Lucintel Forecasts Lactic Acid Market To Grow A Cagr Of 18%-19%

By Author: Lucintel LLC
Total Articles: 4147
Comment this article

According to the recent study the lactic acid market is projected to grow at a CAGR of 18%-19% from 2020 to 2025. Growth in this market is primarily driven by growing demand for skincare products such as moisturizers and anti-aging. Lactic acid, being a monomer for the manufacturing of biodegradable polylactic acid, is also one of the driving factor.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in lactic acid market by raw matrial (corn, sugarcane, cassava, and others), source (natural and synthetic), function (preservative, ph regulator, antimicrobial agent, flavour, and others), application (industrial, food & beverage, biodegradable plastics, pharmaceutical, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
Download sample report and view detailed Table of Content by clicking on below link – https://www.lucintel.com/lactic-acid-market.aspx
“Corn market is expected to remain the largest segment during the forecast period.”
Based on raw material, the lactic ...
... acid market is segmented into corn, sugarcane, cassava, and others. Lucintel forecasts that the corn is expected to witness the largest segment over the forecast period due to cheap and abundant availability.
“Within the lactic acid market, the food and beverage segment is expected to remain the largest application.”
Based on application, the food and beverage segment is expected to witness the largest application over the forecast period due to broad spectrum of applicability in the food industry.
“Asia Pacific will dominate the lactic acid market in near future.”
Asia Pacific is expected to be the largest region over the forecast period due to rise in the application as the food additive, increased demand in meat and other foods applications of lactic acid, availability of raw materials, innovation in technology, and strong support of big manufacturing companies in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/lactic-acid-market.aspx
Major players of lactic acid market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Corbion, Henan Jindan Lactic Acid Technology, Futerro, DuPont, Vigon International, Cargill, Musashino Chemical (China), thyssenkrupp AG, Galactic s.a., BASF, TEIJIN., Synbra Technology bv, NatureWorks LLC, Mitushi Biopharma, Jiangxi Keyuan Bio-Material Co., Ltd., Jiaan Biotech, and others are among the major lactic acid providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/lactic-acid-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
Related reports
UV Filter Active Ingredient Market Report:
For more details click here https://www.lucintel.com/uv-filter-active-ingredient-market.aspx

Anti-Aging Active Ingredient Market Report:
For more details click here https://www.lucintel.com/anti-aging-active-ingredient-market.aspx

Optical Film Market Report:
For more details click here https://www.lucintel.com/optical-film-market.aspx

Odor Control Agent Market Report:
For more details click here https://www.lucintel.com/odor-control-agent-market.aspx

Bitumen Emulsifier Market Report:
For more details click here https://www.lucintel.com/bitumen-emulsifier-market.aspx

Waterproofing Admixture Market Report:
For more details click here https://www.lucintel.com/waterproofing-admixture-market.aspx

Photoinitiator Market Report:
For more details click here https://www.lucintel.com/photoinitiator-market.aspx

Metal Surface Treatment Chemical Market Report:
For more details click here https://www.lucintel.com/metal-surface-treatment-chemical-market.aspx

Emission Control Catalyst Market Report:
For more details click here https://www.lucintel.com/emission-control-catalyst-market.aspx

Biaxially Oriented Polyester (BOPET) Film Market Report:
For more details click here https://www.lucintel.com/bopet-market.aspx