A recent report published by Infinium Global Research on potassium citrate market provides an in-depth analysis of segments and sub-segments in global as well as regional potassium citrate market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional potassium citrate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global potassium citrate market. According to the report the global potassium citrate market is projected to grow at a CAGR of 3.3% over the forecast period of 2018-2024.
Potassium Citrate is also known as tripotassium citrate or citric acid potassium salt. It is a mineral which contains both potassium salt and citric acid. Potassium citrate has a saline test with no odor. The potassium citrate is one of the best alternatives to the sodium chloride thus it is widely used in the less sodium content food. It is also used in the various end use industries such as pharmaceutical, Personal Care & Household and other.
The application of potassium citrate is rising rapidly across various end use industries such as food and beverages and pharmaceutical that is driving the growth of potassium citrate across all over the globe. The potassium is mainly used in the food and beverage, pharmaceutical, personal care products, and others. In addition, the awareness about the health-related issues associated with the high consumption of sodium is rising worldwide. The rising health concern among the population is likely to boost the growth of potassium citrate market. Moreover, increasing demand for low sodium content foods & beverages is anticipated to benefits the market over the forecast period. Growing processed food industry is projected to create several opportunities in the potassium citrate market in upcoming years.
Geographically, Asia-Pacific accounts for the largest market share in the potassium citrate market and expected to dominate the market throughout the forecast period owing to the high consumption of potassium citrate across major end use industries and it is expected to dominate the market over the forecast period. The rising personal care industry in the Asia-Pacific region is likely to boost the potassium citrate market in this region. North America is the second largest region in term of production and consumption of potassium citrate market.
The report on global potassium citrate market covers segments such as grade type and end use industries. On the basis of grade type, the global potassium citrate market is categorized into Industrial grade, food grade, and pharmaceuticals grade. On the basis of end use industries, the global potassium citrate market is categorized into food & beverage, personal care & household, pharmaceutical, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global potassium citrate market such as Cargill, Incorporated, Archer Daniels Midland Company, FBC Industries, Inc., Tate & Lyle Plc., ADM, Huangshi Xinghua Biochemical, Niran, Thai Citric Acid, Gadot Biochemical Industries and Posy Pharmachem Pvt Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global potassium citrate market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of potassium citrate market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the potassium citrate market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the potassium citrate market to understand the present and future trends in this market and formulate their strategies accordingly.
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