Sodium Lactate Market Estimated At USD 516.5 Million By 2030
San Francisco, 26 Sep 2022: The Report Sodium Lactate Market Size, Share & Trends Analysis Report By Form (Powder, Liquid), By Application (Cosmetics, Pharmaceuticals, Food & Beverages), By Region, And Segment Forecasts, 2022 - 2030 The global sodium lactate market is expected to reach USD 516.5 million by 2030, registering a CAGR of 8.0% from 2022 to 2030, as per a new report by Grand View Research, Inc. The growth is majorly driven by increasing demand for the product from industries such as personal care and cosmetics, globally. Sodium lactate is extensively used in food & beverages as an effective preservative as well as a pH regulator. The world is experiencing a surge in the global demand for natural and harmless food additives and preservatives. This is one of the major factors for the growth of the global market. Regulatory bodies like Health Canada, U.S. Food & Drug Administration have accepted the use of sodium lactate as a natural, harmless food additiv