Lactic acid is the mildest of all AHAs and works very well on the skin. It is also a natural antibacterial, which makes it great for acne and blemish-prone skin. It also encourages cell turnover and helps fade hyperpigmentation spots like sunspots, making it a true hero ingredient. As an Alpha-Hydroxy Acid, this multitasking ingredient brightens, exfoliates, and helps the skin absorb more vitamin C, helping to firm and tighten the appearance of pores. It also helps to fade sun spots and age spots, reduces acne lesions, and smoothes fine lines and wrinkles.

Market Dynamics:

The global lactic acid market is expected to witness significant growth over the forecast period due to increased use in food & beverage, and cosmetic industries. Moreover, growing personal care and pharmaceutical industries is also expected to fuel market growth. Furthermore, increasing usage in manufacturing different types of bio plastics for the packaging industry is further expected to drive growth of the market over the forecast period.

However, high production costs is a key factor limiting the market growth.

Key features of the study:

• This report provides in-depth analysis of the global lactic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global lactic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Futerro, BASF SE, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd., Musashino Chemical (China) Co., Ltd., Corbion, thyssenkrupp AG, Dow, Cellulac, and Jungbunzlauer Suisse AG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global lactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lactic acid market

Detailed Segmentation:

• Global Lactic Acid Market, By Raw Material
  • Corn
  • Sugarcane
  • Cassava
  • Other Crops
• Global Lactic Acid Market, By End Use
  • Food & Beverages
  • Industrial
  • Pharmaceutical
  • Personal Care
  • Polylactic Acid
  • Others
• Global Lactic Acid Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
• Company Profiles
  • Futerro
  • BASF SE
  • Galactic
  • Henan Jindan Lactic Acid Technology Co. Ltd.
  • Musashino Chemical (China) Co., Ltd.
  • Corbion
  • thyssenkrupp AG
  • Dow
  • Cellulac
  • Jungbunzlauer Suisse AG