anticipated to be assisted by rising urbanization, industrialization, and consumer demand for non-GMO potassium citrate products. Additionally, potassium citrate's exceptional qualities, such as its high chemical and microbiological stability, high water solubility, and outstanding biodegradability, fuel demand for this product on a global scale.

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Numerous Applications of Potassium Citrate Drives the Market

The numerous industries it is used in will likely lead to an increase in demand for potassium citrate. Potassium citrate is primarily used as an acidity control agent in the food and beverage industry. Additionally, it is used to preserve processed foods like sugar, syrups, and fish products. It also appears in alcoholic and dairy-based beverages. The pharmaceutical and personal care industries are two of the major ones that use potassium citrate extensively. Potassium citrate supports a number of bodily processes, including the healthy operation of many organs, as well as cardiovascular health. Potassium citrate is suitable for vegans to consume because it is GMO-free. Potassium citrate is anticipated to experience an increase in demand due to its numerous diverse applications.

Increasing Cases of Chronic Kidney Diseases give an Opportunity for Exponential Growth

The leading cause of death in people with chronic kidney disease (CKD) is cardiovascular disease, which is much more likely to affect people with kidney disease. Cardiovascular disease is the leading cause of death for dialysis patients, with rates 10–20 times higher than in the general population. CKD can also be brought on by HIV infection, exposure to toxins, or heavy metals. It is frequently caused by high blood pressure or diabetes. The underlying cause of someone's CKD can occasionally remain a mystery. Scientists' estimates indicate that 14% of Americans suffer from CKD. Potassium citrate is utilized to treat a kidney stone condition known as renal tubular acidosis. It's also used to prevent kidney stones from forming as a result of gout. The urine is alkalinized by potassium citrate. It works by increasing the urine's alkalinity (less acid).

Report Scope

Report Metric	Details
Market Size	USD 1102.14 Million by 2031
CAGR	3.81% (2023-2031)
Historical Data	2020-2021
Base Year	2022
Forecast Period	2023-2031
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Function, End-User
Geographies Covered	North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors	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, Tate & Lyle.
Key Market Opportunities	Increasing Cases of Chronic Kidney Diseases
Key Market Drivers	Numerous Applications of Potassium Citrate

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Regional Analysis

Asia Pacific is the highest contributor in the global potassium citrate market and is anticipated to grow at a CAGR of XX% during the forecast period due to the rising popularity of cosmetic products like sunscreen, lotions, creams, and makeup, where potassium citrate is used in food, drinks, pharmaceuticals, and cosmetics. The region's market is also expected to grow as a result of the rising use of potassium citrate in pet food and feed as a systemic alkalizer for pH buffering, potassium fortification, and enhancement of stability and complexity. The U.S. Meat Export Federation predicts that as living standards rise and consumption habits change, China's average annual meat consumption will rise by 20 kg or more.

Due to rising consumer demand for various skin care products like peels, creams, and face masks, particularly in the United States, North America is expanding significantly. Additionally, according to The NPD Group, Inc., the prestige beauty market in the United States reached USD 18.8 billion in 2018, representing a 6% increase in sales over 2016.

Due to the region's robust healthcare infrastructure and ongoing improvements, Europe is seeing strong growth in the global potassium citrate market. Government support, expanding healthcare spending, and favorable reimbursement practices all contribute to the market's expansion in Europe.

During the forecast period, the LAMEA region is anticipated to experience consistent growth. One of the main things preventing growth in the area is poor economic development. The lack of government support and resulting lack of information are also impeding market expansion in the LAMEA region.

Key Highlights

• The global potassium citrate market size was valued at USD 787.20 million in 2022. It is projected to reach USD 1102.14 million by 2031, growing at a CAGR of 3.81% during the forecast period (2023-2031). 
• Based on function, the global potassium citrate market is bifurcated into emulsifiers, acidulants, and diuretics. The emulsifier segment is the highest contributor to the market and is expected to grow at a Higher CAGR during the forecast period.
• Based on end-use, the global potassium citrate market is bifurcated into food & beverage, pharmaceuticals, personal care, industrial, and others. The food and beverage segment is the highest contributor to the market and is expected to grow at a higher CAGR during the forecast period.
• Asia Pacific is the highest contributor to the global potassium citrate market and is expected to grow at a higher CAGR during the forecast period

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Competitors in Potassium Citrate Market

The global potassium citrate market's major key players are

• Gadot Biochemical Industries Ltd. (Israel)
• Evonik Industries AG (Germany)
• BASF SE (Germany)
• Archer Daniels Midland Company (U.S.)
• Baker Hughes Incorporated (U.S.)
• FBC Industries Inc. (U.S.)
• Cargill Incorporated (U.S.)
• The International Group Inc. (Canada)
• American Tartaric Products Inc. (U.S.)
• Jungbunzlauer Company (Switzerland)
• Foodchem International Corporation (China)
• Tate & Lyle (U.K).

