PUBLISHER: Value Market Research | PRODUCT CODE: 1547474
PUBLISHER: Value Market Research | PRODUCT CODE: 1547474
The global demand for Lactate Salts Market is presumed to reach the market size of nearly USD 1029.89 Million by 2032 from USD 433.57 Million in 2023 with a CAGR of 10.09% under the study period 2024-2032.
Lactate salts mainly comprises of three types of organic acid salts, namely sodium lactate, calcium lactate, and potassium lactate. Sodium lactate is prepared by fermenting sugar sourced from beets or corn and then neutralizing the lactic acid obtained after fermentation. It is used as an acidity regulator and preservative in food items, electrolyte replenisher, and in cosmetic products. Potassium lactate is also produced from sugar sources and is used as an antimicrobial agent. The calcium lactate is formed when lactic acid reacts with calcium hydroxide or calcium carbonate. A significant sour component is present in calcium lactate, and it is used for thickening, stabilizing, flavoring, fermenting, and firming food items. Lactate salts are FDA approved.
There are a number of factors driving the lactate salt market. Increasing demand for cosmetics, including personal hygiene products, are creating a positive impact on the market since lactate salts are used in hair care, skincare, and oral care products. Lactate salts are also used in the pharmaceutical, food, and beverage industry. Other key market drivers are rapidly growing population, rise in disposable income, innovative production techniques, new product development, and surge in research and development activities. However, there are some side effects of lactate salts, such as an increase in blood pressure, pulmonary edema, over hydration and fluid overload restraining its market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Lactate Salts. The growth and trends of Lactate Salts industry provide a holistic approach to this study.
This section of the Lactate Salts market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.