Press release
Why Potassium Citrate industry Is Becoming Essential in Food & Pharmaceutical Markets
Potassium Citrate industry
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Potassium citrate is a potassium salt of citric acid, commonly used as a urinary alkalinizer to prevent kidney stones, manage metabolic acidosis, and treat gout. It also serves as a food additive and buffering agent.
Key Players:
ADM, Gadot Biochemical Industries, Cargill, Huangshi Xinghua Biochemical, Jungbunzlauer Suisse AG, FBC Industries, Foodchem International Corporation, Dr.Paul Lohmann GmbH KG, ICM Pharma and Global Calcium.
Key Development:
In March 2023, Advicenne, a specialty pharmaceutical company, announced the reinstatement of Sibnayal a ready-to-use mix of potassium citrate and potassium bicarbonate-in Denmark, marking improved product commercialization.
Growth Forecast Projected:
The Global Potassium Citrate Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Potassium Citrate Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type: Monohydrate, Anhydrous
By Form: Granular, Powder, Liquid
By Grade: Food Grade, Pharmaceutical Grade, Industrial Grade
By Purity: Less than 98.0%, 98-99%, Above 99%
By Application: Buffering Agent, Flavoring Agent, Stabilizer, Anti-Oxidation Agent, Emulsifier, Acidity Regulator, Others
By End-Use Industry: Food & Beverages, Pharmaceuticals, Personal Care, Others
Regional Analysis for Potassium Citrate Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Potassium Citrate producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Potassium Citrate revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
What is the current size of the Potassium Citrate Market?
A: The Potassium Citrate Market was valued at USD 759 million in 2022, reflecting its strong industry presence.
Q2: How large is the Potassium Citrate Market expected to be by 2031?
A: The industry forecasts suggest the Potassium Citrate Market will grow to around USD 992.2 million by 2030, demonstrating significant expansion.
Q3: What is the growth rate of the Potassium Citrate Market?
A: The market is projected to expand at a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2024 to 2031.
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