Sodium lactate is widely used in the food and beverage, pharmaceutical, cosmetic and personal care industries due to its superior properties and cost-effective nature. According to a new study by Future Market Insights (FMI), the demand for sodium lactate will increase by 8.8% between 2021 and 2031.
Focus on reducing production costs to offset high material costs Premium and obtaining a competitive advantage among the leading players bodes well for the market. In addition, manufacturers are expanding production capacity and increasing exports to penetrate deeper into unmet need markets.
Increasing safety concerns have encouraged governments around the world to implement strict regulations to maintain and improve the quality of food, cosmetics, and chemicals. These regulations were created to control chemical additives and contaminants in the food supply. This is anticipated to lead to attractive growth opportunities.
The Global Sodium Lactate Market is valued at US$158.7 Million in 2021 and will witness high growth during the forecast period ‘ (2021-2031)
Fast-Growing End-Use Industries and Product Compliance
Food & beverage, cosmetics, and pharmaceuticals are prominent end-use industries that are gaining momentum. With the rapid expansion of Food & Agri and beverage industries worldwide, will drive demand for sodium lactate-based products.
Manufacturers may wish to steadily exit or avoid the vulnerable solvents market as the use of VOC-based products is banned and banned in developed countries. Growing concerns about safety have encouraged various governments to introduce strict regulations to maintain and improve the quality of food, cosmetic and chemical products.
This regulation brought the use of chemical additives and contaminants in the food supply under control. In addition, regulations and quality assurance play an important role in the pharmaceutical industry. These factors will continue to create opportunities for sodium lactate applications.
Manufacturers are focused on the development of intermediates. In addition, they are concentrating on expanding their regional presence through acquisitions and expansions.
Some of the leading companies in this market include:
- Jungbunzlauer Suisse AG
- Biosynth Carbosynth,
- Corbion N.V.
- Prathista Industries Limited
- Dr. Paul Lohmann GmbH KG
- Merck KGaA
- Advance Inorganics
- Hexon Laboratories Private Limited
- Galactic S.A.
- ABC GmbH
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Future Market Outlook provides a comprehensive research report on forecast sales growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of these sub-segments from 2016 to 2016 2031. The global Sodium Lactate market is segmented in detail to cover all aspects of the market and present the reader with a complete market intelligence approach.
The study provides persuasive information about the Sodium Lactate market based on product form, it covers in detail every aspect of the market such as (powder, liquid), application (beverages, dietary supplements, nutrition clinic, dialysis solutions, personal care, and cosmetics, cleaning, and detergents) from users (food and beverage industry, cosmetics industry, pharmaceutical manufacturers, device manufacturers doctors, others) in seven major regions.