Lactic Acid Market Size, Growth & Forecast | Industry Report, 2026

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2. Lactic Acid Market Size, Growth & Forecast | Industry Report, 2026 Global Lactic Acid Market is valued to reach USD 3.5 Billion by 2020, growing at CAGR of 16.2% over the forecast period 2020-2026. Rising demand for anti-acne and anti-aging products, availability of convenient and easy-to-use skincare products for travelling are the factors anticipated to drive the market growth.   Market Trends, Drivers, Restraints, and Opportunities: Lactic acid enhances skin, providing it with lightening effect, accelerates exfoliation, and renews the cells. Rising emphasis on esthetic appeal among youth and increasing disposable income are major factors creating opportunities and driving the growth of  the market. The demand for lactic acid is anticipated to increase in the food & beverage industry due to its increasing use as a flavoring agent and a preservative. Volatile raw material prices and high initial investments are estimated to restrain the growth of the market. Lactic acid is a major ingredient in intravenous fluids. This, in turn, fuels its demand in the pharmaceutical industry.

3. Scope of the Report: The report on the lactic acid market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have been included in the report.

4. Food & beverage sector is expected to dominate lactic acid market over the forecast period On the basis of applications, the global lactic acid market has been segmented into pharmaceutical, home & personal care, industrial applications, food & beverage, and others. Lactic acid is extensive employed in the food industry, as it helps regulate micro flora in food and acts as preservative. The food & beverage segment accounted for a large share of the market due to its extensive use in making various products. Rising population across the globe and increasing disposable income are increasing  food production. This, in turn, is likely to increase the use of lactic acid in food & beverage production. The Home & personal care segment is another key segment of the market. It is widely used for making various skincare products such as anti-aging creams, fairness creams skin, and hydrating lotions. Growing emphasis on esthetic appearance among the people is expected to surge the demand for skincare products, which in turn, is anticipated to drive the growth of the market during the forecast period

5. North America is expected to dominate lactic acid market over the forecast period On the basis of regions, the global lactic acid market has been fragmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America is expected to lead the global market due to the presence of major market player in this region. However, Asia Pacific is expected to hold a large share of the global market owing to globalization and urbanization. ‘Make in India’ policy adopted by the Government of Indian has enabled manufacturers to invest in food & beverages and personal care sectors. It is exclusively used in the beverage industry, as it is considered to be safe food substance. This, in turn, is projected to fuel the growth of the market in India. Competitive Landscape: Key players operating in lactic acid market include Corbion, NatureWorks LLC, Galactic, Henan Jindan Lactic Acid Technology Co., COFCO, Musashino Chemical Laboratory, Ltd., and YanchengHaijianuo Biological Engineering Co. These players are engaged in strategies such as product launches, mergers & acquisitions, agreements, and partnerships to strengthen their geographical presence.

6. Segments Covered in the Report: The global lactic acid market has been segmented on the basis of types, applications, and regions. By Applications Pharmaceutical Home & Personal Care Industrial Applications Food & Beverage Others By Regions North America Asia Pacific Europe South America Middle East & Africa

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