The global lactates market is witnessing significant growth, driven by the rising demand for these salts across various sectors such as food, beverages, pharmaceuticals, and personal care products. Lactates, which are salts of lactic acid, are widely used for their preservative, mineral supplementation, and antimicrobial properties.
NEWARK, DE / ACCESSWIRE / November 27, 2024 / According to a Future Market Insights (FMI), the global lactate market is expected to experience significant growth, with its valuation projected to increase from USD 591.3 Million in 2024 to an impressive USD 1,251.3 Million by 2034. This reflects a compound annual growth rate (CAGR) of 7.8% over the forecast period, driven by rising demand for sustainable and environmentally friendly chemicals across multiple industries.
Lactates, organic salts derived from lactic acid, are gaining traction due to their biodegradable and non-toxic nature. Widely used in food and beverage, pharmaceutical, cosmetic, and industrial applications, lactates are being embraced as safe and eco-conscious alternatives to conventional chemicals. As global industries prioritize sustainability, the lactate market is positioned to capitalize on these shifting dynamics.
Sodium lactate is a preservative which high water retention and buffering properties, it is a preferred ingredient in food processing and personal care formulations. Safety and effectiveness in extending shelf life is making it a key component. Magnesium lactate, valued for its superior bioavailability and neutral taste, it is increasingly getting used in food supplements, beverages, and pharmaceuticals.
Zinc lactate is known for its antimicrobial properties and is predominantly used in dental care products like toothpaste and mouthwash. It has ability to obstruct dental plaque formation when combined with better bioavailability and taste compared to inorganic zinc salts.
Industry Dynamics:
The lactate market is thriving in response to increasing regulatory pressure to adopt sustainable and environmentally benign chemicals. Governments and environmental organizations worldwide are advocating for the replacement of harmful chemical compounds with eco-friendly solutions, fueling the adoption of lactates. Additionally, growing consumer awareness of product safety and environmental impact is driving demand for lactates in food preservation, skincare, and personal care ingredient formulations.
The pharmaceutical and healthcare sectors are also significantly contributing to market growth. The rising need for safe and effective excipients in drug formulations is bolstering the adoption of lactates. Furthermore, the industrial sector's transition towards greener alternatives in cleaning agents and de-icing solutions is augmenting the demand for lactate-based products.
Key Industry Highlights
Increasing Use of Lactates in Personal Care and Cosmetics Industry
The growing demand of lactates in the personal care and cosmetics industries is driven by their multifunctional benefits, particularly in the area of skin care, hair care, and soap formulations. Sodium lactate, is valued for its moisturizing and humectant properties which is making it a key ingredient in products which are designed to enhance skin hydration and elasticity.
In skincare products there is increasing use of sodium lactate in products aimed at treating dryness, eczema, and psoriasis. Its role as a pH adjustor and buffering agent further stabilizes formulations, improving product efficacy and shelf life.
Lactates are also getting used in essential in hair care, deodorants, and fragrances, where their ability to attract and retain moisture enhances overall performance. The demand for lactates in formulations is set to rise as consumers prioritize hydration, preservation, and sustainability in their beauty routines.
Legal Status of Lactates in Food, Supplements, and Cosmetics
The regulatory framework surrounding lactates such as magnesium, zinc, and sodium lactates varies globally, particularly in food, supplements, and cosmetics. In Europe, magnesium lactate is permitted in food supplements under Directive 2002/46/EC and listed in the positive list of Regulation (EC) No. 1925/2006 on food fortification.
It is also recognized in Regulation (EC) No. 609/2013 and Directive (EC) No. 2006/141 for food intended for infants and medical purposes. In the USA, magnesium lactate is self-affirmed GRAS (Generally Recognized As Safe) and permitted in food fortification, adhering to the FDA's guidelines with an allowable concentration of up to 20% of the daily value (DV) for magnesium.
It is also listed in the Codex Alimentarius as a permitted food additive for general food use following Good Manufacturing Practice (GMP) standards.
Zinc lactate have acceptance in Europe. It is listed under Regulation (EC) No. 1925/2006 for food fortification and Directive 2002/46/EC for use in food supplements. Zinc lactate is permitted in food for infants and young children under Regulation (EC) No. 609/2013 and Directive (EC) No. 2006/141.
Moreover, in cosmetics, zinc lactate is classified under Annex III of the Cosmetic Directive as a water-soluble zinc compound, with a maximum authorized concentration of 1%.
Sodium lactate is widely used as a food additive under the quantum satis principle in Europe, which allows its addition to foodstuffs without specific quantity limits unless otherwise restricted. It is classified as a generally permitted additive (E325).
In the USA, sodium lactate is affirmed GRAS by the FDA for multiple uses in food as an emulsifier, flavor enhancer, humectant, and pH control agent.. These comprehensive legal frameworks highlight lactates' broad acceptance across regions and industries, ensuring their safety and efficacy in food, supplements, and cosmetic applications.
Factors Driving Sales of Lactate:
Sustainability Initiatives: Increasing preference for biodegradable and renewable chemicals is a primary driver of lactate demand. Companies are leveraging lactates for their minimal environmental footprint and broad functionality.
Expanding Application Areas: Lactates are becoming essential in diverse sectors such as food preservation, where they enhance shelf life without compromising safety, and in cosmetics, where they serve as natural moisturizers and exfoliants.
Regulatory Push: Strict environmental policies in regions such as North America and Europe are accelerating the transition to lactates as replacements for synthetic chemicals.
Health and Wellness Trends: Consumer focus on health, safety, and sustainability has led to increased use of lactates in clean-label and natural product formulations.
Demand Analysis of Lactate:
The food and beverage industry remains the largest consumer of lactates, accounting for a significant share of global sales. Their role in food safety and shelf life extension is critical in meeting the growing demand for minimally processed and preservative-free food products.