Segmentation of Potassium Citrate Market

By Function

• Emulsifier
• Acidulant
• Diuretic

By End-Use

• Food & Beverage
• Pharmaceuticals
• Personal Care
• Industrial

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA

Table of Content

1. Executive Summary
2. Research Scope & Segmentation
   1. Research Objectives
   2. Market Definition
   3. Limitations & Assumptions
   4. Market Scope & Segmentation
   5. Currency & Pricing Considered
3. Market Opportunity Assessment
   1. Emerging Regions / Countries
   2. Emerging Companies
   3. Emerging Applications / End Use
   4. Investment Landscape
   5. New Business Models / Revenue Streams
   6. TAM
4. Market Trends
   1. Drivers
   2. Market Warning Factors
   3. Latest Macro Economic Indicators
   4. Geopolitical Impact
   5. Human Factors
   6. Technology Factors
5. Market Assessment
   1. Porters Five Forces Analysis
   2. Value Chain Analysis
   3. Raw Material Analysis
   4. Sales And Distribution Channel Analysis
   5. Trade Analysis
   6. M & A Agreements & Collaboration Analysis
   7. Export-Import Analysis
   8. Cost Structure Analysis
6. ESG Trends
7. Global Potassium Citrate Market Size Analysis
   1. Global Potassium Citrate Market Introduction
   2. By Function
      1. Introduction
         1. Function By Value
      2. Acidulant
         1. By Value
      3. Emulsifier
         1. By Value
      4. Diuretic
         1. By Value
      5. Others
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Personal Care
         1. By Value
      5. Industrial
         1. By Value
      6. Others
         1. By Value
8. North America Market Analysis
   1. Introduction
   2. By Function
      1. Introduction
         1. Function By Value
      2. Acidulant
         1. By Value
      3. Emulsifier
         1. By Value
      4. Diuretic
         1. By Value
      5. Others
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Personal Care
         1. By Value
      5. Industrial
         1. By Value
      6. Others
         1. By Value
   4. U.S.
      1. By Function
         1. Introduction
            1. Function By Value
         2. Acidulant
            1. By Value
         3. Emulsifier
            1. By Value
         4. Diuretic
            1. By Value
         5. Others
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Food & Beverage
            1. By Value
         3. Pharmaceuticals
            1. By Value
         4. Personal Care
            1. By Value
         5. Industrial
            1. By Value
         6. Others
            1. By Value
   5. Canada
9. Europe Market Analysis
   1. Introduction
   2. By Function
      1. Introduction
         1. Function By Value
      2. Acidulant
         1. By Value
      3. Emulsifier
         1. By Value
      4. Diuretic
         1. By Value
      5. Others
         1. By Value
   3. By End-User
      1. Introduction
         1. End-User By Value
      2. Food & Beverage
         1. By Value
      3. Pharmaceuticals
         1. By Value
      4. Personal Care
         1. By Value
      5. Industrial
         1. By Value
      6. Others
         1. By Value
   4. U.K.
      1. By Function
         1. Introduction
            1. Function By Value
         2. Acidulant
            1. By Value
         3. Emulsifier
            1. By Value
         4. Diuretic
            1. By Value
         5. Others
            1. By Value
      2. By End-User
         1. Introduction
            1. End-User By Value
         2. Food & Beverage
            1. By Value
         3. Pharmaceuticals
            1. By Value
         4. Personal Care
            1. By Value
         5. Industrial
            1. By Value
         6. Others
            1. By Value
   5. Germany
   6. France
   7. Spain
   8. Italy
   9. Russia
   10. Nordic
   11. Benelux
   12. Rest Of Europe
10. APAC Market Analysis
    1. Introduction
    2. By Function
       1. Introduction
          1. Function By Value
       2. Acidulant
          1. By Value
       3. Emulsifier
          1. By Value
       4. Diuretic
          1. By Value
       5. Others
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Personal Care
          1. By Value
       5. Industrial
          1. By Value
       6. Others
          1. By Value
    4. China
       1. By Function
          1. Introduction
             1. Function By Value
          2. Acidulant
             1. By Value
          3. Emulsifier
             1. By Value
          4. Diuretic
             1. By Value
          5. Others
