Lactate Salts Market projected to surpass $550 million by 2027, Says Global Market Insights Inc.
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Monday, April 19, 2021
b'SELBYVILLE, Del., April 19, 2021 /PRNewswire/ --Based on Global Market Insights Inc., report, the global Lactate Salts Market was estimated at $291.3 million in 2020 and is slated to exceed $550 million by 2027, registering a CAGR of 9.6% from 2021 to 2027.
Key Points:
- b'SELBYVILLE, Del., April 19, 2021 /PRNewswire/ --Based on Global Market Insights Inc., report, the global Lactate Salts Market was estimated at $291.3 million in 2020 and is slated to exceed $550 million by 2027, registering a CAGR of 9.6% from 2021 to 2027.
- Sodium lactate is a fluid salt, which is naturally extracted from sugar through the fermentation of beets and corns.
- The growing use of sodium lactate in the cosmetic market will further drive the demand for sodium lactate over the projected period.\nThe aging population and increased healthcare spending are driving market players to invest in R&D.
- Major lactate salts industry players include Jungbunzlauer, Corbion N.V., Jindan Europe, Ikigai Corporation, Galactic, Dr Paul Lohmann GmbH & Co., KGaA, and Musashino Chemical Laboratory Ltd., among others.\nAbout Global Market Insights Inc.\nGlobal Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider.