Potassium Citrate Market
Dublin, June 21, 2024 (GLOBE NEWSWIRE) — The «Potassium Citrate Market – Forecast 2024 to 2029» report has been added to ResearchAndMarkets.com’s The offer of
A recent market intelligence report predicts a steady growth trajectory for the Potassium Citrate market. By 2029, a compound annual growth rate (CAGR) of 3.05% is projected, which will catapult the market size from $605,110 million in 2022 to an impressive $746,804 million. Potassium citrate has versatile applications ranging from food additives to pharmaceutical products and is revered for its heart and bone health benefits.
The market movement is attributed to various factors, including growing demand within the processed food sector, highlighting a shift in dietary preferences towards healthier, non-GMO options. The inherent properties of potassium citrate, such as its solubility, non-toxic nature and stability, further galvanize its global demand.
Healthy alternatives in the food industry
An increased trend towards low-sodium products has prompted the replacement of sodium citrate with potassium citrate in food preparations. This change comes in response to increased consumer awareness about the dangers of high-sodium diets. The integration of Potassium Citrate into oral rehydration solutions is another area that highlights the market’s innovative stance in promoting consumer health.
Treatment of chronic kidney diseases
The increase in chronic kidney disease (CKD) with associated cardiovascular risks also underlines the importance of Potassium Citrate in the medical field. Its role in mitigating renal tubular acidosis and preventing kidney stones caused by gout is important, with potential applications in veterinary medicine to improve the quality of life for cats suffering from CKD.
Increased consumption through dietary supplements
The versatile properties of Potassium Citrate make it a sought-after component in the dietary supplement industry. Visible market entries, such as the introduction of specialty kidney health drinks, exemplify this trend and reflect the innovative approaches companies are adopting.
Market penetration by region
The Asia-Pacific region dominates the potassium citrate market, with China leading production and export, particularly to the United States. The region’s market dominance is due to competitive pricing strategies rooted in efficient production costs. Rapid industrialization across the food, pharmaceutical, and cosmetic sectors in Asia Pacific further catalyzes market growth, integrating commercial additives into their products.
Key developments in the market
Recent market developments include the launch of innovative healthcare solutions and strategic collaborations aimed at expanding the therapeutic applications of Potassium Citrate. Such initiatives reflect the continued commitment of industry players to address prevailing health concerns and improve consumer well-being through advanced product offerings.
The growth of the Potassium Citrate market is supported by the continuous evolution of consumer preferences, technological advancements and a collective effort towards achieving better health outcomes. These dynamic factors together set a promising course for the market in the coming decade.
Main attributes:
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The report attribute |
The details |
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No. of Pages |
132 |
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Forecast period |
2022 – 2029 |
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Estimated market value (USD) in 2022 |
605.11 million dollars |
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Estimated market value (USD) by 2029 |
746.8 million dollars |
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Compound Annual Growth Rate |
3.0% |
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Regions covered |
global |
Featured companies
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Cargill
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Tate & Lyle
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ADM
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Jungbunzlauer Suisse AG
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Cofco Biochemical
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American Tartar Products
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Huangshi Xinghua Biochem
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Gadot Biochemical Industries
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Nira
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Adani Pharamachem
For more information about this report, visit https://www.researchandmarkets.com/r/uoldv2
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