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.
It’s produced as a result of fermentation of sugars and is commonly found in sourdough bread or other baked goods that use the sourdough process, giving it that signature tangy flavor that consumers love.
The Asia Pacific region dominated global lactic acid production in 2021 and is likely to continue the same trend during the period of the group’s forecast through 2028. This growth stems from new businesses that use the ingredient throughout the region including food and beverage, pharmaceuticals, and even personal care. Lactic acid is often used in cosmetics to help treat hyperpigmentation, age spots, skin tone and large pore appearance, making it an incredibly versatile ingredient across many products.
To read the full report, visit Vantage Market research’s website.
