Home Bulk Chemicals Sodium Lactate Market Size, Share | Growth Report [2031]

Sodium Lactate Market

Sodium Lactate Market Size, Share & Trends Analysis Report By Form (Liquid, Powder), By End-user (Cosmetics and Personal Care, Food and Beverage Industry, Pharmaceutical Industry, Healthcare), By Application (Antioxidant, Emulsifier, Acidity Regulator, Flavor Enhancer, PH regulator, Preservative, Humectant) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Report Code: SRCH1366DR
Study Period 2020-2032 CAGR 8.2%
Historical Period 2020-2022 Forecast Period 2024-2032
Base Year 2023 Base Year Market Size USD XX Billion
Forecast Year 2032 Forecast Year Market Size USD XX Billion
Largest Market Asia-Pacific Fastest Growing Market
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Market Overview

The global sodium lactate market size  is expected to grow at a CAGR 8.2% during the forecast period, 2023–2031.

Sodium lactate (SL) is a sodium salt of lactic acid, which is a colorless transparent liquid with a mild saline taste. It is derived by the fermentation of sugars that originates in corns and beets. Living organisms produce it naturally as a by-product of glycolysis. Its main applications include antioxidant synergist, bodying agent, humectant, and preservative. Sodium lactate has a high water-holding capacity, which makes it a good humectant and is used in various products, such as shampoos and soaps.

 

Market Dynamics

Growing Demand for Lactic Acid

Sodium lactate is extensively used in the chemical industry to produce lactic acid. The chemical companies are also using sodium lactate to produce sodium hydroxide by different processes, such as electrolysis using a cation exchange membrane. The increasing demand for lactic acid in its end-use applications, such as polylactic acid production, is driving the sodium lactate market.

Growing Use of Sodium Lactate in the Cosmetics and Personal Care Industry

The increasing demand for cosmetics and personal care products globally is driving the sodium lactate market. The factors such as a continuous increase in online beauty spending, expansion of social networks, consumers increasing interest in new and premium products, and growth in the upper-middle-class population accelerate the market growth. As per theL’Oréal 2018 annual report, the growth in the global online cosmetics sales was 25% in 2018 and the share of e-commerce in the beauty market was 12.5% in the same year.

Sodium lactate is used as a preservative enhancer and buffering agent in cosmetic products. It also acts as a bacteriostatic agent. Another prime application of sodium lactate in cosmetics and personal care products is its use as a humectant in the formulation of moisturizers, creams, lotions, and many other skincare products. According to the L’Oréal 2018 annual report, the global cosmetics market is evolving at a fast pace. The growth of the cosmetics market was 3.9% in 2015, which reached 5.5% in 2018.

Regional Analysis

India's Food and Beverage Industry: Largest User of Sodium Lactate

Asia-Pacific’s sodium lactate market is primarily driven by the burgeoning cosmetics and personal care, food and beverage, and pharmaceutical industries. India and China are the prime consumers as well as producers of sodium lactate in the region. The consumption of sodium lactate in India is high in the food and beverage sector. The growing food processing industry in India will fuel the market growth over the forecast period.

As per the data published on Invest India (a government portal), India’s food processing industry is expected to be worth over half a trillion USD by 2025. Moreover, Asia-Pacific is evolving at a fast pace in terms of the consumption of cosmetics products, owing to the increasing upper-middle-class people that are both knowledgeable and enthusiastic about cosmetic products. As per the L’Oréal 2018 annual report, Asia-Pacific accounted for the largest share in the global cosmetics market. The region held a market share of approximately 39% in the global cosmetics market and 55% in the global skincare market.

 

Report Scope

Report Metric Details
Segmentations
By Form
  1. Liquid
  2. Powder
By End-user
  1. Cosmetics and Personal Care
  2. Food and Beverage Industry
  3. Pharmaceutical Industry
  4. Healthcare
By Application
  1. Antioxidant
  2. Emulsifier
  3. Acidity Regulator
  4. Flavor Enhancer
  5. PH regulator
  6. Preservative
  7. Humectant
Company Profiles MP Biomedicals, LLC Labseeker Phion Ltd Aurora Fine Chemicals abcr GmbH Glentham Life Sciences Ltd. CambridgeChem IS Chemical Technology AK Scientific, Inc. (AKSCI) 1717 CheMall Corporation Finetech Industry Limited King Scientific TCI AMERICA AN PharmaTech
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Versatility Properties of Liquid Sodium Lactate to Drive Its Demand among the End-Users

Naturally, sodium lactate is produced in liquid form. The demand for liquid sodium lactate is high, owing to its easy dissolution in water and other products. The liquid segment accounts for more than three-fourth of the sodium lactate market share. The liquid sodium lactate has more applications compared to powder sodium lactate. Liquid sodium lactate is used as a pH regulator, acidity regulator, and humectant, among others. The liquid form of sodium lactate is more convenient to weigh and use for cosmetics and other products since only a tiny amount of sodium lactate is needed. Sodium lactate powder absorbs water from the air as it is hygroscopic. Powder form requires careful handling and storage.

Cosmetics and Personal Care Industry: Prime User of Sodium Lactate

The prime end-user industry for sodium lactate is the cosmetics and personal care industry, followed by the food and beverage industry. It is extensively used in the manufacturing of soaps, shampoos, moisturizers, and other skincare products. It is used to make a bar and liquid soaps. It also functions as a preservative enhancer and humectant in the cosmetics industry.

Market Size By Form

Top Key Players

MP Biomedicals, LLC Labseeker Phion Ltd Aurora Fine Chemicals abcr GmbH Glentham Life Sciences Ltd. CambridgeChem IS Chemical Technology AK Scientific, Inc. (AKSCI) 1717 CheMall Corporation Finetech Industry Limited King Scientific TCI AMERICA AN PharmaTech Others

Frequently Asked Questions (FAQs)

What is the growth rate for the Sodium Lactate Market?
Sodium Lactate Market size will grow at approx. CAGR of 8.2% during the forecast period.
Some of the top industry players in Sodium Lactate Market are, MP Biomedicals, LLC, Labseeker, Phion Ltd, Aurora Fine Chemicals, abcr GmbH, Glentham Life Sciences Ltd., CambridgeChem, IS Chemical Technology, AK Scientific, Inc. (AKSCI), 1717 CheMall Corporation, Finetech Industry Limited, King Scientific, TCI AMERICA, AN PharmaTech, etc.
Asia-Pacific has been dominating the Sodium Lactate Market, accounting for the largest share of the market.
The Sodium Lactate Market has seen the most substantial growth rate in .
The global Sodium Lactate Market report is segmented as follows: By Form, By End-User, By Application


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