This is a vegetable oil based lauric and lactic acid salt that is safe to be used in food products as an emulsifier. Sodium lauroyl lactylate has been shown to have a slight broad range antimicrobial activity against bacteria, molds, and yeast as well.
Lensing, M., et al. "Efficacy of a lactylate on production performance and intestinal health of broilers during a subclinical Clostridium perfringens infection." Poultry science 89.11 (2010): 2401-2409.