Sodium Lactate Market

The report "Sodium Lactate Market by Form (Powder, Liquid), Application (Cosmetics, Pharmaceuticals, Food & Beverages, Others) and Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2030", is projected to reach USD 536.3 million by 2030, at a CAGR of 8.4% from USD 281.3 million in 2022.

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Numerous industries, including those in the food and beverage, cosmetics, personal care, and pharmaceutical sectors, use sodium lactate extensively. It is most commonly used as a pH regulator and moisturizer in various skin care products in the cosmetics sector. The product is used in the food and beverage business in addition to the cosmetics industry. It is also utilized in a variety of foods, particularly seafood and meat products, as a natural food additive and as a preservative.

“Based on form, liquid is projected to grow at highest CAGR during the forecast period”

Initial production of sodium lactate takes place in the liquid state. Due to its mild oiliness and effective moisturizing properties, it is often utilized in the production of soaps, lotions, and shampoo. Because sodium lactate conforms with several rules established by regulatory agencies and the governments of numerous nations, its use on human skin is safe.

“Food & beverages segment is projected to be the fastest growing application in sodium lactate market, in terms of value”

Food & beverages application is projected to be the fastest growing application, in terms of value, during the forecast period. Due to its extensive utilization in several food items and drinks, the food and beverage sector has become one of the major application industries. Sodium lactate is utilized to stabilize the food item due to the cushioning action. In order to enhance the tastes of food, particularly meat products like hog, poultry, and beef as well as a few fish items, it is also used as a spice.

“Asia Pacific is expected to be the fastest growing market for sodium lactate during the forecast period, in terms of value and volume.”

During the forecast period, Asia Pacific is projected to grow at highest CAGR, in terms of value. During the forecast period, China and India are anticipated to be the leading investment destinations in the market. The Asia Pacific region is poised to increase on the account of increasing demand from the end-use industries like pharmaceuticals, cosmetics, and especially food & beverages.

New product launches and expansions are the major growth strategies adopted by the key players in the market. Corbion (Netherlands), TCI America (US), Foodchem International Corporation (China), Henan Jindan Lactic Acid Technology Co., Ltd (China) and Hefei Tnj Chemical Industry Co., Ltd (China) have undertaken various strategies in the sodium lactate market.

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