Global Potassium Citrate Market Provides Company Distribution Shares & Market Outlook to 2023<span class="rating-result after_title mr-filter rating-result-4868" >			<span class="no-rating-results-text">No ratings yet.</span>		</span>
Global Potassium Citrate Market Provides Company Distribution Shares & Market Outlook to 2023

Potassium Citrate Market

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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Competitive Insights 

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-

By Function:

Emulsifier
Acidulant
Diuretic
Others

By Application:

Pharmaceutical
Food and Beverage
Personal Care and Household
Others


By Region:

North America

U.S.
Canada
Mexico

Europe

Germany
UK
France
Russia
Italy
Rest of Europe

Asia-Pacific

China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific

South America

Brazil
Argentina
Columbia
South Africa
Rest of South America

Middle East and Africa

Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA

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