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Personal Care
             1. By Value
          5. Industrial
             1. By Value
          6. Others
             1. By Value
    5. Korea
    6. Japan
    7. India
    8. Australia
    9. Taiwan
    10. South East Asia
    11. Rest Of Asia-Pacific
11. Middle East And Africa Market Analysis
    1. Introduction
    2. By Function
       1. Introduction
          1. Function By Value
       2. Acidulant
          1. By Value
       3. Emulsifier
          1. By Value
       4. Diuretic
          1. By Value
       5. Others
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Personal Care
          1. By Value
       5. Industrial
          1. By Value
       6. Others
          1. By Value
    4. UAE
       1. By Function
          1. Introduction
             1. Function By Value
          2. Acidulant
             1. By Value
          3. Emulsifier
             1. By Value
          4. Diuretic
             1. By Value
          5. Others
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Personal Care
             1. By Value
          5. Industrial
             1. By Value
          6. Others
             1. By Value
    5. Turkey
    6. Saudi Arabia
    7. South Africa
    8. Egypt
    9. Nigeria
    10. Rest Of MEA
12. LATAM Market Analysis
    1. Introduction
    2. By Function
       1. Introduction
          1. Function By Value
       2. Acidulant
          1. By Value
       3. Emulsifier
          1. By Value
       4. Diuretic
          1. By Value
       5. Others
          1. By Value
    3. By End-User
       1. Introduction
          1. End-User By Value
       2. Food & Beverage
          1. By Value
       3. Pharmaceuticals
          1. By Value
       4. Personal Care
          1. By Value
       5. Industrial
          1. By Value
       6. Others
          1. By Value
    4. Brazil
       1. By Function
          1. Introduction
             1. Function By Value
          2. Acidulant
             1. By Value
          3. Emulsifier
             1. By Value
          4. Diuretic
             1. By Value
          5. Others
             1. By Value
       2. By End-User
          1. Introduction
             1. End-User By Value
          2. Food & Beverage
             1. By Value
          3. Pharmaceuticals
             1. By Value
          4. Personal Care
             1. By Value
          5. Industrial
             1. By Value
          6. Others
             1. By Value
    5. Mexico
    6. Argentina
    7. Chile
    8. Colombia
    9. Rest Of LATAM
13. Competitive Assessment
    1. Adoption Matrix
    2. Potassium Citrate Market Share By Manufacturers
    3. Potassium Citrate Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
14. Market Players Assessment
    1. Gadot Biochemical Industries Ltd. (Israel)
       1. Overview
       2. Business Information
       3. Revenue
       4. ASP
       5. Gross Margin
       6. Swot Analysis
       7. Recent Developments
    2. Evonik Industries AG (Germany)
    3. BASF SE (Germany)
    4. Archer Daniels Midland Company (U.S.)
    5. Baker Hughes Incorporated (U.S.)
    6. FBC Industries Inc.(U.S.)
    7. Cargill Incorporated (U.S.)
    8. The International Group Inc.(Canada)
    9. American Tartaric Products Inc.(U.S.)
    10. Jungbunzlauer Company (Switzerland)
    11. Foodchem International Corporation (China)
    12. Tate & Lyle (U.K)
15. Research Methodology
    1. Research Data
       1. Secondary Data
          1. Major Secondary Sources
          2. Key Data From Secondary Sources
       2. Primary Data
          1. Key Data From Primary Sources
          2. Breakdown Of Primaries
       3. Secondary And Primary Research
          1. Key Industry Insights
    2. Market Size Estimation
       1. Bottom-Up Approach
       2. Top-Down Approach
       3. Market Projection
    3. Research Assumptions
       1. Assumptions
    4. Limitations
    5. Risk Assessment
16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
17. DISCLAIMER

Table of Content and Figure @ https://straitsresearch.com/report/potassium-citrate-market/toc

Recent Developments

• In June 2022, BASF SE launched a new biopolymer for smoother skin called VerdessenceTM RiceTouch.
• In September 2022, Cargill Incorporated launched Plant-based dielectric cooling for data centers.
• In September 2022, FBC Holding launched an exclusive NFT project.

News Media

Increasing Consumption of Processed Food in Europe to Drive the Global Potassium Citrate Market

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