Market Overview:
The global food grade potassium chloride market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for potassium chloride from the food and beverage industry, as it is an essential nutrient required for human health. In addition, the growing awareness about the benefits of using potassium chloride as a nutritional supplement is also contributing to the growth of this market. Based on type, the global food grade potassium chloride market can be segmented into particle, powder and crystal form. The particle form is expected to account for a major share of this market in 2018 owing to its high purity and superior quality. By application, the food grade potassium chloride market can be divided into food processing industry, beverage industry and nutritional supplement industry. The food processing industry accounted for a major share of this market in 2017 due to its growing demand for processed foods across all regions worldwide.
Product Definition:
A food grade salt that is used to add flavor to food or as a preservative. It can also be used as a laxative.
Particle:
Particle is a small piece of matter that has no color, taste or odor. It is made up of organic and inorganic compounds. Particles are used in food for several reasons such as they help to enhance the appearance, texture and flavor of the end product by altering its physical properties. They also have an important role in maintaining the structure and stability of food ingredients due to their hydrophilic nature which makes them absorbent towards water molecules thus preventing ingredient swelling.
Powder:
Powder is a mixture of potassium chloride and dextrose. It is used as an electrolyte in the food grade potassium chloride market. The product helps in maintaining the pH level of gastric juices, which further helps in digestion. It also provides necessary water along with other minerals to maintain the fluid balance of stomach cells, thus preventing dehydration caused due to diarrhea or vomiting.
Application Insights:
The global food grade potassium chloride market is segmented on the basis of application into food, beverage, nutritional supplement and others. The food application dominated the overall industry in terms of revenue share at over 60% in 2017. This high share is attributable to its extensive use as a table salt substitute by major manufacturers across the globe. It has been proven to be an effective substitute for sodium chloride due to its unique combination of chlorine and potassium properties which help maintain electrolyte balance in human body fluids without causing any harm or discomfort to kidneys or heart.
The beverage segment was valued over USD 200 million in 2017 owing to increasing demand for flavored mineral water worldwide especially from Asia Pacific region where this product finds huge applications as a natural source of minerals such as calcium, magnesium & lithium along with other elements such as sodium & chlorine that are essential for human health requirements. Increasing consumption of carbonated soft drinks (CSD) globally has led governments around the world including U.S.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and has been witnessing rapid urbanization, which has led to an increase in per capita income levels. This trend is projected to continue over the next seven years, thereby driving demand from food grade potassium chloride application segment.
The growing middle-class population in China, India, Indonesia, Malaysia Philippines Thailand Vietnam South Korea Japan is likely to propel consumer spending on food & beverages including processed meat products like ham and bacon as well as dairy items like cheese and milk powder among others. These trends are anticipated to augment product demand from 2018 to 2030 time frame.
Growth Factors:
- Increasing demand for food grade potassium chloride from the food and beverage industry as a flavor enhancer and preservative.
- Rising demand for potassium chloride in the pharmaceuticals industry as a key ingredient in medicines and supplements.
- Growing popularity of processed foods that require food grade potassium chloride for taste enhancement and preservation purposes.
- Rapid expansion of the global population, which is leading to an increase in overall consumption of foods and beverages that contain potassium chloride additives. 5) Technological advancements that are making it easier to produce high-quality food grade potassium chloride products, thereby driving down costs and expanding market reach
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Potassium Chloride Market Research Report
By Type
Particle, Powder, Crystal
By Application
Food, Beverage, Nutritional Supplement, Others
By Companies
Parchem, Klinge Chemicals, ICL(ICL-IP), All Chemical, Anmol Chemicals Group, PanreacQuímicaSLU(ITW Reagents), Spectrum, Foodchem International Corporation, Cargill, NuGenTec, K + S, Morton, JIANGSU MUPRO IFT CORP.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Potassium Chloride Market Report Segments:
The global Food Grade Potassium Chloride market is segmented on the basis of:
Types
Particle, Powder, Crystal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Beverage, Nutritional Supplement, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Parchem
- Klinge Chemicals
- ICL(ICL-IP)
- All Chemical
- Anmol Chemicals Group
- PanreacQuímicaSLU(ITW Reagents)
- Spectrum
- Foodchem International Corporation
- Cargill
- NuGenTec
- K + S
- Morton
- JIANGSU MUPRO IFT CORP.
