Potassium Gluconate Market - Forecast(2024 - 2030)

Report Coverage

The report: “Potassium Gluconate Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Potassium Gluconate Market.

By Product Type: Food Grade, Pharmaceutical Grade.
By End-User: Hospitals, Clinics, Others.
By Geography: North America (U.S, Canada, and Mexico), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, the North American Potassium Gluconate Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging intake of dietary supplements including potassium gluconate, a salt of potassium cation in the North American region.

• Potassium Gluconate Market growth is being driven by the burgeoning awareness regarding health involving intake of potassium gluconate, a salt of potassium cation, and the growing population of the elderly. However, the binding regulations for novel pharmaceutical products is one of the major factors hampering the growth of the Potassium Gluconate Market.

• Potassium Gluconate Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Potassium Gluconate Market report. 

Potassium Gluconate Market Share, By Geography, 2021(%):

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Potassium Gluconate Market Segment Analysis – By Product Type:

The Potassium Gluconate Market based on product type can be further segmented into Food Grade and Pharmaceutical Grade. The Food Grade Segment held the largest market share in 2021. This growth is owing to the surging application of food-grade potassium gluconate which is a salt of potassium cation as a food additive to maintain potassium levels in the diet. The advantages of potassium gluconate supplements like enhanced heart health, averting hypokalemia, better bone health, and improved muscle function are further propelling the growth of the food-grade segment.

Furthermore, the Pharmaceutical Grade is estimated to grow with the fastest CAGR of 4.9% during the forecast period 2022-2027 owing to the heightening utilization of potassium gluconate which is a salt of potassium cation as a potassium source against lack of potassium or as a systemic alkaliser.

Potassium Gluconate Market Segment Analysis – By End-User:

The Potassium Gluconate Market based on end-user can be further segmented into Hospitals, Clinics, and Others. The Hospitals segment held the largest market share in 2021. This growth is owing to the accelerated application of potassium gluconate which is a salt of potassium cation in treating increasing count of cases of hypokalemia in hospitals. The increased availability of hospitals, being open 24 hours a day and the enhanced facilities in private hospitals like staying in one’s own room with a spouse and various affordable grades of private care are further propelling the growth of this segment.

Furthermore, the Clinics segment is estimated to grow with the fastest CAGR of 5.1% during the forecast period 2022-2027 owing to the surging application of potassium gluconate which is a salt of potassium cation as a dietary supplement to avert reduced potassium in conjunction with added benefits of clinics like more reliable shifts, lesser holiday and weekend hours, and long-term relationships with patients with tinier practices having more of a community feel.

Potassium Gluconate Market Segment Analysis – By Geography:

The Potassium Gluconate Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Potassium Gluconate Market) held the largest share with 36% of the overall market in 2021. The growth of this region is owing to the increasing predominance of unprovoked hypokalemia amidst the African-American population in the region resulting in the greater application of potassium gluconate, a salt of potassium cation. As per the Centers for Disease Control And Prevention (CDC), unprovoked hypokalemia can result in hypertension and is related to various forms of acknowledged secondary hypertension and hypertension is more predominant among the African American population in comparison with European American population in the U.S. The expanding utilization of potassium gluconate worldwide as an active constituent in supplements and the soaring consumption of these supplements in the North American region is further propelling the growth of the Potassium Gluconate Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like surging consumption of dietary supplements like potassium gluconate which is a salt of potassium cation. The extensive utilization of potassium gluconate in bakery, personal-care and agrochemicals is further fuelling the progress of the Potassium Gluconate Market in the Asia-Pacific region.

Potassium Gluconate Market Drivers

Increased Application Of Potassium Gluconate In Treatment And Prevention Of Hypokalemia Is Projected To Drive The Growth Of Potassium Gluconate Market:

Potassium Gluconate is a salt of potassium cation. Potassium Gluconate is a potassium additive recorded in the treatment and prevention of hypokalemia. A lot of potassium may be lost by way of urine, sweat, or bowel movements. Insufficient potassium consumption and minimized magnesium levels may lead to hypokalemia. One technique of treating hypokalemia is building up potassium levels. A potassium-rich diet is typically suggested. Potassium supplements like potassium gluconate can be taken to treat or prevent this condition. The surging application of potassium gluconate for prevention or treatment of Hypokalemia is therefore fuelling the growth of the Potassium Gluconate Market during the forecast period 2022-2027.

Increased Application Of Potassium Gluconate As Food Additive Is Expected To Boost The Demand Of Potassium Gluconate:

Potassium gluconate is a salt of Potassium cation and is categorized as a food additive by the U.S. Food And Drug Administration (FDA). It is also utilized as a potassium supplement. Potassium is an indispensable nutrient. It is the amplest cation in the intracellular liquid, where it plays an essential role in keeping up cell function. In dietary additives, potassium is frequently available as potassium chloride, but multiple additional forms like potassium citrate, phosphate, aspartate, bicarbonate, and gluconate are also utilized. Potassium gluconate is thought to be more agreeable and non-acidifying than potassium chloride (KCl). Reduced consumption of potassium may bring about the hazard of sickness owing to the extensive role of potassium in the human body. Therefore potassium gluconate is increasingly utilized as a food additive to maintain an appropriate level of potassium in the diet. The proliferating application of potassium gluconate as a food additive is driving the growth of the Potassium Gluconate Market during the forecast period 2022-2027.

Potassium Gluconate Market Challenges

Restrictions On Usage Of Potassium Gluconate Is Challenging The Growth Of The Potassium Gluconate Market:

Potassium Gluconate, a salt of potassium cation should not be utilized if a potassium-sparing diuretic like amiloride, eplerenone, spironolactone, or triamterene is being taken. If there are soaring levels of potassium in the blood, then potassium gluconate should not be utilized. In case of heart ailments, irregular heartbeats, diabetes, trouble swallowing, a serious burn hurt, an ulcer or other issues with stomach or intestine, Addison’s disease, an allergic reaction, kidney ailment, or dehydration, the physician needs to be consulted on whether usage of potassium gluconate is safe or not. In case of overdose, emergency medical attention needs to be sought at once. While taking potassium gluconate, usage of other potassium supplements, salt substitutes, or reduced-sodium foods needs to be avoided unless prescribed by the physician. These issues are hampering the growth of the Potassium Gluconate Market.

Potassium Gluconate Industry Outlook

Novel product launches, mergers and acquisitions, agreements, collaborations, ongoing R&D activities, expansions, investments, and joint ventures are key strategies adopted by players in this market. Potassium Gluconate top 10 companies include:

1. Corbion N.V.
2. Jungbunzlauer Suisse AG
3. Jost Chemical Co.
4. GlaxoSmithKline plc
5. Novartis AG
6. Merck and Co., Inc.
7. Abbott Laboratories
8. Boehringer Ingelheim GmbH
9. AstraZeneca plc
10. F. Hoffmann-La Roche AG

Acquisitions/Product Launches:

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