Home > Bulk Chemicals > Global Potassium Citrate Market Trends by Function (Acidulant,Emulsifier,Diuretic) End-Use
Straits Research

Potassium Citrate Market

Potassium Citrate Market: Information by Function (Acidulant,Emulsifier,Diuretic) End-Use (Food & Beverage,Pharmaceuticals,Personal Care,Industrial), and Region—Forecast Till 2026

Table of Content Download Sample

Market Snapshot

market snapshot
Base Year:
2017
Study Period:
2016-2026
CAGR:
3.81 %
Fastest Growing Market:
Asia Pacific
Largest Market:
Asia Pacific

Global Statistics Representing Potassium Citrate Market Scenario

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 tripotassium 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 are 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 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 global potassium citrate market is expected to grow at a CAGR of 3.81% during the forecast period (2019–2026) to attain a value of USD 906.73 million by 2026.

Intended Audience

  • Raw Material Suppliers
  • Potassium Citrate Manufacturers
  • Production Process Industries
  • Traders and Distributors of Potassium Citrate
  • Potential Investors
  • Research and Development Institutes

Segmental Insights

The global potassium citrate market is segmented by function, end-use, and region.

On the basis of function, the market is segmented into acidulant, emulsifier, diuretic, and others. The emulsifier segment is expected to dominate the market during the forecast period, 2019–2026. 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.

Based on end-use industry, the market is segmented into food & beverage, pharmaceuticals, personal care, industrial, and others. The food & beverage segment is expected to hold the largest market share 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.

Key Findings

Potassium-Citrate-Market-Key-Finding

Regional Insights

Geographically, the global potassium citrate market is segmented into four regions, namely North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Asia-Pacific is expected to hold the largest market share, owing to the increasing use of cosmetic products such as makeup products, sunscreen, lotions & creams, wherein potassium citrate finds application as a food & beverages, pharmecuticals & 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 pervious 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.

Key Players

Some of the key players in the potassium citrate market 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), and Tate & Lyle (U.K)

Which Future Developments are Expected to Impact the Potassium Citrate Market?

Potassium-Citrate-Market-Future-Development

Report Scope

Report Metric Details
Market Size USD 906.73 million by 2026
CAGR CAGR 3.81%
Historical Data 2015-2016
Base Year 2017
Forecast Period 2018-2026
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Segments Covered by Function (Acidulant,Emulsifier,Diuretic) End-Use (Food & Beverage,Pharmaceuticals,Personal Care,Industrial)
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors 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), and Tate & Lyle (U.K)
Key Market Opportunities Rapid Growth In Bulk Chemicals Industry Enhances Potassium Citrate Market

Potassium Citrate Market Segmentation

By Function

  • Acidulant
  • Emulsifier
  • Diuretic
  • Others

By End-User

  • Food & Beverage
  • Pharmaceuticals
  • Personal Care
  • Industrial
  • Others

By Geography

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • Japan
  • India
  • China
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Latin America, the Middle East, and Africa (LAMEA)

  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of the Middle East and Africa

What Details Does the Potassium Citrate Market Report Cover?

Potassium-Citrate-Market-Report-Cover

Price Starts From
USD4250

Purchase Benefits

  • Eligible for a free updated report next year
  • Completely customizable scope
  • 30% discount on your next purchase
  • Dedicated account manager
  • Query resolution within 24 hours
  • Permission to print the report
Want to learn more about recent trends and data ?
They Already Trust Us :
LG Chemicals
LCY chemical group
Bayer
Airrane
BASF
Lubrizol Corporation
HB Fuller
MITSUBISHI CHEMICAL
Need Assistance?
+1 646 480 7505 (U.S.)
+44 208 068 9665 (U.K.)
Looking For Custom Report ?

Report Benefits

  • Develop business strategies by understanding the trends shaping and driving the Market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analysing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track sales in the global and country-specific Market.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Check Our License Options :
Report Snapshot

As featured on :

clients
Trusted by Fortune 500
Over 30000+ subscribers