Potassium Citrate Market Research Report by Application, and Geography – Global Forecast to 2026

Market Growth Opportunities and Forecast to 2026:

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.

Asia-Pacific is expected to dominate the potassium citrate market during the forecast period (2019–2026), owing to the increasing demand for potassium citrate, especially in China. The lack of stringent food regulations acts as a driver for manufacturers to use potassium citrate in various applications.

Europe is experiencing strong growth in the global potassium citrate market, owing to the increasing demand for processed food. In February 2018, families in the U.K. bought more ultra-processed food than other foods in Europe – ultra-processed food amounted to 50.7% of the diet in the U.K. Germany came second with 46.2%, followed by Ireland with 45.9%.

North America is experiencing significant growth, owing to the consumer demand for various cosmetic products and improving standard of living in the region. According to NPD Group Inc., the U.S. prestige beauty industry reached over USD 17.7 billion in 2017. LAMEA is expected to encounter steady growth during the forecast period, owing to low healthcare expenditure and poor financial conditions in the region.

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.

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The Major Players Covered in this Report: The Top Gadot Biochemical Industries Ltd. (Israel), 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):- 77 & More.

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Potassium Citrate in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Potassium Citrate market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Potassium Citrate and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Potassium Citrate. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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COVID-19 Impact Analysis:
- The COVID-19 pandemic had a significant impact on the on trade segment and Industry.
- Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Railway Suspension System industry is expected to stabilize after 2019.
- The liquor industry was not impacted severely due to the pandemic.

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TABLE OF CONTENT:
1          Introduction
1.1       Market Definition
1.2       Market Scope

2          Research Methodology
2.1       Primary Research
2.2       Research Methodology
2.3       Assumptions & Exclusions
2.4       Secondary Data Sources

3          Market Overview
3.1       Report Segmentation & Scope
3.2       Value Chain Analysis: Global Potassium Citrate Market
3.2.1    Vendor Matrix
3.3       Key Market Trends
3.3.1    Drivers
3.3.2    Restraints
3.3.3    Opportunities
3.4       Porter’s Five Forces Analysis
3.4.1    Bargaining Power of Suppliers
3.4.2    Bargaining Power of Buyers
3.4.3    Threat of Substitution
3.4.4    Threat of New Entrants
3.4.5    Competitive Rivalry
3.5       Regulatory Landscape
3.6       Technological Landscape
3.7       Market Share Analysis

4          Function Overview
4.1       Introduction
4.1.1    Market Size & Forecast (Value & Volume)
4.2       Acidulant
4.2.1    Market Size & Forecast (Value & Volume)
4.3       Emulsifier
4.3.1    Market Size & Forecast (Value & Volume)
4.4       Diuretic
4.4.1    Market Size & Forecast (Value & Volume)
4.5       Others
4.5.1    Market Size & Forecast (Value & Volume)

5          End Use Overview
5.1       Introduction
5.1.1    Market Size & Forecast (Value & Volume)
5.2       Food & Beverage
5.2.1    Market Size & Forecast (Value & Volume)
5.3       Pharmaceuticals
5.3.1    Market Size & Forecast (Value & Volume)
5.4       Personal Care
5.4.1    Market Size & Forecast (Value & Volume)
5.5       Industrial
5.5.1    Market Size & Forecast (Value & Volume)
5.6       Others
5.6.1    Market Size & Forecast (Value & Volume)
Continue.....

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