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Global Potassium Lactate Market: By Function: Food Additives, Preservatives, Emulsifiers, pH and Acidity Regulators, Bulking Agents; By End Use: Food and Beverages, Cosmetics, Clinical Nutrition, Personal Care, Animal Feed; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Potassium Lactate Market Outlook

The global potassium lactate market is being significantly aided by the growth of the lactic acid market, as the product is primarily derived from lactic acid. The global lactic acid market reached a value of about USD 3 billion in 2019. The market is further expected to grow at a CAGR of 17% in the forecast period of 2020-2025.

 

Growing Demand from the Major End Use Industries to Aid the Potassium Lactate Market

Owing to its excellent antimicrobial action and ability to inhibit most spoilage and pathogenic bacteria, potassium lactate is commonly used in the food and beverages sector. It is added to the products to extend its shelf life and ensure food safety, such as in meat and poultry products. Potassium lactate can prevent the growth of the pathogens due to its ability to reduce the pH of the food products. The growing demand for packaged foods and changing dietary patterns are augmenting the demand for the product in the food and beverages industry. Further, it also has applications in the cosmetics and personal care industry due to its high moisturising property and buffering capacity. The rise in demand for cosmetics and personal care products is also aiding the market for potassium lactate.

Region-wise, the Asia Pacific is expected to account for a significant share in the market owing to the growing demand for personal care products, which in turn, is driving the potassium lactate industry growth. Meanwhile, North America is anticipated to witness an increased demand for the product owing to the growing consumption of packaged food products over the forecast period.

 

Potassium Lactate: Industry Definition and Segmentation

Potassium lactate refers to the potassium salt of lactic acid with the formula KC3H5O3. It is obtained through the process of neutralisation of lactic acid, which has been fermented from a sugar source. It is a liquid product often containing 60% solid content.

On the basis of function, the market is divided into:

  • Food Additives
  • Preservatives
  • Emulsifiers
  • pH and Acidity Regulators
  • Bulking Agents
  • Others

Based on end use, the industry can be segmented into:

  • Food and Beverages
  • Cosmetics
  • Clinical Nutrition
  • Personal Care
  • Animal Feed
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Thriving Food and Beverages Industry to Bolster the Market Growth of Potassium Lactate

The market is being driven by the growing food and beverages sector globally. The increasing consumption of packaged and processed food products is driving the demand for preservatives and food additives, such as potassium lactate. The growing demand for canned beverages among adults is also aiding the growth of the segment. Further, the growing awareness regarding personal hygiene, particularly in the emerging nations, is driving the demand for personal care products, thus, propelling the growth of the potassium lactate market. The other factors contributing to the market growth include the rising disposable incomes, improving standards of living, growing demand for animal feed, and increasing focus on wellness and appearance. Over the forecast period, the growing demand for potassium lactate in the healthcare sector is expected to have a positive effect on the market expansion.

 

Key Industry Players in the Global Potassium Lactate Market

The report gives a detailed analysis of the following key players in the global potassium lactate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Jungbunzlauer Suisse AG
  • American Elements
  • Lab M Limited
  • Henan Jindan Lactic Acid Technology Co., Ltd
  • Qingdao Health Food Co., Ltd.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Potassium Lactate Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Potassium Lactate Historical Market (2015-2019) 
    8.3    Global Potassium Lactate Market Forecast (2020-2025)
    8.4    Global Potassium Lactate Market by Function
        8.4.1    Food Additives
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Preservatives
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Emulsifiers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
        8.4.4    pH and Acidity Regulators
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2015-2019)
            8.4.4.3    Forecast Trend (2020-2025)
        8.4.5    Bulking Agents
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2015-2019)
            8.4.5.3    Forecast Trend (2020-2025)
        8.4.6    Others
    8.5    Global Potassium Lactate Market by End Use
        8.5.1    Food and Beverages
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Cosmetics
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Clinical Nutrition
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Personal Care
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Animal Feed
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Others
    8.6    Global Potassium Lactate Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Jungbunzlauer Suisse AG
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    American Elements
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Lab M Limited
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Henan Jindan Lactic Acid Technology Co., Ltd
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Qingdao Health Food Co., Ltd.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1    Global Potassium Lactate Market: Key Industry Highlights, 2015 and 2025
2    Global Potassium Lactate Historical Market: Breakup by Function (USD Million), 2015-2019
3    Global Potassium Lactate Market Forecast: Breakup by Function (USD Million), 2020-2025
4    Global Potassium Lactate Historical Market: Breakup by End Use (USD Million), 2015-2019
5    Global Potassium Lactate Market Forecast: Breakup by End Use (USD Million), 2020-2025
6    Global Potassium Lactate Historical Market: Breakup by Region (USD Million), 2015-2019
7    Global Potassium Lactate Market Forecast: Breakup by Region (USD Million), 2020-2025
8    North America Potassium Lactate Historical Market: Breakup by Country (USD Million), 2015-2019
9    North America Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2020-2025
10    Europe Potassium Lactate Historical Market: Breakup by Country (USD Million), 2015-2019
11    Europe Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2020-2025
12    Asia Pacific Potassium Lactate Historical Market: Breakup by Country (USD Million), 2015-2019
13    Asia Pacific Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2020-2025
14    Latin America Potassium Lactate Historical Market: Breakup by Country (USD Million), 2015-2019
15    Latin America Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2020-2025
16    Middle East and Africa Potassium Lactate Historical Market: Breakup by Country (USD Million), 2015-2019
17    Middle East and Africa Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2020-2025
18    North America Historical Price Trends and Forecast 2015-2025
19    Europe Historical Price Trends and Forecast 2015-2025
20    Asia Pacific Historical Price Trends and Forecast 2015-2025
21    Latin America Historical Price Trends and Forecast 2015-2025
22    Middle East and Africa Historical Price Trends and Forecast 2015-2025
23    Global Potassium Lactate Market Structure

Key Questions Answered in the Report

In 2019, the global lactic acid market attained a value of nearly USD 3 billion.

The lactic acid market is projected to grow at a CAGR of 17% between 2020 and 2025.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand from the food and beverages and cosmetics sector, product’s favourable properties, and the increasing consumption of packaged and processed food products, are expected to aid the market growth.

The key trend guiding the growth of the market includes the growing applications of the product in the healthcare sector.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading functions of potassium lactate in the industry are food additives, preservatives, emulsifiers, pH and acidity regulators, and bulking agents, among others.

The major end use sectors in the industry are food and beverages, cosmetics, clinical nutrition, personal care, and animal feed, among others.

The major players in the industry are Jungbunzlauer Suisse AG, American Elements, Lab M Limited, Henan Jindan Lactic Acid Technology Co., Ltd, and Qingdao Health Food Co., Ltd., among others.

Analyst Review

The global potassium lactate market is being driven by the rising demand from its end use sectors. The market is also being supported by the growth of the lactic acid market, which attained a value of USD 3 billion in 2019. The lactic acid market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 17%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on function, the market can be segmented into food additives, preservatives, emulsifiers, pH and acidity regulators, and bulking agents, among others. On the basis of end use, the industry can be divided into food and beverages, cosmetics, clinical nutrition, personal care, and animal feed, among others. The major regional markets for potassium lactate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Jungbunzlauer Suisse AG, American Elements, Lab M Limited, Henan Jindan Lactic Acid Technology Co., Ltd, and Qingdao Health Food Co., Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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