Sodium Lactate Market Outlook - 2027
Sodium lactate, also known as sodium salt of lactic acid, is produced by fermentation of sugar, which later neutralizes the resulting lactic acid. It is sterile, non-pyrogenic, and concentrated solution used for medical purposes such as acidity regulator, preservative, and bulking agent in medicines. In addition, it is known for effective humectants and moisturizers.
The sodium lactate market is segmented on the basis of various characteristics. Depending on product type, sodium lactate is available in liquid and powder form in the market. The applications covered in the study include antioxidant, emulsifier, flavor enhancer, and others. The food industry, healthcare sector, personal care and others are the major end user of sodium lactate. Sodium lactateexhibits the capacity of increasing the shelf life of foods by reducing the harmful effect of bacteria and other microorganisms. In drinks and beverages, it is used as a pHregulator to enhance the flavor in sour drinks. In the healthcare industry, sodium lactate is used for pH regulationto relive acidosis. Sodium lactate, owing to its usage and properties, is anticipated to witness an increase in demand during the forecast period. Region wise, the sodium lactate market is analyzed across North America, Asia-Pacific, Latin America, and LAMEA.
COVID-19 scenario analysis
- Owing to the suspension in the manufacturing rate in food industry, the sodium lactate market may face a low demand in food industry.
- However, growing demand for hand sanitizers during COVID-19 will positively influence the market growth.
- Sodium lactate is often used in cosmetics and sanitizers to soothe the skin and help maintain hydration.
- Conversely, insufficiency in raw material supply is anticipated to hamper the production rate, thus negatively impacting the market growth.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:
The industries such as food and pharmaceutical are expandingexponentially. These industries require sodium lactate on large scale, owing to its usage as a preservative and a pH regulator. This factor significantly contributes the growth of the global sodium lactate market. Furthermore, sodium lactatesareused in shampoo production being effective humectants. In the pharmaceutical industry, it is known to treat diseases such as arrhythmias, thus boosting the growth of the global market. However, sodium lactateshave several side effects, which includesolute or fluid overloading, thus resulting in the dilution of other concentrations of the serum electrolyte, pulmonary edema, over hydration, and congested states. This factor is expected to hamper the growth of the global sodium lactate market during the forecast period.
Key market players
The major players operating in the global sodium lactate market are Labseeker, Phion LTD, abcr GmbH, CambridgeChem, IS chemical Technology, King Scientific, TCI AMERICA, AN Pharma Tech, MP Biomedical, and AN Pharma Tech. Expansions, acquisitions, partnerships, and new product developments are the key strategies adopted by these market players to expand their business in potential markets. In addition, they have been focusing on strategies such as organic and inorganic growth developments, including contracts and investments.
Key benefits of the report
- This study presents the analytical depiction of the global sodium lactate industry along with the current trends and market estimation to determine the imminent investment pockets
- The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the sodium lactate market share
- The current market is quantitatively analyzed to highlight the sodium lactate market growth scenario
- The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years
- This report helps users in comprehending the key product segments and their future
Questions answered in the global sodium lactate market research report:
- Which are the leading players active in the global sodium lactate market?
- What are the current trends will that influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What should be the response of the sodium lactate market players amid the COVID-19 pandemic?
- What are the projections for the future that would help in taking further strategic steps?
- What is the outlook of the industry?
- What are the emerging key segments in the sodium lactate market?
- What are the major changes and assessments in sodium lactate market dynamics?
Sodium Lactate Market Report Highlights
By Product Type
By End User
Key Market Players
Labseeker, Phion LTD., abcr GmbH, CambridgeChem, IS chemical Technology, King Scientific, TCI AMERICA, AN Pharma Tech, MP Biomedical, and AN Pharma Tech
Other Key Market Players
Aurora Fine Chemicals, Labseeker