
The global lactates market is primarily characterised by the presence of a large number of regional and multinational companies. An approximate share of 45%-50% is accounted for by multinational players, and they are the key price regulators of the market. North America and Western Europe are the two main target regions owing to the increasing demand for processed food and beverages and novel and more efficient drug formulations in the pharmaceuticals industry. Multinational players such as Merck KGaA Corbion N.V., Dr. Paul Lohmann GmbH KG, Alfa Aesar GmbH & Co KG, and Jungbunzlauer SuisseAG, are focussing on either global or regional expansion to meet the rising consumer demand for lactates, and are coming up with better technology advancements to improve the quality and efficiency of their products.