The global potassium
citrate market size is expected to reach USD 868.9 million by
2025, according to a report by Grand View Research, Inc., registering a CAGR of
3.7% during the forecast period. Increasing demand for potassium citrate on
account of to its superior properties such as high water solubility, high
chemical and microbiological stability, and outstanding biodegradability is
anticipated to propel industry growth.
Emulsifiers perform various functions, such as
potassium fortification, treatment of bladder infection and kidney stones, and
as a sequestering agent. This has upped its demand in desserts, confectionery,
bakery, juices and drinks, and syrups.
The personal care and household application accounted
for 9.34% of the overall revenue in 2016 and is projected to exhibit steady growth
on account of high utilization of potassium citrate in color cosmetics, skin
care, deodorants, oral care, hair care, and soap and bath products. Growing
demand for the product as a systemic alkalizer in the pharmaceutical sector is
likely to augment industry demand.
Browse full research report on Potassium Citrate Market: https://www.grandviewresearch.com/industry-analysis/potassium-citrate-market
Further key findings from the report suggest:
- The pharmaceutical sector is anticipated to exhibit substantial
volume gains with a predicted CAGR of 2.7% from 2017 to 2025. This is
owing to rising requirement of the product as a pharmaceutical aid in
veterinary practice. Potassium citrate acts as an activator in several
enzymatic reactions, which is essential in transmission of nerve impulses,
carbohydrate metabolism, renal function, and tissue synthesis
- Asia Pacific has a strong customer base and made up for 29.3% of
the total revenue in 2016. Growing usage of cosmetic products such as
sunscreens, makeup, creams, and lotions among the younger population in
India and China is expected to have a major impact on market growth.
Demand for detergents, agrochemicals, fertilizers, metal surface
treatment, and pharmaceuticals is also expected to have a positive impact
on regional growth
- Manufacturers dominating the potassium citrate market are Cargill,
Incorporated; Tate & Lyle Plc.; Dr. Paul Lohmann GmbH KG; Archer
Daniels Midland Company; and Gadot Biochemical Industries, Ltd.
Strengthening product length and capital expansion is expected to remain a
key critical success factor for the industry in the near future
- In December 2015, Jungbunzlauer Canada Inc., a subsidiary of
Jungbunzlauer Suisse AG, announced the commencement of a new tripotassium
citrate manufacturing plant in Port Colborne, Ontario, Canada. The company
is anticipated to offer accelerated and flexible supply of tripotassium
citrate to customers in North America
- In August 2017, Foodchem International Corporation founded a
laboratory to explore market trends and technological applications to
trigger the development of nutritional food ingredients and carry out
technical exchanges. This was in collaboration with the Food Institute of
Jiangnan University in Jiangsu Sheng, China, a major institution in the
field of engineering and food science.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/bulk-chemicals
Grand
View Research has segmented the global potassium citrate market on the basis of
function, application, and region:
Potassium
Citrate Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Acidulant
- Emulsifier
- Diuretic
- Others
Potassium
Citrate Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 -
2025)
- Food &
Beverage
- Pharmaceutical
- Personal Care
- Others
Potassium
Citrate Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- India
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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