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Tripotassium Citrate Market by Type (Tripotassium Citrate Monohydrate, Tripotassium Citrate Anhydrate) by Function (Acidulant, Emulsifier, Diuretic, Stabilizer, Chelating, Antioxidant) by End-user (Food and Beverage, Pharmaceuticals, Personal Care, Household, Others)- Growth, Future Prospects And Competitive Analysis, 2016 - 2028

The potassium salt of citric acid is called Tripotassium Citrate. Tripotassium Citrate is a white crystalline powder and hygroscopic. It tastes like saline and has no odor. Tripotassium Citrate contains around 38% potassium by mass. Tripotassium Citrate is available in two types monohydrate and anhydrate. Tripotassium Citrate is increasingly being used as a substitute for sodium citrate. Tripotassium Citrate is primarily used to control acidity and supplement sources of potassium.       

The global Tripotassium Citrate market is expected to witness a CAGR of 3.87% during the forecast period. The revenue generated by the global Tripotassium Citrate market in 2021 was over USD 746.32 million and is expected to generate revenue worth USD 984.45 million in 2028. Therefore, the incremental growth opportunity offered by the global Tripotassium Citrate is estimated to be USD 6.17 billion between 2022 and 2028.    

tripotassium-citrate-market

Interesting Facts about Tripotassium Citrate Industry

  • Tripotassium Citrate primarily used to control kidney stones
  • Tripotassium Citrate is very crucial in the treatment of gout
  • Tripotassium Citrate is widely used as a buffering agent in many soft drinks
  • In the food industry, Tripotassium Citrate is mainly used to regulate acidity
  • The Asia Pacific dominates the production as well as consumption of Tripotassium Citrate

Slow Yet Steady Demand from Pharmaceutical Industry

Food and Beverage, Pharmaceuticals, Personal Care and Household, and others are major end-user industries for the Tripotassium Citrate market. Pharmaceutical is by far and large leading end-user industry for Tripotassium Citrate. It held over 40% share in the total volume of Tripotassium Citrate consumed in 2021. Tripotassium Citrate can be rapidly absorbed and excreted in urine when consumed orally. Tripotassium Citrate is an alkaline salt; it's helpful in pain management and reducing urine frequency. It is also an effective treatment for mild urinary infections such as cystitis. Secondly, Tripotassium Citrate is also very effective in treating gout. Food & beverage is another important consumer industry for Tripotassium Citrate. Demand for Tripotassium Citrate is likely to increase at the fastest CAGR compared to other end-user industries. Tripotassium Citrate is potentially used as a buffering agent in soft drink production. In contrast, acceptance of Tripotassium Citrate is growing in the food & beverage industry as an acidity regulator.

Tripotassium Citrate Monohydrate Held the Largest Share    

Tripotassium Citrate Monohydrate and Tripotassium Citrate Anhydrate are two significant types of Tripotassium Citrate. Tripotassium Citrate Monohydrate held the largest share of over 60% in volume and revenue in 2021. Tripotassium Citrate demand is spurred by increasing application areas apart from food & beverage and pharmaceuticals. Tripotassium Citrate is increasingly being used to produce personal care products and household products.

Growing Use of Tripotassium Citrate for Different Functions

Acidulant, Emulsifier, Diuretic, Stabilizer, Chelating, and Antioxidant are significant functions for which Tripotassium Citrate is used. Tripotassium Citrate is widely used to regulate acidity as a stabilizer, chelation agent, and antioxidant. Tripotassium Citrate is primarily used as a functional agent in the food & beverage industry. It plays a crucial role in the food & beverage industry as an emulsifier, stabilizer, acidity regulator, antioxidant, etc. For instance, Tripotassium Citrate is used as an emulsifier in sliced & processed cheese products. In addition, Tripotassium Citrate is widely used in ice-cream mix, club soda, jams, sweets, milk powder, wine, carbonated beverages, etc.

Impact of Russia – Ukraine War

The Tripotassium Citrate market is mainly dominated by the Asia Pacific and production and consumption. There are very few companies located in Russia and Ukraine. Moreover, the consumption volume of Tripotassium Citrate is also just around 2 to 35 in Russia and Ukraine. This, in turn, will have no significant impact on global Tripotassium Citrate market dynamics. 

Massive Consumption in the Asia Pacific 

Tripotassium Citrate consumption, as well as production, is dominated by the Asia Pacific. It held over 45% share in 2021. China overlooks the Asia Pacific. China has emerged as the single largest market for the production of Tripotassium Citrate. It also dominates the export and is one of Tripotassium Citrate's largest exporters to the world. While Japan, South Korea, and India are the most promising markets for future growth of Tripotassium Citrate. Europe is the second largest market for Tripotassium Citrate. Germany, the UK, and France are leading markets in Europe. Brazil, Egypt, Vietnam, South Africa, Italy, and Spain are important markets for the Tripotassium Citrate industry. 

Highly Fragmented Nature of Global Tripotassium Citrate Market 

The global Tripotassium Citrate market is flooded with a large number of players. ADM, Atpgroup, Cargill, FBC Industries, Gadot Biochemical Industries, Hunan Dongting Citric Acid Chemical, Jungbunzlauer Company, Lohmann, Natural Biological Group, RZBC, Shuren Kechuang (Lianyungang), and Tate & Lyle are some of the prominent players in the global Tripotassium Citrate industry. The market is highly fragmented, and a large number of players are present across the world. The aforementioned players held just over 45% share of global market in 2021. 

Frequently asked questions

Likewise other industries, COVID 19 also taken a toll on Tripotassium Citrate market with around 8.03% decline in its growth rate in 2020 as compare to 2019

Asia Pacific is the largest regional market with highest share in the total revenue generation of Tripotassium Citrate consumed in 2021

Ever increasing demand from pharmaceutical industry across the world is primary market growth driver for the global Tripotassium Citrate market

Tripotassium Citrate Monohydrate segment dominated the Tripotassium Citrate market in 2021 with over 60% share

Pharmaceuticals was the largest end-user of Tripotassium Citrate in 2021 with over 40% share

Tripotassium Citrate Report Scope

Report Attribute Details
Market Value in 2021 USD 746.35 million
Market Value in 2028 USD 984.45 million
CAGR 3.87% between 2022 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Segments covered

Type

Tripotassium Citrate Monohydrate

Tripotassium Citrate Anhydrate

Others

Function

Acidulant

Emulsifier

Diuretic

Stabilizer

Chelating

Antioxidant

End-user

Food & Beverage

Pharmaceuticals

Personal Care

Household

Others

Major Players Analysed ADM, Atpgroup, Cargill, FBC Industries, Gadot Biochemical Industries, Hunan Dongting Citric Acid Chemical, Jungbunzlauer Company, Lohmann, Natural Biological Group, RZBC, Shuren Kechuang (Lianyungang) and Tate & Lyle
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
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Published Date:  Mar 2022
Category:  Chemicals
Report ID:   60526
Report Format:   PDF
Pages:   132
Rating:    4.6 (38)
Delivery Time: 24 Hours to 48 Hours   
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