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Sodium Lactate Market Overview:
The global sodium lactate market size was valued at USD 259.5 million in 2021 and is expected to reach USD 516.5 million by 2030, growing at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030.
In the food and beverage industry, sodium lactate serves as a food additive, primarily used as a preservative and Flavors enhancer. Its antimicrobial properties help extend the shelf life of perishable products, such as meat, poultry, and seafood. Additionally, it acts as a stabilizer, improving the texture and consistency of processed foods. The rising demand for packaged and convenience foods has fueled the growth of the sodium lactate market in this sector.
The pharmaceutical industry also utilizes sodium lactate in various formulations. It acts as a pH regulator, buffering agent, and solubilize in oral and parenteral medications. Sodium lactate is often used in dialysis solutions as a source of bicarbonate for patients with renal impairment. Its ability to enhance drug stability and improve patient compliance has made it a valuable ingredient in pharmaceutical applications.
Market Snapshot:
Sodium Lactate- Report Coverage:
The “Sodium Lactate Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Incinerator Market.
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Sodium Lactate Market Top Trends:
Increasing Demand for Natural and Clean-Label Ingredients: There is a growing consumer preference for natural and clean-label food products. Sodium lactate, being derived from lactic acid fermentation, is considered a natural ingredient. Its use as a food additive aligns with the clean-label trend, as it is perceived as a more natural alternative to synthetic additives.
Growing Applications in the Meat and Poultry Industry: Sodium lactate is widely used in the meat and poultry industry as a preservative and Flavors enhancer. It helps extend the shelf life of meat products by inhibiting bacterial growth and maintaining freshness. The rising consumption of processed and convenience meat products is driving the demand for sodium lactate in this sector.
Expansion in the Pharmaceutical Sector: Sodium lactate has found increasing application in the pharmaceutical industry. It is used in the formulation of medications, such as oral rehydration solutions and intravenous fluids, due to its hydrating and electrolyte-balancing properties. With the growing healthcare sector and the demand for pharmaceutical products, the sodium lactate market is witnessing expansion in this segment.
Emergence of New Product Variants: Manufacturers are focusing on product innovation and the development of new variants of sodium lactate to cater to specific market needs. This includes low-sodium or reduced-sodium variants to meet the demand for healthier food options. Additionally, the market is witnessing the introduction of sodium lactate in powdered or granulated forms for easier handling and incorporation in various applications.
Regional Market Growth: The sodium lactate market is experiencing significant growth in emerging economies, particularly in the Asia Pacific region. Factors such as rapid urbanization, increasing disposable incomes, and changing consumer lifestyles are driving the demand for processed and convenience foods, thereby boosting the market for sodium lactate in these regions.
Focus on Sustainability and Environmental Impact: Sustainability has become a key focus for many industries, including food and beverage. Manufacturers are adopting sustainable practices in sodium lactate production, such as using renewable raw materials and implementing environmentally friendly manufacturing processes. This trend is driven by consumer demand for eco-friendly products and the need to reduce the carbon footprint of the food industry.
Technological Advancements in Production Processes: Continuous research and technological advancements are being made to enhance the production efficiency and quality of sodium lactate. Improvements in fermentation processes, purification techniques, and extraction methods are helping manufacturers to optimize their production and offer high-quality sodium lactate to the market.
Sodium Lactate Market - Company Analysis:
Corbion: Corbion is a leading global supplier of bio based ingredients, including sodium lactate. The company offers a wide range of sodium lactate products with different concentrations and grades to cater to various industries. Corbin's focus on sustainable solutions and continuous innovation has helped it establish a strong presence in the sodium lactate market.
Jungbunzlauer: is a global producer of ingredients derived from renewable sources, and sodium lactate is one of its key offerings. The company provides high-quality sodium lactate for applications in food and beverage, pharmaceuticals, and personal care. With a strong emphasis on research and development, Jungbunzlauer aims to meet customer demands while adhering to strict quality standards.
Galactic: Galactic is a major player in the sodium lactate market, offering a comprehensive portfolio of food-grade sodium lactate products. The company focuses on providing sustainable solutions to its customers while ensuring food safety and quality. Galactic's commitment to innovation and its ability to adapt to changing market trends have contributed to its success in the sodium lactate industry.
Henan Jindan Lactic Acid Technology Co., Ltd: Based in China, Henan Jindan Lactic Acid Technology Co., Ltd is a prominent manufacturer and supplier of sodium lactate. The company specializes in producing high-quality sodium lactate products for various industries, including food and beverage, pharmaceuticals, and cosmetics. With its strong production capabilities and extensive distribution network, Henan Jindan plays a crucial role in the sodium lactate market.
Merck KGaA: Merck KGaA is a global science and technology company that offers a range of specialty chemicals, including sodium lactate. The company provides sodium lactate as a high-purity product, ensuring its suitability for pharmaceutical applications. Merck's commitment to quality, safety, and sustainable practices has positioned it as a trusted supplier in the sodium lactate market.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Sodium Lactate Market Report. The top 10 companies in this industry are listed below:
- Jungbunzlauer Suisse AG
- Hefei TNJ Chemical Industry Co., Ltd.
- Foodchem International Corporation
- Luoyang Longmen Pharmaceutical Co., Ltd.
