L-Ammonium Lactate is a white powder or crystalline substance that is derived from lactic acid. It is used mainly as an antiseptic, deodorant and moisturizer in various skin care and personal hygiene products. It has a slightly salty flavor and is typically used at concentrations of 0.2-2%.
The growth of the market is mainly attributed to its increasing demand in applications such as skin care, hair care, and personal care products. It is also used as a preservative in food products. The increasing demand for natural skin care and personal care products is driving the growth of the market. Additionally, the increasing demand for organic products is expected to further boost the market growth.
The global L-Ammonium Lactate market was valued at US$ 1 million in 2022 and is anticipated to reach US$ 1 million by 2029, witnessing a CAGR of 2.9% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global L-Ammonium Lactate Market available at: https://www.themarketreports.com/report/global-l-ammonium-lactate-market-research-report
This report aims to provide a comprehensive presentation of the global market for L-Ammonium Lactate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding L-Ammonium Lactate.
The global L-Ammonium Lactate industry has a rather high concentration. The major manufacturers are concentrated in China, North America, Europe, India and Asia Others, such as Corbion-Purac, Chattem Chemicals, Musashino Chemical, SHXSHW and Jindan. At present, Corbion-Purac is the world leader, holding 45% production market share.
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