As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural and safe food preservative and flavor enhancer. Over the projection period, sales in the sodium lactate industry are expected to increase at a CAGR of 8.9%. The industry is predicted to be valued at USD 165 million in …
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Sodium Lactate Market Forecast: 8.9% CAGR Expected as Demand Soars for Natural Food Additives and Pharmaceutical Solutions
Over the projection period, sales in the sodium lactate industry are expected to increase at a CAGR of 8.9%. The industry is predicted to be valued at USD 165 million in 2023 and USD 390 million by 2033. As consumers increasingly seek clean-label products, there is a growing opportunity for sodium lactate as a natural …
Sodium Lactate Market expected to reach US$ 368.3 Mn by 2031, Says FMI Analyst
Sodium lactate find extensive applications in the food & beverage industry, pharmaceutical and cosmetic and personal care products owing to its superior properties and cost-effective nature. As per a new study by Future Market Insights (FMI), the demand for sodium lactate will increase by 8.8% between 2021 and 2031. Focus on reducing the cost of production …
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