Global Sodium Lactate Market Size By Product, By Application, By End User, By Geographic Scope And Forecast
Report ID: 55221|No. of Pages: 202
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 uses: Sodium 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 Market: Segmentation Analysis
The Global Sodium Lactate Market is segmented based on Product, Application, End User, And Geography.
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 Verified Market Research:
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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
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Customization of the Report
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL SODIUM LACTATE MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL SODIUM LACTATE MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL SODIUM LACTATE MARKET, BY PRODUCT
5.1 Overview
5.2 Liquid Form
5.3 Powder Form
6 GLOBAL SODIUM LACTATE MARKET, BY APPLICATION
6.1 Overview
6.2 Bulking Agent
6.3 Flavor Enhancer
6.4 Anti-Oxidants
6.5 Preservative
6.6 Others
7 GLOBAL SODIUM LACTATE MARKET, BY END USER
7.1 Overview
7.2 Healthcare
7.3 Food Industry
7.4 Personal Care
7.5 Pharmaceutical
7.6 Others
8 GLOBAL SODIUM LACTATE MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa
9 GLOBAL SODIUM LACTATE MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 MP Biomedicals
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Labseeker
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Phion Ltd
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Abcr GmbH
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Aurora Fine Chemicals
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 King Scientific
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Finetech Industry Ltd
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 CambridgeChem
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 IS Chemical Technology
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 AN PharmaTech
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
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Industry Analysis Matrix
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