08-Feb-2023 | Zion Market Research
The global potassium citrate market size was worth around USD 693 Million in 2021 and is predicted to grow to around USD 1030 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.
Tripotassium citrate and potassium salt are other names for potassium citrate. It is a tribasic citric acid salt. It has the appearance of a white, hygroscopic, crystalline powder. It is easily accessible in supermarkets or chemist stores. It is employed in a variety of industries, including pharmaceuticals, food and beverage, and animal feeds.
Potassium citrate is associated with a variety of health advantages for humans, including preserving a healthy fluid balance, and promoting normal cell activity. It works well as a substitute for sodium nitrate. In addition, it is frequently used as a buffer, preservative, and acid regulator.
The exceptional qualities that potassium citrate possesses are one of the main factors boosting the growth of the global potassium citrate market. It has several different qualities, including a high solubility rate, a flavor profile, a hygroscopic tendency, and many more.
The potassium citrate industry has seen substantial expansion because of the rising demand for emulsifier fortification to increase shelf life, produce high yields, and achieve a soft crumb structure. The global market is expanding because of the increasing consumer preference for personal care and cosmetic products in developing nations.
Additionally, the rise in worldwide consumer disposable income is supporting market expansion. The pH buffering, potassium fortification, improvement of stability, and many other benefits that potassium citrate offers are only some of the additional benefits. Furthermore, it is projected to have a favorable impact on the worldwide potassium citrate market throughout the forecast period due to its capacity to function as a systemic alkalizer in the food and beverage industry. However, the adverse effects on health might be hampering the market growth during the forecast period.
The global potassium citrate market is segmented based on purity, application, end-use industry, and region.
Based on the purity, the global market is bifurcated into less than 98.0%, 98%-99 %, and above 99%. The above 99% segment accounted for the largest revenue share in 2021 and is expected to dominate during the forecast period. Potassium citrate can be conveniently supplied in high-density polythene bags by vendors due to its purity. They have a 1.182 g/cm3 density and a 230°C melting temperature. A whitish crystalline powder called potassium citrate dissolves in water at 20°C. Thus, the market is anticipated to be driven by the use of this pure potassium citrate as a food additive in food processing.
Based on the application, the global potassium citrate market is categorized into buffering agents, flavoring agents, stabilizers, anti-oxidation agents, emulsifiers, acidity regulators, and others. The flavoring agent is projected to hold the largest market share over the forecast period. The growth in the segment is attributable to maintaining the standard for soft drinks while improving the quality of packaged food. To maintain acidity, fortify potassium, chelate metal ions, and reduce sodium content in beverages, food-grade potassium citrate can be used to alter pH levels.
For processed foods, potassium citrate is utilized as a food ingredient and preservative. The food processing industry in India is one of the biggest in the world and is anticipated to reach US$ 535 billion by 2025, according to the India Brand Equity Foundation (IBEF). Between April 2014 and March 2020, the booming food business attracted $4.18 billion in foreign direct investments. As a result, it is predicted that increased investment in the food industry will increase the demand for potassium citrate.
Based on the end-use industry, the market is segmented into food & beverages, pharmaceutical, cosmetics & personal care, industrial, and others. The food & beverages segment is expected to dominate the market during the forecast period. The food and beverage industry uses potassium citrate, a potassium salt of citric acid, as a food additive. A buffer to control pH levels (between 7.5 and 9) in an alkaline state can block the activity of some enzymes and extend the shelf life of food by using potassium citrate.
Additionally, potassium citrate is utilized as a flavoring additive to give foods and drinks a balanced flavor by adding a sour taste and reducing their acidity. As a result, potassium citrate is needed as a food additive for food processing, where the market is expected to expand.
Asia Pacific accounts for the largest share of the global potassium citrate market due to the growing demand from the food processing industry. Moreover, a significant rise in demand for metal surface treatment, cosmetics, pharmaceuticals, fertilizers, agrochemicals, and detergents in China is likely to positively shape the trajectory of the regional market during the forecast period. Besides, North America accounts for the second-largest share in the potassium citrate industry owing to the growing demand for personal care products like peels, face masks, creams, and many others.
This review is based on a report by Zion Market Research, titled “Potassium Citrate Market By Purity (Less than 98.0%, 98%-99%, and Above 99%), By Application (Buffering Agent, Flavoring Agent, Stabilizer, Anti-oxidation Agent, Emulsifier, Acidity Regulator, and Others), By End-Use Industry (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, Industrial, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/potassium-citrate-market
The global potassium citrate market is dominated by players like:
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