Lactic Acid Market is expected to witness Incredible Growth during 2021-2031 | BASF SE, Corbion NV, Lallemand, GALACTIC Group, Tate & Lyle, Musashino Chemical Laboratory

Global Lactic Acid Market report from Global Insight Services is the single authoritative source of intelligence on Lactic Acid Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Lactic acid is an organic compound that is produced when glucose is metabolized in the absence of oxygen. It is a colorless, water-soluble compound that has a sour taste. Lactic acid is produced in the muscles during strenuous exercise and is responsible for the burning sensation that is felt in the muscles during exercise. Lactic acid is also a major component of sour milk and is used as a food preservative.

Key Trends:

Lactic Acid technology is constantly evolving and the key trends are dictated by the needs of the market. Currently, the main trends are focused on improving the efficiency of production, developing new applications for lactic acid, and finding ways to reduce the cost of production.

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Key Drivers:

Lactic acid is a carboxylic acid produced by fermentation of carbohydrates. It is an important intermediate in the metabolism of carbohydrates and is involved in the regulation of acid-base balance in the body. Lactic acid is also a key component of sour milk products, such as yogurt and cheese. The lactic acid market is driven by the growing demand for food and beverage products, such as yogurt and cheese, that contain lactic acid. The market is also driven by the increasing use of lactic acid as a food preservative and as an additive in animal feed.

Market Segments:

The Lactic Acid Market is segmented on the basis of raw material, application, form, and region. Based on raw material, the market is further bifurcated into corn, sugarcane, cassava, and other crops. In terms of application, the market is further sub-divided into industrial, food and beverages, pharmaceuticals, personal care, and others. By form, the market is further bifurcated into liquid and solid. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players:

The Lactic Acid Market report includes players such as BASF SE, Corbion NV, Lallemand Inc., GALACTIC Group, Tate & Lyle PLC, Musashino Chemical Laboratory, Ltd., Yancheng Huade (Dancheng) Biological Engineering Co., Ltd., Juneng Golden Corn Co. Ltd., and Archer-Daniels-Midland Company (ADM)

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