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Lactates Market: Growth, Demand and Key Players to 2026

03-30-2017 10:57 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Lactate is an organic molecule, an ion with negative charge i.e. an anion. Lactates are salts of lactic acid and contains the lactate ion.

Lactates are obtained by fermentation process on sugar sources such as, beets, corn etc. Further, lactate is obtained by neutralization process of the acid from the high purity sources, which is the original source.With their versatile properties lactates forms the foundation of many of commercial applications, such as, food, chemicals, biomedicine, plastics made from poly lactic acid and many other. Addition of Lactates in food products can prevent the growth of pathogens, primarily due to their ability to reduce pH and water activity. In turn, reducing the growth of several types of bacteria, this helps in improving shelf life of food products. Lactates also acts as an emollient and a viscosity builder, and offers characteristics such as reduced tackiness and greasiness, creaminess, and non-oily lubricity, thus holds wide applications in personal care and pharmaceutical industry.

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Considering lactates versatile properties and uses in various products, for different purposes, lactates possess significant market demand from various industries and the market is expected to grow at a significant rate in forecast period.

Different types: Different substances when reacted with lactic acid, donate OH group and can be called as lactates. For example, minerals like calcium, potassium, magnesium, and sodium when reacted with lactic acid, forms calcium lactates, potassium lactates, magnesium lactates, and sodium lactates respectively.

Lactates Market Segmentation

Lactates market can be segmented on the basis of applications, forms, and by regions.

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On the basis of applications lactates market is segmented as food, pharmaceutical, personal care, and others. In food products lactates applications are majorly into meat, chicken and hot dogs, for preservation purpose, as lactates act as natural preservative and flavor enhancer. Sodium and potassium lactates are types of lactates majorly demanded in food products. Calcium lactate is most commonly used as an antacidand also to treat calcium deficiencies, cheese crystals are usually consists of calcium lactates. It also added into sugar free products to avoid tooth decay. Personal care and pharmaceuticals are another major market segments using lactates in various products. As lactates possess natural moisturizing, non-oily, lubricity etc. are the characteristics required by personal care as well as pharmaceutical products, lactates market demand is high from both the market segments.Sodium Lactate is a natural moisturizing factor (NMF) constituent of skin, required for maintaining natural hydration, and used in wide range of personal care products includes, skin care, hair care, bath and body care etc. Other applications market segment includes demand from plastic industry, agriculture and in animal feed etc.

Lactates market is later segmented on the basis of forms as solid, liquid, and semi-liquids (gel). Most of the lactates are in liquid forms but usually made available in solid forms.

Lactates market is further segmented on the basis of region as, Latin America, North America, Europe, Middle East and Africa and Asia Pacific. In regional segments North America market possess significant potential as potassium lactate and sodium lactate are permitted in the U.S. as flavoring agents in meat, poultry and food products, and as emulsifiers, flavor enhancers, adjuvants, humectants and pH control agents. However, not authorized to use in infant food and formula. Latin America, as well as developing markets as Asia Pacific and MEA possess significant market demand for lactates over the forecast period.

Lactates Global Market Trends and Market Drivers:

Lactates market is primarily driven by their versatile properties. Increasing demand oflactates in treatment of anemia, iron deficiency in pregnant women and calcium deficiency etc. fueling market demand for lactates. Calcium lactates are used in sugar free products so as to avoid tooth decay. Increasing demand for sugar free products, is another major factor driving market growth for calcium lactates. Apart from this the other mineral lactates such as, aluminum, zinc and ammonium lactates are demanded in various disease treatments as well as in cosmetics and personal care products. Growing personal care industry in turn, driving market demand for lactates. Diseases or therapy where lactates are demanded includes, infusion therapy, dialysis solutions, electrolytes and mineral solution, treatments for colds, rhinitis and sinusitis, gastric antacids etc.

Lactates possess versatile functions in food preservation, food coloring and flavoring without changing taste or other physical properties of food products. And thus lactates market demand is high in preservation of meat, chicken and sea food. As calcium lactate is used as calcium enrichment in juices and juice beverages, nectar, non-clear beverages, acidified milk, soya beverages, powder drinks etc. calcium lactates possess significant market demand in near future .Ever growing food and beverage products demand with increasing global population, is another factor driving growth of lactates market.

Lactates Market Key Players:

Key global market players manufacturing different lactates for different applications include, FBC Industries,Inc., BSA, Jungbunzlauer, Jostchemical, American Elements(ALMA),Caldic, galactic,Corbion, Henan Jindan Lactic Acid Technology Co. ChemFrog, Sigma-Aldrich, AN PharmaTech, Angene Chemical etc.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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