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Lactic Acid Market Trend Outlook and Global Foresight to 2025

Surging utilization of cosmetics & personal care goods owing to development of sophisticated products coupled with increased focus on formulation enhancement for targeted consumer groups is likely to propel the market during the forecast period.

The Global Lactic Acid Market size is poised to reach USD 8.77 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 18.7% during the forecast period.


Lactic acid is used to produce implants, dialysis solution, pills, controlled drug release systems, and surgical sutures in the pharmaceutical industry. The product is also used for manufacturing cosmetics and hygiene products in the personal & oral care industry owing to its rejuvenating, antimicrobial, and moisturizing properties. Some of the latest applications of lactic acid are production of biocompatible & biodegradable PLA polymers, oxygenated chemicals, and solvents.

In the food industry, the product is used as a pH regulator, an inhibitor of residual bacteria, and flavoring agent in processing of various products including sweets, soft drinks, bread, and beer. Lactic acid is not only a significant ingredient in fermented foods such as yogurt, canned vegetables, and butter, but also utilized as an acidulant & preservative in pickled vegetables and olives.


Increasing consumption of pharmaceutical grade creams and other medicines among consumers is expected to augment the lactic acid market over the coming years. Moreover, the pharmaceutical industry acts as a key asset to the European economy as it is one of the region’s top performing, high technology sectors. Therefore, the growth of the industry in Europe is estimated to fuel the demand for lactic acid during the forecast period.

Top Players of Lactic Acid Market:

Some of the key companies present in the industry are Futerro, Galactic, Henan Jindan Lactic Acid Technology Co., Ltd., Corbion, Thyssenkrupp AG, Musashino Chemical (China) Co., Ltd., and Vaishnavi Bio-Tech Ltd.

Market Segmentation of Lactic Acid Market:

The Global Lactic Acid Market segmented on the basis of Raw Material, Application, and Region.

By Material:

Corn
Sugarcane
Cassava

By Application:

Industrial
Food & Beverages
Pharmaceuticals
Personal Care
Polylactic Acid

By Region:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

Inquire about Lactic Acid Market with Our Experts @ https://www.grandviewresearch.com/inquiry/358/ibb 
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