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.
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➤ The market development is expected to be driven by the increasing demand for personal care and cosmetics in developing economies.
In a diverse array of cosmetic products, such as detergent, colors, oral care items, infant items, hair products, skin products, and others, potassium citrate, the potassium salt of citric acid, is employed to alleviate skin conditions. The natural preservation of cosmetics and personal care items is further facilitated by potassium citrate, which regulates the acid/base balance and bonds metals..
➤ Substitutes are accessible to regulate market expansion.
The financial burden of long-term potassium citrate therapy may be a concern for certain patients. The alternative intervention of consuming citrus fruits, notably lemons, has been recommended for the management of hypocitraturic calcium kidney stones. Consequently, the potassium citrate industry’s expansion during the forecast period may be impeded by the availability of substitutes.
➤ A lucrative opportunity is presented by the increasing consumption of healthcare.
Potassium citrate is employed to eliminate protons, or positively charged atoms, which reduces the acidity of the urine and reduces the risk of stroke. Potassium citrate safeguards against increased urine saturation caused by high-protein meals and maintains optimal pH levels for bone health. Furthermore, potassium citrate facilitates the elimination of uric acid and the prevention of kidney stones. Furthermore, it aids in the prevention and treatment of certain metabolic disorders (acidosis) that are a result of renal illness. Consequently, it is anticipated that the global potassium citrate market will experience growth as a consequence of the widespread utilization of potassium citrate in the healthcare sector.
➤ The adverse impact on health is a significant challenge.
A variety of health issues, such as black stools, confusion, dizziness, irregular pulse, chest pain, high blood pressure, stomach pain, difficulty swallowing, and unusual weakness, can be caused by the potassium salt of citric acid, potassium citrate. Furthermore, elevated potassium levels in the bloodstream induce discomforts such as rapid weight gain, unusually frigid skin, and tingling in the hands and feet. Furthermore, it can impede the expansion of the potassium citrate industry by causing tissue injury.
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The Global Potassium Citrate Market is segmented based on product, application and region
Global Potassium Citrate Market: Product Segment Analysis
● Buffering Agent
● Flavoring Agent
● Stabilizer
● Anti-oxidation Agent
● Emulsifier
● Acidity Regulator
● Others
Global Potassium Citrate Market: Application Segment Analysis
● Food & Beverages
● Pharmaceutical
● Cosmetics & Personal Care
● Industrial
● Others
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The global Potassium Citrate market profiles key players such as:
● FBC Industries
● Archer-Daniels-Midland Company
● Cargill Incorporated
● ATPGroup
● Dr. Paul Lohmann GmbH & Co. KGaA
● Foodchem International Corporation
● Huangshi Xinghua Biochemical Co. Ltd.
● Gadot Biochemical Industries Ltd.
● Jiangsu Mupro IFT Corp.
● Jungbunzlauer Suisse AG
● Niran BioChemical Limited
???? Recent Developments:
• Cargill acquired Croda’s Performance Technologies and Industrial Chemicals business in December 2021 to enhance its bio-industrial footprint and better serve industrial customers seeking “greener” ingredient solutions. Cargill’s bio-industrial unit has made its most significant acquisition to date, and roughly 750 employees from various countries have joined. Furthermore, the company’s dedication to sustainability is reflected in the fact that approximately 85% of the resources utilized to produce the products that will be incorporated into Cargill’s bio-industrial portfolio are renewable and biobased.
• Camber Pharmaceuticals introduced Potassium Citrate ER Tablets, the generic version of Urocit-K®, in April 2021. Potassium citrate ER tablets are administered to patients with renal tubular acidosis, a condition characterized by kidney stones. Camber offers potassium citrate ER tablets in 100-count bottles containing 5 mEq, 10 mEq, and 15 mEq of each.
➤ The market is anticipated to be dominated by the Asia Pacific region during the forecast period.
In 2021, the Asia Pacific region held a majority of the global potassium citrate market, with a share of over 40%. It is anticipated that this trend will continue throughout the forecast period. The region’s expansion is ascribed to the increasing utilization of stabilizers, antioxidants, and other substances in a variety of end-use industries, such as personal care and cosmetics, food and beverages, and other end-use industries in Asian countries.
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