Global Sodium Lactate Market Size By Product, By Application, By End User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Sodium Lactate Market Size By Product, By Application, By End User, By Geographic Scope And Forecast
Sodium Lactate Market Size And Forecast
Sodium Lactate Market size was valued at 516.15 million in 2023 and is projected to reach 653.18 million by 2030, growing at a CAGR of 8.4% during the forecast period 2024-2030.
Global Sodium Lactate Market Drivers
The market drivers for the Sodium Lactate Market can be influenced by various factors. These may include
Demand from the Food and Beverage Industry Sodium lactate is frequently used in this sector as a flavour enhancer and preservative. Its capacity to enhance product flavour and prolong shelf life increases demand for it.
Cosmetics & Personal Care Products Because sodium lactate has moisturising qualities and helps to maintain the pH balance of the skin, the cosmetics industry utilises it in lotions, creams, and other personal care products.
Pharmaceutical Applications Sodium lactate is utilised in intravenous solutions for electrolyte balance and rehydrate therapy in the pharmaceutical business. This need is driven by the expanding healthcare industry and the growing need for efficient medical treatments.
Processing of Meat and Poultry Sodium lactate prolongs the shelf life of processed meat and poultry products by preserving moisture. Globally, processed food consumption is rising, which is boosting market expansion.
Increasing Knowledge of Natural Ingredients Consumers are choosing more natural ingredients in food and personal care items as they become more health conscious. Because it is naturally occurring, sodium lactate gains from this tendency.
Number of industrial usesSodium lactate has a number of industrial uses, such as those of a humectant, buffering agent, and intermediary in the synthesis of biodegradable polymers. Its adaptability to a variety of industrial applications encourages market growth.
Regulatory Approvals and Standards Sodium lactate’s extensive adoption and application across several sectors is encouraged by favourable regulatory approvals and standards for its use in food and pharmaceuticals.
Global Sodium Lactate Market Restraints
Several factors can act as restraints or challenges for the Sodium Lactate Market. These may include
Availability of Raw Materials Changes in the price and availability of raw materials, including lactic acid, might have an impact on sodium lactate production and pricing, which could impede the market’s expansion.
Strict Regulations Compliance standards and regulatory requirements can be strict in a number of nations, which raises production costs and prevents new competitors from entering the market.
Health Concerns Negative consumer perception and decreased demand may result from possible health risks associated with the overuse or misuse of sodium lactate in food and medication.
Competition in the Market The growth potential of sodium lactate may be restricted by the availability of substitute humectants and preservatives, such as potassium lactate and other synthetic alternatives.
Economic Fluctuations The demand for items containing sodium lactate can be affected by economic instability and fluctuations, which can have an effect on industries and consumers’ purchasing power.
Technical Challenges Manufacturers may face obstacles and be unable to expand their markets as a result of technical issues with the production process, such as preserving product quality and uniformity.
Environmental Issues The sodium lactate market may face obstacles due to environmental restrictions and issues with the production process and by-product disposal, which will require investments in sustainable practices and technology.
Global Sodium Lactate MarketSegmentation Analysis
The Global Sodium Lactate Market is segmented based on Product, Application, End User, And Geography.
Â
Sodium Lactate Market, By Product
Liquid Form
Powder Form
Sodium Lactate Market, By Application
Bulking Agent
Flavor Enhancer
Anti-Oxidants
Preservative
Others
Sodium Lactate Market, By End User
Healthcare
Food Industry
Personal Care
Pharmaceutical
Others
Sodium Lactate Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
Key Players
MP Biomedicals
Labseeker
Phion Ltd
Abcr GmbH
Aurora Fine Chemicals
King Scientific
Finetech Industry Ltd
Cambridge Chem
IS Chemical Technology
AN Pharma Tech
Corbion
TCI America
Foodchem International Corporation
Henan Jindan Lactic Acid Technology Co. Ltd
Hefei Tnj Chemical Industry Co. Ltd
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
KEY COMPANIES PROFILED
MP Biomedicals, Labseeker, Phion Ltd, Abcr GmbH, Aurora Fine Chemicals, King Scientific, Finetech Industry Ltd, CambridgeChem
SEGMENTS COVERED
By Product, By Application, By End User, And By Geography
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
Table of Content
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
