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Global Lactates Market Prospects & Upcoming Trends and Opportunities Analysed for 2027

Jan 25th 2019 at 3:50 AM

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Lactates Market Prospects & Upcoming Trends and Opportunities Analysed for 2027”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Global Lactates Market. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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The global lactates market is primarily characterized 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 focusing 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.

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 urbanization 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 markets.

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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.

The quality of adjusting acidity in a human body makes potassium lactates exhibit higher growth in the global lactates market

With a robust CAGR of 5.1%, the potassium lactates segment in the global lactates market is expected to exhibit the highest growth during the period of forecast. The potassium lactate segment is expected to exhibit 1.5X growth during the period of assessment. This growth can be attributed to the quality of the salt and its use as a preservative in meat and other poultry products. However, owing to the wide range of applications in drugs and food & beverages, the calcium segment captures the highest market share, and will retain its dominant position in the next 10 years. The calcium lactate segment is expected to exhibit 1.6X growth in terms of value over the forecast period.

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