Sodium Lactate Market Global Briefing and Future Outlook 2021 to 2029

Sodium Lactate Market Snapshot:

Sodium lactate (SL) is a sodium salt of lactic acid, which is a colorless transparent liquid with a mild saline taste. It is derived by the fermentation of sugars that originates in corns and beets. Living organisms produce it naturally as a by-product of glycolysis. Its main applications include antioxidant synergist, bodying agent, humectant, and preservative. Sodium lactate has a high water-holding capacity, which makes it a good humectant and is used in various products, such as shampoos and soaps.
Sodium lactate is extensively used in the chemical industry to produce lactic acid. The chemical companies are also using sodium lactate to produce sodium hydroxide by different processes, such as electrolysis using a cation exchange membrane. The increasing demand for lactic acid in its end-use applications, such as polylactic acid production, is driving the sodium lactate market.

The increasing demand for cosmetics and personal care products globally is driving the sodium lactate market. The factors such as a continuous increase in online beauty spending, expansion of social networks, consumers increasing interest in new and premium products, and growth in the upper-middle-class population accelerate the market growth. As per theL’Oréal 2018 annual report, the growth in the global online cosmetics sales was 25% in 2018 and the share of e-commerce in the beauty market was 12.5% in the same year.

Sodium lactate is used as a preservative enhancer and buffering agent in cosmetic products. It also acts as a bacteriostatic agent. Another prime application of sodium lactate in cosmetics and personal care products is its use as a humectant in the formulation of moisturizers, creams, lotions, and many other skincare products. According to the L’Oréal 2018 annual report, the global cosmetics market is evolving at a fast pace. The growth of the cosmetics market was 3.9% in 2015, which reached 5.5% in 2018.

Naturally, sodium lactate is produced in liquid form. The demand for liquid sodium lactate is high, owing to its easy dissolution in water and other products. The liquid segment accounts for more than three-fourth of the sodium lactate market share. The liquid sodium lactate has more applications compared to powder sodium lactate. Liquid sodium lactate is used as a pH regulator, acidity regulator, and humectant, among others. The liquid form of sodium lactate is more convenient to weigh and use for cosmetics and other products since only a tiny amount of sodium lactate is needed. Sodium lactate powder absorbs water from the air as it is hygroscopic. Powder form requires careful handling and storage. The prime end-user industry for sodium lactate is the cosmetics and personal care industry, followed by the food and beverage industry. It is extensively used in the manufacturing of soaps, shampoos, moisturizers, and other skincare products. It is used to make a bar and liquid soaps. It also functions as a preservative enhancer and humectant in the cosmetics industry.

Asia-Pacific’s sodium lactate market is primarily driven by the burgeoning cosmetics and personal care, food and beverage, and pharmaceutical industries. India and China are the prime consumers as well as producers of sodium lactate in the region. The consumption of sodium lactate in India is high in the food and beverage sector. The growing food processing industry in India will fuel the market growth over the forecast period.

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The Major Prominent Players Covered in this Report:
MP Biomedicals, LLC
Labseeker
Phion Ltd
Aurora Fine Chemicals
abcr GmbH
Glentham Life Sciences Ltd.
CambridgeChem
IS Chemical Technology
AK Scientific, Inc. (AKSCI)
1717 CheMall Corporation
Finetech Industry Limited
King Scientific
TCI AMERICA
AN PharmaTech

By Form
Liquid
Powder

By End-user
Cosmetics and Personal Care
Food and Beverage Industry
Pharmaceutical Industry
Healthcare

By Application
Antioxidant
Emulsifier
Acidity Regulator
Flavor Enhancer
PH regulator
Preservative
Humectant

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Sodium Lactate in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Sodium Lactate market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Sodium Lactate and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Sodium Lactate. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Sodium Lactate market growth rate?
What are the key factors driving the global Sodium Lactate market?
Who are the key manufacturers in the Sodium Lactate market space?
What are the market opportunities, market risk, and market overview of the Sodium Lactate market?
What are sales, revenue, and price analysis of top manufacturers of the Sodium Lactate market?
Who are the distributors, traders, and dealers of the Sodium Lactate market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Sodium Lactate Industry?
What are sales, revenue, and price analysis by regions of Sodium Lactate industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Sodium Lactate Market Trends:
- The report identifies, determines, and forecasts the Global Sodium Lactate Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Sodium Lactate Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Sodium Lactate Market.

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