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Sodium Stearoyl Lactate Market Size

  • Report ID: GMI10988
  • Published Date: Aug 2024
  • Report Format: PDF

Sodium Stearoyl Lactate Market Size

Sodium Stearoyl Lactate Market size was valued at USD 315.1 million in 2023 and is projected to expand at over 7.5% CAGR from 2024 to 2032. The market centers on the production and application of this emulsifier and stabilizer across diverse sectors, such as food and beverages, cosmetics, and pharmaceuticals. Derived from lactic and stearic acids, sodium stearoyl lactate enhances product texture, stability, and shelf-life. According to the U.S. Food and Drug Administration (FDA), sodium stearoyl lactate is approved for use in food products as an emulsifier and stabilizer. Its applications span baked goods, personal care items, and medical formulations.

 

Market opportunities arise from the surging demand for clean-label products, the expanding cosmetic and personal care sectors, and a growing consumer preference for natural and effective emulsifiers. Additionally, expansion in emerging markets bolsters this growth potential. The U.S. Department of Commerce's International Trade Administration reports that the global cosmetics market is projected to grow at a compound annual growth rate (CAGR) of 5.3% from 2021 to 2026, which supports the increasing demand for emulsifiers like sodium stearoyl lactate.
 

The sodium stearoyl lactate market is primarily driven by two factors such as the surging demand for clean-label and natural ingredients in food and personal care products, and the robust growth of the cosmetics and personal care industries. According to the U.S. Department of Agriculture (USDA), the demand for organic food products has grown by 12% annually over the past five years, reflecting consumers' preference for simpler and more transparent ingredient lists. This trend boosts the demand for sodium stearoyl lactate as a natural emulsifier and stabilizer.

 

Furthermore, the U.S. Bureau of Economic Analysis (BEA) reports that the cosmetics sector has seen a 7% annual growth rate, driven by heightened beauty standards and continuous product innovation. This expansion amplifies market growth as sodium stearoyl lactate plays a pivotal role in enhancing the texture and stability of various personal care formulations.
 

The sodium stearoyl lactate market grapples with two primary challenges such as regulatory constraints and fierce competition. Stringent regulatory requirements surrounding ingredient safety and labeling can influence both the production and marketability of sodium stearoyl lactate. This often leads to increased compliance costs. On another front, the market faces stiff competition from alternative emulsifiers and stabilizers, including both synthetic and various natural options. These alternatives, with their unique benefits or cost advantages, compel producers of sodium stearoyl lactate to not only differentiate their offerings but also to convincingly showcase superior performance and safety to safeguard their market share.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of sodium stearoyl lactate reached USD 315.1 million in 2023 and is set to expand at over 7.5% CAGR from 2024 to 2032, led by the surging demand for clean-label and natural ingredients in food and personal care products.

The powdered sodium stearoyl lactate segment is anticipated to reach USD 217.6 million by 2032, due to its widespread use in the food & beverage sector.

Asia Pacific market will record a 7.3% CAGR during 2024 and 2032, due to the rapid urbanization, increasing disposable incomes, and a rising preference for processed and convenience foods.

Merck KGaA, Tate & Lyle Plc, Kowa Europe GmbH, Zhejiang Synose Tech co, Niacet, Ivanhoe Industries, DuPont, Lubrizol among others.

Sodium Stearoyl Lactate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 172
  • Countries covered: 23
  • Pages: 200
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