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Report
Potassium Citrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 149 Pages I IMARC Group
The global potassium citrate market size reached US$ 722.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 927.8 Million by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Potassium citrate (K3C6H5O7) or tri-potassium citrate, refers to a white, odorless, citric, hygroscopic crystalline powder that is manufactured by combining potassium bicarbonate and citric acid. It acts as an essential mineral for maintaining body fluid volume, regulating cell function, and balancing electrolytes. This, in turn, helps in treating kidney stone conditions, reducing the risk of metabolic ailments, producing alkalizing effects in the body for balancing urinary pH levels, maintaining a healthy heart, and controlling muscle and nerve function.
Potassium Citrate Market Trends:
The widespread adoption of potassium citrate across various industrial verticals, such as pharmaceutical, cosmetics, and food and beverage (F&B), as an alternative to sodium citrate is one of the prime factors primarily driving the market growth. This is further supported by the rising demand for a healthy diet and increasing health consciousness amongst consumers regarding the increasing prevalence of heart disorders caused due to the consumption of sodium in excessive amount. In line with this, the extensive product utilization as an emulsifying agent for achieving soft crumb structure and enhancing shelf life of various baked and confectionery items is acting as another growth-inducing factor. Moreover, the escalating investments made by the government of various countries in research and development (R&D) activities for introducing diuretics as a clinical medicine to reduce the fluid level in the human body without losing potassium is contributing to the market growth. Potassium citrate also functions as an electrolyte replenisher, protein supplement, excipient, and antiacid, which, in turn, is facilitating their widespread adoption across the healthcare sector. Apart from this, strategic collaborations amongst the key players for launching advanced, potassium-nitrate infused personal care products to extend their existing brand portfolio is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global potassium citrate market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, function and end user.
Breakup by Type:
Monohydrate
Anhydrous
Breakup by Function:
Acidulant
Emulsifier
Stabilizer
Antioxidants
Others
Breakup by End User:
Food and Beverages
Pharmaceuticals
Personal Care
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, ATPGroup, Cargill Incorporated, Dr. Paul Lohmann GmbH & Co. KGaA, FBC Industries, Foodchem International Corporation, Gadot Biochemical Industries Ltd., Huangshi Xinghua Biochemical Co. Ltd., Jiangsu Mupro IFT Corp., Jungbunzlauer Suisse AG, Niran BioChemical Limited, RZBC Group Co. Ltd. and Tate & Lyle PLC.
Key Questions Answered in This Report
1. What was the size of the global potassium citrate market in 2022?
2. What is the expected growth rate of the global potassium citrate market during 2023-2028?
3. What are the key factors driving the global potassium citrate market?
4. What has been the impact of COVID-19 on the global potassium citrate market?
5. What is the breakup of the global potassium citrate market based on the function?
6. What is the breakup of the global potassium citrate market based on the end user?
7. What are the key regions in the global potassium citrate market?
8. Who are the key players/companies in the global potassium citrate market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Potassium Citrate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Monohydrate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Anhydrous
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Function
7.1 Acidulant
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Emulsifier
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Stabilizer
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Antioxidants
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Food and Beverages
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceuticals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Personal Care
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Archer-Daniels-Midland Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 ATPGroup
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cargill Incorporated
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Dr. Paul Lohmann GmbH & Co. KGaA
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 FBC Industries
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Foodchem International Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Gadot Biochemical Industries Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Huangshi Xinghua Biochemical Co. Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Jiangsu Mupro IFT Corp.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Jungbunzlauer Suisse AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Niran BioChemical Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 RZBC Group Co. Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Tate & Lyle PLC
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
Figure 1: Global: Potassium Citrate Market: Major Drivers and Challenges
Figure 2: Global: Potassium Citrate Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Potassium Citrate Market: Breakup by Type (in %), 2022
Figure 5: Global: Potassium Citrate Market: Breakup by Function (in %), 2022
Figure 6: Global: Potassium Citrate Market: Breakup by End User (in %), 2022
Figure 7: Global: Potassium Citrate Market: Breakup by Region (in %), 2022
Figure 8: Global: Potassium Citrate (Monohydrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Potassium Citrate (Monohydrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Potassium Citrate (Anhydrous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Potassium Citrate (Anhydrous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Potassium Citrate (Acidulant) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Potassium Citrate (Acidulant) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Potassium Citrate (Emulsifier) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Potassium Citrate (Emulsifier) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Potassium Citrate (Stabilizer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Potassium Citrate (Stabilizer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Potassium Citrate (Antioxidants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Potassium Citrate (Antioxidants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Potassium Citrate (Other Functions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Potassium Citrate (Other Functions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Potassium Citrate (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Potassium Citrate (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Potassium Citrate (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Potassium Citrate (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Potassium Citrate (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Potassium Citrate (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Potassium Citrate (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Potassium Citrate (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Potassium Citrate Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Potassium Citrate Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Potassium Citrate Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Potassium Citrate Industry: SWOT Analysis
Figure 80: Global: Potassium Citrate Industry: Value Chain Analysis
Figure 81: Global: Potassium Citrate Industry: Porter's Five Forces Analysis
Table 1: Global: Potassium Citrate Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Potassium Citrate Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Potassium Citrate Market Forecast: Breakup by Function (in Million US$), 2023-2028
Table 4: Global: Potassium Citrate Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Potassium Citrate Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Potassium Citrate Market: Competitive Structure
Table 7: Global: Potassium Citrate Market: Key Players
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