The global lactates market is primarily characterised by the presence of a large number of regional and multinational companies. An approximate share of 45%-50% is accounted for by multinational players, and they are the key price regulators of the market. North America and Western Europe are the two main target regions owing to the increasing demand for processed food and beverages and novel and more efficient drug formulations in the pharmaceuticals industry. Multinational players such as Merck KGaA Corbion N.V., Dr. Paul Lohmann GmbH KG, Alfa Aesar GmbH & Co KG, and Jungbunzlauer SuisseAG, are focussing on either global or regional expansion to meet the rising consumer demand for lactates, and are coming up with better technology advancements to improve the quality and efficiency of their products.
Inclusion of lactates in infant formulas is one of the significant factors boosting revenue growth of the global market
In developing as well as in developed countries, a remarkable rise has been witnessed in premium brands of infant formula. One of the significant reasons behind this astonishing rise in premium brands of infant nutrition is parents’ growing concerns regarding the ingredients used in infant formulations. Such pickiness about premium brands is also possibly due to the growing per capita income and increasing purchasing power of parents. Parents these days are very health conscious and they wish to select only the best nutritional formula for their babies. All these factors are collectively responsible for the tremendous growth of the global lactates market. Recent shifts in consumer lifestyles due to growing urbanisation is also contributing to the growth of the market. Elite consumers are also contributing to the revenue growth of the overall market as they prefer to choose only premium nutritional formula. These formulas consist of potassium, magnesium and zinc, which make them nutritionally rich.
By fermenting sugar, sodium lactates can be produced and these also have noteworthy market share. Sugar that is used for fermentation is generally sourced from feedstock such as corn, wheat, and sugarcane. The raw material for this fermentation is easily available in Asia that too at a very cheap cost. As a result, the overall production cost of sodium lactates is relatively low in the Asia Pacific region. Consequently the large global production of sodium lactate has therefore been shifted to Asia and this trend is predicted to continue in the future as well. This shift of production of sodium lactates to Asia is also supported by the fact that this region has the highest consumption of salt that boosts the production of sodium lactates.
Lactates Market: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)Buy Now
Custom Market Research Services
xploreMR offers custom market reserch services that help clients to get information on their business scenario required where syndicated solutions are not enough
Why Choose XploreMR
Our analysts go above and beyond to answer your specific queries. We are with you throughout the entire journey – from initial discussion to post-purchase.
Country-wise Analysis & Forecasting
As we track markets at country-level, we are able to offer hard-to-find market intelligence in both developed and emerging countries.
High Quality At Competitive Pricing
We believe high quality market research shouldn’t be out of reach for businesses. Our competitively-priced market research reports ensure businesses of all sizes have access to quality information
A recent market study published by XploreMR on the Veneer sheets market includes the global industry analysis of 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive asse ...
Recently a market study published by XploreMR on the Polysulfide market includes the global analysis for 2016-2020 & opportunity assessment for 2021-2031, and also delivers a comprehensive assessm ...