Sodium Lactate Market report estimates 2021 – 2029 market development trends for Chemical and Materials industry. The report analyses some of the challenges that Chemical and Materials industry may have to face during the growth. This finest report also gives explanation about strategic profiling of key players in the market, systematic analysis of their core competencies, and provides a competitive landscape for the market. What is more, it offers worth mentioning market data along with future forecast and thorough analysis of the market on a global and regional level. Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed in the top notch Sodium Lactate Market report.
 
The persuasive Sodium Lactate Market document discusses about what technologies need to be worked on in order to incentivize future growth, the effects they will have on the market, and how they can be used. Furthermore, this market research report also provides a watchful investigation of the current state of the market which covers several market dynamics. By taking definite base year and historic year for granted, calculations in the comprehensive Sodium Lactate Market report have been carried out which infers the market performance by providing information about what the market definition, classifications, applications, and engagements are.
 
Data Bridge Market Research analyses that the sodium lactate market was valued at USD 169.79 million is expected to reach the value of USD 348.38 million by 2029, at a CAGR of 9.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Definition:
 
Sodium lactate is produced by neutralising lactic acid, which is produced by fermenting sugar sources such as beet and corn. The chemical formula is NaC3H5O3 and it has a mild saline taste. Sodium lactate can be found in both human and animal muscle tissue.
 
Some of the major players operating in the sodium lactate market are:
 
  • Jungbunzlauer Suisse AG (Switzerland)
  • Biosynth Carbosynth (Switzerland)
  • Corbion N.V. (Netherlands)
  • Prathista Industries Limited (India)
  • Dr. Paul Lohmann GmbH KG (Germany)
  • Merck KGaA (U.S.)
  • Advance Inorganics (India)
  • Hexon Laboratories Private Limited (India)
  • Galactic S.A. (Belgium)
 
Recent Development
 
  • In 2021, International Flavors and Fragrances (IFF) will introduce YO-MIX ViV, a lactic acid bacteria culture-based product that will be used in ambient yoghurt and other fermented drinks. The product is aimed at the Asia-Pacific region, with a particular emphasis on China.
  • LG Chem, a world-leading diversified chemical company, and ADM, a global provider of nutrition and biosolutions, signed a memorandum of understanding (MoU) in 2021 to investigate US-based lactic acid production in order to meet the growing demand for a variety of plant-based products, including Lactic Acid and Polylactic Acid for Bioplastics and Other Plant-Based Solutions.
  • Total Corbion PLA, a 50/50 joint venture between Total and Corbion, has begun the front-end engineering design stage for its new 100,000-tonne-per-year Poly Lactic Acid (PLA) factory in Grandpuits, France, which is scheduled to open in 2021. When it opens in 2024, it will be the first of its kind in Europe. Total Corbion PLA would become the global PLA market leader, well positioned to meet the ever-increasing demand for Luminy PLA resins.
 
Global Sodium Lactate Market Scope
 
The sodium lactate market is segmented on the basis of form, end users and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
 
Form:
  • Liquid
  • Powder
 
Application:
  • Acid Regulator
  • PH regulator
  • Bulking Agent
  • Preservative
  • Humectant
  • Others
 
End users:
  • Personal Care
  • Cosmetics
  • Food and Beverages
  • Pharmaceuticals
  • Healthcare
 
 
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