The global potassium citrate market is poised for significant growth between 2023 and 2033, with a projected expansion from US$ 705.23 million to US$ 947.77 million at a compound annual growth rate (CAGR) of 3%. This growth can be attributed to several key factors. One of the primary drivers is the increasing substitution of potassium supplements for sodium citrate in various industries, including pharmaceuticals, cosmetics, and the food and beverage sectors. This shift is driven by the rising health consciousness among consumers who are becoming more aware of the cardiovascular risks associated with high sodium intake.
Furthermore, potassium citrate has found a new role as an emulsifying agent in the baking and confectionery industries, where it enhances the crumb structure and prolongs the shelf life of baked and confectionery products. Additionally, government investments in research and development activities for diuretics, aiming to reduce fluid levels in the human body without depleting potassium, further contribute to the market’s growth.
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One industry that stands out as a prominent driver of potassium citrate demand is the cosmetics sector. The cosmetics industry’s continuous expansion is fueled by the use of potassium citrate in various applications, such as skincare and hair care products. This growing demand from the cosmetics industry, combined with other factors, underscores the positive outlook for the potassium citrate market, making it a crucial ingredient across a wide range of industries in the coming years.
Key Factors Driving the Market:
- Rising Health Awareness: With an increased focus on health and wellness, more people are looking for natural and healthy alternatives to traditional medicine. Potassium citrate is used in dietary supplements due to its potential health benefits, such as supporting kidney health and regulating blood pressure.
- Growing Food and Beverage Industry: The food and beverage industry relies on potassium citrate as an additive to improve taste, texture, and preservation. This trend is especially notable as consumers seek healthier food options with reduced sodium content.
- Pharmaceutical Applications: Potassium citrate plays a crucial role in the pharmaceutical sector as an active ingredient in medications used to treat conditions like kidney stones and urinary tract infections. The increasing prevalence of such health issues is bolstering the demand for potassium citrate.
- Industrial Uses: The industrial sector utilizes potassium citrate in various applications, including as a component in detergents, as a pH stabilizer, and as a water softener, contributing to its market growth.
Potassium Citrate Market: Competition Assessment
The FMI’s potassium citrate market report provides a dashboard view of major players operating in the potassium citrate market. Some of the key players are:
- Cargill, Incorporated.
- Jungbunzlauer Suisse AG
- American Tartaric Products Inc.
- Gadot Biochemical Industries Ltd
- Foodchem International Corporation
- FBC Industries, Inc.
- Dr. Paul Lohmann GmbH KG
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Potassium Citrate Market: Key Segmentation
On the basis of end-use industries
- Food & Beverage
- Pharmaceuticals
- Personal Care
- Industrial
- Others
On the basis of product types
- Monohydrate
- Anhydrous
By Region
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa
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