Potassium Citrate Market 2020 by Excellent Opportunities and Statistics by Top 5Posted by Rishab Gupta on January 6th, 2020 Defination Potassium citrate, a mixture of potassium salt and citric acid is often used as a food additive and in the medicines designed to improve heart and bone health and in the treatment of conditions like kidney stones. Potassium citrate is also used in the personal care product as well as for other purposes including agriculture/animal feed/poultry. Acting as a buffer, chelating agent, stabilizer, anti-oxidant, emulsifier, and flavoring additive, potassium citrate finds its application in a number industries such as Food & Beverage, Pharmaceutical, Health & Personal care products, Agriculture, and Animal Feed products. Resultantly, Potassium citrate witnesses a vast demand and it’s market witnesses colossal accruals, globally. Major Players Key players leading the global potassium citrate market include Tate & Lyle Plc (UK), Cargill, Incorporated (US), Dr. Paul Lohmann GmbH KG (Germany), Gadot Biochemical Industries Ltd. (Israel), Archer Daniels Midland Company (US), FBC Industries, Inc. (US), and American Tartaric Products Inc. (US) among others. Potassium Citrate is estimated to grow at a CAGR of over 3% during the forecast period of 2018–2023. Industry/ Innovation/ Related News September 12, 2017 –– Strides Shasun Limited (Africa), a generic pharmaceutical product manufacturing business announced receiving of the US FDA approval for its potassium citrate extended-release tablets USP 5 mEq, 10 mEq, and 15 mEq. designed for the treatment of kidney stone. Strides Shasun is the second generic player to get approval for the commercialization of generic medicines. The company planned to launch it immediately. Potassium Citrate Market – Segments For ease of understanding, the analysis has been segmented into three key dynamics: – By Function : Acidulant, Emulsifier, Diuretic, Stabilizer, Chelating, and Antioxidant among others. By Application : Food & Beverage, Pharmaceuticals, and Personal Care & Household among others. By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World. Potassium Citrate Market – Regional Analysis The Asia Pacific region heading with its burgeoning food & beverage and healthcare industry dominates the global potassium citrate market. In 2017, the APAC region had accounted for the largest as in 23% of the share. Moreover, factors such as the ever-increasing population that is continually increasing the demand for food alongside the quality healthcare and effective medicines are substantiating the growth of the regional market, driving the F&B and pharmaceutical sector. China, being the largest producer and consumer of potassium citrate dominates the regional market. Additionally, the huge demand for potassium citrate in the making of personal care and household products is providing a colossal impetus to the growth of the regional market. The potassium citrate market in the North American region accounts for the second-largest market, globally. The growing adoption of potassium citrate in a number of end-use industries that are growing rapidly is a dominant factor driving the growth of the regional market. Furthermore, the increasing demand for on-the-go food products and processed meats is fuelling the growth of the market. The European potassium citrate market is emerging as a profitable market, globally. Factors such as the growing demand in the cosmetic industry and the ever-increasing consumption in the burgeoning pharmaceutical industry in the region are acting as key driving forces behind the growth of the potassium citrate in the region. Moreover, the presence of major manufacturers impacts the growth in the European region, offering a superior quality product. Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/potassium-citrate-market-6250 Potassium Citrate Market – Competitive Analysis Highly competitive, the potassium citrate market appears fragmented with the presence of several well-established and small-scale players. These players incorporate strategic initiatives such as the acquisition, partnership, collaboration, product launch, and expansion to gain a competitive advantage in this market. Manufacturers can be found around the world and they usually do a good job of delivering uniform and clean product. Suppliers buy raw product and blend it from different sources to achieve a specific product. Over time they change suppliers but through careful quality control to the extent that their customers often do not realize their product is coming from different sources with different shipments. Increasingly customers are connecting with suppliers on other continents, not infrequently this has led to misunderstandings and delivery of bad or variable product. Intended Audience
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