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Global Potassium Citrate Market Poised for Sustained Growth, Reaching US$746.804 Million by 2029: Enhanced Consumption through Dietary Supplements, Healthy Alternatives in the Food Industry
Potassium Citrate Market
Dublin, June 21, 2024 (GLOBE NEWSWIRE) -- The "Potassium Citrate Market - Forecasts from 2024 to 2029" report has been added to ResearchAndMarkets.com's offering.
A recent market intelligence report foresees a steady growth trajectory for the Potassium Citrate market. By the year 2029, a compounded annual growth rate (CAGR) of 3.05% is projected, which would catapult the market size from US$605.110 million in 2022 to an impressive US$746.804 million. Potassium Citrate has multifaceted applications ranging from food additives to pharmaceuticals and is revered for its heart and bone health benefits.
The market's propulsion is attributed to various factors, including the escalating demand within the processed food sector, underscoring a shift in dietary preferences toward healthier and non-GMO options. The inherent properties of Potassium Citrate, such as its solubility, non-toxic nature, and stability, further galvanize its global demand.
Healthy Alternatives in the Food Industry
An increased propensity towards low-sodium products has fueled the substitution of sodium citrate with Potassium Citrate in food preparations. This shift comes in response to heightened consumer awareness surrounding the risks of high-sodium diets. Potassium Citrate's integration into oral rehydration solutions is another area spotlighting the market's innovative stance in promoting consumer health.
Addressing Chronic Kidney Diseases
The rise in chronic kidney diseases (CKD) with associated cardiovascular risks also underscores the importance of Potassium Citrate in the medical domain. Its role in mitigating renal tubular acidosis and preventing gout-induced kidney stones is significant, with potential applications even in veterinary medicine to improve life quality for cats suffering from CKD.
Enhanced Consumption through Dietary Supplements
Potassium Citrate's versatile properties make it a sought-after component in the diet supplement industry. Notable market entries, such as the introduction of specialized beverages for kidney health, exemplify this trend and reflect the innovative approaches companies are adopting.
Market Penetration by Region
The Asia-Pacific region dominates the Potassium Citrate market, with China spearheading production and export, particularly to the United States. The region's market dominance is due to competitive pricing strategies rooted in efficient production costs. Rapid industrialization across the food, pharmaceutical, and cosmetic sectors in the Asia-Pacific further catalyzes the market growth, integrating commercial additives into their products.
Key Developments in the Market
Recent market developments include the launch of innovative healthcare solutions and strategic collaborations aimed at expanding the therapeutic applications of Potassium Citrate. Such initiatives reflect the ongoing commitment of industry players to addressing prevalent health concerns and enhancing consumer well-being through advanced product offerings.
The Potassium Citrate market's growth is underpinned by the continuous evolution of consumer preferences, technological advancements, and a collective drive towards achieving better health outcomes. These dynamic factors collectively chart a promising course for the market well into the next decade.
Key Attributes:
Report Attribute | Details |
No. of Pages | 132 |
Forecast Period | 2022 - 2029 |
Estimated Market Value (USD) in 2022 | $605.11 Million |
Forecasted Market Value (USD) by 2029 | $746.8 Million |
Compound Annual Growth Rate | 3.0% |
Regions Covered | Global |
Companies Featured
Cargill
Tate & Lyle
ADM
Jungbunzlauer Suisse AG
Cofco Biochemical
American Tartaric Products
Huangshi Xinghua Biochemical
Gadot Biochemical Industries
Niran
Adani Pharamachem
For more information about this report visit https://www.researchandmarkets.com/r/uoldv2
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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