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.