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Sodium Lactate Market

Published Date : Jun 2024 | Forecast Year : 2019

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Sodium Lactate Market Size, Analysis, By Form (Liquid, Powder), By End-user (Cosmetics and Personal Care, Food and Beverage Industry, Pharmaceutical Industry, Healthcare), By Application (Antioxidant, Emulsifier, Acidity Regulator, Flavor Enhancer, PH regulator, Preservative, Humectant) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG958

Published : Jun 2024

Pages : 126

Category : Chemical & Material

Format : Sodium Lactate Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 399 Million
MARKET SIZE (2032)USD 160 Million
CAGR (2023-2029)8.5 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPELiquid
Powder
BY APPLICATIONCosmetics and Personal Care
Food and Beverage Industry
Pharmaceutical Industry
Healthcare
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSJungbunzlauer Suisse AG, Galactic, Finetech Industry Limited, Biosynth Carbosynth, Finoric LLC, abcr GmbH, Glentham Life Sciences Ltd., TNJ Chemical Industry Co., Ltd., Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co., Ltd., BBCA Biochemical Co., Ltd., Prathista Industries Limited, Henan Jindan Lactic Acid Technology Co., Ltd, Corbion N.V., Merck KGaA, Lobachemie pvt.ltd, Fisher Chemical, Dr. Paul Lohmann Gmbh KG, Advance Inorganics .

The Global Sodium Lactate Market size was estimated to be valued at USD 160 Million in 2023 and is expected to reach at USD 399 million by 2032, exhibiting at a CAGR of 8.5 % during the forecast period. This report provides a deep insight into the Sodium Lactate Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Sodium Lactate Market

Size, by Product, - (USD Billion)

Liquid

Powder

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

8.5 %

The Forecast Market

Size for in USD:

$399 Million B

b0d51e3055fd6f23ff6a384a6e091406.svg

Sodium Lactate Market Segments

By Form: Liquid, Powder

By End-user: Cosmetics and Personal Care, Food and Beverage Industry, Pharmaceutical Industry, Healthcare

By Application: Antioxidant, Emulsifier, Acidity Regulator, Flavor Enhancer, PH regulator, Preservative, Humectant

Key Profiles:

Jungbunzlauer Suisse AG, Galactic, Finetech Industry Limited, Biosynth Carbosynth, Finoric LLC, abcr GmbH, Glentham Life Sciences Ltd., TNJ Chemical Industry Co., Ltd., Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co., Ltd., BBCA Biochemical Co., Ltd., Prathista Industries Limited, Henan Jindan Lactic Acid Technology Co., Ltd, Corbion N.V., Merck KGaA, Lobachemie pvt.ltd, Fisher Chemical, Dr. Paul Lohmann Gmbh KG, Advance Inorganics 

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Sodium Lactate Market

Share, by end user, (USD Billion)

Analytica Global 160 Million %

Cosmetics and Personal Care

Food and Beverage Industry

Pharmaceutical Industry

Healthcare

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

399 Million

Total Market Size

USD (Billion),

8.5 %

CAGR

-

Market Overview:

  • The sodium lactate market is constantly growing due to its versatile applications in various industries. Sodium lactate, the sodium salt of lactic acid, functions primarily as a food additive, flavoring and preservative in the food and beverage industry.
  •  It increases shelf life by inhibiting bacterial growth and is valued for its ability to improve the texture and flavor of processed foods. In addition, sodium lactate is used in the pharmaceutical industry, where it is used as an electrolyte additive and buffer in formulations. 
  • In cosmetics, it acts as a humectant and humectant, contributing to its growing popularity in skin care products. Market growth is further supported by increasing consumer demand for natural and clean label ingredients as sodium lactate is considered safe and environmentally friendly. 
  • Official approvals and standards for food and drugs are also crucial to drive market growth. With continuous research and development focused on expanding its applications and improving production efficiency, the sodium lactate market is poised for continued growth worldwide.

Market Key Drivers:

  • Sodium lactate is widely used as a food additive and preservative because it can increase shelf life by inhibiting microbial growth. The increasing consumption of processed and ready-to-eat foods worldwide increases the demand for sodium lactate as a safe and effective preservative.
  • Consumer preferences for natural and clean label ingredients in food and beverages are contributing to the growing demand for sodium lactate. It is considered a safer alternative to synthetic additives that meet healthier eating habits.
  • In the pharmaceutical industry, sodium lactate is used as an electrolyte additive and buffer in various formulations. The expansion of the healthcare sector and the prevalence of chronic diseases increase its demand for pharmaceutical applications.
  • Sodium lactate acts as a humectant and humectant in cosmetic and personal care products, promoting its use in skin care products. Increasing consumer focus on skin care and grooming is supporting market growth in this segment.
  • regulatory approvals and safety certifications for sodium lactate in food, pharmaceuticals and cosmetics strengthen market acceptance and facilitate its incorporation into products. 

