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Global Potassium Citrate Market

Global Potassium Citrate Market

Market Insights

Global market for potassium citrate is expected to grow exponentially due to the growth applications for it in various industries especially in food and beverage due to its functional properties like preservatives, emulsifiers etc. The global potassium citrate market was valued at USD 629.23 million in 2017, and is expected to reach USD 773.65 million by 2023, at a CAGR of 3.70%, during the forecast period. Globally, the highest application for potassium citrate is in the food & beverage industry.

Market Dynamics

Potassium citrate is a chemical product used in the production and formulation of a wide variety of food and beverages, pharmaceuticals, and cosmetics, as well as commercial and household products, including detergents and metal cleaners, and in textile finishing treatments and other industrial applications. The extensive use in various industrial applications is mainly due to its functional and health benefits. In food products, such as processed meat, bakery products, pasteurized dairy products, syrups, among others, it is used as an acidity regulator, preservative, salt substitute, and for its emulsifier properties.The low price performance against substitutes, such as sodium citric acid, curbs the market growth; but, increasing awareness among consumers, of its benefits and growing number of manufacturers of potassium citrate is expected to decrease the price of the product in the near future.

Market Segmentation

Asia-Pacific accounted for the largest market share of potassium citrate in 2017, and is expected to record the highest CAGR, during the forecast period, of 4.46%. In the Asia-Pacific region, food and beverage are expected to have the highest CAGR of 4.51%, by application accounting to USD 150.4 million by 2023. China accounts for the largest consumption of potassium citrate; it accounts for about 44% of the market share in the Asia-Pacific region.

The global potassium citrate market is segmented by type into food, pharmaceutical and Industrial grade. In 2017, food grade has the largest market share of 67.20%, globally. The pharmaceutical grade potassium citrate market is expected to reach USD 68.47 million in 2023, at an estimated CAGR of 3.89% during the forecast period.

Competitive Landscape

The global potassium citrate market is fragmented among the key players. The leading players include Archer Daniels Midland (ADM), Cargill, Jungbunzlauer Company, and Tate & Lyle, among others. The key global players have wide geographical reach. Brand awareness also gives them an upper hand, as compared to regional players.

Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report

Value chain analysis
Consumer behavior analysis in country level
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
3. Market Overview
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Grade Type
5.1.1 Food Grade
5.1.2 Industrial Grade
5.1.3 Pharmaceuticals Grade
5.2 By Geography
5.2.1 North America US Canada Mexico Others
5.2.2 Europe Germany UK France Spain Italy Russia Others
5.2.3 Asia-Pasific China Japan India Australia Others
5.2.4 South America Brazil Argentina Others
5.2.5 Africa South Africa Others
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles
7.1 Cargill Inc.
7.2 Tate & Lyle
7.3 Adm
7.4 Jungbunzlauer Suisse Ag
7.5 Cofco Biochemical
7.6 American Tartaric Products
7.7 Huangshi Xinghua Biochemical
7.8 Gadot Biochemical Industries
7.9 Niran
7.10 Juxian Hongde Citric Acid Co. Ltd
7.11 Thai Citric Acid
7.12 Posy Pharmachem Pvt Ltd.
7.13 Fbc Industries Inc.
7.14 Rzbc Group Co. Ltd.

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