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Potassium Citrate Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: October 2023 || SKU: FB6993
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Potassium Citrate Market Overview

The Global Potassium Citrate Market reached USD 759 million in 2022 and is expected to reach USD 992.2 million by 2030, growing with a CAGR of 3.9% during the forecast period 2023-2030.

The wide use of potassium citrate in various industrial applications as a replacement for sodium citrate positively impacts market growth. The growing consumer awareness regarding the benefits of a low-sodium diet drives its use at the commercial level. Potassium citrate has various applications in various industries, increasing its demand in the global market.

The increasing approvals from organizations and government authorities for using potassium citrate in food and pharmaceutical applications improve the market expansion in the global platform. For instance, in January 2020, ANI Pharmaceuticals announced the FDA approval for potassium citrate extended-release tablets USP, 10 mEq and 15 mEq. Similarly, in December 2021, Mission Pharmacal Company received FDA approval for its Urocit K extended-release tablets.

The awareness activities taken up by manufacturers to improve consumer knowledge regarding kidney health help in the promotion of their product by prompt delivery of the importance of potassium citrate for kidney health maintenance. For instance, in September 2020, Moonstone Nutrition, a company that provides beverages to reduce kidney stones, declared its educational partnership with the National Kidney Foundation.

Potassium Citrate Market Scope and Summary

Metrics

Details

CAGR

3.9%

Size Available for Years

2021-2030

Forecast Period

2023-2030

Data Availability

Value (US$)

Segments Covered

Type, Form, Grade, Purity, Application, End-Use Industry and Region

Regions Covered

North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region

North America

Largest Region

Asia-Pacific

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

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Potassium Citrate Market Dynamics and Trends

Wide Application of Potassium Citrate as a Sodium Citrate Replacement

High blood pressure and heart diseases are common cases of high sodium diets. NIH estimates that about 75% of the consumer sodium intake comes from industrialized diets. Baked food, confectionery, and beverages are the main sources of sodium intake. With the wide consumption of processed food products, sodium levels are increasing adversely, badly impacting the body.

Cardiovascular diseases and kidney problems are problems with excessive sodium levels in the body. With the suggestions from WHO and other international organizations, manufacturers are replacing sodium in industrial use with potassium citrate. The high demand for potassium citrate from various industries, including food, pharmaceutical and cosmetics, drives the market demand.

Increasing Incorporation of Potassium Citrate in Dietary Supplements

The functional properties of potassium citrate drive its use in various industrial applications. Potassium citrate is gaining popularity for its use in functional product formulation. For instance, in June 2020, Moonstone Nutrition, a company that provides beverages to reduce kidney stones, introduced its first-ever ready-to-drink functional beverage that assists consumers with kidney stone issues.

Moonstone Nutrition company provides powdered and ready-to-drink with potassium citrate formula, that prevents kidney stones. Potassium citrate’s ability to act as a pH-adjusting ingredient and chelating agent drives its use in skincare and cosmetic product formulations that help in the natural preservation of the product.

The cosmetic industry uses potassium citrate to produce a wide range of personal care products, including supplements and beauty products. For instance, in January 3023, Nourished, a personalised gummy vitamins producer, in collaboration with Neutrogena Corporation, an American cosmetic company, introduced The Ageless Skinstack, a personalized 3D-printed dietary supplement for healthy skin. Potassium citrate is a key ingredient in the product formulation, increasing the market scope in this field.

Side Effects Related to Potassium Citrate

Major and minor side effects of using excessive potassium citrate can be one of the major restraining factors of the global potassium citrate market. 30 to 100 mEq per day is the recommended range of potassium citrate dosage. Too much potassium citrate will increase the potassium levels in the body, causing hyperkalemia. Gastrointestinal issues like stomach irritation and vomiting are usually observed as potassium citrate side effects.

According to the National Institute of Health, an average adult's recommended potassium intake is about 2600 mg. Hyperkalemia causes muscle weakness and fatigue. In extreme cases, hyperkalemia leads to heart problems. It is advised that individuals suffering from chronic kidney failure shouldn’t take potassium citrate.

Potassium Citrate Market Segment Analysis

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

Increasing Applications of Potassium Citrate in Various Industries

The global potassium citrate market is segmented based on the end-use industry into food & beverage, pharmaceuticals and personal care. The food & beverage industry segment dominated the market. Potassium citrate is famous for its role in flavor enhancement, preservation and emulsification. Potassium citrate helps balance the metallic artificial and pungent flavors and enhances the flavor of carbonated beverage products. Adding potassium citrate to the food and beverage product helps stabilise the product’s pH.

