Sodium Lactate Market Size Is Expected To Reach USD 516.5 Million By 2030
Posted by Neha Bora on September 26th, 2022
San Francisco, 26 Sep 2022: The Report Sodium Lactate Market Size, Share & Trends Analysis Report By Form (Powder, Liquid), By Application (Cosmetics, Pharmaceuticals, Food & Beverages), By Region, And Segment Forecasts, 2022 - 2030
The global sodium lactate market is expected to reach USD 516.5 million by 2030, registering a CAGR of 8.0% from 2022 to 2030, as per a new report by Grand View Research, Inc. The growth is majorly driven by increasing demand for the product from industries such as personal care and cosmetics, globally.
Sodium lactate is extensively used in food & beverages as an effective preservative as well as a pH regulator. The world is experiencing a surge in the global demand for natural and harmless food additives and preservatives. This is one of the major factors for the growth of the global market. Regulatory bodies like Health Canada, U.S. Food & Drug Administration have accepted the use of sodium lactate as a natural, harmless food additive.
These products are majorly used in the cosmetic industry. It helps to maintain the pH levels, acts as a moisturizer, and helps in removing dead cells from the skin. The product possesses a keratolytic effect. In simple words, it means that the product helps in removing dead skin cells. Due to these factors, the overall market growth of sodium lactate, especially in the cosmetic industry is poised to increase.
Amid the COVID-19 global pandemic, when many industries were forced to shut down their offices, manufacturing plants, and production facilities, giving rise to negative growth in nearly every sector of the economy, the market witnessed a positive growth rate due to its application in the pharmaceutical and personal care industries.
Access Research Report of Sodium Lactate Market @ https://www.grandviewresearch.com/industry-analysis/sodium-lactate-market-report
Sodium Lactate Market Report Highlights
List of Key Players of Sodium Lactate Market
Access Press Release of Sodium Lactate Market @ https://www.grandviewresearch.com/press-release/global-sodium-lactate-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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