Sodium Lactate Market size is expected to reach nearly US$ 4.66 Bn. by 2029 with the CAGR of 8.9% during the forecast period. The global Sodium Lactate market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Sodium Lactate report also provides trends by market segments, technology, and investment with a competitive landscape.Sodium Lactate Market Snapshot
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Sodium Lactate Market Overview:
Sodium Lactate finds its applications in food & beverage, pharmaceuticals, cosmetics & personal care sectors thanks to its beneficial properties like pH regulator, bulking agent, moisturizers and humectants, antioxidant, emulsifier, acidity regulator, and flavor enhancer, this, in turn, drive the global sodium lactate market size.Sodium Lactate Market Dynamics:
Sodium lactate is widely used in the food & beverage industry as a pH regulator & preservative and in many products is driving the global market growth. Also, it is used in the healthcare industry, as a supply of bicarbonate to prevent or regulate adequately mild metabolic acidosis in patients that are not seriously impaired oxidative processes. The personal care sector is expected to propel the market demand in developing countries during the forecast period. Sodium lactate is useful for the manufacture of palm-free soaps. The pharmaceutical sector also contributes to market growth. Fluctuations in raw material prices hamper market growth. Sodium lactate has certain side effects like it causes solute or fluid overloading, thus is resulted in the mixture of other concentrations. Some factors like congested states, overhydration, serum electrolyte, and pulmonary edema are restraining the global sodium lactate market growth. Heavy consumption of sodium lactate causes blood pressure is also hampering the market growth. Sodium lactate is extensively utilized in the meat and poultry industries as antimicrobial agents. It is used to reduce the salt of meat products and create to maintain a certain salty level. Growing investments in research & development activities, the rising personal care industry, and increasing product improvements are providing growth opportunities to the market.Sodium Lactate Market Segment Analysis:
By Form, the sodium lactate market is segmented into liquid form, powder form. The liquid segment accounted for the largest share of the sodium lactate market. The liquid sodium lactate has a wide range of applications including pH regulator, acidity regulator, and humectant, etc. The liquid form of sodium lactate is more suitable to weigh and use for cosmetics and other products thereby small amount of sodium lactate is required. By End User, the market is segmented into cosmetic and personal care, beverage industry, pharmaceuticals industry, food industry, and healthcare. The cosmetic & personal care industry led the market thanks to the product is extensively used in the production of shampoos, moisturizers, soaps, and other skincare products. It is utilized to make a bar and liquid soaps and as a preservative of cosmetic products.Sodium Lactate Market, by End User 2022 (%)
By Application, the market is segmented into antioxidant, emulsifier, pH regulator, bulking agent, moisturizers and humectants, acidity regulator, and flavor enhancer.
Sodium Lactate Market Regional Insights:
Asia Pacific is dominating the Sodium Lactate Market
The Asia Pacific drives the market by burgeoning cosmetics and personal care, food and beverage, and pharmaceutical industries. India and China are the major consumers and producers of sodium lactate in the region. The adoption of sodium lactate in India is high in the food and beverage industry. The growing food processing industry in India is expected to propel the market growth during the forecast period. According to the data published by India’s food processing sector is expected to be worth around half a trillion USD during the forecast period. Furthermore, Asia-Pacific is growing at a rapid pace in terms of the adoption of cosmetics products, thanks to the growing population coupled with rising disposable income and changing lifestyles. The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.Global Sodium Lactate Market Scope: Inquire before buying
Global Sodium Lactate Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.56 Bn. Forecast Period 2023 to 2029 CAGR: 8.9% Market Size in 2029: US $ 4.66 Bn. Segments Covered: by Form Liquid form Powder form by End User Cosmetic and personal care Beverage industry Pharmaceuticals industry Food industry Healthcare by Application Antioxidant Emulsifier Ph. Regulator Bulking agent Moisturizers and humectants Acidity regulator Flavor enhancer Sodium Lactate Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Sodium Lactate Market, Key Players are
