WASHINGTON — Vantage Market Research, a research company focused on B2B insights in emerging markets, has released a new analysis of the global lactic acid market, finding that increasing applications of the product across industries is expediting growth. The valuation of the market is expected to reach $3.6 billion by 2028.
The food and beverage sectors are prominent industries that use lactic acid, a substance that can extend shelf life, enhance the taste and texture of food products, and act as an acidifier. The FDA deems it as generally safe to use in many ways including as an antimicrobial agent, a pH controller and as a flavor enhancer. It can even be used as a curing and pickling agent.
