Lactic Acid Market is a professional and in depth market report that focuses on primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis of Chemical industry. It shows that the rise in market value is generally attributed to the rising growth of the applicable industries and the subsequent rise in demand of applications. The Lactic Acid Market
analysis gives an examination of various segments that are relied upon to witness the quickest growth amid the approximate forecast frame. The competitive landscape section of the Lactic Acid Market report brings into light a clear insight about the market share analysis of major industry players.
Global lactic acid market is set to witness a healthy CAGR of 13.42% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year.
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Lactic acid is an acid which are usually found in sour milk and are also produced in the muscle tissue when a person exercises. They are usually colourless or yellowish. They are also prepared by the fermentation of molasses, potatoes, corn-starch and other. They can be processed synthetically and naturally. They are widely used in application such as food & beverages, personal care, industrial, polyactic acid and other. As they are biocompatible and biodegradable in nature they are also used labelling and packaging material.
Global Lactic Acid Market Segmentation:
By Raw Material
Food & Beverages
Regions & Top Countries Data Covered in this Report are: Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western Asia), Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland), North America (United States, Canada, Mexico), Middle East & Africa (GCC, North Africa, South Africa) , South America (Brazil, Argentina, Columbia, Chile, Peru).
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Key Market Competitors:
Few of the major competitors currently working in the global lactic acid market are Corbion, Henan Jindan Lactic Acid Technology Co., Ltd, Futerro SA, DuPont de Nemours, Inc., Vigon International, Inc, Cargill, Incorporated., CELLULAC, Musashino Chemical (China) Co.,Ltd., thyssenkrupp AG, Galactic s.a., BASF SE, TEIJIN LIMITED., Synbra Technology bv, NatureWorks LLC, GODAVARI BIOREFINERIES LTD., Mitushi Biopharma, Jiangxi Keyuan Bio-Material Co., Ltd., Jiaan Biotech among others.
Key Developments in the Market:
In April 2015, Corbion nv announced that they have acquired lactic acid business of Archer Daniels Midland which includes the delivery and sales of sodium lactate, lactic acid and potassium lactate products. This acquisition will help the company to strengthen their position in North America Market
In October 2015, Lotte announced the launch of their new milk chocolate product which contains good lactic acid bacteria. This sweet day’s lactic acid bacteria chocolate contains more advantageous bacteria. They are coated and stored within the fat of the products so can reach the stomach alive and will stay active for long. This product can also be stored in the room temperature
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