Global Sodium Lactate Market Insights Forecasts to 2033

• The Global Sodium Lactate Market Size was Estimated at USD 354.5 Million in 2023
• The Market Size is Expected to Grow at a CAGR of around 8.39% from 2023 to 2033
• The Worldwide Sodium Lactate Market Size is Expected to Reach USD 793.5 Million by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Sodium Lactate Market Size is anticipated to exceed USD 354.5 Million by 2033, growing at a CAGR of 8.39% from 2023 to 2033. The growing application of sodium lactate in food & beverage, pharmaceuticals, cosmetics & personal care sectors owing to its beneficial properties such as pH regulator, bulking agent, moisturizers & humectants, antioxidant, emulsifier, acidity regulator, and flavor enhancer is driving the market for sodium lactate.

Market Overview

The sodium lactate market refers to the market for sodium lactate, a sodium salt of lactic acid that finds widespread application in food & beverage, cosmetics, and pharmaceuticals. Sodium lactate is a popular option for meat, poultry, and fish products because of its ability to prolong shelf life and improve food safety. In personal care products like cosmetics and toiletries, sodium lactate is also well-known for its humectant and moisturizing qualities. Its dual use in the food and cosmetic industries highlights its adaptability and consumer demand. Furthermore, the growing use of sodium lactate as an API in IV fluids and the dialysis of chronic renal illnesses like CAPD is expected to drive the product’s demand. The increasing demand for processed foods, pharmaceuticals, and personal care products owing to rapid urbanization and the expanding middle class along with increased disposable income and lifestyle changes is escalating the lucrative market growth opportunity for sodium lactate.

Report Coverage

This research report categorizes the sodium lactate market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the sodium lactate market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the sodium lactate market.

Driving Factors

By efficiently preventing the formation of harmful microbes, sodium lactate prolongs the shelf life of a variety of food items, such as meats, poultry, and prepared meals. Thus, the preservative capabilities of sodium lactate in the food industry along with the consumer preference for convenience and ready-to-eat meals are propelling the sodium lactate market. The expanding application of sodium lactate in various skincare, haircare, and personal hygiene products owing to its moisturizing and humectant properties is propelling the market growth.

Restraining Factors

The regulatory and quality concerns regarding sodium lactate are challenging the market growth as these regulatory challenges enhance the operational costs and complexity.

Market Segmentation

The sodium lactate market share is classified into form and application.

• The liquid segment is expected to dominate the global sodium lactate market during the forecast period.

Based on the form, the sodium lactate market is classified into liquid and powder. Among these, the liquid segment is expected to dominate the global sodium lactate market during the forecast period. A clear, colorless, or slightly yellow solution is the usual state of liquid sodium lactate, made by using sodium hydroxide and sodium carbonate to neutralize lactic acid. Further, industrial applications typically employ a 60% concentration of sodium lactate. The demand for a liquid form of sodium lactate from the pharmaceutical industry is expected to drive the market in the liquid segment.

• The cosmetics & personal care segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe.

Based on the application, the sodium lactate market is classified into cosmetics & personal care, pharmaceuticals, food & beverage, and others. Among these, the cosmetics & personal care segment accounted for the largest market share in 2023 and is expected to grow at a significant CAGR during the predicted timeframe. Sodium lactate is commonly used in cosmetics and personal care products due to its moisturizing and exfoliating properties. The growing consumer awareness about skin health and sustainable ingredients in personal care products contributes to driving the market demand in the cosmetics & personal care segment.

Regional Segment Analysis of the Sodium Lactate Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the sodium lactate market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the sodium lactate market over the predicted timeframe. The rapidly growing industries such as cosmetics & personal care, food & beverage, and pharmaceuticals are driving the market demand for sodium lactate. The need for sodium lactate solutions is growing owing to the higher priority on operational effectiveness and technology improvements, thereby propelling the market demand. The trend of digitalization and incorporation of artificial intelligence is driving the market growth.

North America is expected to grow at the fastest CAGR growth of the sodium lactate market during the forecast period. The robust pharmaceutical and healthcare sectors in the region significantly contribute to driving the market demand for sodium lactate. Further, the region’s advanced healthcare infrastructure and awareness about health & wellness are promoting the market growth. The surging focus on sustainable practices in lactate production which includes renewable raw materials and environmentally friendly manufacturing processes is promoting the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the sodium lactate market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Jungbunzlauer Suisse AG, Basel
• Musashino Chemical Laboratory, Ltd.
• Fengchen Group Co., Ltd.
• Hawkins, Inc.
• Junsei Chemical Co.,Ltd.
• Kishida Chemical Co.,Ltd.
• Avanschem
• AXIOM CHEMICALS PVT. LTD
• Central Drug House
• Vizag Chemical Internationl
• JIAAN BIOTECH
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2024, Jungbunzlauer, a major player in the sodium lactate industry, announced an expansion of its production capacity to satisfy the increasing demand for sodium lactate across a range of industries.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the sodium lactate market based on the below-mentioned segments:

Global Sodium Lactate Market, By Form

• Liquid
• Powder

Global Sodium Lactate Market, By Application

• Cosmetics & Personal Care
• Pharmaceuticals
• Food & Beverage
• Others

Global Sodium Lactate Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa