he research study conducted by Report Ocean on the “ Potassium Citrate Market” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Potassium Citrate Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a healthy growth rate of more than $$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.
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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:
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:
Historical Data: 2020 – 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Function, End-Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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