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Global Potassium Lactate Market Size, Growth, Analysis: By Function: Food Additives, Preservatives, Emulsifiers, pH and Acidity Regulators, Bulking Agents, Others; By End Use: Food and Beverages, Cosmetics, Clinical Nutrition, Personal Care, Animal Feed, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
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 4.81 billion in 2023. The market is further expected to grow at a CAGR of 17% in the forecast period of 2024-2032.
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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.
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Potassium Lactate: Market 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.
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Function |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 Global Potassium Lactate Market Analysis
8.1 Key Industry Highlights
8.2 Global Potassium Lactate Historical Market (2018-2023)
8.3 Global Potassium Lactate Market Forecast (2024-2032)
8.4 Global Potassium Lactate Market by Function
8.4.1 Food Additives
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Preservatives
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Emulsifiers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 pH and Acidity Regulators
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Bulking Agents
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Potassium Lactate Market by End Use
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cosmetics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Clinical Nutrition
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Personal Care
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Animal Feed
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Potassium Lactate Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Potassium Lactate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Potassium Lactate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Potassium Lactate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Potassium Lactate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Potassium Lactate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Jungbunzlauer Suisse AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 American Elements
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Lab M Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Henan Jindan Lactic Acid Technology Co., Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Qingdao Health Food Co., Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
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 Key Figures and Tables
1 Global Potassium Lactate Market: Key Industry Highlights, 2018 and 2032
2 Global Potassium Lactate Historical Market: Breakup by Function (USD Million), 2018-2023
3 Global Potassium Lactate Market Forecast: Breakup by Function (USD Million), 2024-2032
4 Global Potassium Lactate Historical Market: Breakup by End Use (USD Million), 2018-2023
5 Global Potassium Lactate Market Forecast: Breakup by End Use (USD Million), 2024-2032
6 Global Potassium Lactate Historical Market: Breakup by Region (USD Million), 2018-2023
7 Global Potassium Lactate Market Forecast: Breakup by Region (USD Million), 2024-2032
8 North America Potassium Lactate Historical Market: Breakup by Country (USD Million), 2018-2023
9 North America Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2024-2032
10 Europe Potassium Lactate Historical Market: Breakup by Country (USD Million), 2018-2023
11 Europe Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2024-2032
12 Asia Pacific Potassium Lactate Historical Market: Breakup by Country (USD Million), 2018-2023
13 Asia Pacific Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2024-2032
14 Latin America Potassium Lactate Historical Market: Breakup by Country (USD Million), 2018-2023
15 Latin America Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2024-2032
16 Middle East and Africa Potassium Lactate Historical Market: Breakup by Country (USD Million), 2018-2023
17 Middle East and Africa Potassium Lactate Market Forecast: Breakup by Country (USD Million), 2024-2032
18 North America Historical Price Trends and Forecast 2018-2032
19 Europe Historical Price Trends and Forecast 2018-2032
20 Asia Pacific Historical Price Trends and Forecast 2018-2032
21 Latin America Historical Price Trends and Forecast 2018-2032
22 Middle East and Africa Historical Price Trends and Forecast 2018-2032
23 Global Potassium Lactate Market Structure
Key Questions Answered in the Report
In 2023, the global lactic acid market attained a value of nearly USD 4.81 billion.
The lactic acid market is projected to grow at a CAGR of 17% between 2024 and 2032.
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 4.81 billion in 2023. The lactic acid market is expected to witness a further growth in the forecast period of 2024-2032, 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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