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Potassium Lactate Market growth is driven by strong application trends in food & beverages segment

Author : Ronak Bora | Published Date : 2019-04-08 

Global Market Insights, Inc. recently introduced new title on 2017-2024 Potassium Lactate Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

Global Potassium Lactate Market size is likely to register significant gains between 2017 and 2024. Growth of the compound is attributed to its multiple applications in varied end-user industries such as detergents & cleaners, personal care, health care, food & beverages as a flavoring agent, antioxidant, humectant, and as a preservative.

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Potassium lactate is used widely in food & beverage industry as a preservative. It restricts the growth of pathogens in food products owing to its capability of reducing PH level. Its appreciable moisturizing effects is used to enhance the food quality. It acts as a salt substitute in low sodium application as it depicts properties similar to salt such as syneresis prevention and better moisturizing. Other features of the product used in food application are antioxidant and texture & flavor enhancer. Ever increasing packaged food & beverage demand owing to fast life and whim amongst youngsters is anticipated to boost potassium lactate market in the forecast timeframe.

However, potassium lactate is not advisable for the usage in infant formulas and their food. Usage amount of the compound is regulated by certain standards such as standard E-36. This can pose hurdle to new entrants and thus hamper potassium lactate market in near future.

Based on the properties, the market is segmented as food preservative, extinguishing agent, antioxidant, humectant, emulsifier, moisturizing agent, and seasoning agent. The compound is used in the end-user industries such as cosmetics, food & beverages, health care, and fire protection.

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Asia Pacific has a significant share in global potassium lactate market owing to its developing cosmetics industry. Thailand, Philippines and Australia are registering substantial gains in personal care, beauty care, skin care, oral care and hair care products. Further pickle is prepared widely in India that surges consumption of the compound as a preservative. North America is a worldwide recognized market for packed food & beverages. These products require food additives to add flavor, increase shelf life, and maintain quality of the food.

Key industry players in the market include Chongqing Bofei Biochemical products, Jungbunzlauer, Lab M, Henan Jindan Lacitc Acid Technology, American Elements, Qingdao Baotai Refining Chemical, and FBC Industries.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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