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PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1315021
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1315021
Global Potassium Citrate Market Size study & Forecast, by Type by Function by End Use Industry and Regional Analysis, 2023-2030
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Global Potassium Citrate Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx over the forecast period 2023-2030. Potassium Citrate, commonly known as tri-potassium citrate, is a citric acid tribasic potassium salt. It is made by mixing citric acid with either potassium carbonate or potassium bicarbonate until effervescence occurs, then filtration, evaporating the solution, and granulating. The market for potassium citrate is driven by increasing demand in the pharmaceuticals and food and beverage sectors, rising health consciousness, and growing demand in personal care products that anticipated to create the lucrative demand for the market.
Moreover, the potassium Citrate is widely used in the pharmaceutical industry as an active ingredient in various medications. It is commonly prescribed for the treatment of urinary tract infections, kidney stones, and as a urinary alkalizer. As the pharmaceutical industry expands and more people seek medical treatments, the demand for Potassium Citrate-containing medications is likely to increase, driving the growth of the Potassium Citrate market. According to Statista in 2023, the global pharmaceutical market has shown remarkable growth. The total market size for 2022 was estimated to be around USD 1.48 trillion, with a slight increase compared to the previous year's valuation of USD 1.42 trillion. Additionally, new product launches and R&D provide lucrative opportunities to the market. However, the high raw material cost of Potassium citrate stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Potassium Citrate Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to increasing demand from the food processing industry. Additionally, the rising demand for metal surface treatment, cosmetics, pharmaceuticals, fertilizers, agrochemicals, and detergents in China is expected to further boost the market in the region during the forecast period. North America is expected to grow significantly during the forecast period, owing to the presence of well-established end-use industries and the increasing adoption of potassium citrate. The rising demand for convenient, on-the-go food products and processed meats is a key driver fueling the market's expansion in the region.
Major market player included in this report are:
- Jungbunzlauer Suisse AG
- The Archer-Daniels-Midland Company
- Cofco Biochemical Co., Ltd.
- Thai Citric Acid Co., Ltd.
- Cargill, Incorporated
- American Tartaric Products
- Gadot Biochemical Industries
- Fbc Industries Inc.
- Posy Pharmachem Pvt., Ltd.
- Huangshi Xinghua Biochemical
Recent Developments in the Market:
- In February 2021, Advicenne, a Parisian biotech company, released a business update highlighting the positive scientific prospects for ADV7103 (potassium citrate/potassium hydrogen carbonate) in Europe. The company is focusing on developing this application for the treatment of distal renal tubular acidosis (dRTA), a rare genetic disease that impairs the kidneys' ability to remove acid from the blood.
Global Potassium Citrate Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimatio: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Function, End-Use Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- Monohydrate
- Anhydrous
By Function:
- Acidulant
- Emulsifier
- Stabilizer
- Antioxidants
- Others
By End Use Industry:
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Potassium Citrate Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Potassium Citrate Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Potassium Citrate Market, by Function, 2020-2030 (USD Billion)
- 1.2.4. Potassium Citrate Market, by End Use Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Potassium Citrate Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Potassium Citrate Market Dynamics
- 3.1. Potassium Citrate Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing Food Sector Industry
- 3.1.1.2. Growing Pharmaceutical Industry
- 3.1.2. Market Challenges
- 3.1.2.1. High Raw Material Cost of Potassium Citrate
- 3.1.2.2. Stringent regulations and compliance
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in R&D
- 3.1.3.2. New product launches
- 3.1.1. Market Drivers
Chapter 4. Global Potassium Citrate Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Potassium Citrate Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Potassium Citrate Market by Type, Performance - Potential Analysis
- 5.3. Global Potassium Citrate Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Potassium Citrate Market, Sub Segment Analysis
- 5.4.1. Monohydrate
- 5.4.2. Anhydrous
Chapter 6. Global Potassium Citrate Market, by Function
- 6.1. Market Snapshot
- 6.2. Global Potassium Citrate Market by Function, Performance - Potential Analysis
- 6.3. Global Potassium Citrate Market Estimates & Forecasts by Function 2020-2030 (USD Billion)
- 6.4. Potassium Citrate Market, Sub Segment Analysis
- 6.4.1. Acidulant
- 6.4.2. Emulsifier
- 6.4.3. Stabilizer
- 6.4.4. Antioxidants
- 6.4.5. Others
Chapter 7. Global Potassium Citrate Market, by End Use Industry
- 7.1. Market Snapshot
- 7.2. Global Potassium Citrate Market by End Use Industry, Performance - Potential Analysis
- 7.3. Global Potassium Citrate Market Estimates & Forecasts by End Use Industry 2020-2030 (USD Billion)
- 7.4. Potassium Citrate Market, Sub Segment Analysis
- 7.4.1. Food & Beverages
- 7.4.2. Pharmaceuticals
- 7.4.3. Personal Care
- 7.4.4. Others
Chapter 8. Global Potassium Citrate Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Potassium Citrate Market, Regional Market Snapshot
- 8.4. North America Potassium Citrate Market
- 8.4.1. U.S. Potassium Citrate Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Function breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End Use Industry breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Potassium Citrate Market
- 8.4.1. U.S. Potassium Citrate Market
- 8.5. Europe Potassium Citrate Market Snapshot
- 8.5.1. U.K. Potassium Citrate Market
- 8.5.2. Germany Potassium Citrate Market
- 8.5.3. France Potassium Citrate Market
- 8.5.4. Spain Potassium Citrate Market
- 8.5.5. Italy Potassium Citrate Market
- 8.5.6. Rest of Europe Potassium Citrate Market
- 8.6. Asia-Pacific Potassium Citrate Market Snapshot
- 8.6.1. China Potassium Citrate Market
- 8.6.2. India Potassium Citrate Market
- 8.6.3. Japan Potassium Citrate Market
- 8.6.4. Australia Potassium Citrate Market
- 8.6.5. South Korea Potassium Citrate Market
- 8.6.6. Rest of Asia Pacific Potassium Citrate Market
- 8.7. Latin America Potassium Citrate Market Snapshot
- 8.7.1. Brazil Potassium Citrate Market
- 8.7.2. Mexico Potassium Citrate Market
- 8.8. Middle East & Africa Potassium Citrate Market
- 8.8.1. Saudi Arabia Potassium Citrate Market
- 8.8.2. South Africa Potassium Citrate Market
- 8.8.3. Rest of Middle East & Africa Potassium Citrate Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Jungbunzlauer Suisse AG
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. The Archer-Daniels-Midland Company
- 9.3.3. Cofco Biochemical Co., Ltd.
