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Lactate Salts Market Share

Report ID: GMI5030
Published Date: Apr 2021
Report Format: PDF

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Lactate Salts Market Share

The lactate salts industry is a highly competitive market and technology plays an important role in gaining market share. Prominent players operating in the lactate salts industry include

Dr. Paul Lohmann GmbH & Co.
KGaA
JungbunzLauer
Corbion N.V.
Ikigai Corporation
Galactic
Jindal Europe
Showa Kako Corporation.

Industry players are extensively investing in R&D operations to gain a competitive edge over other companies i.e., funding new researches.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Lactate salts market revenue was recorded at USD 291.3 million in 2020 and will grow at 9/6% CAGR through 2027 owing to increasing demand for cosmetic & personal hygiene products.

The overall market share from calcium lactate will surpass USD 340 million through 2027 driven by its across cosmetic, food and pharmaceutical industries.

Food and beverages segment will hold more than 60% of market share owing to increasing demand for lactate salts in developing economies.

Asia Pacific will grow at a CAGR of 9% through 2027 owing to its increasing usage in cosmetic, pharmaceutical and food sectors.