23-Nov-2022 | Zion Market Research
The global sodium lactate market size was worth around USD 260.1 million in 2021 and is predicted to grow to around USD 448.6 million by 2028 with a compound annual growth rate (CAGR) of roughly 8.1% between 2022 and 2028.
The sodium salt of lactic acid, or sodium lactate (SL), is a clear liquid without color and a little salty flavor. It is produced through the fermentation of beet and corn sugars. It is spontaneously produced by living things as a byproduct of glycolysis. Antioxidant synergists, bodying agents, humectants, and preservatives are some of its principal uses. As a good humectant with a high water-holding capacity, sodium lactate is utilized in many goods, including shampoos and soaps.
The expansion of the global sodium lactate market is being driven by the widespread usage of sodium lactate as a pH regulator and preservative in the food and beverage industry. Additionally, it is utilized in the healthcare sector as a source of bicarbonate to sufficiently avoid or control minor metabolic acidosis in patients with mildly impaired oxidative processes. During the projected period, the personal care industry is anticipated to drive market demand in developing nations. Making soaps without palm oil is possible with sodium lactate. The pharmaceutical industry also helps the market expand.
However, the market expansion is hampered by fluctuating raw material prices. Due to the solute or fluid overloading that sodium lactate creates, other concentrations end up being mixed with it. The expansion of the global sodium lactate market is being constrained by several issues, including pulmonary edema, overhydration, crowded areas, and serum electrolytes. Blood pressure caused by excessive sodium lactate ingestion is another factor limiting market expansion. However, the growing investments in research & development activities, the rising personal care industry, and increasing product improvements are providing growth opportunities to the market growth.
The global sodium lactate market is segmented based on the form, application, end user, and region.
The liquid and powder segments of the global market are divided based on form. In 2021, the liquid sector had the biggest revenue share of more than 75%, and it is anticipated that it will continue to dominate during the projection period. The pharmaceutical industry's rising need for liquid sodium lactate is credited with driving the segment's expansion. It is utilized in dialysis for chronic renal disorders and IV solutions (CKD). It is in the liquid form that sodium lactate is first produced. It is frequently used in the production of soaps, lotions, and shampoo due to its mild oiliness and efficient moisturizing abilities.
It is safe to use sodium lactate on human skin because it abides by some regulations set forth by regulatory organizations and the governments of several countries. Also available is the powdered form in addition to the liquid version. Cosmetics and personal care products frequently include powdered ingredients in their formulation. It exhibits strong antibacterial and humectant properties that are very helpful for the cosmetics industry. It is therefore included in bar soaps to encourage moisture retention and decrease cracking.
The market is divided into cosmetics, pharmaceuticals, food & beverages, and others based on the end user. During the forecast period, the market is expected to be dominated by the cosmetics segment. The increase in demand for cosmetics and personal care products is responsible for the segment's growth. On the other hand, due to its extensive utilization in several food products and beverages, the food and beverage industry has become one of the most well-known industry sectors. Sodium lactate is utilized to stabilize the food item due to the cushioning action. To enhance the flavors of food, particularly meat products like hog, poultry, and beef as well as a few fish items, it is also used as a spice. Thus, driving segmental growth.
The market for Sodium Lactate is divided into five regions based on geography: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America accounts for the largest market share of the global sodium lactate market, followed by Europe. The growth in the region is attributable to the expansion in the food & beverage and pharmaceutical industries. Besides, the Asia Pacific region is growing at a rapid pace during the forecast period due to the growing demand from the end-use industries. Moreover, the growing disposable income of the population is one of the important factors that propel the market growth during the forecast period.
The global sodium lactate market is dominated by players like Hefei TNJ Chemical Industry Co., Ltd., JUNGBUNZLAUER SUISSE AG, 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., among others.
This review is based on a report by Zion Market Research, titled “Sodium Lactate Market By Form (Powder and Liquid), By Application (Antioxidant, Emulsifier, Acidity Regulator, Flavor Enhancer, PH Regulator, Preservative and Humectant), By End User (Cosmetics, Pharmaceuticals, Food & Beverages, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.”- Report at https://www.zionmarketresearch.com/report/sodium-lactate-market
The global sodium lactate market is segmented as follows:
By End User
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