The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
The latest report by IMARC, titled “ Lactic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” finds that the global lactic acid market is expected to exhibit a CAGR of 10.07% during . Lactic acid (C3H6O3) refers to a type of colorless organic acid that is miscible with water. It helps to control the development of pathogenic microorganisms, improve flavor, and extend the shelf life of food products. Owing to these properties, lactic acid is widely utilized in the preparation of wine and fermented dairy products, curing meat and fish, pickling vegetables, and as an emollient in various cosmetic items and an additive in pharmaceutical products.
Request Free Sample Report: https://www.imarcgroup.com/lactic-acid-market/requestsample
The market is primarily driven by the rising consumption of processed and ready-to-eat food products. Lactic acid is utilized to enhance product shelf life and as a flavoring agent and pH regulator in several bakery items, beverages, confectionery, and meat products. In addition, the increasing product adoption in the pharmaceutical industry for manufacturing active pharmaceutical ingredients (APIs) that are used in drugs, IV solutions, and liquid supplements represent another major growth-inducing factor. Besides this, lactic acid is widely utilized in cosmetic and personal care products as an exfoliator, humectant, adjuster, and skin conditioning ingredient. This, coupled with the implementation of favorable government initiatives to encourage the use of bioplastics and the expanding applications of lactic and polylactic acids in the packaging and biomedical industries, are also creating a positive market outlook across the globe.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Market Summary:
Breakup by Raw Material:
• Corn
• Sugarcane
• Cassava
• Others
Breakup by Form:
• Liquid
• Solid
Breakup by Application:
• Industrial
• Food and Beverages
• Pharmaceuticals
• Personal Care
• Polylactic Acid (PLA)
• Others
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players:
Corbion N.V.
Dupont De Nemours Inc.
Foodchem International Corporation
Galactic Godavari Biorefineries Ltd. (Somaiya Group).
Henan Jindan Lactic Acid Technology Co. Ltd.
Jungbunzlauer Suisse AG
Musashino Chemical Laboratory Ltd.
Spectrum Chemical Mfg. Corp.
Vaishnavi Bio Tech International Limited
• Vigon International Inc. (Azelis Americas LLC).
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/lactic-acid-market
We are the trusted business partners to the world's leading corporates, governments, and institutions
We are the trusted business partners to the world's leading corporates, governments, and institutions
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