Potassium citrate is used as an emulsifying agent in the food industry. It has wide uses as an emulsifier in the baking and confectionery industries. Many manufacturing companies are introducing potassium citrate to meet the rising demand. For instance, in October 2021, Bell Chem, a food ingredient supplier, introduced potassium citrate in its product portfolio for wider applications in various industries.

Potassium Citrate Market Geographical Penetration

High Production of Potassium Citrate in the Asia-Pacific Region

Asia-Pacific dominated the potassium citrate market globally, with high production and export of the product. China accounts for the largest potassium citrate production. With production, China exports the product to various other areas, including U.S. The high production rates of this product, allow the abundant availability of product for its use as an ingredient in various industries.

Rapid industrialization in this region increases the demand for potassium citrate due to its wide applications in food, pharmaceutical and cosmetic industries. With the development of such industries, the demand for commercial additives increases, boosting market growth. High demand for potassium citrate from the pharma and food industries increases the market demand.

The presence of major players, such as Huangshi Xinghua Biochemical and Foodchem International Corporation and their active operation in this region drives the market growth. Hugestone Enterprise Co. Ltd, Shanghai Jinhuan Chemical Co. Ltd, Zibo Wie Import & Export Trade Co. Ltd and Hebei Mojin Biotechnology Co. Ltd are some of the top manufacturers and suppliers of potassium citrate that provide purity of 99%.

Potassium Citrate Market Companies and Competitive Landscape

The major global players in the market include ADM, Gadot Biochemical Industries, Cargill, Huangshi Xinghua Biochemical, Jungbunzlauer Suisse AG, FBC Industries, Foodchem International Corporation, Dr.Paul Lohmann GmbH KG, ICM Pharma and Global Calcium.

COVID-19 Impact on Potassium Citrate Market

The COVID-19 pandemic hugely impacted every industrial sector, whether positively or negatively. The potassium citrate market had a moderate impact due to the pandemic situation. The sudden declaration of lockdowns interrupted the industrial activities of the production of potassium citrate, due to improper availability of resources.

Interrupted supply chain activities and distribution channels resulted in the shortage of raw materials needed to produce various food and pharmaceutical products. On the other hand, increased health awareness and demand for potassium citrate as an additive in food production and an important ingredient in the pharmaceutical industries positively impacted the market.

Most manufacturers adopted e-commerce platforms for the sales and purchases of the products, providing accessibility to the product in the global range. The increased popularity of the e-commerce sector during COVID-19 improved the marketing of multiple products, including potassium citrate.

Russia- Ukraine War Impact

The Russia-Ukraine war negatively impacted food and other functional industries. The improper supply chain activities damaged the demand-supply chain processes on the global level. War created a scarcity of raw materials, increasing their prices. Potassium citrate is used as an ingredient in industrial applications. The unavailability of this product due to disrupted import and export at the industrial level badly impacted the final product production.

Key Developments

  • In March 2023, Advicenne, a speciality pharmaceutical company, notified that Sibnayal, a ready mix of potassium citrate and potassium bicarbonate, is restored in Denmark, with the improved commercialization of the product.
  • In April 2021, Camber Pharmaceuticals Inc., a U.S.-based pharmaceutical company, introduced Potassium Citrate ER Tablets, a generic version of Urocit-K. The product is available in 5 mEq, 10 mEq, and 15 mEq each.
  • In November 2020, Israeli company Gadot Biochemical Industries developed its new production plant for tri-potassium citrate and tri-sodium citrate production.

Why Purchase the Report?

  • To visualize the global potassium citrate market segmentation based on type, form, grade, purity, application, end-use industry and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of potassium citrate market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global potassium citrate market report would provide approximately 93 tables, 100 figures and 189 Pages.

Target Audience 2023

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
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FAQ’s

  • Potassium Citrate Market is expected to grow at a high CAGR of 3.9% during the forecasting period (2023-2030).

  • The major global players in the market include ADM, Gadot Biochemical Industries, Cargill, Huangshi Xinghua Biochemical, Jungbunzlauer Suisse AG, FBC Industries, Foodchem International Corporation, Dr.Paul Lohmann GmbH KG, ICM Pharma and Global Calcium.
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