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Potassium Citrate Industry Size, Market Applications And 2023 Forecasts

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By Author: Market Research
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Potassium Citrate Market Synopsis

Potassium citrates are used in a wide range of sectors such as food and beverage, pharmaceuticals, personal care and household, and others. The food and beverage segment is estimated to generate the highest revenue during the forecast period.

Potassium citrate is used extensively as a preservative and acidity regulator in foods such as salt substitutes, meat products, cheese, cereals, bakery and confectionery products, and soups.

Competitive Dashboard

Some of the prominent players operating in the g potassium citrate global market are Cargill, Incorporated (US), Tate & Lyle Plc (UK), Dr. Paul Lohmann GmbH KG (Germany), Archer Daniels Midland Company (US), Gadot Biochemical Industries Ltd. (Isreal), American Tartaric Products Inc (US), and FBC Industries, Inc. (US)

Segmentation

Potassium Citrate Market has been segmented by function, application, and region. On the basis of function, the market has been divided into acidulant, emulsifier, stabilizer, chelating agent, antioxidant, diuretic, and others. On the basis of application, the market has been ...
... classified as food and beverage, pharmaceuticals, personal care, household, and others. On the basis of region, the global potassium citrate market has been segmented into North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa.

Regions

The global potassium citrate industry has been studied with regard to five regions—Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global market in 2017 and is projected to be the fastest-growing regional market during the forecast period due to the increasing use of potassium citrate in the food and beverage, pharmaceuticals, and cosmetic and personal care industries. Increasing government investments in the development of the retail sector have made the availability of cosmetics easier in the region which, in turn, is substantially contributing to the growth of the potassium citrate market. Moreover, China is one of the major producers of potassium citrate in the region, which is further expected to boost the growth of the market.

The North American market is expected to grow at a steady CAGR due to the extensive use of potassium citrate in the food and beverage industry. The US and Canada are the major markets accounting for the growth of the regional market.

The growing working population in the region has propelled the demand for processed and on-the-go food and beverage products, thus driving the use of potassium citrate in the food and beverage industry. In addition, the developed cosmetic and healthcare sectors are also leading to a surge in product demand.

BROWSE FULL REPORT DETAILS @https://www.marketresearchfuture.com/reports/potassium-citrate-market-6250

Intended Audience

Potassium citrate market manufacturers
Traders and distributors of potassium citrate
Production process industries
Potential investors
Raw material suppliers

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