Lactate is naturally derived from fermentation of Lactic Acid. The Lactate is possess of antioxidant properties and can develop bacterial stability with when mixed with full spectrum preservatives.
According to the report generated by Future Market Insights on global lactates market, the market is anticipated to expand at moderate single-digit CAGR throughout the forecast period (2017-2027) to reach market valuation of approximately US$ 820 Mn by the end of forecast period, up from valuation of nearly US$ 520 Mn in the year 2017.
Increasing demand for lactates in bakery as preservatives as well as rising demand for lactates in dietary supplements are several driving factors fueling the growth of the global lactates market throughout the forecast period.
What are the factors influencing the growth of the market?
- Rising consumption of lactates in oral care industry
- Growing demand for calcium salts in treatment of osteoporosis
- Growth of manufacturing capacity to increase sales of lactates
- Sustainable demand for lactic salts in premium and anti-ageing cosmetic formulations
- Expansion in the mineral industry in APAC region is an indirect factor propelling growth of the market
- Increase in healthcare expenditure in the Middle East and Africa region
The applications of lactates in the beverage industry is anticipated to expand gradually over the forecast period. The growth of the market has been attributed to rise in consumer demand for micronutrients in several drinks such as powered beverages, juices and read-to-drink premixes. Consequently, the food and beverage segment creates the largest market share in terms of both volume and value and is anticipated to remain dominant in the global market for lactates.
In terms of value and volume, the liquid segment is anticipated to witness expansion at highest CAGR throughout the assessment period. The segment had reached a valuation of approximately US$ 188 Mn in the year 2017 and is projected to reach valuation of US$ 313 Mn by the end of 2027. The segment is estimated to expand at 5.2% CAGR over the forecast period.
What is the performance of global lactates market across the globe?
The market in the APEJ region is anticipated to reflect highest market growth in terms of volume throughout the forecast period and is closely followed by Japan. On the other hand, in terms of both volume and value, the MEA creates smallest market share and is anticipated to expand steadily over the assessment period. The market in the North America is slated to retain its dominance in the global market for lactates during the assessment period.
What are the leading players operating in the global lactates market?
The report forecasts several leading market players contributing more to the growth of the lactates market include, Magnesia GmBh, Corbion N.V., Seidler Chemical Co, Inc., Prathista Industries Limited, Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), FBC Industries, Inc., Galactic s.a., Global Calcium Private Limited, Henan Jindan Lactic Acid Technology Co., Ltd, American Elements, Pfanstiehl, Inc., ISALTIS, Dr. Paul Lohmann GmbH KG, Jungbunzlauer SuisseAG, Musashino Chemical Laboratory, Ltd., Jost Chemical Co., Zhengzhou Tianrun Lactic Acid Co., Ltd., Caldic B.V., BSA Inc., and Merck KgaA. The report also reveals strategies of these players to remain at the pole position in the market over the assessment period.
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