- 9.3.4. Thai Citric Acid Co., Ltd.
- 9.3.5. Cargill, Incorporated
- 9.3.6. American Tartaric Products
- 9.3.7. Gadot Biochemical Industries
- 9.3.8. Fbc Industries Inc.
- 9.3.9. Posy Pharmachem Pvt., Ltd.
- 9.3.10. Huangshi Xinghua Biochemical
- 9.3.1. Jungbunzlauer Suisse AG
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Potassium Citrate Market, report scope
- TABLE 2. Global Potassium Citrate Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Potassium Citrate Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 4. Global Potassium Citrate Market estimates & forecasts by Function 2020-2030 (USD Billion)
- TABLE 5. Global Potassium Citrate Market estimates & forecasts by End Use Industry 2020-2030 (USD Billion)
- TABLE 6. Global Potassium Citrate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Potassium Citrate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Potassium Citrate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Potassium Citrate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Potassium Citrate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Potassium Citrate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Potassium Citrate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Potassium Citrate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 14. Global Potassium Citrate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 15. Global Potassium Citrate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 16. U.S. Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 17. U.S. Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 18. U.S. Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 19. Canada Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 20. Canada Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 21. Canada Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 22. UK Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 23. UK Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 24. UK Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 25. Germany Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 26. Germany Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 27. Germany Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 28. France Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 29. France Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 30. France Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 31. Italy Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 32. Italy Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 33. Italy Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 34. Spain Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 35. Spain Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 36. Spain Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 37. RoE Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 38. RoE Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 39. RoE Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 40. China Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 41. China Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 42. China Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 43. India Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 44. India Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 45. India Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 46. Japan Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 47. Japan Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 48. Japan Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 49. South Korea Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 50. South Korea Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 51. South Korea Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 52. Australia Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 53. Australia Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 54. Australia Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 55. RoAPAC Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 56. RoAPAC Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 57. RoAPAC Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 58. Brazil Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 59. Brazil Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 60. Brazil Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 61. Mexico Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 62. Mexico Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 63. Mexico Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 64. RoLA Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 65. RoLA Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 66. RoLA Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 67. Saudi Arabia Potassium Citrate Market estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 68. South Africa Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 69. RoMEA Potassium Citrate Market estimates & forecasts by segment 2020-2030 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Potassium Citrate Market
- TABLE 71. List of primary sources, used in the study of global Potassium Citrate Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
- FIG 1. Global Potassium Citrate Market, research methodology
- FIG 2. Global Potassium Citrate Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Potassium Citrate Market, key trends 2022
- FIG 5. Global Potassium Citrate Market, growth prospects 2023-2030
- FIG 6. Global Potassium Citrate Market, porters 5 force model
- FIG 7. Global Potassium Citrate Market, pest analysis
- FIG 8. Global Potassium Citrate Market, value chain analysis
- FIG 9. Global Potassium Citrate Market by segment, 2020 & 2030 (USD Billion)
- FIG 10. Global Potassium Citrate Market by segment, 2020 & 2030 (USD Billion)
- FIG 11. Global Potassium Citrate Market by segment, 2020 & 2030 (USD Billion)
- FIG 12. Global Potassium Citrate Market by segment, 2020 & 2030 (USD Billion)
- FIG 13. Global Potassium Citrate Market by segment, 2020 & 2030 (USD Billion)
- FIG 14. Global Potassium Citrate Market, regional snapshot 2020 & 2030
- FIG 15. North America Potassium Citrate Market 2020 & 2030 (USD Billion)
- FIG 16. Europe Potassium Citrate Market 2020 & 2030 (USD Billion)
- FIG 17. Asia pacific Potassium Citrate Market 2020 & 2030 (USD Billion)
- FIG 18. Latin America Potassium Citrate Market 2020 & 2030 (USD Billion)
- FIG 19. Middle East & Africa Potassium Citrate Market 2020 & 2030 (USD Billion)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
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