Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 400.52 Million | USD 905.57 Million | 8.5% | 2024 |
FrequentlyAsked Questions
The sodium salt of lactic acid, sodium lactate, has a mildly salty flavor. It is made by fermenting sugar sources like corn or beets and then neutralizing the lactic acid that results to yield a substance with the formula NaC3H5O3. Naturally, sodium lactate, a liquid substance, is also offered in powder form. Food goods frequently contain sodium lactate as a preservative.
The global sodium lactate market is expected to grow due to rising demand in food preservation, pharmaceuticals, and cosmetics, along with increasing preference for natural and safe preservatives.
According to a study, the global sodium lactate market size was worth around USD 400.52 Million in 2024 and is expected to reach USD 905.57 Million by 2034.
The global sodium lactate market is expected to grow at a CAGR of 8.5% during the forecast period.
North America is expected to dominate the sodium lactate market over the forecast period.
Leading players in the global sodium lactate market include 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., among others.
The report explores crucial aspects of the sodium lactate market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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