According to the latest report by IMARC Group, titled “Global Potassium Citrate Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2023-2027“, the global potassium citrate market reached a value of US$ 692.6 Million in 2023. Looking forward, IMARC Group expects the market to reach a value of US$ 894.2 Million by 2027, exhibiting a CAGR of 4.10% during 2023-2027.
Potassium citrate is a white, odorless, hygroscopic crystalline powder obtained from the tribasic potassium salt of citric acid. It is produced by adding potassium carbonate or potassium bicarbonate to citric acid until bubbles arise, which filters the solution and produces granules. It is utilized as a chelator, stabilizer, emulsifier, and antioxidant. Moreover, potassium citrate finds extensive application in multiple industries such as food and beverages, pharmaceuticals, cosmetics, and personal care products like soap, beauty products, and detergent.
Base Year: 2023
Forecast Year: 2023-2027
Potassium Citrate Market Trends and Drivers:
The global potassium citrate market is primarily driven by the significant growth of the healthcare sector. Healthcare professionals prescribe potassium citrate as an electrolyte replenisher, excipient, protein supplement, and antacid. In addition, potassium citrate is an essential mineral for maintaining fluid body volume, regulating cell function, and balancing electrolytes.
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As a result, it is used to treat kidney stone conditions, balance urinary pH levels, and maintain a healthy heart, thus fueling the market growth. Besides this, it is added to various cosmetic and personal care products due to its buffered alkalinity and high solubility in water.
Furthermore, governments across different countries are investing in research and development (R&D) activities for introducing diuretics as clinical medicine, which is anticipated to propel market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Potassium Citrate Market 2023-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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The report has segmented the market on the basis of region, type, function and end user.
Breakup by Type:
Breakup by Function:
Breakup by End User:
- Food and Beverages
- Personal Care
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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