Press release
Potassium Citrate Market Insights on Trends, Drivers and Opportunities by 2023 & key players are Gadot Biochemical Industries, Ltd .; Archer Daniels Midland Company; BASF SE; The International Group, Inc.; Baker Hughes Incorporated.
The Potassium Citrate Market was worth USD 0.61 billion in 2018 and is expected to reach approximately USD 0.84 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 3.66% during the forecast period.
Browse details of 90 numbers of pages research report developed on Potassium Citrate Market @ https://www.researchcosmos.com/reports/potassium-citrate-market-by-function-and-application-global-industry-analysis-and-forecast-to-2023/49171371
Potassium Citrate Market Drivers, Restraints:
Potassium citrate is used primarily as an effective substitute for sodium citrate. Potassium citrate is used in foods whose sodium content has been reduced. Consumers with a diet high in sodium and low in potassium are particularly susceptible to a heart attack. Potassium citrate can also be used instead of sodium bicarbonate and potassium chloride in oral rehydration solution. Potassium citrate finds application in the health sector as a load of electrolytes, excipients, protein supplements and antacids. Demand for diuretics is expected to grow strongly due to the increasing incidence of diseases such as congestive heart failure and edema.
The limiting factor for the world market for potassium citrate is the potential risk of side effects caused by the consumption of potassium-based salts. The high consumption of potassium citrate can lead to adverse effects related to metabolism, renal failure, Addison's disease and gastrointestinal functions. Consumers who use supplements must take into account and understand the level of potassium required by the human body.
Increasing personal health care spending among working professionals will increase the market penetration of supplements and antacids.
Around the world, the potassium citrate is mainly used as a regulator of acidity and as a preservative in processed foods, such as fish products, sugars and syrups, salt substitutes, hot beverages, milk-based beverages, infant formula, alcoholic beverages and water-based beverages.
Potassium Citrate Market Geographic Segmentation:
The Asia-Pacific region had the largest market share in 2016 and is expected to post the highest CAGR over the forecast period (2018-2023). The lack of strict food standards encourages manufacturers to use potassium citrate in a variety of applications. The region also accounts for a large share of world exports of potassium citrate. China is the largest producer and exporter in the Asia Pacific.
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Potassium Citrate Market Key Market Players:
The global market includes leading and established players, particularly in the United States, Israel, Germany, China and United Kingdom. Many participants, including Gadot Biochemical Industries, Ltd .; Archer Daniels Midland Company; BASF SE; The International Group, Inc.; Baker Hughes Incorporated; and Evonik Industries AG, dominate the sector.
Potassium Citrate Market Segmentation:
By Type
• Emulsifier
• Acidulant
• Diuretic
• Others
By Application
• Pharmaceutical
• Food & Beverage
• Personal Care & Household
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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