Global Lactic Acid Market to Grow at 8.48% During 2024-2032, Impelled by Rising Consumption of RTE Food Products

The latest report by IMARC Group, titled “Lactic Acid Market Report by Raw Material (Corn, Sugarcane, Cassava, and Others), Form (Liquid, Solid), Application (Industrial, Food and Beverages, Pharmaceuticals, Personal Care, Polylactic Acid (PLA), and Others), and Region 2024-2032,” finds that the global lactic acid market is expected to exhibit a CAGR of 8.48% during 2024-2032. 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.

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.

Market Summary:

• Based on the raw material, the market has been classified into corn, sugarcane, cassava, and others.
• On the basis of the form, the market has been bifurcated into liquid and solid.
• Based on the application, the market has been segmented into industrial, food and beverages, pharmaceuticals, personal care, polylactic acid (PLA), and others.
• Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
• The competitive landscape of the market has been examined in the report, with some of the key players being Cellulac plc, 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 and Vigon International Inc. (Azelis Americas LLC).
   

Report Coverage:

About Us:

IMARC Group is a leading market research company that offers 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, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800