PUBLISHER: IMARC | PRODUCT CODE: 1298715
PUBLISHER: IMARC | PRODUCT CODE: 1298715
Potassium Citrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global potassium citrate market size reached US$ 722.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 927.8 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Potassium citrate (K3C6H5O7) or tri-potassium citrate, refers to a white, odorless, citric, hygroscopic crystalline powder that is manufactured by combining potassium bicarbonate and citric acid. It acts as an essential mineral for maintaining body fluid volume, regulating cell function, and balancing electrolytes. This, in turn, helps in treating kidney stone conditions, reducing the risk of metabolic ailments, producing alkalizing effects in the body for balancing urinary pH levels, maintaining a healthy heart, and controlling muscle and nerve function.
Potassium Citrate Market Trends:
The widespread adoption of potassium citrate across various industrial verticals, such as pharmaceutical, cosmetics, and food and beverage (F&B), as an alternative to sodium citrate is one of the prime factors primarily driving the market growth. This is further supported by the rising demand for a healthy diet and increasing health consciousness amongst consumers regarding the increasing prevalence of heart disorders caused due to the consumption of sodium in excessive amount. In line with this, the extensive product utilization as an emulsifying agent for achieving soft crumb structure and enhancing shelf life of various baked and confectionery items is acting as another growth-inducing factor. Moreover, the escalating investments made by the government of various countries in research and development (R&D) activities for introducing diuretics as a clinical medicine to reduce the fluid level in the human body without losing potassium is contributing to the market growth. Potassium citrate also functions as an electrolyte replenisher, protein supplement, excipient, and antiacid, which, in turn, is facilitating their widespread adoption across the healthcare sector. Apart from this, strategic collaborations amongst the key players for launching advanced, potassium-nitrate infused personal care products to extend their existing brand portfolio is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global potassium citrate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, function and end user.
Breakup by Type:
Monohydrate
Anhydrous
Breakup by Function:
Acidulant
Emulsifier
Stabilizer
Antioxidants
Others
Breakup by End User:
Food and Beverages
Pharmaceuticals
Personal Care
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, ATPGroup, Cargill Incorporated, Dr. Paul Lohmann GmbH & Co. KGaA, FBC Industries, Foodchem International Corporation, Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co. Ltd., Jiangsu Mupro IFT Corp., Jungbunzlauer Suisse AG, Niran BioChemical Limited, RZBC Group Co. Ltd. and Tate & Lyle PLC.
Key Questions Answered in This Report
1. What was the size of the global potassium citrate market in 2022?
2. What is the expected growth rate of the global potassium citrate market during 2023-2028?
3. What are the key factors driving the global potassium citrate market?
4. What has been the impact of COVID-19 on the global potassium citrate market?
5. What is the breakup of the global potassium citrate market based on the function?
6. What is the breakup of the global potassium citrate market based on the end user?
7. What are the key regions in the global potassium citrate market?
8. Who are the key players/companies in the global potassium citrate market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Potassium Citrate Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Monohydrate
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Anhydrous
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Function
- 7.1 Acidulant
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Emulsifier
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Stabilizer
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Antioxidants
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End User
- 8.1 Food and Beverages
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Pharmaceuticals
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Personal Care
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Archer-Daniels-Midland Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 ATPGroup
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Cargill Incorporated
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 Dr. Paul Lohmann GmbH & Co. KGaA
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 FBC Industries
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Foodchem International Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Gadot Biochemical Industries Ltd.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Huangshi Xinghua Biochemical Co. Ltd.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Jiangsu Mupro IFT Corp.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Jungbunzlauer Suisse AG
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Niran BioChemical Limited
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 RZBC Group Co. Ltd.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.13 Tate & Lyle PLC
- 14.3.13.1 Company Overview
- 14.3.13.2 Product Portfolio
- 14.3.13.3 Financials
- 14.3.13.4 SWOT Analysis
- 14.3.1 Archer-Daniels-Midland Company
List of Figures
- Figure 1: Global: Potassium Citrate Market: Major Drivers and Challenges
- Figure 2: Global: Potassium Citrate Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Potassium Citrate Market: Breakup by Type (in %), 2022
- Figure 5: Global: Potassium Citrate Market: Breakup by Function (in %), 2022
- Figure 6: Global: Potassium Citrate Market: Breakup by End User (in %), 2022
- Figure 7: Global: Potassium Citrate Market: Breakup by Region (in %), 2022
- Figure 8: Global: Potassium Citrate (Monohydrate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Potassium Citrate (Monohydrate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Potassium Citrate (Anhydrous) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Potassium Citrate (Anhydrous) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Potassium Citrate (Acidulant) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Potassium Citrate (Acidulant) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Potassium Citrate (Emulsifier) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Potassium Citrate (Emulsifier) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Potassium Citrate (Stabilizer) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Potassium Citrate (Stabilizer) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Potassium Citrate (Antioxidants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Potassium Citrate (Antioxidants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Potassium Citrate (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Potassium Citrate (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Potassium Citrate (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Potassium Citrate (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Potassium Citrate (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Potassium Citrate (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Potassium Citrate (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Potassium Citrate (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Potassium Citrate (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Potassium Citrate (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: North America: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: North America: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: United States: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: United States: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Canada: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Canada: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Asia-Pacific: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Asia-Pacific: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: China: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: China: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Japan: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Japan: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: India: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: India: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: South Korea: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: South Korea: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Australia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Australia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Indonesia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Indonesia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Europe: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Europe: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Germany: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Germany: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: France: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: France: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: United Kingdom: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: United Kingdom: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Italy: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Italy: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Spain: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Spain: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Russia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Russia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Latin America: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Latin America: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Brazil: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Brazil: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Mexico: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Mexico: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Middle East and Africa: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Middle East and Africa: Potassium Citrate Market: Breakup by Country (in %), 2022
- Figure 78: Middle East and Africa: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Global: Potassium Citrate Industry: SWOT Analysis
- Figure 80: Global: Potassium Citrate Industry: Value Chain Analysis
- Figure 81: Global: Potassium Citrate Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Potassium Citrate Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Potassium Citrate Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Potassium Citrate Market Forecast: Breakup by Function (in Million US$), 2023-2028
- Table 4: Global: Potassium Citrate Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Potassium Citrate Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Potassium Citrate Market: Competitive Structure
- Table 7: Global: Potassium Citrate Market: Key Players
