Potassium Citrate Market Size, Share, Opportunities, And Trends By Grade Type (Industrial, Food, Pharmaceuticals), By Application (Food And Beverage, Industrial, Pharmaceuticals, Cosmetics), And By Geography - Forecasts From 2024 To 2029
- Published : Mar 2024
- Report Code : KSI061615255
- Pages : 132
The Potassium citrate market is expected to grow at a CAGR of 3.05%, reaching a market size of US$746.804 million in 2029 from US$605.110 million in 2022.
Potassium is a mineral that can be found in a variety of foods. It is essential to the body's ability to function in many ways, most notably the heart. Potassium citrate, sometimes called tri-potassium citrate, is made up of citric acid and potassium salt. It is mostly produced by neutralizing citric acid with potassium carbonate or potassium bicarbonate, followed by crystallization. As a food additive, potassium citrate is widely used and has been shown to simultaneously improve bone and heart health. Renal tubular acidosis, a condition associated with kidney stones, is another condition for which it is used. As an electrolyte, potassium citrate aids in the regulation of nerve and muscle function. Additionally, it has alkalizing properties that help the body balance the pH levels in the urine.
Potassium citrate market growth is anticipated to be driven by the growing demand for processed foods and the consequent expansion of the processed food industry. Growth in the population, rising urbanization and industrialization, and rising consumer demand for non-GMO potassium citrate products are anticipated to propel market expansion. In addition, potassium citrate's remarkable qualities—such as its high water solubility, remarkable biodegradability, and high chemical and microbiological stability—fuel demand for the product on a worldwide scale.
Increasing the use of Potassium Citrate to Replace Sodium Citrate in Food
Potassium citrate is commonly used in place of sodium citrate and is equally effective. Potassium citrate is used in the preparation of foods that require less sodium. An excessive salt diet raises the chance of having a heart attack. Although Americans are advised to consume no more than 1,500 milligrams of sodium per day, they typically consume nearly twice that amount, or 3,400 milligrams. Health issues caused by sodium can be prevented by including potassium in the diet. Food manufacturers are encouraged to use healthier additives like potassium citrate because consumers worldwide are adopting healthier diets and prefer healthier products as a result. Sodium bicarbonate and potassium chloride can be substituted with potassium citrate salt in an oral rehydration solution.
Rising chronic kidney diseases
Individuals with chronic kidney disease (CKD) have a significantly increased risk of cardiovascular disease, which is the primary cause of death in this population. Cardiovascular disease is the leading cause of death for dialysis patients, accounting for 10–20 times higher deaths than in the general population. In addition to diabetes and high blood pressure, other common causes of CKD include heavy metals, toxins, and HIV infection. There are moments when the underlying cause of CKD remains a mystery. Scientists estimate that 14% of Americans suffer from CKD. Potassium citrate is used to treat kidney stone disease, known as renal tubular acidosis. It's also used to prevent kidney stones from arising from gout.
Additionally, the University of Florida College of Veterinary Medicine is accepting cats with kidney disease for a clinical trial assessing potassium citrate and gluconate supplementation for the treatment of metabolic acidosis. In the future, this information might be used to guide particular therapies for cats with CKD and enhance their quality of life.
Increasing Incorporation of Potassium Citrate in Dietary Supplements
Potassium citrate is used in many industrial applications due to its useful qualities. The use of potassium citrate in the formulation of functional products is becoming more and more popular. For example, in June 2020, the kidney stone reduction beverage company Moonstone Nutrition unveiled its first-ever ready-to-drink functional beverage to help customers with kidney stone problems. Kidney stone prevention is offered by Moonstone Nutrition in the form of powdered and ready-to-drink potassium citrate formula. The pH-adjusting and chelating properties of potassium citrate make it a useful ingredient in skincare and cosmetic product formulations that aid in the natural preservation of the product.
High demand in the food & beverages industry
Because potassium citrate is used in so many different industries, it is expected that demand for it will increase. Potassium citrate is mostly used in the food and beverage industry as an acidity regulator. They are also preserved with processed foods like syrups, sugar, and fish products. It is also a part of dairy- and alcohol-based beverages. The personal care and pharmaceutical industries are two of the main ones that use potassium citrate extensively. Potassium citrate promotes the health of the heart as well as many other body processes, such as the smooth operation of multiple organs. Because potassium citrate is GMO-free, it can be consumed by vegans. Given its wide range of applications, potassium citrate products should see a rise in demand.
Asia Pacific is witnessing exponential growth during the forecast period
The largest portion of the global potassium citrate market is accounted for by Asia-Pacific. Potassium citrate is produced and exported most frequently from China in the region. China's largest export market for potassium citrate is the United States. When compared to other regions, this one has very high exports. This is mostly because of the low price that the manufacturers are offering in order to gain a competitive edge; this is explained by the lower cost of producing potassium citrate in the area. Moreover, as potassium citrate has many uses in the food, pharmaceutical, and cosmetic industries, its rapid industrialization in this region is driving up demand for it. The growth of these industries drives up demand for commercial additives, which in turn propels market expansion. The food and pharmaceutical industries have a high demand for potassium citrate, which drives up market demand for potassium citrate in the Asia Pacific region.
Market key launches
- In March 2023, Advicenne, a specialty pharmaceutical business committed to the research and marketing of new therapies for patients suffering from uncommon renal illnesses, announced that Sibnayal®, a ready mix of potassium citrate and potassium bicarbonate, is reimbursed in Denmark. Advicenne and FrostPharma, Nordic and Baltic partners, have achieved significant success with the permitted commercialization of Sibnayal®.
