Sodium Lactate Market Expected to Reach USD 0.6564 Billion by 2032 | Growing at a CAGR of 8.5%

Market Research Future (MRFR) has published a latest research report on the “Global Sodium Lactate Market” that contains information from 2018 to 2032. The Sodium Lactate market is estimated to register a CAGR of 8.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Sodium Lactate market— Jungbunzlauer Suisse AG, Galactic, Finetech Industry Limited, Biosynth Carbosynth, Finoric LLC, Glentham Life Sciences Ltd., TNJ Chemical Industry Co. Ltd., Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co. Ltd., BBCA Biochemical Co., Ltd., Prathista Industries Limited, Corbion N.V., and Merck KGaA.

Sodium Lactate Market Highlights

The global Sodium Lactate market is accounted to register a CAGR of 8.50% during the forecast period and is estimated to reach USD 0.6564 billion by 2032.

The increasing humanization of pets has driven owners to seek pet food options that resemble their diets, emphasizing real meat and wholesome ingredients. Sustainability concerns have also played a role, with pet owners favoring brands that focus on ethical sourcing and environmentally friendly practices. The rise of e-commerce and online shopping has provided convenient access to a wide range of Sodium Lactate options, enabling consumers to explore different brands and make informed choices for their pets. As a result, the Sodium Lactate market is expected to continue its upward trajectory in response to evolving consumer preferences and values.

Segment Analysis

The global Sodium Lactate market has been segmented based on Form and Application

Based on Form, the global Sodium Lactate market has been segmented into Powder and Liquid. The Liquid segment was expected to hold the largest market share in 2022. An excellent opportunity is presented by the growing use of sodium lactate in pharmaceutical applications.

Based on Application, the global Sodium Lactate market has been segmented into Cosmetics, Pharmaceuticals, and Food & Beverages, Others. The Cosmetic segment was anticipated to hold the major market share in 2022. The industry's overall growth is attributed to several factors, including rising standards of living, urbanization, growing disposable income, and growing awareness of personal hygiene.

Regional Analysis

The global Sodium Lactate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Sodium Lactate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Sodium Lactate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Sodium Lactate market comprises of Middle East, Africa, and Latin America.

The largest market share for Sodium Lactate was maintained by the North American regional sector. This dominance is a result of the pharmaceutical industry's growing need in the region. North America is home to some of the world's largest pharmaceutical and healthcare industries. Furthermore, several regulatory agencies, such as the US FDA and Health Canada, as well as the CODEX Alimentarius "International Food Standard" endorse the use of sodium lactate in the field.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is the hub of the personal care and cosmetics sector. This is causing an increase in the region's demand for these industries. As the product is used in the aforementioned industries, demand for it is anticipated to increase. Additionally, the UK sodium lactate market was growing at the fastest rate in the European region, while the German sodium lactate market held the largest market share.

Additionally, the Sodium Lactate Market of the APAC is anticipated to grow at the fastest CAGR. This is because the Asia Pacific region is predicted to grow due to rising demand from end-use sectors like food and beverage, cosmetics, and pharmaceuticals. In addition, the sodium lactate market in China had the biggest market share, while the sodium lactate market in India had the fastest rate of growth in the Asia-Pacific area.

Furthermore, the rest of the world's Sodium Lactate market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the rising personal care cosmetic industry and pharmaceutical industry.

Key Findings of the Study

• The global Sodium Lactate market is expected to reach USD 0.6564 billion by 2032, at a CAGR of 8.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the rising personal care cosmetic industry and pharmaceutical industry.


• Based on Form, the dog segment was attributed to holding the largest market in 2022, with an approximate market share of 75%.


• Jungbunzlauer Suisse AG, Galactic, Finetech Industry Limited, Biosynth Carbosynth, Finoric LLC, Glentham Life Sciences Ltd., TNJ Chemical Industry Co. Ltd., Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co. Ltd., BBCA Biochemical Co., Ltd., Prathista Industries Limited, Corbion N.V., and Merck KGaA.