Highlights of The Food Grade Potassium Chloride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Particle
- Powder
- Crystal
- By Application:
- Food
- Beverage
- Nutritional Supplement
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Potassium Chloride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade potassium chloride is a white, odorless powder that is used as a food additive to improve flavor and prolong shelf life. It can also be used as an agricultural chemical to control pests.
Some of the major companies in the food grade potassium chloride market are Parchem, Klinge Chemicals, ICL(ICL-IP), All Chemical, Anmol Chemicals Group, PanreacQumicaSLU(ITW Reagents), Spectrum, Foodchem International Corporation, Cargill, NuGenTec, K + S, Morton, JIANGSU MUPRO IFT CORP..
The food grade potassium chloride market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Potassium Chloride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Grade Potassium Chloride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Potassium Chloride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Grade Potassium Chloride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Grade Potassium Chloride Market Size & Forecast, 2018-2028
4.5.1 Food Grade Potassium Chloride Market Size and Y-o-Y Growth
4.5.2 Food Grade Potassium Chloride Market Absolute $ Opportunity
Chapter 5 Global Food Grade Potassium Chloride Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Grade Potassium Chloride Market Size Forecast by Type
5.2.1 Particle
5.2.2 Powder
5.2.3 Crystal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Potassium Chloride Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Grade Potassium Chloride Market Size Forecast by Applications
6.2.1 Food
6.2.2 Beverage
6.2.3 Nutritional Supplement
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Potassium Chloride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Potassium Chloride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Grade Potassium Chloride Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Potassium Chloride Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Grade Potassium Chloride Market Size Forecast by Type
9.6.1 Particle
9.6.2 Powder
9.6.3 Crystal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Grade Potassium Chloride Market Size Forecast by Applications
9.10.1 Food
9.10.2 Beverage
9.10.3 Nutritional Supplement
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Grade Potassium Chloride Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Potassium Chloride Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Grade Potassium Chloride Market Size Forecast by Type
10.6.1 Particle
10.6.2 Powder
10.6.3 Crystal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Grade Potassium Chloride Market Size Forecast by Applications
10.10.1 Food
10.10.2 Beverage
10.10.3 Nutritional Supplement
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Grade Potassium Chloride Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Potassium Chloride Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Grade Potassium Chloride Market Size Forecast by Type
11.6.1 Particle
11.6.2 Powder
11.6.3 Crystal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Grade Potassium Chloride Market Size Forecast by Applications
11.10.1 Food
11.10.2 Beverage
11.10.3 Nutritional Supplement
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Grade Potassium Chloride Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Potassium Chloride Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Grade Potassium Chloride Market Size Forecast by Type
12.6.1 Particle
12.6.2 Powder
12.6.3 Crystal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Grade Potassium Chloride Market Size Forecast by Applications
12.10.1 Food
12.10.2 Beverage
12.10.3 Nutritional Supplement
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Grade Potassium Chloride Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Potassium Chloride Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Grade Potassium Chloride Market Size Forecast by Type
13.6.1 Particle
13.6.2 Powder
13.6.3 Crystal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Grade Potassium Chloride Market Size Forecast by Applications
13.10.1 Food
13.10.2 Beverage
13.10.3 Nutritional Supplement
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Potassium Chloride Market: Competitive Dashboard
14.2 Global Food Grade Potassium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Parchem
14.3.2 Klinge Chemicals
14.3.3 ICL(ICL-IP)
14.3.4 All Chemical
14.3.5 Anmol Chemicals Group
14.3.6 PanreacQuímicaSLU(ITW Reagents)
14.3.7 Spectrum
14.3.8 Foodchem International Corporation
14.3.9 Cargill
14.3.10 NuGenTec
14.3.11 K + S
14.3.12 Morton
14.3.13 JIANGSU MUPRO IFT CORP.
