Sodium Lactate Market - Global Market Share, Trends, Analysis and Forecast 2023 - 2032

The global sodium lactate market size was estimated to be US$ 155.2 million in 2020 and is expected to reach US$ 371.3 million by 2031 at a CAGR of 8.3%.

Sodium lactate is a salt acquired from killing lactic acid, which is created by fermentation process of sugar source like beet and corn. It has gentle saline taste and the substance formula is NaC3H5O3. Otherwise, called lactic acid sodium salt, it has high water holding limit. Sodium lactate is normally formed in all the animal life forms and human muscle tissues. 

Sodium lactate discovers broad applications in the food and drink industry. It is particularly utilized in meat items to enhance timeframe of realistic usability and keep up with meat quality. Sodium lactate is additionally utilized as an emulsifier, a character enhancer, and a seasoning specialist.

The enterprises, for example, food and drug are expanding exponentially. These businesses require sodium lactate on commercial scale, attributable to its use as an additive and a pH controller. This factor fundamentally contributes to the development of the worldwide sodium lactate market. Besides, sodium lactates are used in cleanser creation, being powerful humectants. In the drug business, it is referred to treat sicknesses like arrhythmias, subsequently boosting the development of the worldwide market.

Be that as it may, sodium lactates have a few incidental effects, which include solute or liquid over-burdening, in this manner bringing about the weakening of different convergences of the serum electrolyte, aspiratory edema, over hydration, and clogged states.

Higher inclination towards skin health management has been along these lines, helping the general extension of the market. Development of the male grooming sector likewise is postulated to prompt development. A portion of the cardinal individual care and grooming item organizations have as of now dispatched committed brands for male grooming items which incorporates products produced using sodium lactate.  

The fluid type of sodium lactate was in demand during 2019. The adaption of fluid sodium lactate in dialysis solutions for constant mobile peritoneal dialysis (CAPD) arrangement will set out open doors for development of the market. Fluid sodium lactate, additionally utilized in intravenous liquid and electrolyte substitution.

Food and health supplements by allotment holds over 26 percent of the general share in 2021. Food and health supplements will proceed to displaying popularity. Application in food and health supplements is relied upon to increment at a significant CAGR during 2021-2031.

Development in APAC and prohibition on VOC-based dissolvable in Europe and North America will set out development, open doors for sodium lactates producers. North America holds the significant share of the sodium lactate market, trailed by Europe, because of the improvement in food and refreshments and drug areas in the province. The sodium lactate market in Asia Pacific is expected to extend at a quick speed during the forecast time frame, attributable to the development of end-use business activities in the province. Latin America and Center East and Africa's piece of the pie is probably going to decay before the finish of the forecast time frame.

Global Sodium Lactate Market Value Share Analysis, by Geography (2022)

The report titled “Global Sodium Lactate Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is the forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Sodium Lactate Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global Sodium Lactate market is segmented as form, application, end use, and region. Based on form, the Sodium Lactate market is segmented into liquid, powder, other. Based on application, the Sodium Lactate market is segmented into acid regulator, pH regulator, antioxidant, bulking agent, preservative, humectant, and others. Based on end use, the Sodium Lactate market is segmented into food and beverages, pharmaceutical and laboratory, personal care, and others. Based on geography, the Global Sodium Lactate Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Sodium Lactate Market. Further, market share of prominent companies in the Global Sodium Lactate Market would also be estimated. 

The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Sodium Lactate companies. The Global Sodium Lactate Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.

Product portfolio would focus on all the products under the Sodium Lactate business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Sodium Lactate Market.

The key players of the Global Sodium Lactate Market are FINETECH INDUSTRY, abcrGmbh, TCI Chemicals (India), Phion Ltd, Ak Scientific, 1717 CheMall Corporation, MP Biomedicals, King Scientific, Aurora Fine Chemicals, Labseeker, Glentham Life Science, IS Chemical Technology, An Pharma Tech, and Others.

Global Sodium Lactate Market Key Segments:

Based on form

• Liquid
• Powder
• Other

Based on application

• Acid regulator
• PH regulator
• Antioxidant
• Bulking agent
• Preservative
• Humectant
• Other

Based on End use

• Food and beverages
• Pharmaceutical
• Laboratory
• Personal care
• Other

By Region

• North America
• U.S.
• Canada
• Rest of North America
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• Rest of Asia Pacific
• Middle East & Africa
• UAE
• South Africa
• Saudi Arabia
• Rest of Middle East & Asia
• South America
• Brazil
• Rest of South America