The global sodium lactate market size was worth around USD 260.1 million in 2021 and is predicted to grow to around USD 448.6 million by 2028 with a compound annual growth rate (CAGR) of roughly 8.1% between 2022 and 2028.
FrequentlyAsked Questions
The global sodium lactate market cap may grow due to the increasing application of sodium lactate in the cosmetics and personal care industry. In addition, the increasing demand for sodium lactate to treat cardiovascular disease is another aspect that drives the market growth.
According to the Report, the global sodium lactate market size was worth around USD 260.1 million in 2021 and is predicted to grow to around USD 448.6 million by 2028 with a compound annual growth rate (CAGR) of roughly 8.1% between 2022 and 2028.
The global Sodium Lactate market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to established healthcare infrastructure and the presence of top players in the region.
The global sodium lactate market is dominated by players like Hefei TNJ Chemical Industry Co., Ltd., JUNGBUNZLAUER SUISSE AG, Foodchem International Corporation, Luoyang Longmen Pharmaceutical Co., Ltd., Corbion, Henan Jindan lactic acid Technology Co., Ltd., Loba Chemie Pvt. Ltd., Dr Paul Lohmann GmbH & Co. KGaA, JIAAN BIOTECH, Qingdao Great Biological Engineering Co., Ltd., among others.
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