Global Potassium Citrate Market Overview:
Potassium Citrate is the potassium salt of citrate with the alkalinizing property. It contains 38.3% potassium by mass. It is used to treat a kidney stone condition called renal tubular acidosis and for the management of Hipocitraturic calcium oxalate nephrolithiasis.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing Demand for Emulsifiers in Processed Foods such as Meat
- Increasing Usage of Potassium Citrate in Healthcare Industry
Roadblocks
- Fluctuation in the Cost of Raw Materials such as Potassium Carbonate, and Citric Acid
Opportunities
- Rapid Shift of Consumers to a Healthier Diet
- Rising Spending On Personal Healthcare among Working Professionals
Challenges
- Side Effects Caused by Potassium Citrate Tablets such as Nausea, Vomiting, etc.
Competitive Landscape:
Philippines potassium citrate market is consolidated with the presence of very few players. Due to the various applications in the food industry, pharma industry, and cosmetic industry, players are formulating strategies for expansion.
Some of the key players profiled in the report are The Generics Pharmacy (Philippines), Brenntag North America, Inc. (Germany), Thermo Fisher Scientific (United States), Cargill, Incorporated, Tate & Lyle Plc (United Kingdom), Dr. Paul Lohmann GmbH KG (Germany), Archer Daniels Midland Company, Gadot Biochemical Industries Ltd. (Israel), American Tartaric Products Inc. (United States) and FBC Industries, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Jungbunzlauer Suisse AG (Switzerland), Huangshi Xinghua Biochemical (China), Niran BioChemical Limited (China) and Evonik Industries AG (Germany). Considering Market by Raw Materials, the sub-segment i.e. Potassium Carbonate will boost the Potassium Citrate market. Considering Market by Form, the sub-segment i.e. Granules will boost the Potassium Citrate market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Potassium Citrate market.
Latest Market Insights:
In May 2022 - Orspec Pharma Releases Potassium Citrate Commercially in Australia. The product is made up from the K-Citra 10 (Potassium Citrate) 1080mg SR tab (x100).
In February 2022- Hismile launched a new tooth whitening treatment endorsed by the world's top dentists, setting a new standard for professional smile care. It contains the PAP+ is a whitening formulation created by Hismile that includes the active ingredients phthalimidoperoxycaproic acid (PAP), hydroxyapatite (nano), and potassium citrate
What Can be Explored with the Potassium Citrate Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Potassium Citrate Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Potassium Citrate
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Potassium Citrate market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Potassium Citrate market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potassium Citrate Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Distributors, and Suppliers, End-use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.