register free | resend password

Lactic Acid Market Segmentation by Key Players, Regions, and Products Breakdown

The drivers for lactic acid market include rising use of shampoos, creams and body care products and increase in R&D techniques for formulation of personal care products.

ID: 1553578
recent pressrelease next pressrelease

(businesspress24) - The Global Lactic Acid Market is anticipated to rise at a significant CAGR of 12.88% during the forecast period. Lactic acid is characterized by its importance in food industry and correlated chemical and physical properties. Pure lactic acid is a colourless and hydroscopic liquid and chemically named as milk acid, which is also an inorganic acid.

The drivers for lactic acid market include rising use of shampoos, creams and body care products and increase in R&D techniques for formulation of personal care products. Consumer approach towards modernized beauty products and rise in formulation development is likely to propel the market growth for the forecast period.

Increase in bioplastic applications along with favourable regulations for use of bio-based materials contributes in enlarging the market demand for lactic acid. Further, rise in consumer awareness pertaining to sustainability, green packaging and recyclability is another reason for growth of market. However, significant pricing and volatility in raw material prices is likely to hinder the market growth during the forecast period.

Application segment for market includes food & beverages, pharmaceuticals and personal care. Food & Beverages account for a significant market share due to rise in population and enlarged food demands. Geographical segmentation for market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global market due to substantial growth and high demand for personal care products. Increase in production of pharmaceutical and personal care products have enlarged the market demand during the forecast period.

Asia-Pacific regions are likely to witness a significant growth rate due to presence of manufacturing base in India, China and Singapore. European regions are likely to gain a significant share in the global market owing to technological enhancements and price volatility. The key players in the lactic acid market include Cargill, Corbion, Galactic, NatureWorks LLC and Pyramid Bioplastics.

More information:

Keywords (optional):

lactic-acid-market, chemicals, lactic-acid, lactic-acid-industry, chemicals-market, chemicals-industry,

Company information / Profile:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

PressRelease by


"Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: +1-408-610-2300

Toll Free: +1-866-831-4085

Email: sales(at)"

PressContact / Agency:

published by: unnati_gade
print pressrelease  send to a friend  

Date: 11/04/2019 - 10:04
Language: English
News-ID 1553578
Character count: 4920
Firma: Million Insights
Ansprechpartner: Tom Clark Feedback to about Pressrelease-id:
Stadt: Felton
Telefon: 14086102300

Meldungsart: Financial
Versandart: send
Freigabedatum: 04.11.2019

Number of hits: 230


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 67

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.