Potassium Citrate Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 Market

Potassium Citrate Market Outlook - 2028

Potassium citrate is also called as potassium salt of citric acid or tri-potassium citrate, which is tribasic potassium salt of citric acid. Potassium citrate is manufactured by adding potassium carbonate or potassium bicarbonate to citric acid until bubbles arises, filtration of solution, and evaporation becomes granulation. Potassium citrate is hygroscopic in nature with saline taste and odorless white crystalline powder. Potassium citrate has wide applications in pharmaceuticals and food & beverage industry. It is used as chelator, stabilizer or an emulsifier or an antioxidant in these industries. Basically, it is used in the applications where requirement of sodium is low. Potassium citrate is an alkaline salt and used to treat kidney stone or urinary calculi patients. Moreover, it has wide application in personal care products or cosmetics items, bakery items, dairy products, soft drinks, industrial use products such as soaps and detergents.

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the global potassium citrate market.

• Pharmaceutical sector is one of that sectors, which had very less negative impact of COVID-19. Though potassium citrate has very wide application in calculi medicines, there was sluggish growth in the potassium citrate market.
• As a result of the global economic slowdown caused by the pandemic, the demand for outside food & beverage has decreased dramatically. This has caused a steep fall in the demand for potassium citrate.
• Moreover, China is the largest producer and exporter of potassium citrate. Attributed to the lockdown, all the nations closed borders, resulting in huge decline in the potassium citrate market.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The major factor responsible for the steady growth of potassium citrate is the growth of its end user industries such as pharmaceutical and food & beverages. Potassium citrate has the best application in healthcare as an antacid, protein supplement, and electrolyte replenisher. It can reduce the fluid level in human body without affecting potassium level and also can be used in place of sodium citrate. Since excessive use of sodium citrate can cause to heart attack, stroke, blood pressure, and many other major diseases, nowadays people prefer potassium citrate in place of sodium. Moreover, the kidney stone medicines market is the major buyer of potassium citrate and it is very beneficial for urinary calculi. All soft drinks manufacturers are using potassium citrate in place of excessive sodium. Increasing demand for cosmetics items increases the demand for potassium citrate. Moreover, the regulations on chemical industry by governments might act as a restraining factor for the market.

In terms of market share, the Asia-Pacific region accounts for the major fraction of the global potassium citrate market due to the high demand for potassium citrate from pharmaceutical and food & beverages industries. The market in North America and Europe is expected to be the second and third largest consumers in the world due to wide demand for cosmetics and personal care products in these regions.

Key benefits of the report:

• This study presents the analytical depiction of the global potassium citrate market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global potassium citrate market share.
• The current market is quantitatively analyzed to highlight the global potassium citrate market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global potassium citrate market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the potassium citrate market research report:

• Which are the leading market players active in the potassium citrate market?
• What the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Potassium Citrate Market: Global Opportunity Analysis and Industry Forecast, 2021–2028 Report Highlights