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).
Potassium, a mineral found in various food items, is necessary for the body to perform several functions, especially the functioning of the heart. Potassium citrate, also known as tri-potassium citrate, is a combination of potassium salt and citric acid. It is mainly manufactured by the neutralization and subsequent crystallization of citric acid with potassium carbonate or potassium bicarbonate. Potassium citrate is extensively used as a food additive and can simultaneously improve heart and bone health. Additionally, it is also used to treat a kidney stone condition called renal tubular acidosis. Potassium citrate acts as an electrolyte that helps control muscle and nerve function. Moreover, it produces alkalizing effects in the body, helping balance urinary pH levels. The rising demand for processed food and the subsequent expansion of the processed food industry is expected to drive the growth of the potassium citrate market. Population growth, increasing urbanization and industrialization, and increasing demand from the buyers of non-GMO potassium citrate products are expected to boost the market growth. Furthermore, the exceptional properties of potassium citrate, including high chemical and microbiological stability, high water solubility, and outstanding biodegradability, drive the demand for this product globally.
The demand for potassium citrate is anticipated to rise as a result of the wide range of industries in which it is used. The food and beverage industry uses potassium citrate primarily as an acidity regulator. Additionally, processed foods like sugar, syrups, and fish products are preserved with them. Additionally, it is a component of alcoholic and dairy-based drinks. Some of the major industries where potassium citrate is used extensively are the pharmaceutical and personal care industries. Potassium citrate supports both cardiovascular health and a variety of bodily functions, including the healthy operation of numerous organs. Vegans can consume potassium citrate because it contains no GMOs. With so many diverse uses, potassium citrate is expected to see an increase in demand for its products.
Sodium citrate is typically replaced with potassium citrate, which works just as well. Foods that need less sodium are prepared with potassium citrate. High sodium intake increases the risk of heart attacks. The daily sodium intake limit is 1,500 milligrams, but Americans generally consume about 3,400 milligrams of sodium on a daily basis, almost twice the recommended amount. The health problems brought on by sodium can be avoided by including potassium in your diet. Consumers all over the world are switching to healthier diets and preferring healthier products as a result, which motivates food manufacturers to use healthier additives like potassium citrate. In an oral rehydration solution, potassium citrate salt can be used in place of potassium chloride and sodium bicarbonate.
The consumption of potassium citrate can result in a few side effects that can hamper its market growth. Gastrointestinal issues are potassium citrate's most typical side effects. The stomach may become irritated by potassium citrate. An upset stomach, nausea or vomiting, diarrhea, or loose stools can all be brought on by potassium citrate.
Cardiovascular disease, the leading cause of death in those with chronic kidney disease (CKD), is much more likely to strike those with kidney disease. Dialysis patients have death rates from cardiovascular disease that are 10–20 times higher than those in the general population. CKD is frequently brought on by high blood pressure or diabetes, but it can also be brought on by HIV infection, exposure to toxins, or heavy metals. Sometimes the root cause of someone's CKD is still a mystery. According to estimates from scientists, 14% of people in the United States have CKD. Renal tubular acidosis is a kidney stone condition that is treated with potassium citrate. Additionally, it's used to stop kidney stones from developing because of gout. Potassium citrate is an alkalinize for the urine. It functions by raising the alkalinity of the urine (less acid).
Study Period | 2019-2031 | CAGR | 3.81% |
Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
Base Year | 2022 | Base Year Market Size | USD 787.20 Million |
Forecast Year | 2031 | Forecast Year Market Size | USD 1102.14 Million |
Largest Market | Asia Pacific | Fastest Growing Market | Asia Pacific |
The global potassium citrate market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
Asia Pacific is the most significant shareholder in the global Potassium Citrate market and is expected to grow at a healthy CAGR during the forecast period, owing to the increasing use of cosmetic products such as makeup products, sunscreen, lotions & creams, wherein potassium citrate finds application as food & beverages, pharmaceuticals & cosmetics. Moreover, the growing use of potassium citrate for pH buffering, potassium fortification, and enhancement of stability and complexity and as a systemic alkalizer in pet food and feed propel market growth in the region. According to the U.S. Meat Export Federation, China's average meat consumption will increase by 20 kg or more in the coming years as the living standard improves and consumption patterns change.
North America is experiencing significant growth owing to the consumer demand for various skin care products such as peels, creams, and face masks, especially in the U.S. Additionally, according to The NPD Group, Inc., in 2018, the U.S. prestige beauty industry reached USD 18.8 billion and a 6% sales increase than the previous year 2017.
Europe is experiencing strong growth in the global potassium citrate market, owing to the region's strong healthcare infrastructure, which is yet undergoing improvements. Growing healthcare expenditure, government support, and favorable reimbursement policies drive market growth in Europe.
The LAMEA region is expected to witness steady growth during the forecast period. Poor economic development is one of the key factors deterring growth in the region. Lack of knowledge and government support resulted are also hindering market growth in the LAMEA region.
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The global potassium citrate market is segmented by function and application.
Based on function, the global 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 healthy CAGR during the forecast period. Emulsifiers are extensively used in a variety of food products such as margarine, mayonnaise, candy, packaged processed foods, creamy sauce, and confectionery and baked goods. There is an increasing demand for emulsifiers in processed meat, which is expected to boost the Europe market due to the rising consumption of sausages in the region.
The diuretic segment is expected to witness a higher CAGR. In clinical medicine, potassium citrate is used as a diuretic to lessen the amount of fluid in people's blood vessels. The goal of doing this is to lower blood pressure. The potassium citrate market is therefore anticipated to grow due to the rising demand for diuretics to treat renal tubular acidosis and reduce urine acidity.
Based on end-use, the global 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 healthy CAGR during the forecast period as potassium citrate is extensively used as an acidity regulator and preservative in processed foods such as fish products, sugars, and syrups, salt substitutes, hot beverages, dairy-based drinks, infant formulas, alcoholic beverages, and water-based beverages. Additionally, potassium citrate is used as a flavor enhancer, mostly in processed foods and available citrus beverages.
The personal care segment is expected to grow at a significant rate due to its capacity to chelate metal ions and adjust pH. Potassium citrate serves as an emulsifying salt that gives products more stability and complexity. It is a component of goods like creams, lipsticks, and eyebrow pencils. It is also used in a number of oral care products to increase pain sensitivity.
COVID-19, or the Coronavirus disease, has wreaked havoc, unlike any other pandemic the world has witnessed in over a century. Also, the forecasts of its impact on the global economy are unprecedented, with many experts comparing it to the Great Depression of 1929. The United Nations Conference on Trade and Development (UNCTAD) quantified the impact at a staggering USD 1 Trillion.
Lockdowns across industries globally brought manufacturing activities to a grinding halt in most industries worldwide, further resulting in a significant drop in the demand for the product. Thus, the recent outbreak of COVID-19 in countries such as Italy, France, Germany, and Spain is anticipated to hamper the need for the development in the building & construction and other end-use sectors in the near future. In addition, the surging raw material prices and stringent European Union regulations are further anticipated to hamper the market's growth in the upcoming years.
The distribution system was negatively affected due to the suspension of manufacturing plants caused by detentions implemented in the bulk of nations worldwide. Furthermore, domestic and foreign restrictions on travel, quarantine regulations, and confinement slowed the shipment of manufactured parts already on their way. Major players, in particular, are involved in adopting initiatives such as strategic partnerships, mergers & acquisitions, and joint ventures to vertically merge across the value chain.