Research Reports
World Lactates Market Share by 2027: Upcoming Trends and Analysis
World Lactates Market Share by 2027: Upcoming Trends and Analysis
Published by mark itwired
Posted on September 8, 2021
Global Banking and Finance Review
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Published by mark itwired
Posted on September 8, 2021
The global lactates market was valued at US$ 520.1 Mn in 2017 and is projected to be valued at US$ 823.8 Mn by 2027 end. Sales revenue is expected to increase at a CAGR of 4.7% during the forecast period i.e., between 2017 and 2027. Growing demand for lactates as preservatives in bakery products and increasing demand for lactates in dietary supplements are some of the driving factors behind the growth of the global market for lactates
According to the latest publication by Future Market Insights titled “Lactates Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the North America regional market represents a relatively higher value share for beverages and dairy products and subsequent high usage of lactates as additives. The lactates market in this region is expected to witness steady growth in the coming decade. According to the forecast presented in the report,
On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally. This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently, the food & beverage segment makes up the highest market share both in terms of value and volume and will retain its dominant position over the forecast period.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-2002
On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.
On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.
In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume and will retain its dominant position over the forecast period.
Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.
The post World Lactates Market Share by 2027: Upcoming Trends and Analysis first appeared on Market Research Blog.
The global lactates market was valued at US$ 520.1 Mn in 2017 and is projected to be valued at US$ 823.8 Mn by 2027 end. Sales revenue is expected to increase at a CAGR of 4.7% during the forecast period i.e., between 2017 and 2027. Growing demand for lactates as preservatives in bakery products and increasing demand for lactates in dietary supplements are some of the driving factors behind the growth of the global market for lactates
According to the latest publication by Future Market Insights titled “Lactates Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” the North America regional market represents a relatively higher value share for beverages and dairy products and subsequent high usage of lactates as additives. The lactates market in this region is expected to witness steady growth in the coming decade. According to the forecast presented in the report,
On the basis of application, the global lactates market is segmented into food & beverages, pharmaceuticals, personal care, animal feed, agriculture, and others. The application of lactates in beverages is estimated to increase globally. This is attributed to increased consumer demand for micronutrients in drinks such as juices, ready-to-drink premixes, and powdered beverages. Consequently, the food & beverage segment makes up the highest market share both in terms of value and volume and will retain its dominant position over the forecast period.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-2002
On the basis of form, the global lactates market is segmented into solid and liquid segments. In terms of value and volume, the liquid segment is expected to exhibit the highest growth over the forecast period. In 2017, the liquid segment was valued at US$ 188.1 Mn, which is expected to reach US$ 313.7 Mn by 2027, expanding at a CAGR of 5.2% during the projected period.
On the basis of product type, the global market for lactates is segmented into Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates and Others. Sodium Lactates and Zinc Lactates captured equal revenue share in the year 2017 and will witness relatively good growth during the forecast period.
In terms of volume, APEJ is expected to exhibit the highest growth during the period of study, closely followed by Japan. On the other hand, MEA makes up the smallest market share, both by value and volume, and is expected to grow steadily over the forecast period. North America is expected to account for the highest market share both in terms of value and volume and will retain its dominant position over the forecast period.
Corbion N.V., Merck KgaA, Seidler Chemical Co, Inc., Alfa Aesar GmbH & Co KG (Thermo Fisher Scientific Inc.), Caldic B.V., FBC Industries, Inc., Global Calcium Private Limited, Musashino Chemical Laboratory, Ltd., Henan Jindan Lactic Acid Technology Co., Ltd, Pfanstiehl, Inc., Jungbunzlauer SuisseAG, ISALTIS, American Elements, Dr Paul Lohmann GmbH KG, Jost Chemical Co., Galactic s.a., Zhengzhou Tianrun Lactic Acid Co., Ltd., BSA Inc., Prathista Industries Limited and Magnesia GmBh are some of the leading companies profiled in the report.
The post World Lactates Market Share by 2027: Upcoming Trends and Analysis first appeared on Market Research Blog.
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