Press release
Lactic Acid Market Projected to Reach USD 7.51 Billion by 2034 | CAGR: 7.8%
Lactic Acid Market
Market Overview
Lactic acid is a chemical the body generates when the cells disintegrate carbohydrates for energy. Muscle cells and red blood cells produce the most lactic acid, but they can emanate from any tissue in the body. The muscles generate abundant lactic acid when one is working out, but it is not the only venture that can generate it. Anything that makes the body generate more oxygen than normal can cause the cells to generate lactic acid.
An exercise involving yard work or heaving bulky boxes while one is helping a friend shift can all generate an interim surge in lactic acid in the body. That interim surge in lactic acid in the body. That interim surge in lactic acid isn't detrimental and normally won't create any indications. The liver and kidneys filter lactic acid out of the blood and disintegrate it down into glucose.
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Market Growth Drivers
Growing Ecological Worries
Ecological worries globally have notably escalated the demand for biodegradable plastics as a constituent of green endeavors, with lactic acid playing an important role. Biodegradable plastics made from polylactic acid (PLA) function as a critical option to traditional plastics, assisting in decreasing carbon footprint problems. PLA emanated from green resources such as corn starch and sugarcane is dispensable and decreases dependence on fossil fuels which subsequently pushes the demand for the lactic acid market.
Escalating Usage in Food and Beverage Industry
The multipurpose attributes of lactic acid have caused its extensive acquisition in the food and beverage industry. It functions as a preservative, pH regulator, and flavoring agent, improving product security and taste configuration.
Key Industry Players
The firms concentrate on product inventions, tactical alliances, and digital market enterprises to strengthen their market presence. Some of the prominent players operating in the lactic acid market include:
• Cargill, Inc.
• Corbion N.V.
• Foodchem International Corporation
• Galactic
• Godavari Biorefineries
• Henan Jindan Lactic Acid Technology Co. Ltd.
• Jungbunzlauer Suisse AG
• Musashino Chemical Laboratory, Ltd.
• ProAgro GmbH
• Spectrum Chemicals
• Teijin Limited
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Lactic Acid Market Report Highlights
• In terms of source, the natural lactic acid segment accounted for a largest market share in 2024 due to growing demand for eco-friendly products to minimize carbon footprints.
• Based on form, the dry lactic acid segment held the significant market growth in 2024 due to ease of accessibility and its transportation among the seller and buyers.
• In 2024, North America accounted for the largest share in the lactic acid market due to developed infrastructure towards production and improved logistic supports.
• The Asia Pacific is expected to witness fastest growth over the forecast period in the lactic acid market due to rapid commercialization and growing prospect of innovative products across the regions.
Segmental Perspective
Lactic Acid Market, Source Outlook (Revenue - USD Billion, 2020-2034)
• Natural
• Synthetic
Lactic Acid Market, Applications Outlook (Revenue - USD Billion, 2020-2034)
• Personal Care
• Food & Beverages
• Chemical
• Pharmaceutical
• Industrial
• Biodegradable Plastics & Polymers
• Others
Lactic Acid Market, Form Outlook (Revenue - USD Billion, 2020-2034)
• Dry
• Liquid
Regional Market Dynamics
North America leads the lactic acid market, driven by progressive pharmaceutical self-care industries that sizeably use lactic acid in several applications. Further, the existence of prominent market contenders and continuing technological progressions have promoted the region's dominance.
Europe is encountering speedy growth due to approved market aggression and macroeconomic trends reinforcing green advancements. The region's strict ecological directives and robust consumer preference for biodegradable commodities have spurred the demand for lactic acid.
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