Sodium lactate has a wide range of applications and uses across various industries. In the food industry, it serves as a preservative, pH regulator, and flavour enhancer. In personal care products, it acts as a humectant and moisturizer. Its antimicrobial properties also make it suitable for medical and cosmetic applications. Additionally, sodium lactate finds use in pharmaceuticals, textiles, and industrial processes. Its multi-functionality, stability, and safe nature contribute to its widespread adoption in diverse products and formulations.
According to Data Bridge Market Research, the Global Sodium Lactate Market accounted for USD 169.79 million by 2021 and is expected to reach a value of USD 348.38 million by 2029. The market is expected to grow with a CAGR of 9.40% in the forecast period of 2022 to 2029.
“Increasing adoption by the personal care industry boosts the market’s growth”
The sodium lactate market experiences growth due to increasing adoption by the personal care industry. Sodium lactate is used as a humectant, emollient, and pH regulator in various skincare and haircare products. Its ability to retain moisture, improve texture, and enhance product stability makes it popular in creams, lotions, shampoo, and soaps. As consumers become more conscious of skincare and seek products with beneficial ingredients, the demand for sodium lactate in the personal care sector rises, driving the market's expansion.
What restraints the growth of the global sodium lactate market?
“Side effects of sodium lactate restraints the market’s growth”
The side effects of sodium lactate can restrain the sodium lactate market growth. Excessive consumption or exposure to high concentrations of sodium lactate can lead to issues like gastrointestinal disturbances, dehydration, and electrolyte imbalances. As a result, regulatory authorities may impose limits on its usage, and consumers may become hesitant to use products containing sodium lactate. Addressing and educating about potential side effects is crucial to maintaining consumer confidence and supporting the sustainable growth of the sodium lactate market.
Segmentation: Global Sodium Lactate Market
The global sodium lactate market is segmented on the basis of form, end users, and application.
- On the basis of form, sodium lactate market is segmented into liquid and powder.
- On the basis of end users, the sodium lactate market is segmented into personal care, cosmetics, food and beverages, pharmaceuticals, and healthcare.
- On the basis of application, the sodium lactate market is segmented into acid regulator, PH regulator, bulking agent, preservative, humectant, and others.
Regional Insights: North America dominates the Global Sodium Lactate Market
North America dominates the sodium lactate market due to the increasing number of FDA product approvals, there is a surge in new drugs, medical devices, and treatments entering the market. This creates more treatment options for patients, fosters innovation in the healthcare industry, and improves access to safe and effective medical solutions, contributing to better patient outcomes.
Asia-Pacific is expected to grow from 2022 to 2029 due to changing lifestyles among the growing population have led to increased awareness of health and nutrition. As a result, there is a rising demand for healthy and nutritional food products. Consumers are seeking options that align with their health goals and provide added nutritional benefits, driving the market for such products.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-sodium-lactate-market
Recent Developments
- In 2021, International Flavors and Fragrances (IFF) is set to launch YO-MIX ViV, a lactic acid bacteria culture-based product designed for ambient yogurt and other fermented beverages. The product's primary focus is on the Asia-Pacific market, with special attention to the Chinese market.
- In 2021, LG Chem and ADM, prominent companies in the chemical and nutrition sectors, joined forces through a memorandum of understanding (MoU). Their collaboration aims to explore the establishment of US-based lactic acid production to cater to the increasing demand for diverse plant-based products. This includes Lactic Acid and Polylactic Acid used in bioplastics and various other plant-based solutions.
- Total Corbion PLA, a joint venture between Total and Corbion, has initiated the front-end engineering design phase for its state-of-the-art Poly Lactic Acid (PLA) plant in Grandpuits, France. This new facility, with a capacity of 100,000 tonnes per year, is expected to open in 2024, becoming Europe's first of its kind. With this development, Total Corbion PLA aims to become a leading player in the global PLA market, effectively meeting the rising demand for Luminy PLA resins.
The Prominent Key Players Operating in the Global Sodium Lactate Market Include:
- 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)
Above are the key players covered in the report, to know about more and exhaustive list of global sodium lactate market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Sodium Lactate Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
