Potassium Citrate Market
Dublin, June 21, 2024 (GLOBE NEWSWIRE) — The “Potassium Citrate Market – Forecast to 2024 to 2029” report has been added. ResearchAndMarkets.com Recruitment.
Recent market intelligence reports predict that the potassium citrate market will experience steady growth. By 2029, the market size will soar from USD 605.11 million in 2022 to USD 746.804 million at a projected compound annual growth rate (CAGR) of 3.05%. Potassium citrate has multiple uses, from food additives to pharmaceuticals, and is said to be beneficial for heart and bone health.
The market drivers are attributed to various factors such as growing demand in the processed food sector, highlighting changing dietary preferences towards healthier and non-GMO options. Potassium citrate’s inherent properties such as solubility, non-toxicity, and stability further fuel its global demand.
Healthy Alternatives in the Food Industry
The growing trend towards low-sodium products has led to the replacement of sodium citrate with potassium citrate in food preparation. This change is occurring in response to growing consumer awareness of the risks of a high-sodium diet. The integration of potassium citrate into oral rehydration solutions is another area that highlights the market’s innovative attitude to promote consumer health.
Addressing chronic kidney disease
The rise in chronic kidney disease (CKD) and associated cardiovascular risks also highlights the importance of potassium citrate in medicine, where it plays a key role in reducing renal tubular acidosis and preventing gout-related kidney stones, and may also have applications in veterinary medicine to improve the quality of life of cats suffering from CKD.
Increasing intake with dietary supplements
Potassium citrate’s diverse properties have made it a popular ingredient in the dietary supplement industry. Notable market entrants, such as the introduction of beverages specific to kidney health, exemplify this trend and reflect the innovative approaches companies are adopting.
Market penetration by region
Asia Pacific dominates the potassium citrate market, with China leading the production and export, especially to the United States. The region’s market dominance is due to competitive pricing strategies rooted in efficient production costs. Rapid industrialization in the food, pharmaceutical, and cosmetic sectors in Asia Pacific is further driving market growth through the integration of over-the-counter additives into their products.
Key market trends
Recent market developments include the launch of innovative healthcare solutions and strategic collaborations aimed at expanding the therapeutic applications of potassium citrate, reflecting the industry players’ ongoing commitment to address common health concerns and improve consumer health through advanced product offerings.
The potassium citrate market growth is fueled by the continuing evolution of consumer preferences, technological advancements, and a shared drive to achieve better health outcomes. These dynamic factors combine to point the market in a promising direction over the next decade.
Key attributes:
|
Report Attributes |
detail |
|
number of pages |
132 |
|
Forecast Period |
2022 – 2029 |
|
Estimated market value in 2022 (USD) |
$605.11 million |
|
Market value forecast to 2029 (USD) |
$746.8 million |
|
Compound Annual Growth Rate |
3.0% |
|
Target area |
global |
Featured Companies
-
Cargill
-
Tate & Lyle
-
Admin
-
Jungbunzlauer Switzerland AG
-
Cofco Biochemistry
-
American Tartaric Acid Products
-
Huangshi Xing Chemical Biochemistry
-
Gadot Biochemicals
-
Niran
-
Adani Pharmachem
For more information on this report, please visit: https://www.researchandmarkets.com/r/uoldv2
About ResearchAndMarkets.com
ResearchAndMarkets.com is a leading global source of international market research reports and market data providing the latest information on international markets, regional markets, key industries, top companies, new products and latest trends.
Attachments
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
