Lactic Acid Market Forecast to Reach USD 32.56 Billion by 2034, Driven by Rising Demand for Bio-Based Products and PLA Applications

The global lactic acid market, a cornerstone for industries ranging from food and beverages to bioplastics, is poised for significant expansion. Valued at USD 7.41 billion in 2023, the market is projected to skyrocket to USD 32.56 billion by 2034, with a robust Compound Annual Growth Rate (CAGR) of 18.25%. This rapid growth is fueled by increasing demand for bio-based products, heightened health consciousness, and the versatile applications of lactic acid, particularly in the production of polylactic acid (PLA).
While traditional feedstocks like corn and sugarcane have dominated, cassava is emerging as a highly promising, low-cost alternative. With its high starch content (over 50% on a dry weight basis), cassava offers a direct and efficient pathway for fermentative production of lactic acid, providing a competitive edge in a market where raw material costs are a major factor.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-lactic-acid-market-analysis/

Problems Faced and the Proposed Solution
The fermentative production of lactic acid from agricultural raw materials, including cassava, faces several challenges:
• High Production Costs: The cost of the raw material, as well as the need for extensive pretreatment and enzymatic hydrolysis, can make the process expensive.
• Low Yields and Productivity: Ensuring high yields of the desired lactic acid isomer (L(+) lactic acid) without significant by-product formation requires specific strains and optimized conditions.
• Process Efficiency: The overall efficiency of the fermentation process can be hampered by factors like fluctuating pH and the need for cell immobilization for continuous, long-term production.
A compelling solution lies in a two-step bioconversion process that leverages specific, thermostable enzymes and newly isolated lactic acid bacteria. This approach involves:
1. Enzymatic Hydrolysis: Using an in-house enzyme cocktail to break down cassava starch into fermentable sugars. This step is optimized to achieve a higher sugar yield, making the subsequent fermentation more efficient.
2. Fermentation with Specialized Strains: Employing high-performance lactic acid bacteria, such as Lactobacillus fermentum, to ferment the cassava hydrolysate. These strains are selected for their ability to produce a high yield of lactic acid.
This solution not only enhances productivity but also significantly reduces costs by utilizing a cheap and abundant raw material like cassava, positioning it as a sustainable and economically viable option for the future of lactic acid production.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-lactic-acid-market-analysis/

US Tariff Implications on the Lactic Acid Market
The U.S. lactic acid market is not immune to global trade dynamics, particularly the imposition of tariffs. Recent U.S. tariffs on imports from major trading partners like China have created a complex and volatile environment. This has led to:
• Increased Costs and Prices: Tariffs on imported lactic acid have raised procurement costs for U.S. manufacturers and distributors, which are often passed on to the end consumer.
• Supply Chain Disruptions: The uncertainty surrounding trade policies and the threat of new tariffs have prompted a "frontloading" of imports and an increase in domestic stockpiling, leading to temporary supply-side stress and price fluctuations.
• Strategic Shifts: To mitigate the impact of tariffs, U.S. companies are increasingly looking to diversify their supply chains by sourcing from other regions or investing in domestic production capacity. This trend underscores the growing importance of securing low-cost, domestically available raw materials, a category in which cassava, with its potential for local cultivation, holds immense promise.

Download the full report now to discover market trends, opportunities, and strategies for success.
https://evolvebi.com/report/global-lactic-acid-market-analysis/

To understand further and explore opportunities in the Lactic Acid Market or any related industry, please share your queries/concern at info@evolvebi.com.

Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing
innovative solutions to challenging pain points of a business. Our market research reports include data
useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere
data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate
data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-
time data including, quarter performance, annual performance, and recent developments from
fortune's global 2000 companies.

This release was published on openPR.