Report Description Report Description and Highlights

Global Lactic Acid Market Trends :

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).