Global Potassium Carbonate market size is forecasted to reach US$655.4 million by 2027, after growing at a CAGR of 3.2% during the forecast period 2022-2027.
Potassium carbonate is used in the food industry for a variety of purposes, including chocolate production, dried fruit production, bakery, and more. It's used in cooked products, alfalfa drying, beer brewing, oriental noodles, and as an additive in drying raisins. It's also used in the production of fruit and wine as a buffer. Food & beverage production is on an upsurge in various regions. For instance, according to the Brewers Association, overall U.S. beer volume sales increased 1% in 2021, while craft brewer volume sales increased 8%, bringing small and independent brewers' volume share of the U.S. beer market to 13.1%.