- Corbion
- Henan Jindan Lactic Acid Technology Co., Ltd.
- Loba Chemie Pvt. Ltd.
- Dr. Paul Lohmann GmbH & Co. KGaA
- JIAAN BIOTECH
- Qingdao Great Biological Engineering Co., Ltd.
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023 – 2030 |
CAGR | 18% |
Market Size in 2030 | $0.165 billion |
Segments Covered | By Type, By Application, By End User and By Geography |
Geographies Covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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1. Sodium Lactate Market - Overview
1.1. Definitions and Scope
2. Sodium Lactate Market - Executive Summary
3. Sodium Lactate Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Sodium Lactate Market - Start-up Companies Scenario
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Sodium Lactate Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Sodium Lactate Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Sodium Lactate Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Sodium Lactate Market – By Type (Market Size – $Million/$Billion)
8.1. Powder
8.1.1. Key Market Trends, Growth Factors and Opportunities
8.1.2. Market Size and Forecast, By Region
8.1.3. Market Share Analysis, By Country
8.2. Liquid
8.2.1. Key Market Trends, Growth Factors and Opportunities
8.2.2. Market Size and Forecast, By Region
8.2.3. Market Share Analysis, By Country
8.3. Others
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast, By Region
8.3.3. Market Share Analysis, By Country
9. Sodium Lactate Market – By Application (Market Size – $Million/$Billion)
9.1 Bulking Agent
9.1.1 Key Market Trends, Growth Factors and Opportunities
9.1.2 Market Size and Forecast, By Region
9.1.3 Market Share Analysis, By Country
9.2 Anti-oxidant
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Market Size and Forecast, By Region
9.2.3 Market Share Analysis, By Country
9.3 Emulsifier
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Market Size and Forecast, By Region
9.3.3 Market Share Analysis, By Country
9.4 Flavor Enhancer
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Market Size and Forecast, By Region
9.4.3 Market Share Analysis, By Country
9.5 Others
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Market Size and Forecast, By Region
9.5.3 Market Share Analysis, By Country
10. Sodium Lactate Market – By End User (Market Size – $Million/$Billion)
10.1 Healthcare
10.1.1 Key Market Trends, Growth Factors and Opportunities
10.1.2 Market Size and Forecast, By Region
10.1.3 Market Share Analysis, By Country
10.2 Food Industry
10.2.1 Key Market Trends, Growth Factors and Opportunities
10.2.2 Market Size and Forecast, By Region
10.2.3 Market Share Analysis, By Country
10.3 Personal Care
10.3.1 Key Market Trends, Growth Factors and Opportunities
10.3.2 Market Size and Forecast, By Region
10.3.3 Market Share Analysis, By Country
10.4 Others
10.4.1 Key Market Trends, Growth Factors and Opportunities
10.4.2 Market Size and Forecast, By Region
10.4.3 Market Share Analysis, By Country
11. Sodium Lactate Market – by Geography (Market Size – $Million/$Billion)
11.1 North America
11.1.1 The U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Sodium Lactate Market – Entropy
12.1. New product launches
12.2. M&A’s, collaborations, JVs and partnerships
13. Sodium Lactate Market – Industry/Segment Competition Landscape
13.1 Market Share Analysis
13.1.1 Market Share by Product Type – Key Companies
13.1.2 Market Share by Region – Key Companies
13.1.3 Market Share by Country – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Sodium Lactate Market – Key Company List by Country Premium
15. Sodium Lactate Market - Company Analysis
15.1 Jungbunzlauer Suisse AG
15.2 Hefei TNJ Chemical Industry Co., Ltd.
15.3 Foodchem International Corporation
15.4 Luoyang Longmen Pharmaceutical Co., Ltd.
15.5 Corbion
15.6 Henan Jindan Lactic Acid Technology Co., Ltd.
15.7 Loba Chemie Pvt. Ltd.
15.8 Dr. Paul Lohmann GmbH & Co. KGaA
15.9 JIAAN BIOTECH
15.10 Qingdao Great Biological Engineering Co., Ltd.
15.11 Galactic S.A.
15.12 Cargill, Incorporated
15.13 Dow Chemical Company
15.14 Batory Foods
15.15 Foodchem International Corporation
15.16 Henan Jindan Lactic Acid Technology Co., Ltd.
15.17 Hunan Reshine New Material Co., Ltd.
15.18 VWR International
15.19 Viva Corporation
15.20 Alfa Chemical Corp.
15.21 Shenzhen Shijingu Technology Co., Ltd.
15.22 Fuso Chemical Co., Ltd.
15.23 Linyi Shansong Biological Products Co., Ltd.
15.24 Finetech Industry Limited
15.25 Jost Chemical Co.
15.26 Parchem fine & specialty chemicals
15.27 Penta Manufacturing Company
15.28 FBC Industries Europe BVBA
15.29 Phantoms Foundation
15.30 FBC Industries, Inc.
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The Sodium Lactate Market is projected to grow at 18% CAGR during the forecast period 2023-2030.
Sodium Lactate Market size is estimated to reach $0.165 billion by 2030.
The top companies in the Sodium Lactate Market are Galactic S.A., Cargill, Incorporated, Dow Chemical Company, Corbion, Jungbunzlauer.