Global Sodium Lactate Market, By Form (Liquid and Powder), Application (Acid Regulator, PH regulator, Bulking Agent, Preservative, Humectant and Others), End-User (Personal Care, Cosmetics, Food and Beverages, Pharmaceuticals and Healthcare), – Industry Trends and Forecast to 2029
Sodium Lactate Market Analysis and Size
Increasing safety concerns have prompted several governments to enact stringent regulations in order to maintain and improve the quality of food, cosmetic, and chemical products, which is driving sales of sodium lactate.
Data Bridge Market Research analyses that the sodium lactate market was valued at USD 169.79 million is expected to reach the value of USD 348.38 million by 2029, at a CAGR of 9.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Form (Liquid and Powder), Application (Acid Regulator, PH regulator, Bulking Agent, Preservative, Humectant and Others), End-User (Personal Care, Cosmetics, Food and Beverages, Pharmaceuticals and Healthcare)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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Jungbunzlauer Suisse AG (Switzerland), Biosynth Carbosynth (Switzerland), Corbion N.V. (Netherlands), Prathista Industries Limited (India), Dr. Paul Lohmann GmbH KG (Germany), Merck KGaA (U.S.), Advance Inorganics (India), Hexon Laboratories Private Limited (India), Galactic S.A. (Belgium)
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Opportunities
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Market Definition
Sodium lactate is produced by neutralising lactic acid, which is produced by fermenting sugar sources such as beet and corn. The chemical formula is NaC3H5O3 and it has a mild saline taste. Sodium lactate can be found in both human and animal muscle tissue.
Sodium Lactate Market Dynamics
Drivers
- Various uses in the food and beverage industry is augmenting market growth
Sodium lactate has numerous applications in the food and beverage industries. It is particularly useful in meat products to extend shelf life and preserve meat colour. As an emulsifier, flavour enhancer, and flavouring agent, sodium lactate is also used. It is also used in the beverage industry to improve the flavour of sour drinks. It's also used as a pH and acidity regulator.
- Growing adoption from the personal care industries
The sodium lactate market is being driven by rising global demand for cosmetics and personal care products. Factors such as an increase in online beauty spending, the expansion of social networks, consumers' increased interest in new and premium products, and the growth of the upper-middle-class population all contribute to the market's expansion.
Opportunities
Consumers all over the world are inclining towards organic personal care products, owing to an increase in demand for organic compounds. This is expected to fuel the market during the forecast period. In the cosmetic industry, lactate is used in supercritical fluid technology to extract antioxidants.
Restraints
Side effects of sodium lactate include solute or fluid overloading, which results in a mixture of other concentrations. In terms of market growth, serum electrolytes, congested states, over hydration, and pulmonary edoema are the factors restraining the market. Blood pressure is another issue caused by excessive sodium lactate consumption.
This sodium lactate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sodium lactate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Sodium Lactate Market
Due to the global lockdown in several countries, the outbreak of the COVID-19 pandemic has disrupted the supply chain. Furthermore, due to uncertainty in the global economy and capital markets, the spread of coronavirus reduced demand for chemical intermediates. The lactate market has suffered as a result of the COVID-19 pandemic-related restrictions. The lactate market has been harmed by nationwide lockdowns and the closure of manufacturing facilities. However, the market is anticipated to expand at a healthy pace during the forecast period due to the acceptance of new normal conditions and restart of various end-use industries in many counties across the globe.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, International Flavors and Fragrances (IFF) will introduce YO-MIX ViV, a lactic acid bacteria culture-based product that will be used in ambient yoghurt and other fermented drinks. The product is aimed at the Asia-Pacific region, with a particular emphasis on China.
- LG Chem, a world-leading diversified chemical company, and ADM, a global provider of nutrition and biosolutions, signed a memorandum of understanding (MoU) in 2021 to investigate US-based lactic acid production in order to meet the growing demand for a variety of plant-based products, including Lactic Acid and Polylactic Acid for Bioplastics and Other Plant-Based Solutions.
- Total Corbion PLA, a 50/50 joint venture between Total and Corbion, has begun the front-end engineering design stage for its new 100,000-tonne-per-year Poly Lactic Acid (PLA) factory in Grandpuits, France, which is scheduled to open in 2021. When it opens in 2024, it will be the first of its kind in Europe. Total Corbion PLA would become the global PLA market leader, well positioned to meet the ever-increasing demand for Luminy PLA resins.
Global Sodium Lactate Market Scope
The sodium lactate market is segmented on the basis of form, end users and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Form
- Liquid
- Powder
Application
- Acid Regulator
- PH regulator
- Bulking Agent
- Preservative
- Humectant
- Others
End users
- Personal Care
- Cosmetics
- Food and Beverages
- Pharmaceuticals
- Healthcare
Sodium Lactate Market Regional Analysis/Insights
The sodium lactate market is analysed and market size insights and trends are provided by country, form, end users and application as referenced above.
The countries covered in the sodium lactate market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the sodium lactate market due to rising FDA product approvals, whereas Asia-Pacific is expected to grow from 2022 to 2029 due to changing lifestyles among the growing population, as well as rising demand for healthy and nutritional food products.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Lactate Market Share Analysis
The lactate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sodium lactate market.
Some of the major players operating in the sodium lactate market are:
- Jungbunzlauer Suisse AG (Switzerland)
- Biosynth Carbosynth (Switzerland)
- Corbion N.V. (Netherlands)
- Prathista Industries Limited (India)
- Dr. Paul Lohmann GmbH KG (Germany)
- Merck KGaA (U.S.)
- Advance Inorganics (India)
- Hexon Laboratories Private Limited (India)
- Galactic S.A. (Belgium)
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