Sodium Stearoyl-2-Lactylate Market: Overview
Food additives are the certain type of chemicals prepared with some natural or synthetic ingredients. Such food additives are used to enhance taste and other qualities of a particular food item. Sodium stearoyl-2-lactylate (sodium stearoyl lactylate or SSL) is one such versatile, FDA approved food additive that is used to enhance the mixability and volume of processed foods. Sodium stearoyl-2-lactylate is commercially available lactylate. It does carry various properties such as when mixed, it helps to strengthen dough, mixes liquids and oils together, and it can even replace some fat and sugar. Sodium stearoyl-2-lactylate is used in a variety of commercially baked goods and processed foods, including bread, sour cream, salad dressings, soups, cheese products, crackers, cookies, and puddings. Sodium stearoyl-2-lactylate is least harmful for human consumption as it is non-toxic, biodegradable, and typically manufactured using bio-renewable feedstock. With an increase in demand and subsequent consumption of processed foods, the market of sodium stearoyl-2-lactylate is expected to register healthy CAGR over the forecast period.
Sodium Stearoyl-2-Lactylate Market: Drivers and Restraints
The primary factor for the growth of Sodium Stearoyl-2-Lactylate is its significant use in processed food. Present time has been exhibiting a scenario where working class travels long distances for work and job purpose. With less time, available for preparation of food and other activities for individuals, people are switching to processed foods. Increase in FDI, opening up of modern format of retail stores are other factors which are growing the processed foods market which ultimately impacting the sodium stearoyl-2-lactylate market. Health concerns of individuals and food manufacturers untiring effort to meet customers' demand for the food products which are less harmful for consumption are making them manufacture products which are the substitutes for various fat and sugars, thereby helping Sodium stearoyl-2-lactylate market to grow. With such a move, Sodium stearoyl-2-lactylate not only helping in the manufacturing of healthy food but also lowering the cost of manufacturing.
Sodium Stearoyl-2-Lactylate is not harmful for human consumption unless it is not in pure chemical form
Based on the sales channel, Sodium Stearoyl-2-Lactylate market can be segmented into:
Global Sodium Stearoyl-2-Lactylate Market: Regional Outlook
Based on the geographic regions, global Sodium Stearoyl-2-Lactylate market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, APEJ will dominate the Sodium Stearoyl-2-Lactylate market over the forecast period. The countries such as China, India, and South Korea will be the key contributor to the growth of Sodium Stearoyl-2-Lactylate market. Presence of a huge population and various food industries to meet such a huge population’s demand is the key factor for growth of sodium stearoyl-2-lactylate market in APEJ region. North America and Western Europe region will come next to APEJ with respect to growth of Sodium Stearoyl-2-Lactylate market. Even though they are next to APEJ for Sodium Stearoyl-2-Lactylate market but this region is the first movers in using Sodium Stearoyl-2-Lactylate for manufacturing of various food products. In Eastern Europe, the market of Sodium Stearoyl-2-Lactylate has also gathered momentum with establishments of various food industries. MEA is also a prominent market for Sodium stearoyl-2-lactylate market owing to the presence of various food industries. Latin America is also expected to perform well in sodium stearoyl-2-lactylate market. Japan has also a wide range of various food industry that caters to the demand of young Japanese population; such industry provides the necessary scope for growth of sodium stearoyl-2-lactylate market.
Sodium Stearoyl-2-Lactylate: Key Players
The major players identified in the global Sodium Stearoyl-2-Lactylate derivatives market includes:
- B. ENTERPRISE
- Foodchem International Corporation
- Estelle Chemicals Pvt. Ltd.
- Parchem fine & specialty chemicals.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.