Sodium Lactate Market growing at a CAGR of 8.0% from 2022 to 2030

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The market is characterized by the presence of multiple large manufacturing companies around the world. Corbion, Henan Jindan Lactic Acid Technology Co., Ltd., Foodchem International Corporation, Jungbunzlauer Suisse AG are some of the prominent market players. These companies undertake various operations and strategic initiatives such as mergers, acquisitions, partnerships, agreements, and collaborations to establish their presence in existing and new markets.

Sodium lactate is lactic acid’s sodium salt, which is obtained by the process of neutralization of naturally derived substances, which have a high purity sodium source. The production process of sodium lactate is carried out naturally by living organisms and is obtained as a by-product of glycolysis. It is a colorless to yellowish substance, which is nearly odorless and has a mild salty taste.

These products have wide usage in various industries such as food & beverages, cosmetics, personal care, as well as pharmaceutical. It finds its largest application in the cosmetics industry as a pH regulator and moisturizer in various skin care products. Apart from the cosmetics industry, the product is adopted by the food & beverages industry as well. It is being used as a natural food additive, and as a preservative in various food items, especially seafood and meat products.

Increasing global spending on the healthcare and pharmaceutical industry, especially after the global pandemic has created a great demand for the products that are extensively used in the pharma industry. Sodium lactate is as an over the counter (OTC) medicine. In addition, it is also used as a pH regulator to relieve acidosis. Various such factors are responsible for the market growth. Apart from this, it is also used in injections, as a nonpyrogenic, sterile, and a concentrated solution, generally in water. It is also used as an additive after the dilution by intravenous route as a systematic alkalizer and also as an electrolyte replenisher.

Form Insights

Liquid form dominated the market with a revenue share of more than 75.7% in 2021. This high share is attributed to the growing demand for liquid sodium lactate from the pharmaceutical industry. It is used in IV solutions and the dialysis of chronic kidney diseases (CKD).

Sodium lactate is originally produced in the liquid form itself. It is significantly used in the manufacturing of soaps, lotions, and shampoo, as it provides soft oiliness and also acts as a good moisturizer. The usage of sodium lactate is safe for the human skin as it complies with numerous regulations set by regulatory authorities, and the governments of multiple countries.

Apart from the liquid form, the powdered form is also used in the market. The powdered form is largely used in the formulation of cosmetics and personal care products. It exhibits strong antimicrobial and humectant properties that are very beneficial for the cosmetics industry. As a result, it is used in the formulation of bar soaps to reduce cracking and increase the moisture retention.

Sodium Lactate Market Report Scope