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Lactates Market Poised to Rake in US$ 823.8 Mn by 2027

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News provided by

Future Market Insights

16 Feb, 2018, 14:30 GMT

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VALLEY COTTAGE, New York, February 16, 2018 /PRNewswire/ --

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 a 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, 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.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

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

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-2002

Global 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.

Global Lactates 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.

Global Lactates 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.

Preview Analysis on Global Lactates Market Segmentation By Form: Solid, Liquid; Application: Food and Beverages Industry: Meat and Seafood Products, Bakery, Dairy, Beverages, Others; Pharmaceutical Industry, Personal Care Industry, Animal Feed Industry, Agriculture Industry, Others; Product: Sodium Lactates, Potassium Lactates, Calcium Lactates, Magnesium Lactates, Zinc Lactates, Others: https://www.futuremarketinsights.com/reports/lactates-market

Global Lactates 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.

Global Lactates 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.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-2002

More from FMI's Food and Beverages Market Intelligence: 

  • Non Fat Dry Milk Market Segmentation By Product Type - Low-Heat, Medium-Heat, High-Heat; Sales Channel Type - Modern Trade, Traditional Grocery Store, Convenience Stores, Online Channels, Other Retail Formats, Direct Sales; Application Type - Home Reconstitutions, Dairy Whiteners, Bakery and Confectionery, Desserts, Ice-cream, Dairy Blends, Snacks, Nutritional Supplements: https://www.futuremarketinsights.com/reports/non-fat-dry-milk-market
  • Dairy Alternatives Market Segmentation by Product Type- Plain Sweetened, Plain Unsweetened, Flavoured Sweetened, Flavoured Unsweetened; Application- Cheese and Cheese Products, Creamers, Yogurt, Ice Cream and Desserts, Milk, Sauces and Dressings; Component- Protein, Starch, Vitamins, Others; Form Type- Soy Milk, Almond Milk, Oat Milk, Hemp Milk, Coconut Milk, Rice Milk, Others: https://www.futuremarketinsights.com/reports/dairy-alternatives-market
  • Textural Food Ingredients Market Segmentation By Functionality - Emulsifying Agent, Thickening Agent, Stabilising Agent, Gelling Agent; Application Type - Dairy Products and Frozen Food, Bakery and Confectionery, Sauces, Dressings, and Condiments, Beverages, Snacks and Savoury, Meat and Poultry Products, Pet Food; Type - Hydrocolloids, Starch and Derivatives, Emulsifiers; Form Type - Concentrate, Powders, Flakes: https://www.futuremarketinsights.com/reports/textural-food-ingredients-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Food and Beverages Market Insights


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