The global Lactic Acid Market size will grow
exponentially during 2019-2026. This report offers an analysis of the market
based on the product, end-user, distribution channel and geography (the Americas, APAC, and EMEA). The Lactic
Acid Market research report further analyzes the market’s competitive landscape
and offers information on several companies. The Global Lactic Acid Market is anticipated to rise at a significant CAGR
of 12.88% during the forecast period.
Lactic Acid Market report provides in-depth insight of the Lactic
Acid industry masking all vital parameters along with Drivers, Market Trends, Market Dynamics, Opportunities, Competitive
Landscape, New Challenge Feasibility Evaluation, Lactic Acid market Share
via Region, Analysis and Guidelines on New mission Investment.
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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.
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.
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