Lactic Acid Market Trends

Statistics for the 2023 & 2024 Lactic Acid market trends, created by Mordor Intelligence™ Industry Reports. Lactic Acid trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of Lactic Acid Industry

High Demand for Food Acidulants

Lactic acid is a crucial ingredient in food and beverage products due to its diverse functional qualities. Lactic acid's wide range of applications in the food and beverage sector and the variety of functional benefits offered by food acidulants drive the market. The industry is boosted by solid expansion in the food and beverage sector. With evolving consumer behavior and economic development in Asia-Pacific, the region emerges as a prospective market for the food and beverage industry to increase the use of food acidulants. Lactic acid is also widely used in the preservation industry. It is permitted as a food additive in Europe, the United States, Australia, and New Zealand. Hence, the increasing usage of lactic acid across various food manufacturing processes could possibly increase the demand across the world.

Lactic Acid Market - Production Volume of Lactic Acid Drinks, in Thousand Kiloliters, Japan, 2018-2021

Asia-Pacific is the Fastest-growing Regional Market

With the rising use of lactic acid as a food additive, the demand for lactic acid in Asia-Pacific is rapidly increasing. Increased demand for lactic acid in meat and other foods applications, availability of low-cost raw materials, technological innovations, and strong backing from large manufacturing businesses in the region are the main drivers for the market. Usually, lactic acid is used in the meat-based industry to reduce bacterial-based pathogens, hence keeping the meat safe from contamination. The low cost of raw materials for manufacturers, such as molasses, sugarcane, starch, and other carbohydrates, has significantly benefited the sector as it immediately decreases the final product's cost. Major players operating in the region, such as Henan Jindan Lactic Acid Co. Ltd, are focusing on incorporating lactic acid as one of the key ingredients in food processing.

Lactic Acid Market Size (%), By Region, Global 2022

Lactic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)