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Potassium Lactate Market Growth by Key Players: Chongqing Bofei Biochemical products, Jungbunzlauer, Lab M, Henan Jindan Lacitc Acid Technology, American Elements, Qingdao Baotai Refining Chemical, and FBC Industries
Global Market Insights, Inc.
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Europe is known for its rapid growth in industrializations that has propelled infrastructure and developed the need for fire safety. Additionally, government legislations have mandated the deployment of fire extinguishers in certain public places. Middle East & Africa population relies mainly on meat & poultry products as there is shortage of green and fresh vegetables due to less cultivable land in gulf countries. Potassium lactates is used as a preservative in these frozen meat & poultry market making the region considerable contributor in the global market.
Global Potassium Lactate Market size is likely to register significant gains between 2017 and 2024. Growth of the compound is attributed to its multiple applications in varied end-user industries such as detergents & cleaners, personal care, health care, food & beverages as a flavoring agent, antioxidant, humectant, and as a preservative.
Potassium lactate is used widely in food & beverage industry as a preservative. It restricts the growth of pathogens in food products owing to its capability of reducing PH level. Its appreciable moisturizing effects is used to enhance the food quality. It acts as a salt substitute in low sodium application as it depicts properties similar to salt such as syneresis prevention and better moisturizing. Other features of the product used in food application are antioxidant and texture & flavor enhancer. Ever increasing packaged food & beverage demand owing to fast life and whim amongst youngsters is anticipated to boost potassium lactate market in the forecast timeframe.
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Based on the properties, the market is segmented as food preservative, extinguishing agent, antioxidant, humectant, emulsifier, moisturizing agent, and seasoning agent. The compound is used in the end-user industries such as cosmetics, food & beverages, health care, and fire protection.
Key industry players in the market include Chongqing Bofei Biochemical products, Jungbunzlauer, Lab M, Henan Jindan Lacitc Acid Technology, American Elements, Qingdao Baotai Refining Chemical, and FBC Industries.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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