Potassium Citrate Market Research Report 2019-2026: Latest Business Trends, Emerging Economies are Key Opportunity Areas for Market Key Vendors

Potassium Citrate Market:

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.

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.

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 emulsifier segment is expected to dominate the market during the forecast period, 2019–2026. Emulsifiers are extensively used in a variety of food products such as margarine, mayonnaise, candy, packaged processed foods, creamy sauce, and confectionery and baked goods. There is an increasing demand for emulsifiers in processed meat, which is expected to boost the Europe market due to the rising consumption of sausages in the region. The food & beverage segment is expected to hold the largest market share during the forecast period as potassium citrate is extensively used as an acidity regulator and preservative in processed foods such as fish products, sugars and syrups, salt substitutes, hot beverages, dairy-based drinks, infant formulas, alcoholic beverages, and water-based beverages. Additionally, potassium citrate is used as a flavor enhancer, mostly in processed foods and available citrus beverages.

Asia-Pacific is expected to hold the largest market share, owing to the increasing use of cosmetic products such as makeup products, sunscreen, lotions & creams, wherein potassium citrate finds application as a food & beverages, pharmecuticals & cosmetics. Moreover, the growing use of potassium citrate for pH buffering, potassium fortification, and enhancement of stability and complexity and as a systemic alkalizer in pet food and feed propel market growth in the region. According to the U.S. Meat Export Federation, China’s average meat consumption will increase by 20 kg or more in the coming years, as the living standard improves and consumption patterns change.

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The Major Prominent Players Covered in this Report:
Gadot Biochemical Industries Ltd. (Israel), Industries AG (Germany), 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)

By Function, Acidulant,Emulsifier,Diuretic,Others
By End-User,Food & Beverage, Pharmaceuticals, Personal Care, Industrial, Others

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Potassium Citrate Market Trends:
- The report identifies, determines, and forecasts the Global Potassium Citrate Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Potassium Citrate Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Potassium Citrate Market.

Key Questions Answered in The Report:
What will the Potassium Citrate market growth rate?
What are the key factors driving the global Potassium Citrate market?
Who are the key manufacturers in the Potassium Citrate market space?
What are the market opportunities, market risk, and market overview of the Potassium Citrate market?
What are sales, revenue, and price analysis of top manufacturers of the Potassium Citrate market?
Who are the distributors, traders, and dealers of the Potassium Citrate market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Potassium Citrate Industry?
What are sales, revenue, and price analysis by regions of Potassium Citrate industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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