Lactic Acid Market: The Industry Sours

Lactic acid is an organic chemical that occurs naturally and has gained enormous and widespread application across industries, driving its demand in the food and beverages, pharmaceuticals, and personal care sectors. The lactic acid market has realized steady growth on the back of increasing consumer demand for natural and sustainable products, besides advancing production technology , applications are gradually making headways into emerging sectors. Overview of the Market and Trends Many factors can drive significant growth in the global lactic acid market during the forecast period. Some of the key drivers are as follows: Increased Demand for Natural and Organic Products: There is growing interest on the part of consumers to have natural and organic ingredients in their food, beverages, and personal care products. Lactic acid, being naturally occurring, thus fits into these trends and is, therefore, gaining more popularity as a clean-label ingredient. ...