As per a recent survey by insightSLICE, Global sodium lactate market size is expected to reach USD 371.3 million by 2031, exhibiting a CAGR of 8.3% during the forecast period 2021-2031. Sodium lactate is a salt acquired from killing lactic acid, which is created by fermentation process of sugar source like beet and corn. It has gentle saline taste and the substance formula is NaC3H5O3. The enterprises, for example, food and drug are expanding exponentially. These businesses require sodium lactate on commercial scale, attributable to its use as an additive and a pH controller. This factor fundamentally contributes to the development of the worldwide sodium lactate market.
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Competitive Landscape
Some of the major players in the Sodium Lactate market are FINETECH INDUSTRY, abcrGmbh, TCI Chemicals (India), Phion Ltd, Ak Scientific, 1717 CheMall Corporation, MP Biomedicals, King Scientific, Aurora Fine Chemicals, Labseeker, Glentham Life Science, IS Chemical Technology, An Pharma Tech, and Others.
Players in the Sodium Lactate market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Sodium Lactate market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Sodium Lactate market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
Segmentation Overview:
Based on form
Based on application
Based on End use
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The Sodium Lactate Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the market.
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insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions.
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