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Global Potassium Citrate Market to reach USD xxx billion by the end of 2030.

Global Potassium Citrate Market Size study & Forecast, by Type (Monohydrate, Anhydrous) by Function (Acidulant, Emulsifier, Stabilizer, Antioxidants, Others) by End Use Industry (Food & Beverages, Pharmaceuticals, Personal Care, Others) and Regional Analysis, 2023-2030

Product Code: CMCC-32290718
Publish Date: 20-07-2023
Page: 200

Global Potassium Citrate Market is valued at approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xxx over the forecast period 2023-2030. Potassium Citrate, commonly known as tri-potassium citrate, is a citric acid tribasic potassium salt. It is made by mixing citric acid with either potassium carbonate or potassium bicarbonate until effervescence occurs, then filtration, evaporating the solution, and granulating. The market for potassium citrate is driven by increasing demand in the pharmaceuticals and food and beverage sectors, rising health consciousness, and growing demand in personal care products that anticipated to create the lucrative demand for the market.

Moreover, the potassium Citrate is widely used in the pharmaceutical industry as an active ingredient in various medications. It is commonly prescribed for the treatment of urinary tract infections, kidney stones, and as a urinary alkalizer. As the pharmaceutical industry expands and more people seek medical treatments, the demand for Potassium Citrate-containing medications is likely to increase, driving the growth of the Potassium Citrate market. According to Statista in 2023, the global pharmaceutical market has shown remarkable growth. The total market size for 2022 was estimated to be around USD 1.48 trillion, with a slight increase compared to the previous year’s valuation of USD 1.42 trillion. Additionally, new product launches and R&D provide lucrative opportunities to the market. However, the high raw material cost of Potassium citrate stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Potassium Citrate Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to increasing demand from the food processing industry. Additionally, the rising demand for metal surface treatment, cosmetics, pharmaceuticals, fertilizers, agrochemicals, and detergents in China is expected to further boost the market in the region during the forecast period. North America is expected to grow significantly during the forecast period, owing to the presence of well-established end-use industries and the increasing adoption of potassium citrate. The rising demand for convenient, on-the-go food products and processed meats is a key driver fueling the market’s expansion in the region.

Major market player included in this report are:
Jungbunzlauer Suisse AG
The Archer-Daniels-Midland Company
Cofco Biochemical Co., Ltd.
Thai Citric Acid Co., Ltd.
Cargill, Incorporated
American Tartaric Products
Gadot Biochemical Industries
Fbc Industries Inc.
Posy Pharmachem Pvt., Ltd.
Huangshi Xinghua Biochemical
Recent Developments in the Market:
Ø In February 2021, Advicenne, a Parisian biotech company, released a business update highlighting the positive scientific prospects for ADV7103 (potassium citrate/potassium hydrogen carbonate) in Europe. The company is focusing on developing this application for the treatment of distal renal tubular acidosis (dRTA), a rare genetic disease that impairs the kidneys’ ability to remove acid from the blood.
Global Potassium Citrate Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Function, End-Use Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Monohydrate
Anhydrous
By Function:
Acidulant
Emulsifier
Stabilizer
Antioxidants
Others
By End Use Industry:
Food & Beverages
Pharmaceuticals
Personal Care
Others
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Potassium Citrate Market, by Region, 2020-2030 (USD Billion)
1.2.2. Potassium Citrate Market, by Type, 2020-2030 (USD Billion)
1.2.3. Potassium Citrate Market, by Function, 2020-2030 (USD Billion)
1.2.4. Potassium Citrate Market, by End Use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Potassium Citrate Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Potassium Citrate Market Dynamics
3.1. Potassium Citrate Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing Food Sector Industry
3.1.1.2. Growing Pharmaceutical Industry
3.1.2. Market Challenges
3.1.2.1. High Raw Material Cost of Potassium Citrate
3.1.2.2. Stringent regulations and compliance
3.1.3. Market Opportunities
3.1.3.1. Advancements in R&D
3.1.3.2. New product launches
Chapter 4. Global Potassium Citrate Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Potassium Citrate Market, by Type
5.1. Market Snapshot
5.2. Global Potassium Citrate Market by Type, Performance – Potential Analysis
5.3. Global Potassium Citrate Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Potassium Citrate Market, Sub Segment Analysis
5.4.1. Monohydrate
5.4.2. Anhydrous
Chapter 6. Global Potassium Citrate Market, by Function
6.1. Market Snapshot
6.2. Global Potassium Citrate Market by Function, Performance – Potential Analysis
6.3. Global Potassium Citrate Market Estimates & Forecasts by Function 2020-2030 (USD Billion)
6.4. Potassium Citrate Market, Sub Segment Analysis
6.4.1. Acidulant
6.4.2. Emulsifier
6.4.3. Stabilizer
6.4.4. Antioxidants
6.4.5. Others
Chapter 7. Global Potassium Citrate Market, by End Use Industry
7.1. Market Snapshot
7.2. Global Potassium Citrate Market by End Use Industry, Performance – Potential Analysis
7.3. Global Potassium Citrate Market Estimates & Forecasts by End Use Industry 2020-2030 (USD Billion)
7.4. Potassium Citrate Market, Sub Segment Analysis
7.4.1. Food & Beverages
7.4.2. Pharmaceuticals
7.4.3. Personal Care
7.4.4. Others
Chapter 8. Global Potassium Citrate Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Potassium Citrate Market, Regional Market Snapshot
8.4. North America Potassium Citrate Market
8.4.1. U.S. Potassium Citrate Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Function breakdown estimates & forecasts, 2020-2030
8.4.1.3. End Use Industry breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Potassium Citrate Market
8.5. Europe Potassium Citrate Market Snapshot
8.5.1. U.K. Potassium Citrate Market
8.5.2. Germany Potassium Citrate Market
8.5.3. France Potassium Citrate Market
8.5.4. Spain Potassium Citrate Market
8.5.5. Italy Potassium Citrate Market
8.5.6. Rest of Europe Potassium Citrate Market
8.6. Asia-Pacific Potassium Citrate Market Snapshot
8.6.1. China Potassium Citrate Market
8.6.2. India Potassium Citrate Market
8.6.3. Japan Potassium Citrate Market
8.6.4. Australia Potassium Citrate Market
8.6.5. South Korea Potassium Citrate Market
8.6.6. Rest of Asia Pacific Potassium Citrate Market
8.7. Latin America Potassium Citrate Market Snapshot
8.7.1. Brazil Potassium Citrate Market
8.7.2. Mexico Potassium Citrate Market
8.8. Middle East & Africa Potassium Citrate Market
8.8.1. Saudi Arabia Potassium Citrate Market
8.8.2. South Africa Potassium Citrate Market
8.8.3. Rest of Middle East & Africa Potassium Citrate Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Jungbunzlauer Suisse AG
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. The Archer-Daniels-Midland Company
9.3.3. Cofco Biochemical Co., Ltd.
9.3.4. Thai Citric Acid Co., Ltd.
9.3.5. Cargill, Incorporated
9.3.6. American Tartaric Products
9.3.7. Gadot Biochemical Industries
9.3.8. Fbc Industries Inc.
9.3.9. Posy Pharmachem Pvt., Ltd.
9.3.10. Huangshi Xinghua Biochemical
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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