openPR Logo
Press release

Lactic Acid Market 2024 Focusing on Key Players Danimer Scientific, The Dow Chemical Company, Musashino Chemical, - ASF, Galactic, BASF, Henan Jindan Lactic Acid Technology Co., Ltd, Futerro

Lactic Acid Market

Lactic Acid Market

According to Global Market Insights, Inc., “Lactic acid industry size is expected to be worth USD 6.2 billion by 2024.” Lactic Acid Market revenue is anticipated to observe a considerable growth over the coming seven years, driven by its extensive application in food & beverages, personal care, industrial, cosmetic, detergent, and pharmaceuticals sectors. Moreover, growing consumer preference for bio-based contents is expected to stimulate the market trends in the near future.

PLA market size from packaging applications should register over USD 2 billion at the end of forecast period. They used for packaging fruits & vegetables and also in disposable products which includes cutlery and cups. Favorable regulatory support in bioplastics packaging including loose fill and rigid packaging may witness strong growth thereby curbing GHG emissions.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/821

Lactic acid market size from food & beverages applications should register over USD 1.5 billion in sales by 2024. Strong application outlook in industrial and food & beverage industry should drive lactic acid market size. They are used as a preservative, pH regulator and acidulant for food & beverage applications which include bakery, dairy, meat products, confectionary, beer & wine and pickles.

FDA has granted lactic acid GRAS status which should boost the product market demand. It is also used in manufacturing PLA, which is a biodegradable polymer and has vast consumption volume. Positive indicator towards bioplastics usage due to environmental concern should drive PLA market size. Strong application scope automobiles, food & beverage packaging, agriculture and consumer goods packaging should drive industry growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/821

PLA market price trend commands premium pricing with respect to traditional polymers including PP and polystyrene. Tapoica, sugarcane, and corn are used for manufacturing process. These raw materials costs may fluctuate and affect lactic acid price trend.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• ASF
• Galactic
• BASF
• Danimer Scientific
• The Dow Chemical Company
• Musashino Chemical
• Henan Jindan Lactic Acid Technology Co., Ltd
• Futerro

Taking into account the lactic acid application trends, lactic acid market size in the personal care sector is expected to grow at a significant rate over the timeframe, driven by its use in skin care, natural anti-aging, and anti-acne solutions. Its application in food & beverages sector will grow at a rate of 14% over the coming seven years. The growth can be credited to its emulsifying, antibacterial, acidulant, pH regulating, and flavoring characteristics.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/lactic-acid-and-polylactic-acid-market

Geographically, Germany lactic acid industry is expected to generate high sales over the next few years, driven by the rise in number of manufacturing plants coupled with increasing emphasis on sustainability. Growing application of lactic acid to treat dry skin along with its use in metal formulations is expected to boost U.S. lactic acid industry growth in the pharmaceutical sector over the coming years. China personal care industry is expected to contribute significantly towards the market share over the coming timeframe. Lactic acid application as vital ingredient in the personal care products & antimicrobial cleaning along with growing consumer awareness towards the personal care item is expected to drive the regional growth.

France PLA market will experience a considerable surge over the period of 2016-2024, driven by favorable legislations coupled with penetration of bio-based products in the packaging sector. Increase in production capacity, abundant feedstock, and growing customer awareness is expected to drive Japan market revenue over the next few years. UK PLA market size in agriculture sector is expected to register significant gains at 15% over the coming seven years, owing to its ability to reduce soil compaction and improve moisture control.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lactic Acid Market 2024 Focusing on Key Players Danimer Scientific, The Dow Chemical Company, Musashino Chemical, - ASF, Galactic, BASF, Henan Jindan Lactic Acid Technology Co., Ltd, Futerro here

News-ID: 1608713 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Lactic

Explore the Latest Innovations in Lactic Acid & Poly Lactic Acid Market Size!!
"The Lactic Acid & Poly Lactic Acid market study formulated by Up Market Research, presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The study explicitly illustrates the competitive standing of key players over the projected timeline while incorporating their individual portfolios & geographical
Lactic Acids
https://www.qandqmarketresearch.com/reports/7744730 Lactic acid has a systematic name that is 2hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen. The United States is the worlds largest consumer market. Its consumptions account for about 30% of the world.China became the worlds second consumer market after 2011, and its accounting for about 25% of the world. With the continuous
Lactic Acid Poly Lactic Acid Market to Exhibit Impressive Growth During 2020
Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animals’ blood and muscle tissue. Lactic acid are widely used in refined dairy products, preservative, flavoring,
Lactic Acid Poly Lactic Acid Market- Global Industry Analysis by 2020
Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animals’ blood and muscle tissue. Lactic acid are widely used in refined dairy products, preservative, flavoring,
Global Polylactic Acid Market (L-lactic, D-lactic & DL-lactic) 2017 to 2022
MarketResearchNest.com adds “Global (North America, Europe And Asia-Pacific, South America, Middle East And Africa) Polylactic Acid (PLA) Market 2017 Forecast To 2022” new reports to its research database. The report spread across 124 pages with tables and figures in it. Polylactic acid (PLA) is an aliphatic polyester made up of lactic acid (2-hydroxy propionic acid) building blocks. It is also a biodegradable and compostable thermoplastic derived from renewable plant sources, such
Lactic Acid Poly Lactic Acid Market to Rear Excessive Growth by 2020
Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animals’ blood and muscle tissue. To access full report @ http://www.persistencemarketresearch.com/market-research/lactic-acid-poly-lactic-acid-market.asp Lactic acid are widely used in refined