Lactic Acid Market to record robust growth rate in coming 10 years | BASF SE, Corbion NV, Lallemand Inc., GALACTIC Group

Posted on 2022-08-04 by Sandeep in Chemicals // 0 Comments

New York, 2022-Jul-14 — /EPR Network/ — Global Lactic Acid Market report from Global Insight Services is the single authoritative source of intelligence on Lactic Acid Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Lactic acid is an organic compound that is produced when glucose is metabolized in the absence of oxygen. It is a colorless, water-soluble compound that has a sour taste. Lactic acid is produced in the muscles during strenuous exercise and is responsible for the burning sensation that is felt in the muscles during exercise. Lactic acid is also a major component of sour milk and is used as a food preservative.

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Key Trends

Lactic Acid technology is constantly evolving and the key trends are dictated by the needs of the market. Currently, the main trends are focused on improving the efficiency of production, developing new applications for lactic acid, and finding ways to reduce the cost of production. One of the most important trends is the development of new fermentation processes that can produce lactic acid more efficiently. This is being driven by the need to reduce the cost of production and to find new applications for lactic acid.

Key Drivers

Lactic acid is a carboxylic acid produced by fermentation of carbohydrates. It is an important intermediate in the metabolism of carbohydrates and is involved in the regulation of acid-base balance in the body. Lactic acid is also a key component of sour milk products, such as yogurt and cheese. The lactic acid market is driven by the growing demand for food and beverage products, such as yogurt and cheese, that contain lactic acid. The market is also driven by the increasing use of lactic acid as a food preservative and as an additive in animal feed.

Market Segments

By Raw Material
- Corn
- Sugarcane
- Cassava
By Application
- Industrial
- Food & Beverages
- Pharmaceuticals
By Form
- Liquid
- Solid
By Region
- North America
  - The U.S.

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Key Players

BASF SE
Corbion NV
Lallemand Inc.
GALACTIC Group
Tate & Lyle PLC
Musashino Chemical Laboratory, Ltd.
Yancheng Huade (Dancheng) Biological Engineering Co., Ltd.
Juneng Golden Corn Co. Ltd.

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