The natural L-lactic acid market is likely to register a CAGR of 2.5% during the forecast period, and is anticipated to reach a market share of US$ 1.83 Bn in 2032, from US$ 0.99 Bn in 2020, owing to the increasing inclination of the manufacturers towards the use of natural ingredients.
| Attributes | Details |
| Natural L-Lactic Acid Market CAGR | 2.5% |
| Natural L-Lactic Acid Market Size (2020) | US$ 0.99 Bn |
| Natural L-Lactic Acid Market Size (2032) | US$ 1.83 Bn |
Demand for natural L-lactic acid is high, since it has long been utilized in a variety of industries, including food, beverage, pharmaceuticals, cosmetics, animal feed, chemical, and so on. Natural L-lactic acid has numerous benefits, including improving the texture of pharmaceutical formulations, improving flavor, increasing microbiological stability during beer production, and providing antibacterial qualities, which is enhancing the sales of natural L-lactic acid.
During the projected period, demand for natural L-lactic acid salts is expected to rise due to a variety of applications. Potassium lactate, sodium lactate, and calcium lactate are natural L-lactic acid salts that have numerous applications in the pharmaceutical and food industries, which contributes to the natural L-lactic acid market share.
Due to their excellent solubility and palatability, natural L-lactic acid salts are employed in the manufacture of toxins. The sales of natural L-lactic acid are expected to benefit from rising demand for natural L-lactic acid salts in the end-use industry.
One of the expected drivers of the demand for natural L-lactic acid will be the growing concern about environmental issues. Ingredients that aid in the manufacturing of biodegradable products are sought by industry participants. As a result, manufacturers are attempting to create lactate polymers that are biocompatible and biodegradable, to encourage the sales of natural L-lactic acid.
The manufacturing of lactate polymers is a great alternative to petrochemical-derived plastics. As a result, the natural L-lactic acid market is expected to grow due to manufacturers' growing preference for natural components.
Natural L-lactic acid extends the shelf life of the product, which is thought to be one of the primary causes driving up demand for natural L-lactic acid in end-use industries. Sales of natural L-lactic acid is high, as it is also employed in a variety of industries, including the bakery business, where it is used for direct acidification of bread items, and pharmaceutical products, where it is used as a pH regulator.
Natural L-lactic acid is used to improve the flavor of beverages, such as juices, carbonated drinks, soft drinks, and so on. Sales of natural L-lactic acid are expected to grow in popularity due to its numerous applications and benefits.
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the five regions that make up the market (MEA). The United States and Canada are two countries that make up the North American continent.
Demand for natural L-lactic acid is predicted to increase in North America and Europe. Increased health awareness, a growing desire for clean-label products, and rising demand for natural products, among other factors, are likely to drive the natural L-lactic acid market share in North America and Europe. Demand for natural products will boost the sales of natural L-lactic acid in the coming years.
Corbion, Jungbunzlauer Suisse AG, Galactic, Space Good Biotech Co., Ltd., Prathista Industries Limited, Lee Biosolutions, Inc, Wuhan Sanjiang Tripura Biotech Limited, and Penta Manufacturing Company are some major players in the natural L-lactic acid market, which contributes to the natural L-lactic acid market share.
| Report Attribute | Details |
| Growth rate | CAGR of 2.5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2015 - 2020 |
| Forecast period | 2022 - 2032 |
| Quantitative units | Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Purity, form, end use, region |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand |
| Country scope | U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa |
| Key companies profiled | Corbion, Jungbunzlauer Suisse AG, Galactic, Space Good Biotech Co., Ltd., Prathista Industries Limited, Lee Biosolutions, Inc, Wuhan Sanjiang Tripura Biotech Limited, and Penta Manufacturing Company |
| Customization scope | Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The natural L-lactic acid market is anticipated to register a CAGR of 2.5% during the forecast period.
The natural L-lactic acid market share is anticipated to reach US$ 1.83 Bn in 2032.
Demand for natural L-lactic acid is likely to rise, owing to the increasing inclination of the manufacturers towards the use of natural ingredients.
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Natural L-Lactic Acid Market
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