- In January 2023, The American cosmetic company Neutrogena Corporation and the gummy vitamin manufacturer Nourished collaborated to launch The Ageless Skinstack, a customized 3D-printed nutritional supplement for good skin. The market potential in this industry is expanded by the use of potassium citrate as a crucial component in product formulation.
Potassium Citrate Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$605.110 million |
Market Size Value in 2029 | US$746.804 million |
Growth Rate | CAGR of 3.05% from 2022 to 2029 |
Study Period: |
2019 to 2029 |
Historical Data: |
2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Million |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Segmentation:
- By Grade Type
- Industrial
- Food
- Pharmaceuticals
- By Application
- Food and Beverage
- Industrial
- Pharmaceuticals
- Cosmetics
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. POTASSIUM CITRATE MARKET BY GRADE TYPE
5.1. Introduction
5.2. Industrial
5.2.1. Market Trends and Opportunities
5.2.2. Growth Prospects
5.2.3. Geographic Lucrativeness
5.3. Food
5.3.1. Market Trends and Opportunities
5.3.2. Growth Prospects
5.3.3. Geographic Lucrativeness
5.4. Pharmaceutical
5.4.1. Market Trends and Opportunities
5.4.2. Growth Prospects
5.4.3. Geographic Lucrativeness
6. POTASSIUM CITRATE MARKET BY APPLICATION
6.1. Introduction
6.2. Food & Beverages
6.2.1. Market Trends and Opportunities
6.2.2. Growth Prospects
6.2.3. Geographic Lucrativeness
6.3. Industrial
6.3.1. Market Trends and Opportunities
6.3.2. Growth Prospects
6.3.3. Geographic Lucrativeness
6.4. Pharmaceuticals
6.4.1. Market Trends and Opportunities
6.4.2. Growth Prospects
6.4.3. Geographic Lucrativeness
6.5. Cosmetics
6.5.1. Market Trends and Opportunities
6.5.2. Growth Prospects
6.5.3. Geographic Lucrativeness
7. POTASSIUM CITRATE MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Grade Type
7.2.2. By Application
7.2.3. By Country
7.2.3.1. United States
7.2.3.1.1. Market Trends and Opportunities
7.2.3.1.2. Growth Prospects
7.2.3.2. Canada
7.2.3.2.1. Market Trends and Opportunities
7.2.3.2.2. Growth Prospects
7.2.3.3. Mexico
7.2.3.3.1. Market Trends and Opportunities
7.2.3.3.2. Growth Prospects
7.3. South America
7.3.1. By Grade Type
7.3.2. By Application
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.1.1. Market Trends and Opportunities
7.3.3.1.2. Growth Prospects
7.3.3.2. Argentina
7.3.3.2.1. Market Trends and Opportunities
7.3.3.2.2. Growth Prospects
7.3.3.3. Others
7.3.3.3.1. Market Trends and Opportunities
7.3.3.3.2. Growth Prospects
7.4. Europe
7.4.1. By Grade Type
7.4.2. By Application
7.4.3. By Country
7.4.3.1. United Kingdom
7.4.3.1.1. Market Trends and Opportunities
7.4.3.1.2. Growth Prospects
7.4.3.2. Germany
7.4.3.2.1. Market Trends and Opportunities
7.4.3.2.2. Growth Prospects
7.4.3.3. France
7.4.3.3.1. Market Trends and Opportunities
7.4.3.3.2. Growth Prospects
7.4.3.4. Spain
7.4.3.4.1. Market Trends and Opportunities
7.4.3.4.2. Growth Prospects
7.4.3.5. Others
7.4.3.5.1. Market Trends and Opportunities
7.4.3.5.2. Growth Prospects
7.5. Middle East and Africa
7.5.1. By Grade Type
7.5.2. By Application
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.1.1. Market Trends and Opportunities
7.5.3.1.2. Growth Prospects
7.5.3.2. UAE
7.5.3.2.1. Market Trends and Opportunities
7.5.3.2.2. Growth Prospects
7.5.3.3. Israel
7.5.3.3.1. Market Trends and Opportunities
7.5.3.3.2. Growth Prospects
7.5.3.4. Others
7.5.3.4.1. Market Trends and Opportunities
7.5.3.4.2. Growth Prospects
7.6. Asia Pacific
7.6.1. By Grade Type
7.6.2. By Application
7.6.3. By Country
7.6.3.1. Japan
7.6.3.1.1. Market Trends and Opportunities
7.6.3.1.2. Growth Prospects
7.6.3.2. China
7.6.3.2.1. Market Trends and Opportunities
7.6.3.2.2. Growth Prospects
7.6.3.3. India
7.6.3.3.1. Market Trends and Opportunities
7.6.3.3.2. Growth Prospects
7.6.3.4. South Korea
7.6.3.4.1. Market Trends and Opportunities
7.6.3.4.2. Growth Prospects
7.6.3.5. Indonesia
7.6.3.5.1. Market Trends and Opportunities
7.6.3.5.2. Growth Prospects
7.6.3.6. Thailand
7.6.3.6.1. Market Trends and Opportunities
7.6.3.6.2. Growth Prospects
7.6.3.7. Others
7.6.3.7.1. Market Trends and Opportunities
7.6.3.7.2. Growth Prospects
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Cargill
9.2. Tate & Lyle
9.3. ADM
9.4. Jungbunzlauer Suisse AG
9.5. Cofco Biochemical
9.6. American Tartaric Products
9.7. Huangshi Xinghua Biochemical
9.8. Gadot Biochemical Industries
9.9. Niran
9.10. Adani Pharamachem
Cargill
Tate & Lyle
ADM
Jungbunzlauer Suisse AG
Cofco Biochemical
American Tartaric Products
Huangshi Xinghua Biochemical
Niran
Adani Pharamachem
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