An Incisive, In-depth Analysis on the Lactates Market
This study offers a comprehensive, 360 degree analysis on the Lactates market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Lactates market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Almost half of the global lactates market is dominated by multinational giants
The global lactates market is primarily characterised 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 focussing 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.
Inclusion of lactates in infant formulas is one of the significant factors boosting revenue growth of the global market
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 urbanisation 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 market share. 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.
With increasing concerns among parents about their infant’s healthy growth, leading players in the infant formula industry are aiming to bolster innovation to offer even more nutrients through their products. This is boosting the need to introduce new ingredients in baby food products that can improve their nutritional quotient, and ultimately, triggering growth of the lactates market. Leading stakeholders are leveraging the unique nutritional values of lactic acids to launch diverse products such as calcium lactates, sodium lactates, zinc lactates, and potassium lactates. In the coming years, the demand for lactate supplements during pregnancy and lactation is expected to increase and it will influence stakeholders’ strategies to win in the lactates market.
Our latest report focusses on the global lactates market for a projected period of 10 years. To present a crystal clear picture of the market to our clients, our analysts have gone the extra mile to present detailed information about the market size, forecast, drivers, restraints, trends and opportunities of all the seven regions that have been covered in this report. Apart from regional insights, we have also given comprehensive information on the various segments and sub-segments of the market. For the better understanding of the entire market, we have divided the market based on type, end user and region. The global lactates market has been experiencing significant growth; however, it is still in its nascent stages compared to other products in the market. Suppliers are entering into long-term contract with lactates products manufacturers to avoid increase in product prices, and lactates producers are also focussing on entering into long-term contracts as it helps them sustain in the competitive global market.
Report Structure
The key part of this report is Future Market Insights’ analysis and recommendations on the global lactates market. The report takes an overview of the global lactates market. The overview mainly consists of market taxonomy which underlines factors influencing the growth of the global lactates market. The analysts have provided key strategic recommendations for both existing and new players in the market to emerge sustainably profitable. Decline or increase in prices over the forecast period is based on historic market trends; any decline or increase in prices over the forecast period is kept linear across countries. The general market scenario is assumed for lactates products sales and driving factors are assumed to develop the market forecast. The report covers the competitive landscape that provides a dashboard view of companies that manufacture and provide services in the global lactates market. The report consists of company profiles of some of the key players and a strategic overview of mergers and acquisitions along with their expansion plan across regions.
Market Segmentation
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Research Methodology
Our analysts have carried out systematic and exhaustive secondary research to obtain the required data points to arrive at the overall market numbers. The dedicated team of analysts in our food and beverages domain have listed market players across the value chain of technology developers, manufacturers, and distributors. Detailed questionnaires have been developed for each node in the value chain to extract the required market information through in-depth primary research interviews. These interviews are conducted using distinguished essential resources. The data provided in the global lactates market is validated using the triangulation method, wherein secondary and primary market data along with Future Market Insights’ independent analysis contributes to the final data. For the better understanding of the report, the data is represented using charts, info-graphics, and presentation of key findings by region that provides actionable insights and strategic recommendations to key stakeholders interested in investing in this potentially lucrative market.
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