Industry Outlook and Trend Analysis
The Potassium Citrate Market was worth USD 0.61 billion in 2014 and is expected to reach approximately USD 0.84 billion by 2023, while registering itself at a compound annual growth rate CAGR of 3.66% during the forecast period.
The product reflects outstanding properties, for example, flavour profile, high solubility rate, and hygroscopicity. Rising significance of emulsifier fortification for accomplishing high return, upgraded time span of usability, and soft crumb structure has driven the demand of citrus product forms. Rising spending on healthcare among working experts is foreseen to advance market infiltration in supplements and antacids. It is likewise used as a diuretic in clinical drug as it lessens liquid level in the human body without the loss of potassium.
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Function Outlook and Trend Analysis
Emulsifier developed as the main fragment by work in 2016, representing 20.2% of the worldwide potassium citrate volume. The fragment is balanced for development because of its use in a many food products including creamy sauce, mayonnaise, candy, creamy sauce, confectionery, packaged processed foods and baked goods.
Application Outlook and Trend Analysis
The food and beverage segment was esteemed at USD 457.1 million in 2016 and is anticipated to witness high picks up by virtue of rise of new economies and developing MandA exercises in the division. Potassium citrate is used as a preservative, acid regulator, and buffering agent in different portions including infant formula, cereals, baby food, dairy, ice cream, carbonated soft drinks, cereals, and dessert.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to enroll considerable income gains in the following years. Developing demand for potassium citrate can be credited to its properties, for example, potassium fortification, pH buffering, improvement of stability as well as complexity, and as a fundamental alkalizer in feed and pet food industry. North America represented 22.8% of the general volume in 2016 and is anticipated to witness significant development over the figure time frame.
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The leading players in the market are BASF, Baker Hughes, a GE company, The International Group Inc, Gadot Biochemical Industries Ltd, Evonik Industries and Archer Daniels Midland. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Potassium Citrate Market is segmented as follows-
Food and Beverage
Personal Care and Household
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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