Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Potassium Citrate - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Potassium Citrate was estimated at US$733.7 Million in 2023 and is projected to reach US$875.2 Million by 2030, growing at a CAGR of 2.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
Technological advancements have significantly improved the production processes and applications of potassium citrate. Innovations in chemical synthesis and purification techniques have enhanced the efficiency and purity of potassium citrate production, ensuring high-quality output for medical and industrial use. Advances in formulation technology have enabled the development of extended-release potassium citrate supplements, which provide sustained therapeutic effects and improve patient compliance.
In the food industry, new processing methods have improved the stability and effectiveness of potassium citrate as a preservative and pH regulator. Additionally, advancements in analytical techniques have facilitated better quality control and safety assurance in the manufacturing of potassium citrate products. These technological improvements have expanded the applications of potassium citrate and enhanced its effectiveness across various sectors.
What Are the Key Applications and Benefits of Potassium Citrate?
Potassium citrate offers numerous benefits and finds applications in a wide range of fields. In healthcare, it is a critical therapeutic agent for preventing kidney stones and treating hypokalemia, providing essential potassium supplementation and urine alkalization. In the food and beverage industry, potassium citrate is used as a buffering agent and preservative, helping to maintain the stability and flavor of products. Its role as a pH regulator makes it valuable in the formulation of pharmaceuticals, where it ensures the stability and efficacy of medications.
Potassium citrate is also used in personal care products, where it helps regulate pH and enhance product performance. In industrial cleaning solutions, potassium citrate acts as a chelating agent, improving cleaning efficiency. The primary benefits of potassium citrate include its effectiveness in managing health conditions, its versatility in food and industrial applications, and its safety and stability in various formulations.
What Factors Are Driving the Growth in the Potassium Citrate Market?
The growth in the potassium citrate market is driven by several factors. The increasing prevalence of kidney stones and the growing awareness of preventive healthcare measures are significant drivers, boosting the demand for potassium citrate supplements. Technological advancements that enhance the production, purity, and formulation of potassium citrate are also propelling market growth.
The rising demand for processed and convenience foods, which require effective preservatives and pH regulators, is driving the use of potassium citrate in the food industry. Additionally, the expansion of the pharmaceutical and personal care industries, where potassium citrate is used in various formulations, is contributing to market growth. The growing emphasis on maintaining proper mineral balance and preventing nutrient deficiencies is further increasing the adoption of potassium citrate supplements. These factors, combined with the increasing availability of high-quality potassium citrate products, are driving the sustained growth of the potassium citrate market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Food & Beverages Application segment, which is expected to reach US$478.0 Million by 2030 with a CAGR of a 3.1%. The Industrial Application segment is also set to grow at 2.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $193.2 Million in 2023, and China, forecasted to grow at an impressive 4.7% CAGR to reach $185.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Archer Daniels Midland Company, ATP Group, Cargill, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 182 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $733.7 Million |
| Forecasted Market Value (USD) by 2030 | $875.2 Million |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Potassium Citrate - Global Key Competitors Percentage Market Share in 2024 (E)
- Global Economic Update
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increasing Demand for Food and Beverage Additives Propels Market Growth
- Rising Use in Pharmaceuticals and Nutraceuticals Drives Market Expansion
- Technological Innovations in Production Processes Strengthen Business Case
- Development of Potassium Citrate-Based Supplements Generates New Opportunities
- Surge in Demand for Functional Foods Expands Addressable Market Opportunity
- Advancements in Health and Wellness Trends Propel Market Growth
- Growing Use in Agricultural Applications Drives Adoption
- Rising Awareness of Kidney Health and Stone Prevention Sustains Market Growth
- Expansion of Applications in Personal Care Products Throws Spotlight on Market Potential
- Development of Sustainable and Eco-friendly Production Processes Generates New Opportunities
- Growing Focus on Bioavailability and Efficacy Spurs Market Expansion
- Growth in E-Commerce Channels Expands Market Horizons
FOCUS ON SELECT PLAYERS(Total 13 Featured)
- Archer Daniels Midland Company
- ATP Group
- Cargill, Inc.
- COFCO Biochemical (AnHui) Co., Ltd.
- FBC Industries, Inc.
- Gadot Biochemical Industries Ltd.
- Huangshi Xinghua Biochemical Co. Ltd.
- Jungbunzlauer Suisse AG
- Niran (Thailand) Co., Ltd.
- Rzbc Group Co. Ltd.
- Tate & Lyle PLC
- Thai Citric Acid Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/cg5d89
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