Lactate Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Sodium Lactate, Calcium Lactate, Potassium Lactate, Magnesium Lactate, Zinc Lactate), By Form (Liquid, Powder), By Application (Beverages, Functional and Nutritional Foods, Confectionery Products, Dairy Products, Animal Feed Industry, Agriculture Industry, Personal Care and Cosmetics & Others), and Region

The global lactate market size was value US$ 673.8 million in 2023 and is projected to reach value of US$ 1,139.9 million by 2030, at a CAGR of 7.8% from 2024-2030. Lactate, also known as lactic acid is a chemical produced by the body when cells break down carbohydrates for energy, particularly during anaerobic respiration. It is commonly measured in the blood to assess various health conditions and physical performance. Elevated lactate levels may indicate tissue hypoxia, shock, sepsis, heart failure, liver disease, or certain metabolic disorders. Conversely, low lactate levels are typically considered normal but can be seen in rare conditions such as liver disease or in individuals with exceptionally high aerobic capacity.

The growth factors of the market are changing consumers lifestyle and product innovation according to consumer preference, growing adoption from the dietary supplement industries. The key challenges of the market are competition from synthetic additives, availability of alternatives may limit the growth of the market. The emerging opportunities of the market are growth in the food and beverage industry, growing demand for cosmetics and personal care products creates opportunities for lactic acid esters like ethyl lactate. The key trends of market are growing demand for lactates in pharmaceuticals, increasing demand for serum lactate testing.

Key Players

The Lactate market share is inclusive of several companies such as FBC Industries.Inc., BSA Food Ingredients, Jost Cehmical Co., American Elements, Caldic B.V., Galactic, Henan Jindan Lactic Acid Technology Co., Sigma-Aldrich, Saman Pharma Tech, Angene Chemical etc, Henan Techway Chemical Co., Ltd, Global Calcium, Lactochem Limited, Veckridge Chemical, Miles Chemical and others.

Key Takeaways

• Asia Pacific market is the dominant market in 2023.
• The North America market is expected to expand at highest CAGR from 2024 to 2030.
• Based on product type, the sodium lactate segment dominated the market in 2023.
• Based on form, liquid form has captured the highest market share.
• Based on application, the personal care and cosmetics segment has expected to dominate the market in coming forecast years.

Facts & Figures

• In 2021, LG Chem, a world-leading diversified chemical company, and ADM, a global provider of nutrition and biosolutions, signed a memorandum of understanding (MoU) to investigate US-based lactic acid production in order to meet the growing demand for a variety of plant-based products, including Lactic Acid and Polylactic Acid for Bioplastics and Other Plant-Based Solutions.

Key Developments

• In 2021, International Flavors and Fragrances (IFF) will introduce YO-MIX ViV, a lactic acid bacteria culture-based product that will be used in ambient yoghurt and other fermented drinks.

Lactate Market Segmentation

By Form: Among both forms, the liquid form is most commonly used. Liquid lactate, such as sodium lactate solution, is preferred for its ease of use in various applications, including food and beverage preservation, pharmaceuticals, and cosmetics. Its liquid form allows for better solubility and integration into different products.

By Application: Among all the applications, the growing demand of lactates in the personal care and cosmetics industries is driven by their multifunctional benefits, particularly in the area of skin care, hair care, and soap formulations. Lactates are also getting used in essential in hair care, deodorants, and fragrances, where their ability to attract and retain moisture enhances overall performance. The demand for lactates in formulations is set to rise as consumers prioritize hydration, preservation, and sustainability in their beauty routines.