Lactic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Raw Material (Wood Based and Non-Wood Based), By Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care and Others), By Region and Competition
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLactic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Raw Material (Wood Based and Non-Wood Based), By Application (Food & Beverage, Pharmaceutical, Cosmetics & Personal Care and Others), By Region and Competition
In United states sale of fermented foods has increased by almost 150% in the year 2021.
Additionally, the use of lactic acid in the production of bioplastics and biochemicals from sustainable feedstock is trending. The cost of the final product depends upon factors like the cost of raw materials, such as carbon and nitrogen sources.
Lactic acid, an alpha hydroxy acid found mainly in milk, has been used in skincare and aesthetic treatments. It is presently used in various cosmetic and personal care products as a humectant and skin conditioning agent. It evens out, brightens, and smooths skin while giving it a firmer appearance. It lessens the visibility of wrinkles, fine lines, and dark spots. The product's capacity to fortify poor hair also allows it to be used in hair products. The demand for cosmetics and personal care products is anticipated to increase as consumer awareness and per capita income rise. These factors are expected to boost market expansion.
Growing Uses of Lactic Acid in a Variety of End-Use Industries
In Thailand, alone the production capacity of lactic acid amounts to be of 125,000 tons.
Increase In the Demand for Sustainable Alternatives Will Spur Market Expansion
Most of the lactic acid is produced by bacteria via the anaerobic fermentation of sugars. It can be formed using various raw materials, such as starch crops, sugar crops, lignocellulosic materials, and whey. However, lactic acid production through bio-based pathways is eco-friendlier and more economical. Due to climate change and to reduce their carbon footprint, countries like the USA, Germany, Russia, and India are investing in their R&D to find more ecologically feasible production methods that are much more sustainable. Thus, stimulating the growth of the overall market.
Mergers & Acquisitions
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They will be producing 150,000 tons of high-purity corn-based lactic acid annually
Recent Developments
Researchers and scientists have developed new and improved technology to produce lactic acid. This new technology produces lactic acid by altering their genes through mutation and evolution technologies. The lactic acid made via this technology has widespread industrial applications. It gives us a quick and adequate understanding of the molecular pathways used for substrate utilization, product and by-product generation, and stress conditions. However, factors like acid stress, pH tolerance, and product inhibition may threaten the production of lactic acid bacteria on a large scale. Therefore, we use yeast or fungi to produce lactic acid bacteria that can overcome the challenges faced through conventional product production.
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Market Segmentation
Global Lactic Acid Market is segmented based on
Market players
DuPont de Nemours, Inc., Asahi Kasei Corporation, JRS Pharma LP, Roquette Frères SA, Mingtai Chemical Co. Ltd., Accent Microcell Pvt. Ltd. , Pharmatrans-Sanaq AG and DFE Pharma GmbH & Co KG are some of the key players operating in the market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2021 and 2023-2028 |
| Report coverage | Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By Raw Material · By Application |
| Regional scope | Europe, North America, Asia Pacific, Middle East & Africa |
| Country scope | Germany; France; United Kingdom; Russia; Sweden; Denmark; Switzerland; United States; Canada; Mexico; China; India; Japan; Australia; South Korea; South Africa; UAE, Saudi Arabia; Brazil ; Argentina; Colombia |
| Key companies profiled | DuPont de Nemours, Inc., Asahi Kasei Corporation, JRS Pharma LP, Roquette Frères SA, Mingtai Chemical Co. Ltd., Accent Microcell Pvt. Ltd. , Pharmatrans-Sanaq AG and DFE Pharma GmbH & Co KG |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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