Potassium Citrate Market size and Key Trends in terms of volume and value 2015 - 2025
Potassium citrate, also known as tripotassium citrate or citric acid potassium salt, is a tribasic potassium salt of citric acid. It is manufactured by a neutralisation and a subsequent crystallization of citric acid with potassium carbonate or potassium bicarbonate. The white crystalline hygroscopic powder namely potassium citrate finds a variety of applications across a diverse set of industries. Potassium citrate is often used as a stabilizer, as a chelating agent, as asequestering agent, as an antioxidant or as an emulsifier among other uses. It often finds application as a replacement for sodium citrates in applications where a low sodium content is desired. Potassium citrate is widely used in food and beverage industry forming an important ingredient in bakery products, beverages, dairy products, among others. Moreover, it also finds application in personal care products industry, pharmaceuticals, agrochemicals and feed industry. Potassium citrate is often used in other industrial use products such as cleaners and detergents. Potassium citrate market is expected to register steady growth over the forecast period.
Potassium Citrate Market: Drivers & Restraints
Global Potassium Citrate market is expected to register a steady growth during the forecast period. The major factor that is expected to drive the growth of potassium citrate market is the growth of end use industries for sodium citrate. Moreover, growing awareness about benefits of low sodium levels in food has resulted in steady growth in demand for low sodium content foods & beverages, this is another factor that is expected to propel the growth of global potassium citrate market during the forecast period. Besides, the growth in demand for processed food, the growth of processed food industry is expected to in turn drive the growth of global potassium citrate market over the forecast period.
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Potassium Citrate Market: Segmentation
On the basis of end use industries, global Potassium Citrate market can be segmented into following key market segments:
Food & Beverage
Pharmaceuticals
Personal Care
Industrial
Others
On the basis product types, global Potassium Citrate market can be segmented into following key market segments:
Monohydrate
Anhydrous
Potassium Citrate Market: Region-wise Outlook
On the basis of geographic regions, global Potassium Citrate market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa.
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Potassium Citrate Market: Key Players
Some of the identified major players operating in the global Potassium Citrate market are as follows:
Cargill, Incorporated.
Jungbunzlauer Suisse AG
American Tartaric Products Inc.
Gadot Biochemical Industries Ltd
Foodchem International Corporation
FBC Industries, Inc.
Dr. Paul Lohmann GmbH KG