1. Labseeker 2. Aurora Fine Chemicals 3. ABCR GmbH 4. CambridgeChem 5. AK Scientific, Inc. (AKSCI) 6. Finetech Industry Limited 7. TCI America 8. MP Biomedicals 9. LLC. 10. Phion Ltd. 11. Glentham Life Sciences Ltd. 12. IS Chemical Technology 13. 1717 CheMall Corporation 14. King Scientific 15. AN PharmaTech 16. Others Frequently Asked questions 1. What is the market size of the Global Market in 2022? Ans. The market size Global Sodium Lactate Market in 2022 was US$ 2.56 Billion. 2. What are the different segments of the Global Market? Ans. The Global Sodium Lactate Market is divided into Form, Application and End User. 3. What is the study period of this market? Ans. The Global Sodium Lactate Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Sodium Lactate Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Sodium Lactate 3.4. Geographical Snapshot of the Sodium Lactate, By Manufacturer share 4. Global Sodium Lactate Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Forms 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Sodium Lactate 5. Supply Side and Demand Side Indicators 6. Global Sodium Lactate Analysis and Forecast, 2022-2029 6.1. Global Sodium Lactate Size & Y-o-Y Growth Analysis. 7. Global Sodium Lactate Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 7.1.1. Liquid form 7.1.2. Powder form 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Cosmetic and personal care 7.2.2. Beverage industry 7.2.3. Pharmaceuticals industry 7.2.4. Food industry 7.2.5. Healthcare 7.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.3.1. Antioxidant 7.3.2. Emulsifier 7.3.3. Ph. Regulator 7.3.4. Bulking agent 7.3.5. Moisturizers and humectants 7.3.6. Acidity regulator 7.3.7. Flavor enhancer 8. Global Sodium Lactate Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Sodium Lactate Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 9.1.1. Liquid form 9.1.2. Powder form 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Cosmetic and personal care 9.2.2. Beverage industry 9.2.3. Pharmaceuticals industry 9.2.4. Food industry 9.2.5. Healthcare 9.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.3.1. Antioxidant 9.3.2. Emulsifier 9.3.3. Ph. Regulator 9.3.4. Bulking agent 9.3.5. Moisturizers and humectants 9.3.6. Acidity regulator 9.3.7. Flavor enhancer 10. North America Sodium Lactate Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Sodium Lactate Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Sodium Lactate Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Sodium Lactate Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Sodium Lactate Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Sodium Lactate Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Sodium Lactate Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Sodium Lactate Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Sodium Lactate Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Sodium Lactate Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Sodium Lactate Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Sodium Lactate Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Sodium Lactate Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Sodium Lactate Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24. Asia Pacific Sodium Lactate Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Sodium Lactate Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Sodium Lactate Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Sodium Lactate Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Sodium Lactate Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Sodium Lactate Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Sodium Lactate Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Sodium Lactate Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Sodium Lactate Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Sodium Lactate Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Sodium Lactate Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Sodium Lactate Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Sodium Lactate Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Sodium Lactate Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Sodium Lactate Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Sodium Lactate Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Sodium Lactate Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Sodium Lactate Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Sodium Lactate Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Sodium Lactate Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Sodium Lactate Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Form, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Sodium Lactate 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Forms and R&D Investment 45.2.2. New Form Launches and Form Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Labseeker 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Form Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Aurora Fine Chemicals 45.3.3. ABCR GmbH 45.3.4. CambridgeChem 45.3.5. AK Scientific, Inc. (AKSCI) 45.3.6. Finetech Industry Limited 45.3.7. TCI America 45.3.8. MP Biomedicals 45.3.9. LLC. 45.3.10. Phion Ltd. 45.3.11. Glentham Life Sciences Ltd. 45.3.12. IS Chemical Technology 45.3.13. 1717 CheMall Corporation 45.3.14. King Scientific 45.3.15. AN PharmaTech 45.3.16. Other Key Players 46. Primary Key Insights