Potassium Citrate Market Size, Share, Segmentation, and Forecast 2030

Potassium Citrate Industry Prospective:

The global potassium citrate market size was worth around USD 693 Million in 2021 and is predicted to grow to around USD 1030 Million by 2030 with a compound annual growth rate (CAGR) of roughly 4.5% between 2022 and 2030.

The report analyzes the global potassium citrate market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the potassium citrate market. 

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Potassium Citrate Market: Overview

A white, odorless, citric, hygroscopic crystalline powder known as potassium citrate (K3C6H5O7) or tri-potassium citrate is produced by mixing potassium bicarbonate and citric acid. It functions as a crucial mineral for regulating cell activity, maintaining bodily fluid content, and balancing electrolytes. This in turn aids in the treatment of kidney stone problems, lowers the risk of metabolic diseases, produces alkalizing effects in the body to maintain a healthy heart, regulates muscle and nerve function, and balances urinary pH levels.

Key Insights

• As per the analysis shared by our research analyst, the global potassium citrate market is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2022-2030).
• In terms of revenue, the global potassium citrate market size was valued at around USD 693 million in 2021 and is projected to reach USD 1030 million, by 2030. 
• The global market for potassium citrate has grown dramatically as a result of the rising demand for emulsifier fortification to extend shelf life, achieve high yields, and produce soft crumb structures.
• Based on the purity, the above 99% segment accounted for the largest revenue share in 2021 and is expected to dominate during the forecast period.
• Based on the application, the flavoring agent is projected to hold the largest market share over the forecast period.
• Based on the end-use industry, the food & beverages segment is expected to dominate the market during the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Potassium Citrate Market: Growth Drivers

Growing personal care and cosmetics demand in developing economies to drive the market growth 

In a variety of cosmetic products, including soap, colors, oral care items, infant items, hair products, skin products, and others, potassium citrate, the potassium salt of citric acid, is used to treat skin conditions. Potassium citrate bonds metals and regulates the acid/base balance, which further aids in the natural preservation of cosmetics and personal care items.

This means that the global potassium citrate market is expected to develop as a result of the expansion of the cosmetics sector. China's cosmetics business grew by 15.33% in 2019, from US$ 56.21 billion to US$ 61.45 billion, according to Cosmetic Europe, a personal care organization. Other Asian nations like India and Japan are also experiencing a boom in the cosmetics business. Cosmetic Europe, a trade group for personal care products, estimates that the Indian cosmetics market grew by $13.43 billion in 2019 as opposed to $12.63 billion in 2018.

In addition, the US cosmetics market increased by 3.95% in 2019 from US$ 79.36 billion to US$ 82.50 billion. As a result, the demand for potassium citrate as a cosmetic astringent is expected to increase due to the developing cosmetic sector.

Potassium Citrate Market: Restraints

Availability of substitutes to limit the market growth

For certain patients, the cost of long-term potassium citrate therapy may be a financial strain. To control hypocitraturic calcium kidney stones, the alternative intervention of ingesting citrus fruits, particularly lemons, has been suggested. Thus, the availability of substitutes might be hampering the potassium citrate industry growth during the forecast period.

Potassium Citrate Market: Opportunities

Growing healthcare consumption provides a lucrative opportunity

Potassium citrate is used to eliminate protons, or positively charged atoms, which lowers the acidity of the urine and lowers the risk of stroke. Potassium citrate preserves optimum pH levels for bone health and guards against increased urine saturation brought on by high-protein meals. In addition, potassium citrate aids in kidney stone prevention and uric acid elimination. Additionally, it helps both prevent and treat some metabolic issues (acidosis) brought on by renal illness. Therefore, it is predicted that the global potassium citrate market will expand as a result of the extensive use of potassium citrate in healthcare.

Potassium Citrate Market: Challenges

Adverse impact on health act as a major challenge

The potassium salt of citric acid, potassium citrate, can cause several health problems, including black stools, confusion, dizziness, irregular heartbeat, chest pain, high blood pressure, stomach pain, difficulty swallowing, unusual weakness, and others. Additionally, difficulties with quick weight gain, unusually cold skin, and tingling in the hands & feet are brought on by high potassium levels in the blood. Additionally, it damages tissue, which can hinder the potassium citrate industry from expanding.

Potassium Citrate Market: Segmentation

The global potassium citrate market is segmented based on purity, application, end-use industry, and region

Based on the purity, the global market is bifurcated into less than 98.0%, 98%-99 %, and above 99%. The above 99% segment accounted for the largest revenue share in 2021 and is expected to dominate during the forecast period. Potassium citrate can be conveniently supplied in high-density polythene bags by vendors due to its purity.

They have a 1.182 g/cm3 density and a 230°C melting temperature. A whitish crystalline powder called potassium citrate dissolves in water at 20°C. Thus, the market is anticipated to be driven by the use of this pure potassium citrate as a food additive in food processing.

