The global sodium stearoyl lactylate market is projected to reach USD 309.3 Million in 2022 and exhibit growth at a steady CAGR of 7.1% from 2022 to 2032. The market is expected to be valued at USD 498.7 Million in 2032.
As per a new report by FMI, based on nature, the natural segment is set to exhibit a year-on-year (YoY) growth rate of 6.7% in 2022 and is expected to reach a valuation of USD 309.3 Million in the same year. The segment is estimated to witness a prominent CAGR of 7.4% from 2022 to 2032 and reach a valuation of USD 498.7 Million in 2032.
Based on end use, revenue of the bakery & confectionery segment is expected to grow by 7.1% during the forthcoming period of 2022 to 2032. By form type, the fine powder segment exhibited a considerable growth rate of nearly 6.8% between 2020 and 2021.
| Attribute | Key Statistics |
|---|---|
| Global Sodium Stearoyl Lactylate market Estimated (2022E) | USD 309.3 million |
| Projected Market Valuation (2032F) | USD 498.7 million |
| Value-based CAGR (2022 to 2032) | 7.1% |
| Forecast Period | 2022 to 2032 |
Sodium stearoyl lactylate is a food additive recognized by the USA Food and Drug Administration (FDA) for improving the mix tolerances and quantity of packaged foods. It is used in various products- right from baked products to salad dressings and pet food. Sodium stearoyl lactylates are generated from a mixture of lactic and stearic acids. They are largely non-dairy based and are suitable for consumption among dairy intolerant people. As stearic acid may come from animals, the final product is not suited for vegan consumers.
Sodium stearoyl lactylate helps to strengthen the dough by replacing sugar and fat in the recipe. Salts of sodium stearoyl lactylates directly react with gluten in the dough to enhance its consistency and reduce product aging. Dough develops excellent elasticity and maintains gas effectively, thereby resulting in the development of an enhanced volume.
Consuming products containing sodium stearoyl lactylates is a pleasant physical experience. Stearoyl lactylate is also utilized in personal care products such as skincare, hair care, and color cosmetics, in addition to being a food additive.
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The global sodium stearoyl lactylate market exhibited steady growth at a CAGR of 5.6% in the historical period (2017 to 2021), finds FMI. Food and beverage manufacturers are set to generate the highest demand for sodium stearoyl lactylates. Sodium stearoyl lactylates are extensively used in dairy products, baked goods, and other processed food items due to their high capacity to reinforce and solidify foods & beverages.
The market for sodium stearoyl lactylate is also projected to be driven by increasing consumption of processed foods in Western countries, as well as rising demand for fast food in emerging countries.
Rising demand for personal care products in emerging countries has further resulted in an oversupply of cosmetic grade ingredients. Scrubs, shaving creams, moisturizers, scented pomades, and salves contain sodium stearoyl lactylates. In various cosmetics and beauty products, sodium stearoyl lactylates are used as an emulsion, emollient, and lubricant.
As sodium stearoyl lactylates are naturally generated, the global market is benefiting from the increasing demand for natural cosmetics. Besides, newborn skin care products are becoming increasingly popular throughout the world owing to surging awareness regarding the benefits of using baby hygiene goods. As sodium stearoyl lactylates are considered to be healthy for babies, their demand is expected to grow in the next decade.
Increasing Demand for Processed Food Items
Substantial usage of sodium stearoyl lactylate in processed foods is the key factor driving the global market forward. Working-class people have been traveling long distances for work and job purposes in recent years. Thus, they are turning to processed meals since they have less available time for preparing food, as well as for other activities.
Additionally, increased foreign direct investments and introduction of contemporary retail formats are some of the other factors driving the processed food market, which is set to have a positive influence on the sodium stearoyl lactylate market in the evaluation period.
Increasing prevalence of chronic illnesses and food producers' unwavering efforts to fulfill consumers' desire for food items that are less dangerous to consume are set to lead to the development of new products that act as sugar and fat alternatives. It is anticipated to aid growth in the sodium stearoyl lactylate industry. Sodium stearoyl lactylate is not only assisting in the production of healthy foods, but it is also cutting the cost of production, which is another positive factor in pushing the market.
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Anti-alcohol initiative campaigns and sugar taxes are being implemented by governments of various countries to encourage people to stop drinking alcohol, as well as carbonated soft drinks. Various social groups, non-governmental organizations, corporate social responsibility departments, and corporations are working to raise awareness about the health effects of alcohol use and sweetener drinks.
Consumer education initiatives are being implemented in several countries to educate consumers about the dangers of extensive and irresponsible alcohol drinking. Usage of sodium stearoyl lactylate in drinks is expected to be negatively affected as a result of this increased awareness.
Sodium Lauroyl Lactylate to Be Increasingly Used in the USA Food Industry
As per FMI, the USA is projected to remain at the forefront in the North America sodium stearoyl lactylate market during the forthcoming years. The food and beverage business has benefited from rapid urbanization and modernization across the USA Changing eating patterns and lifestyles of consumers, particularly among the millennials, are leading to eating and drinking at restaurants and pubs on a large scale. This factor is projected to boost sales of sodium stearoyl lactylates among USA-based food manufacturers.
Chinese Companies Are Utilizing Sodium Stearoyl Lactylate in Skin Care Products
Rapid expansion of the personal care & cosmetics industry across China owing to the entry of various new companies and high disposable income of customers is set to drive the country’s sodium stearoyl lactylate market during the forecast period. Key cosmetics manufacturers based in China are focusing on expanding their presence in remote parts of the country by broadening their distribution networks and launching innovative products at a relative low cost.
Besides, surging consumption of processed foods, alcoholic beverages, and soft drinks in China is projected to foster the demand for sodium stearoyl lactylate in the next decade.
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Ready-to-eat Food Manufacturers Are Looking for Sodium Stearoyl Lactylate Emulsifiers
As per FMI, based on end use, the food and beverage industry segment is expected to dominate the global sodium stearoyl lactylate market in the upcoming decade. High demand for ready-to-eat food items as a result of busy schedules and stressful lives of people all over the world is anticipated to augur well for the segment.
Besides, technological advancements in the packaging industry are set to push key players to develop a wide range of convenience food products across the globe, including ready to eat cereal-based meals. Rising consumer preference for ready-to-eat goods has thus fueled the demand for sodium stearoyl lactylate, thereby propelling the global market to new heights.
According to FMI’s new report, Merck KGaA, Tate & Lyle Plc., Kowa Europe GmbH, Zhejiang Synose Tech co., Niacet, Savannah Surfactants, Parchem Fine & Specialty Chemicals, Ivanhoe Industries, DuPont, Lubrizol, Musashino Chemical Laboratory Ltd., Cargill Inc., BASF, Kerry Ingredients & Flavors, and DSM Nutritional Products among others are some of the key sodium stearoyl lactylate brands.
The majority of these key players are focusing on launching innovative products for the food & beverage industry by spending huge sums in research & development activities. A few other key players are aiming to engage in collaborations, partnerships, mergers & acquisitions, and joint ventures to gain a competitive edge.
For instance,
Sodium Stearoyl Lactylates from Merck KGaA, Parchem, and Musashino Chemical to Be a Versatile Ingredient for Food Applications
Merck was founded in 1668 and is the world's oldest operational chemical and pharmaceutical firm. The Merck Group, generally referred to as Merck, is a German global scientific and technology corporation with its corporate headquarters in Darmstadt. Healthcare, life sciences, and electronics are the three business segments that make up the corporation.
In September 2021, Merck announced the acquisition of Acceleron Pharma for USD 11.5 Billion, taking ownership of Sotatercept, which is used to treat pulmonary hypertension and luspatercept-aamt. Furthermore, in June 2022, in order to enhance process analytical technologies, Merck formed a partnership with Agilent Technologies (PAT). PAT is a crucial enabler for real-time release and bioprocessing 4.0. It is widely advocated by international regulatory bodies.
Parchem is another leading company that began distributing industrial chemicals in 1999 and has since established itself as a vital, dependable, and dominant link in the supply chains of nutritional, personal care, pharmaceutical, and specialty chemicals. Parchem doesn't set boundaries. The business is skilled at supplying raw ingredients to the markets for excipients, agricultural chemicals, paints & coatings, adhesives & sealants, and taste & fragrances.
In August 2019, Parchem announced the introduction of aluminum hydroxide. The company is qualified to handle the surging demand for aluminum hydroxide and has both an ISO 9001 and a NACD certification. In the pharmaceutical sector, it is used as an antacid for humans and animals.
Similarly, in January 2020, the company started supplying high-demand natural supplement coenzyme q10. Coenzyme Q10 is made by using the highest-quality ingredients with the help of skilled sourcing professionals, who can do so precisely, on schedule, and within budget. Coenzyme Q10 is a USP-grade raw ingredient that is available in 25-K drums in powder form.
Musashino Chemical Laboratory, Ltd., on the other hand, is a fine chemicals industry leader that produces high-quality lactic acid, alanine, and pyruvic acid. The company continues to accomplish its objective by offering only the finest quality products that are helpful to people and are ecologically sustainable.
It has more than 50 years of research and development experience, and its production facilities were created with the environment in mind. In October 2020, the firm announced that it has increased its capacity to produce pyruvate in order to satisfy rising client demand for pyruvic acid, sodium pyruvate, and ethyl/methyl pyruvate.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 309.3 Million |
| Projected Market Valuation (2032) | USD 498.7 Million |
| Value-based CAGR (2022 to 2032) | 7.1% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (USD Million) and Volume (MT) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Chile, Peru, Argentina, Rest of LATAM, EU-4, UK, BENELUX, Nordic, Russia, Poland, Rest of Europe, China, Japan, South Korea, India, Thailand, Indonesia, Singapore, Rest of South Asia. |
| Key Market Segments Covered | Nature, Form Type, Formulation Type, End Use, and Region |
| Key Companies Profiled | Merck KGaA; Tate & Lyle Plc.; Kowa Europe GmbH; Zhejiang Synose Tech co.; Niacet; Savannah Surfactants; Parchem Fine & Specialty Chemicals; Ivanhoe Industries; DuPont; Lubrizol; Musashino Chemical Laboratory Ltd.; Cargill Inc.; BASF; Kerry Ingredients & Flavors; DSM Nutritional Products |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global sodium stearoyl lactylate market is set to be valued at USD 309.3 Million by 2022.
The global sodium stearoyl lactylate market is expected to grow at a CAGR of around 7.1% during the forecast period of 2022 to 2032.
In terms of revenue, the sodium stearoyl lactylate market grew at a CAGR of around 6.4% during the historical period of 2017 to 2021.
The global sodium stearoyl lactylate market is expected to surpass USD 498.7 Million by the end of 2032.
Merck KGaA, Tate & Lyle Plc., Kowa Europe GmbH, Zhejiang Synose Tech co., Niacet, Savannah Surfactants, Parchem Fine & Specialty Chemicals, Ivanhoe Industries, DuPont, Lubrizol, Musashino Chemical Laboratory Ltd., Cargill Inc., BASF, Kerry Ingredients & Flavors, and DSM Nutritional Products are the top players in the sodium stearoyl lactylate market.
Key players are focusing on new product launches, expansion of distribution channels, and mergers & acquisitions to dominate the sodium stearoyl lactylate market.
Asia Pacific, North America, and Europe are the major regions driving demand for sodium stearoyl lactylates.
The Europe sodium stearoyl lactylate market is set to hold around 7.1% of the total revenue share in 2022.
The USA sodium stearoyl lactylate market is projected to grow at a CAGR of around 6.1% over the next ten years.
1. Executive Summary 2. Market Overview 3. The Massive Impact of the Crisis 4. Market Dynamics 5. Key Regulations 6. Global Sodium Stearoyl Lactylate Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 7. Global Sodium Stearoyl Lactylate Market - Pricing Analysis 8. Global Sodium Stearoyl Lactylate Market Demand (Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 9. Global Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 9.1. Food & Beverage Industry 9.2. Bakery & Confectionery 9.3. Meat and Poultry 9.4. Dairy Products 9.5. Alcoholic Beverages 9.6. Convenience Products (Sour Cream, Salad Dressing, etc.) 9.7. Plastic Industry 9.8. Pet Food 9.9. Cosmetics and Personal Care Products 10. Global Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 10.1. Natural 10.2. Synthetic 11. Global Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form Type 11.1. Fine powder 11.2. Hydrate 12. Global Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Formulation Type 12.1. Oil in Water 12.2. Water in Oil 12.3. Water in Silicon 13. Global Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia 13.6. Oceania 13.7. Middle East and Africa (MEA) 14. North America Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Latin America Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Europe Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. East Asia Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. South Asia Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Oceania Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Middle East and Africa Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 21. Key Countries Sodium Stearoyl Lactylate Market Analysis 2017 to 2021 and Forecast 2022 to 2032 22. Market Structure Analysis 23. Competition Analysis 23.1. BASF SE 23.2. Adani Wilmar Limited 23.3. Archer Daniels Midland Company 23.4. Cargill Inc. 23.5. Dow Corning Corporation 23.6. E.I Dupont De Numours and Company 23.7. Essential Ingredients, Inc. 23.8. Evonik Industries AG 23.9. Ingredion Incorporated 23.10. Kerry Group Plc 23.11. Koninklijke DSM N.V 23.12. Lonza Group AG 23.13. Oxiteno S.A 23.14. Palsgaard A/S 23.15. Puratos Group 23.16. Riken Vitamin Co., Ltd 23.17. Other Players (On Additional Requests) 24. Value Chain Analysis 25. Assumptions and Acronyms Used 26. Research Methodology
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Sodium Stearoyl Lactylate Market
