Press release
Lactic Acid Drinks Market Set to Surge Significantly by 2026
Geographically, the global lactic acid drinks industry can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa. The Asia-Pacific region is projected to dominate the global lactic acid drinks market during the forecast period in terms of revenue share and consumption. Japan is the largest consumer of lactic drinks across the globe. The Asia-Pacific lactic acid drinks market is closely followed by the North American lactic acid drinks market that is further followed by the European lactic acid drinks market. The European lactic acid drinks market is projected to be the fastest growing market across the globe during the forecast period. The developing economies are expected to depict increasing demand for lactic acid drinks with the rise in global usage of the same as a key food ingredient.
The major factors driving the market for lactic acid drinks across the globe include growing number of end-use applications in the beverage industry, and favorable regulatory scenario for environment friendly products among others. Changing consumer diet preferences coupled with rising awareness regarding the benefits of lactic acid bacteria and lactic acid drinks is expected to fuel the growth of the global lactic acid drinks market during the forecast period. Leading players in the lactic acid drinks market are constantly innovating lactic drinks through various advanced technology and their scientific breakthroughs are expected to support the growth of the global lactic acid drinks market during the forecast period.
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Some of the major players identified across the value chain of the global lactic acid drinks market includes Asahi Group Holdings, Ltd., Yakult Honsha Co., Ltd., Group Danone, Corbion, Aoki Technical Laboratory, Inc., Lifeway Foods, Inc., Henan Jindan Lactic Acid Technology Co. Ltd., Galactic, and Musashino Chemical (China) Co. Ltd. The companies are emphasizing on research & development and product development in order to gain market share in the competitive lactic acid drinks market. Asahi Group Holdings, Ltd. is one of the leading players in the global lactic acid drinks market and is engaged in the production, development, and distribution of a variety of Calpis drinks across the globe
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