Market Overview

Global Lactic Acid Market Outlook to 2023: Featuring ADM, Cargill, Cellulac, Corbion, Galactic, and more - ResearchAndMarkets.com

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The "Global
Lactic Acid Market - Growth, Trends, and Forecast (2018-2023)"

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The global lactic acid market is expected to register a CAGR of 12.4%,
during the forecast period (2018-2023).

The major drivers for the lactic acid market are increased demand in
food applications of lactic acid, availability of cheap raw materials,
various functional properties of lactic acid and the regulatory approval
by international regulations.

The low cost of raw materials, such as molasses, starch, sugarcane, and
other carbohydrates, has been a big advantage for industries as it
directly lowers the final cost of the product. Also, these raw materials
are abundant and easily available in the domestic regions for
production, which is driving the market.

The regulatory approval of lactic acid to be used as a food additive has
boosted its applications in food products market. However, the large
capital investment and the fluctuations in raw material prices are being
the restraints for the market.

Dairy and meat products applications consists of high demand among
others in application segment. The natural lactic acid segment dominates
the market while the synthetic production is less common due to its
sustainable factor. Lactic acid is more commonly used as pH regulator in
various foods and as an antimicrobial agent in meat and poultry
products, which is the second major category of application after dairy.

Notable Market Developments

  • Corbion N.V. acquired the lactic acid business from Archer Daniels
    Midland Company for an undisclosed cash sum.

Key Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Key Findings of the Study

4. Market Overview

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

  • ADM
  • Cargill
  • Cellulac
  • Corbion
  • Galactic
  • Henan Jindan Lactic Acid Co. Ltd.
  • NingXia Hypow Bio-Technology Co. Ltd.
  • PURAC

For more information about this report visit https://www.researchandmarkets.com/research/jqvqhj/global_lactic?w=4

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