Global Lactate Salts market

Lactate Salts Market Size, Share, Growth Analysis, By Product(Sodium Lactate, Calcium Lactate, Magnesium Lactate, Potassium Lactate), By Application(Food & Beverages, Cosmetic, Pharmaceutical, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2457 | Region: Global | Published Date: June, 2024
Pages: 184 | Tables: 66 | Figures: 70

Lactate Salts Market News

  • November 2022: Merck KGaA announced the launch of its new lactate salts product line, which is designed for use in food, beverage, and personal care applications. The new product line is made with a high purity and is available in a variety of forms, including powders, liquids, and gels. 
  • February 2023: Henan Jindan Lactic Acid announced the expansion of its lactate salts production capacity by 20%. The expansion is expected to be completed by the end of 2023. 
  • June 2023: H Plus announced the launch of its new lactate salts product line, which is designed for use in animal feed applications. The new product line is made with a high purity and is available in a variety of forms, including powders, liquids, and pellets.
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Lactate Salts Market size was valued at USD 2.95 billion in 2022 and is poised to grow from USD 3.19 billion in 2023 to USD 5.90 billion by 2031, growing at a CAGR of 8% during the forecast period (2024-2031).

The competitive landscape in the global lactate salts market is characterized by a diverse array of players vying for market share. These companies are engaged in extensive research and development activities to innovate and expand their product portfolios, addressing evolving consumer demands for safer, more sustainable, and high-quality products. 'Dr. Paul Lohmann GmbH & Co., KGaA (Germany)', 'Jungbunzlauer (Switzerland)', 'Corbion N.V. (Netherlands)', 'Ikigai Corporation (Japan)', 'Galactic (Belgium)', 'Jindal Europe (UK)', 'Showa Kako Corporation (Japan)', 'Musashino Chemical Laboratory Ltd. (Japan)', 'American Elements (US)', 'CellMark Chemicals (Sweden)', 'Brenntag Ingredients, Inc. (US)', 'Avid Organics (India)', 'GFS Chemicals, Inc. (US)', 'Huangshi Xinghua Biochemical Co., Ltd. (China)', 'Henan Jindan Lactic Acid Technology Co., Ltd. (China)'

The growing health consciousness among consumers is a significant driver for the lactate salts market. As consumers seek healthier and more natural alternatives, lactate salts, known for their lower sodium content and ability to act as preservatives in food, are gaining popularity. This shift towards healthier lifestyles and clean label products is boosting the demand for lactate salts across various industries, especially in the food and beverage sector.

Growing Demand for Natural and Clean Label Products : Consumers are increasingly seeking transparency in product ingredients and are drawn to lactate salts for their naturally derived and sustainable characteristics. Manufacturers are responding by reformulating their products to meet clean label criteria, thereby driving the adoption of lactate salts in various applications, particularly in the food and beverage sector. This trend reflects a broader shift toward healthier and more environmentally conscious consumption patterns.

North America stands as the dominant region in the global lactate salts market. This prominence can be attributed to its well-established pharmaceutical and food industries, which often rely on lactate salts as additives and excipients. Additionally, stringent regulatory standards and a growing preference for high-quality, safe products have further driven demand in this region.

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Global Lactate Salts market

Report ID: SQMIG15E2457

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