In the pharmaceutical sector, lactates are valued for their efficacy as pH regulators and stabilizers in a wide range of medications. Meanwhile, the cosmetics industry is experiencing heightened demand for lactate-based products due to their skin-friendly properties and alignment with the clean beauty trend.
Emerging applications in the industrial and agricultural sectors also underscore the potential for lactate market expansion. As industries innovate to meet sustainability goals, lactates are expected to play a key role in eco-friendly solutions.
Key Takeaways from the Report:
The global lactate market is projected to grow at a CAGR of 7.8% from 2024 to 2034, driven by increasing adoption in sustainable applications.
Japan is anticipated to exhibit the highest growth rate at 8.9%, followed by China (8.5%) and India (8%).
The United States continues to hold a dominant share of the market, with a robust CAGR of 7.7%.
The food and beverage sector remains the largest end-user of lactates, while the pharmaceutical and cosmetics industries are emerging as lucrative growth areas.
Technological advancements in lactate production are reducing costs and improving product quality, further boosting market growth.
"The lactate market is at the forefront of a global transition towards sustainable and eco-friendly solutions. With its diverse applications across food, pharmaceuticals, cosmetics, and industrial sectors, lactate has positioned itself as a cornerstone in the green chemistry movement" - opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Future Outlook:
The lactate market is on a strong growth trajectory, fueled by its versatile applications and alignment with global sustainability goals. As industries continue to prioritize eco-conscious solutions, the demand for lactates is expected to surge across key regions and sectors.
For further insights into the lactate market, including detailed industry forecasts and competitive analysis, please visit:https://www.futuremarketinsights.com/reports/lactates-market
Growing Use of Lactates in the Food and Beverages Industry
Lactates are increasingly becoming essential ingredients in the food and beverages industry due to their functional properties that they have such as preservation, mineral fortification, and flavor enhancement.
In processed foods, lactates like sodium and potassium lactates act as natural preservatives, extending shelf life by inhibiting microbial growth. This is particularly beneficial in meat, seafood, and ready meals, where maintaining freshness is crucial.
In the beverages sector, magnesium and calcium lactates are preferred in fortified sports drinks, juices, and dairy alternatives due to their high bioavailability and neutral taste. The beverage industry, valued at over USD 1.5 trillion, increasingly seeks out lactates for electrolyte replenishment in sports and energy drinks, while lactates are also used as flavor enhancers in carbonated soft drinks and teas.
Growing trend towards healthier, fortified, and plant-based foods, lactates are playing a crucial role in improving nutritional content without compromising flavor. Their versatility across both food and beverage formulations makes them a vital component in addressing consumer demand for clean-label, high-quality products.
Regional Analysis:
Asia-Pacific is leading the global lactate market in terms of growth, with countries like Japan, China, and India driving the surge. Japan, with its strong emphasis on innovation and stringent environmental policies, is expected to achieve the highest CAGR of 8.9% during the forecast period. China follows closely with an 8.5% CAGR, supported by its expanding industrial base and government focus on sustainable manufacturing practices. India's robust growth at 8% reflects its increasing investments in the pharmaceutical and food processing sectors.
North America and Europe remain significant markets due to strict regulatory frameworks promoting sustainable alternatives. The United States, with a projected CAGR of 7.7%, is a key player, fueled by advancements in clean-label product development and consumer demand for sustainable solutions.
In contrast, Latin America and the Middle East & Africa are emerging markets, showing steady growth due to increasing industrialization and rising awareness about eco-friendly solutions.
Key Players Operating in the Industry:
Corbion N.V
Henan Jindan Lactic Acid Technology Co.,Ltd
Stepan Company
Galactic
Merck KGaA
GODAVARI BIOREFINERIES LTD
Yancheng Huade Biological Engineering Co., Ltd.
Musashino Chemical Laboratory,Ltd
Cellulac
Vertec BioSolvents Inc.
Sankyo Chemical Co., Ltd.
Junsei Chemical Co., Ltd.
Lactate Market Segmentation Analysis:
By Product Type:
Ethyl Lactate
Methyl Lactate
Butyl Lactate
Other Product Types
By Application:
Electronics
Paints and Inks
Agrochemicals
Pharmaceuticals
Food and Beverages
Other Applications
By Region:
North America
Latin America
Western Europe
South Asia and Pacific
East Asia
Middle East and Africa
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Explore Future Market Insights, Inc. Extensive Coverage in Chemicals & Materials Domain:
Global sales of acrylic acid are expected to grow at a CAGR of 4.3% from 2024 to 2034, increasing from USD 11,983 Million in 2024 to USD 18,203.4 Million by 2034.
The global paraffin wax industry is predicted to exceed USD 18253.6 Million in 2034.
The global trichloroisocyanuric acid market share is estimated to reach USD 2,141.1 Million in 2024 and is projected to grow to USD 3,622.8 Million by 2034.
The global organic fertilizer market valuation to surpass USD 15,994.2 Million in 2034.
The agricultural lubricant market size is projected to be valued at USD 507.4 Million in 2024, with a growth rate of 5.5% CAGR expected from 2024 to 2034.
The global polycarbonate sheet industry to be valued at USD 3415 Million in 2034.
The global specialty silica market revenue is estimated to surpass USD 7,809.7 Million in 2024 and is expected to grow to USD 13,214.3 Million by 2034.
The global polyvinyl chloride demand to expand at a CAGR of 3.6% from 2024 to 2034.
Driven by a CAGR of 5.8% from 2024 to 2034, the demand for oleic acid is projected to reach USD 1,126.3 Million by 2034.
The global asphalt shingle market share is estimated to reach USD 13340.1 Million in 2034.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.
View the original press release on accesswire.com
