Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Research Reports

World Lactates Market Share by 2027: Upcoming Trends and Analysis

Published by mark itwired

Posted on September 8, 2021

Featured image for article about Research Reports

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,

Global Lactates Market: Factors Impacting Revenue Growth

Sustainable demand for lactic salts in anti-ageing and premium cosmetic formulations
Increasing consumption of lactates in the oral care industry
Growth in the mineral industry in Asia Pacific is an indirect driver for lactates market growth
Increasing demand for calcium salts in the treatment of osteoporosis
Rise in healthcare expenditure in the Middle East & Africa
Expansion of production capacity to enhance the sales prospects of lactates

Market: Forecast by Application

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

Market: Forecast by Form

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.

Market: Forecast by Product Type

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.

Market: Forecast by Region

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.

Market: Key Players

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.