Potassium Citrate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Potassium Citrate Market Analysis
Potassium Citrate Market and is expected to reach USD 817.51 million by 2024, growing at a CAGR of 3.70%.Potassium citrate has wide range of applications in a number of industries, such as foods & beverages, pharmaceuticals, cosmetics, as well as personal care products.In the food & beverage industry, it hasapplicationssuch as acidity regulator, firming agent, and a preservative. Potassium citrate has its major applications in the food industry. Food industry holds the major share of more than 60% of the total potassium citrate usage. The demand for low sodium products and the increased industrial applications of potassium citrate has boosted the market. Asia Pacific is the largest market for potassium citrate atthe global level.
Potassium Citrate Market Trends
This section covers the major market trends shaping the Potassium Citrate Market according to our research experts:
Growing Popularity For Low Sodium Citrate Content In Foods
Potassium citrate is mostly used as an effective substitute for sodium citrate. Potassium citrate is used in food where sodium content should be less. Excess consumption of sodium has higher risks of heart attacks. The recommended consumption limit of sodium is 1,500 milligrams a day, but the average consumption of sodium in United States is about 3,400 milligrams a day, which is almsot the double. Inclusing potassium in your diet is a solution for avoiding the health issues caused by sodium. Consumers all around the world are shifting to a healthier diet, thus, prefer products that are healthier, which drives manufactures to use healthier additives in foods, such as potassium citrate. Potassium citrate salt can also be used in place of sodium bicarbonate and potassium chloride in oral rehydration solution.
Asia Pacific is the Fastest Growing Market
Asia-Pacific accounts for the largest share of the global potassium citrate market. China is the largest producer and exporter of potassium citrate in the region. United States accounts for the largest export share of potassium citrate from China. The export from this region is very high as compared to other regions. This is mainly due to the low price offered by the manufacturers for a competitive advantage, this is attributted by the lower production cost of potassium citrate in the region. The food & beverage sector accounted for the largest share in the potassium citrate market in Asia-Pacific, due the extensive list of properties of the compound, such as the ability to act as a preservative, emulsifier, etc. The lack of stringent regulations for food additives acts as a prominent factor for the use of potassium citrate in the region.
Potassium Citrate Industry Overview
Global potassium citrate market is fragmented with the presence of many players. Major players have their presence in almost all the major countries.Due to the various applications in food industry, players are formulating strategies for expansion. The major players of the market areArcher Daniels Midland (ADM), Cargill, Jungbunzlauer Company, and Tate & Lyle etc.
Potassium Citrate Market Leaders
-
American Tartaric Products
-
Cargill
-
ADM
-
Tate & Lyle
-
Jungbunzlauer
*Disclaimer: Major Players sorted in no particular order
Potassium Citrate Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Research Phases
- 1.2 Study Deliverables
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
- 3.1 Market Overview
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
-
4.3 Industry Attractiveness - Porter's Five Force Analysis
- 4.3.1 Bargaining Power of Suppliers
- 4.3.2 Bargaining Power of Consumers
- 4.3.3 Threat of New Entrants
- 4.3.4 Threat of Substitute Products
- 4.3.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 By Grade Type
- 5.1.1 Industrial
- 5.1.2 Food
- 5.1.3 Pharmaceuticals
-
5.2 By Application
- 5.2.1 Food and Beverage
- 5.2.2 Industrial
- 5.2.3 Pharmaceuticals
- 5.2.4 Cosmetics
-
5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.1.4 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 United Kingdom
- 5.3.2.2 France
- 5.3.2.3 Germany
- 5.3.2.4 Italy
- 5.3.2.5 Russia
- 5.3.2.6 Spain
- 5.3.2.7 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 Australia
- 5.3.3.4 India
- 5.3.3.5 Rest of Asia Pacific
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Colombia
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East & Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Strategies adopted by Key players
- 6.2 Most Active Companies
- 6.3 Market Share Analysis
-
6.4 Company Profiles
- 6.4.1 Cargill INC.
- 6.4.2 Tate & Lyle
- 6.4.3 ADM
- 6.4.4 Jungbunzlauer Suisse AG
- 6.4.5 Cofco Biochemical
- 6.4.6 American Tartaric Products
- 6.4.7 Huangshi Xinghua Biochemical
- 6.4.8 Gadot Biochemical Industries
- 6.4.9 Niran
- 6.4.10 Juxian Hongde Citric Acid Co.LTD
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Potassium Citrate Industry Segmentation
Global Potassium Citrate Market is segmented by Grade into Industrial, Food and Pharmaceutical. By Application the market is divided into Food and Beverage, Industrial, Pharmaceuticals and Cosmetics. The Geographical analysis of the market is also included in the market.
| By Grade Type | Industrial | |
| Food | ||
| Pharmaceuticals | ||
| By Application | Food and Beverage | |
| Industrial | ||
| Pharmaceuticals | ||
| Cosmetics | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| France | ||
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia Pacific | China |
| Japan | ||
| Australia | ||
| India | ||
| Rest of Asia Pacific | ||
| Geography | South America | Brazil |
| Colombia | ||
| Rest of South America | ||
| Geography | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa |
Potassium Citrate Market Research FAQs
What is the current Potassium Citrate Market size?
The Potassium Citrate Market is projected to register a CAGR of 3.70% during the forecast period (2024-2029)
Who are the key players in Potassium Citrate Market?
American Tartaric Products, Cargill, ADM, Tate & Lyle and Jungbunzlauer are the major companies operating in the Potassium Citrate Market.
Which is the fastest growing region in Potassium Citrate Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Potassium Citrate Market?
In 2024, the Asia Pacific accounts for the largest market share in Potassium Citrate Market.
What years does this Potassium Citrate Market cover?
The report covers the Potassium Citrate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Potassium Citrate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Potassium Citrate Industry Report
Statistics for the 2024 Potassium Citrate market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Potassium Citrate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