Product Portfolio of Sodium Lactate Market:

  •  Food Preservative: Sodium lactate is widely used as a preservative in processed foods, meat, poultry, and seafood products. It inhibits bacterial growth, extending shelf life and maintaining product freshness.
  • Flavor Enhancer: It serves as a flavoring agent and enhances the taste profile of food products, especially in cured meats and sausages.
  • Texturizer: Sodium lactate contributes to texture improvement in processed meats and helps in maintaining product moisture.
  • Electrolyte Replenisher: Sodium lactate is utilized in intravenous solutions and oral rehydration salts (ORS) as an electrolyte replenisher, helping to maintain proper fluid and electrolyte balance in patients.
  • Buffering Agent: It acts as a buffering agent in pharmaceutical formulations, stabilizing pH levels and enhancing the stability of medications.
  • Cosmetics and Personal Care (Humectant): Sodium lactate functions as a humectant in skincare products, attracting and retaining moisture in the skin, which helps in maintaining skin hydration and elasticity.
  • Moisturizer: It is used in lotions, creams, and serums to improve skin texture and provide emollient properties.
  • Chemical Industry: Sodium lactate finds application in various chemical processes as a versatile chemical intermediate.
  • Other Applications: It is also used in industries such as agriculture, where it can be used as a growth enhancer in agricultural formulations.
  • Antimicrobial Agent: In some applications, sodium lactate exhibits antimicrobial properties, which can be beneficial in certain industrial and healthcare settings.
  • Other Functionalities: It may also serve niche roles in specific applications where its unique properties, such as viscosity control or pH adjustment, are advantageous.

    Sodium Lactate Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    8.5 %

    The Forecast Market

    Size for in USD:

    $399 Million B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Untapped market opportunities and future growth opportunities:

  • In developed economies, customers are gradually switching to products that meet stricter safety requirements. This creates opportunities for both R&D and product innovation to bring lactate-based products to market. Development of customized formulations and products as per end-user requirements is expected to gain momentum worldwide. Some leading companies are therefore focusing on product launches.
  • Most producers in the MEA region are located in South Africa, Turkey and the Gulf Cooperation Council. They mainly focus on manufacturing international quality products to gain considerable attention from end users in the region. Sodium lactate is also used in foods that must be Kosher and Halal certified. The expansion of the APAC region and the banning of VOC-based solvents in Europe and North America create growth opportunities for sodium lactate producers.

Key Considerations:

  • Key considerations in the sodium lactate market include its widespread use as a food preservative and additive, its role in pharmaceutical formulations as an electrolyte replenisher and buffer, and its application in cosmetics as a humectant and moisturizer. 
  • Market growth is driven by increasing consumer demand for natural and clean label ingredients, regulatory approvals supporting its safety and efficacy, and challenges such as price fluctuations of raw materials and competition from alternative ingredients. 

    Sodium Lactate Market TO (USD BN)

    Sodium Lactate Market

    CAGR OF

    8.5 %

    Sodium Lactate Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 399 Million %

Restraints Factors:

  • Production of sodium lactate depends on prices of raw material, especially the price of lactic acid, which can fluctuate. Fluctuations in raw material prices can affect the profitability and market dynamics of sodium lactate producers.
  • Alternative preservatives and moisturizers, including synthetic additives and other natural ingredients, compete in the market. Competition based on cost effectiveness, performance and consumer perceptions will challenge market growth.
  • Despite its generally recognized safety, the levels of sodium lactate used and the potential effects on sensitive individuals may be of concern. Regulatory oversight and consumer awareness of ingredient safety can affect market dynamics.
  • In some regions, especially developing economies, awareness of the benefits and applications of sodium lactate may be limited. Increasing adoption in these markets requires education and marketing efforts.
  • Although sodium lactate is generally considered safe and biodegradable, sustainability issues related to its production processes and environmental impact may affect consumer preferences and regulation. 

Frequently Asked Questions (FAQs)

1.How big is the Sodium Lactate Market?

Ans: The Sodium Lactate Market size valued at USD 399 Million in and grow at a CAGR of 8.5 % 

2.What is the current Sodium Lactate Market size?

ANS: The Sodium Lactate Market size is expected to be USD  160Million

3.Who are the key players in Sodium Lactate Market?

Ans: Jungbunzlauer Suisse AG, Galactic, Finetech Industry Limited, Biosynth Carbosynth, Finoric LLC, abcr GmbH, Glentham Life Sciences Ltd., TNJ Chemical Industry Co., Ltd., Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co., Ltd., 

4.Which is the fastest growing region in Sodium Lactate Market?

Ans: Asia Pacific is estimated to grow at the highest CAGR over the forecast.

Sodium Lactate Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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