Potassium lactate is a colorless, odorless liquid obtained by neutralizing lactic acid with a potassium compound. It acts as a substitute of salt for low sodium application due to similar functionalities (such as excellent moisturizing and syneresis prevention) as that of salt. It does not have any off-flavors typically associated with other potassium products. Potassium lactate has been widely used in various end-user industries, such as food & beverages, health care, personal care, and cleaner & detergents, as preservative, humectant, antioxidant, and flavoring agent. It is also used to adjust the pH level. Furthermore, potassium lactate is used as an extinguishing agent in the first alert tundra fire extinguishers. The concentration level of potassium lactate is 60%; therefore, it is added directly to the cutter or the curing pickle.
The global potassium lactate market can be segmented based on function, end-use, and region. In terms of function, the potassium lactate market can be divided into food additives, preservatives, emulsifiers, PH & acidity regulators, bulking agents, and others. Based on end-use, the potassium lactate market can be segregated into food production, cosmetics, clinical nutrition, personal care, and animal feed.
The global potassium lactate market is expected to expand significantly during the forecast period. Rise in demand for potassium lactate in the food industry is one the major factors driving the market for potassium lactate. Addition of potassium lactate in food products can prevent the growth of pathogens, due to its ability to reduce pH. Potassium lactate is used to improve the quality of food due to its excellent moisturizing effects. However, potassium lactate has not been authorized for usage in infant foods or infant formulas. It is primarily employed in meat and poultry products in order to increase food safety and shelf life. Due to its high moisturizing properties as well as buffering capacity, it is used in a wide range of personal care products such as hair care, oral care, skin care, and soap & bath products. Growth in the personal care industry is anticipated to drive the market for potassium lactate. Rise in demand for potassium lactate in the health care industry is also anticipated to boost the market for potassium lactate during the forecast period. Increase in demand for beverage products is another factor fueling market growth. Potassium lactate is preferred in the detergent industry due to its excellent moisturizing properties.
In terms of region, the potassium lactate market can be divided into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America North America primarily dominates the global potassium lactate market. The region is anticipated to maintain its dominance during the forecast period as potassium lactate is permitted in the U.S as flavoring agent in meat, poultry, and food products with no limitation other than current good manufacturing practice. The patent approval for potassium lactate for usage as additive in various food products in Europe is estimated to augment the market for potassium lactate in the region in the near future. Increasing demand for potassium lactate in pharmaceuticals and food & beverages industries in Asia Pacific and Middle East & Africa is projected to boost the market for potassium lactate during the forecast period.
Key players operating in the global potassium lactate market include FBC Industries, Inc., Qingdao Baotai Refining Chemical Co., Ltd., American Elements, Henan Jindan Lacitc Acid Technology Co. Ltd., Lab M, Jungbunzlauer, and Chongqing Bofei Biochemical products, Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.