Infinium Global Research has added a new report on “Potassium Citrate Market (Grade Type – Industrial Grade, Food Grade, and Pharmaceuticals Grade; End Use Industries – Food & Beverage, Personal Care & Household, Pharmaceutical, and Others): Global Industry Analysis, Trends, Market Size and Forecasts to 2024”.
The report covers the analysis of global as well as regional markets of Potassium Citrate. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report the global potassium citrate market is projected to grow at a CAGR of 3.3% over the forecast period of 2018-2024.
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The application of potassium citrate is rising rapidly across various end use industries such as food and beverages and pharmaceutical that is driving the growth of potassium citrate across all over the globe. The potassium is mainly used in the food and beverage, pharmaceutical, personal care products and others. In addition, the awareness about the health related issues associate with the high consumption of sodium is rising worldwide.
The rising health concern among the population is likely to boost the growth of potassium citrate market. Moreover, increasing demand of low sodium content foods & beverages is anticipated to benefits the market over the forecast period. Growing processed food industry is projected to create several opportunities in the potassium citrate market in upcoming years.
Asia Pacific Accounts for the Largest Market Share in the Potassium Citrate Market and Expected to Dominate the Market throughout the Forecast Period
Asia pacific accounts for the largest market share in the potassium citrate market and expected to dominate the market throughout the forecast period owing to the high consumption of potassium citrate across major end use industries and it is expected to dominate the market over the forecast period. The rising personal care industry in the Asia pacific region is likely to boost the potassium citrate industry in this region. North America is the second largest region in term of production and consumption of potassium citrate market.
Organic and Inorganic Growth Strategies to Remain Key Strategies of the Leading Players
The companies such as Cargill, Incorporated, Archer Daniels Midland Company, FBC Industries, Inc., Tate & Lyle Plc. Adm, Huangshi Xinghua Biochemical, Niran, Thai Citric Acid, Gadot Biochemical Industries and Posy Pharmachem Pvt Ltd. are some major players in the potassium citrate market. These Companies are looking forward for organic as well as non-organic growth opportunities.
Moreover, these companies are continuously focusing on increasing and strengthening their distribution networks, at the same time they are concentrating on their manufacturing to improve their sales. The major players are focusing on the production to increase the market share of potassium citrate is projected to crate the several opportunities for potassium citrate market in upcoming years.
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