North America Lactic Acid Market Size (2024 - 2029)

The North America lactic acid market is experiencing growth, driven by the increasing demand for natural lactic acid, particularly as a bio-preservative. This trend aligns with the rising consumer preference for natural products. The unique application of lactic acid in the confectionery sector further contributes to the market's expansion, despite the availability of alternative organic acids.

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Market Size of North America Lactic Acid Industry

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North America Lactic Acid Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.90 %
Market Concentration Low

Major Players

North America Lactic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Lactic Acid Market Analysis

The North America lactic acid market is expected to register a CAGR of 8.9%, during the forecast period, 2020 - 2025.

  • Natural lactic acid has been the most in-demand type of lactic acid in the market. Its
    use as a preservative has been well known since ages. With the trending concept
    of natural, bio-preservatives are gaining momentum.
  • Distinct role of lactic acid within the confectionery segment has been a driving factor for lactic acid market, which can otherwise be replaced by other organic acids.

North America Lactic Acid Industry Segmentation

The North America lactic acid market is segmented by source and application. On the basis of source, the market is segmented into natural and synthetic. On the basis of application, the market is segmented into meat, poultry and fish, beverages, confectionery, bakery, fruits and vegetables, and dairy. The market is also segmented by geography.

Source
Natural
Synthetic
Application
Meat, Poultry, and Fish
Beverage
Confectionery
Bakery
Fruits and Vegetable
Dairy
Geography
United States
Canada
Mexico
Rest of North America
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North America Lactic Acid Market Size Summary

The North America lactic acid market is experiencing significant growth, driven by the increasing demand for natural and bio-preservatives. Lactic acid, particularly in its natural form, is gaining traction due to its preservative qualities and its role in the confectionery industry. It is used to reduce sugar inversion in hard candies and prevent gelatine degradation in soft candies, making it a preferred choice over other organic acids. The market is characterized by a strong preference for organic lactic acid, with consumers willing to pay a premium for sustainably produced options. This trend is supported by the growing awareness of the benefits of natural ingredients among consumers in the United States, which is expected to hold the largest market share in the region.

The market landscape in North America is fragmented, with major players like Corbion NV, Cellulac, Galactic, and Cargill focusing on new product development and strategic marketing to navigate the challenges posed by volatile commodity costs. The sustainable production of lactic acid presents a significant opportunity, offering benefits such as reduced energy requirements and eco-friendliness. However, the presence of substitutes in the food sector poses a challenge to market growth. Despite these challenges, the lactic acid market continues to expand, supported by its diverse applications and the increasing preference for natural and organic products.

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North America Lactic Acid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Source

      1. 2.1.1 Natural

      2. 2.1.2 Synthetic

    2. 2.2 Application

      1. 2.2.1 Meat, Poultry, and Fish

      2. 2.2.2 Beverage

      3. 2.2.3 Confectionery

      4. 2.2.4 Bakery

      5. 2.2.5 Fruits and Vegetable

      6. 2.2.6 Dairy

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Lactic Acid Market Size FAQs

The North America Lactic Acid Market is projected to register a CAGR of 8.90% during the forecast period (2024-2029)

Corbion NV, Cellulac, Galactic, DuPont and Cargill are the major companies operating in the North America Lactic Acid Market.

North America Lactic Acid Report Snapshots

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