There is huge market demand for sodium lactate in China and India, and food and beverages may become the largest application area.
Sodium lactate is a chemical substance with the molecular formula C3H5O3Na. It is a colorless or almost colorless transparent liquid with a molecular weight of 112.06. It can be dissolved with water, ethanol and glycerin. It is used in food preservation, moisturizing, flavoring and pharmaceutical raw materials. It can also be used as medicine to relieve acidosis caused by diarrhea, dehydration, diabetes, nephritis and other diseases. It is also used as a condiment, a plasticizer for casein plastics, an antifreeze, a humectant, a substitute for glycerin, and a corrosion inhibitor for alcohol antifreeze.
Industrial Research Center issued the “ Global and Chinese Sodium Lactate in 2022 Industry in-depth research report shows that the global sodium lactate market size will grow from 275 million yuan in 2022 to 498 million yuan in 2027, with a compound annual growth rate of 10.4%. The increasing use of sodium lactate in downstream application fields, such as food and beverage, cosmetics, personal care and pharmaceutical industries, is the main factor driving the growth of the sodium lactate market. Sodium lactate is most commonly used in the cosmetics industry as a pH adjuster and moisturizer in various skin care products. Sodium lactate is also used in the food and beverage industry, especially in seafood and meat products, where it can be used as a natural food additive and preservative.
Liquid sodium lactate will still be the most common product form in the market
At this stage, liquid sodium lactate is the most important product form in the market. Due to its mild oiliness and effective moisturizing properties, sodium lactate is commonly used in the production of soaps, skin care lotions, and shampoos. Moreover, sodium lactate complies with the addition rules set by regulatory agencies and governments in many countries. Sodium lactate is safe to use on human skin, expanding the application scope of sodium lactate.
The food and beverage field will become the fastest growing sodium lactate application market
During the forecast period, food and beverages will become the fastest growing downstream application area. Since sodium lactate can be applied to a variety of foods and beverages, the food and beverage industry has become one of its main application industries. Sodium lactate has a stabilizing effect and can be used to stabilize food and increase the flavor of food. In meat products such as pork, poultry, beef and fish, sodium lactate is often used to add flavor to these foods.
Among the global sodium lactate regional markets, the Asia-Pacific region will become the fastest growing regional market
The sodium lactate market size in Asia Pacific will grow at the highest growth rate during the forecast period. China and India may become the main investment destinations in the market due to huge market demand. In the next few years, the demand from the most downstream markets such as pharmaceuticals, cosmetics, food and beverages throughout Asia will rise rapidly, so the sodium lactate market size in the Asia-Pacific region is growing very fast.
The major players in the global sodium lactate market include: Corbion (Netherlands), TCI America (USA), Shanghai Fengqing Chemical Co., Ltd. (China), and Henan Jindan Lactic Acid Technology Co., Ltd. (China).