Based on the application, the global potassium citrate market is categorized into buffering agents, flavoring agents, stabilizers, anti-oxidation agents, emulsifiers, acidity regulators, and others. The flavoring agent is projected to hold the largest market share over the forecast period. The growth in the segment is attributable to maintaining the standard for soft drinks while improving the quality of packaged food.

To maintain acidity, fortify potassium, chelate metal ions, and reduce sodium content in beverages, food-grade potassium citrate can be used to alter pH levels. For processed foods, potassium citrate is utilized as a food ingredient and preservative.

The food processing industry in India is one of the biggest in the world and is anticipated to reach US$ 535 billion by 2025, according to the India Brand Equity Foundation (IBEF). Between April 2014 and March 2020, the booming food business attracted $4.18 billion in foreign direct investments. As a result, it is predicted that increased investment in the food industry will increase the demand for potassium citrate.

Based on the end-use industry, the market is segmented into food & beverages, pharmaceutical, cosmetics & personal care, industrial, and others. The food & beverages segment is expected to dominate the market during the forecast period. The food and beverage industry uses potassium citrate, a potassium salt of citric acid, as a food additive.

A buffer to control pH levels (between 7.5 and 9) in an alkaline state can block the activity of some enzymes and extend the shelf life of food by using potassium citrate. Additionally, potassium citrate is utilized as a flavoring additive to give foods and drinks a balanced flavor by adding a sour taste and reducing their acidity. As a result, potassium citrate is needed as a food additive for food processing, where the market is expected to expand. 

Recent Developments:

• In December 2021, to increase its bio-industrial footprint and better serve industrial customers looking for "greener" ingredient solutions, Cargill acquired Croda's Performance Technologies and Industrial Chemicals business. Cargill's bio-industrial unit has made its largest purchase to date, and nearly 750 employees from around the world have joined. Additionally, about 85% of the resources used to create the goods that will be added to Cargill's bio-industrial portfolio are renewable and biobased, which is consistent with the company's commitment to sustainability.
• In April 2021, the generic version of Urocit-K®, Potassium Citrate ER Tablets, was introduced by Camber Pharmaceuticals. Renal tubular acidosis is a kidney stone problem that is treated with potassium citrate ER tablets. Camber sells potassium citrate ER tablets in 100-count bottles of 5 mEq, 10 mEq, and 15 mEq each.

Potassium Citrate Market Report Scope:

Potassium Citrate Market: Regional Analysis

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific dominated the global potassium citrate market in 2021 with a share of more than 40% and is expected to show its dominance over the forecast period. The growth in the region is attributed to the rising use of stabilizers, anti-oxidants, and other substances from a variety of end-use industries, including personal care & cosmetics, food & beverages, and other end-use industries in Asian countries.

The need for potassium salts of citric acid as flavoring agents is predicted to increase in countries like India, China, Japan, and others, which presents a market potential. The use of potassium citrate is therefore predicted to increase due to the expanding variety of end-use industries in Asian nations.

China's food and beverage industry grew by US$595 billion in 2019, a 7.8% growth from 2018, according to the China Chain Store & Franchise Association. In addition, the personal care market in India is anticipated to reach US$ 20 billion by 2025, according to the India Brand Equity Foundation (IBEF). Furthermore, the cosmetics industry in Japan climbed to euro US$ 36.49 billion in 2019 from US$ 34.7 billion in 2018, according to Cosmetic Europe, a personal care association. Thus, the aforementioned facts supported the expansion of the market over the forecast period.

Besides, North America accounted for a significant market share of potassium citrate in 2021 and is expected to continue this pattern over the forecast period. The growth in the North American region is owing to the growing demand from consumers for various skincare goods like peels, creams, and face masks. Moreover, the United States is the largest exporter of personal care & cosmetics products For instance, according to data from the U.S. Department of Commerce, the U.S. exported $838 million worth of personal care and cosmetic products to China in 2020, an increase of 2.2% from the previous year.

Potassium Citrate Market: Competitive Analysis

The global potassium citrate market is dominated by players like:

• FBC Industries
• Archer-Daniels-Midland Company
• Cargill Incorporated
• ATPGroup
• Dr. Paul Lohmann GmbH & Co. KGaA
• Foodchem International Corporation
• Huangshi Xinghua Biochemical Co. Ltd.
• Gadot Biochemical Industries Ltd.
• Jiangsu Mupro IFT Corp.
• Jungbunzlauer Suisse AG
• Niran BioChemical Limited
• RZBC Group Co. Ltd.
• Tate & Lyle PLC.

The global potassium citrate market is segmented as follows:

By Purity

• Less than 98.0%
• 98%-99 %
• Above 99%

By Application

• Buffering Agent
• Flavoring Agent
• Stabilizer
• Anti-oxidation Agent
• Emulsifier
• Acidity Regulator
• Others

By End-Use Industry

• Food & Beverages
• Pharmaceutical
• Cosmetics & Personal Care
• Industrial
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa