Industry Background:
Potassium Lactate is a compound produced by neutralizing lactic acid which is fermented from a sugar source. It is the potassium salt of lactic acid. It is widely used as a preservative in the food and beverage industry. The use of Potassium Lactate offers control against many pathogens found in refrigerated food products. It has high moisturizing properties which help find its application in the cosmetic industry. It also acts as a substitute for salt in low sodium food products.This growth is primarily driven by Increasing Demand for Packaged Food and Beverage Products
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies in Study | Malabar Super Spice Co. Ltd. (Canada), Chongqing Bofei Biochemical products, Ltd. (China), FBC Industries, Inc. (United States), American Elements (United States), Jungbunzlauer Suisse AG, Basel (Switzerland), Hawkins (United States), Musashino Chemical Laboratory, Ltd. (Japan), Corbion N.V (Netherland), Lab M (United Kingdom), Qingdao Baotai Refining Chemical Co., Ltd. (China) and Henan Jindan Lacitc Acid Technology Co. Ltd. (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Vendors, such as Malabar Super Spice Co. Ltd. (Canada), Chongqing Bofei Biochemical products, Ltd. (China), FBC Industries, Inc. (United States), American Elements (United States), Jungbunzlauer Suisse AG, Basel (Switzerland), Hawkins (United States), Musashino Chemical Laboratory, Ltd. (Japan), Corbion N.V (Netherland), Lab M (United Kingdom), Qingdao Baotai Refining Chemical Co., Ltd. (China) and Henan Jindan Lacitc Acid Technology Co. Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2016, Corbion N.V has acquired the lactic acid business of Archer Daniels Midland (ADM), a Delaware corporation. ADM has attractive positions in the North American lactic acid market. The acquisition will further strengthen Corbion's position in this market.
Regulatory Insights:
Food additives are regulated in Canada under the Food and Drug Regulations and associated Marketing Authorizations (MAs). The results of Health Canada's evaluation of available data support the safety and efficacy of both potassium lactate and sodium lactate when used for this purpose on these foods. and Potassium lactate is affirmed as GRAS at 21 CFR 184.1639 for use in food with no limitation other than current good manufacturing practice. However, the FDA does not authorize its use in infant foods and formulas.
Market Drivers
- Increasing Demand for Packaged Food and Beverage Products
- Consumer Awareness Regarding Beauty and Health Care Products
- Increase Shelf Life in a Wide Range of Meat and Poultry Products
Market Trend
Restraints
- Stringent Government Regulations Regarding Food Safety
Opportunities
Growing Demand from Emerging Economies Owing To Benefits by Potassium Lactate
Challenges
Availability of Substitute Products
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Potassium Lactate Study Sheds Light on
The Potassium Lactate Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Potassium Lactate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Potassium Lactate industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.