The lactic acid market involves the production and distribution of lactic acid, an organic acid that is widely used in various industries, including food and beverage, pharmaceuticals, cosmetics, and biodegradable plastics. Lactic acid is produced through the fermentation of carbohydrates and is recognized for its role as a preservative, acidulant, and pH regulator. The market is experiencing...

Executive Summary The Global Lactic Acid Market is witnessing significant growth driven by increasing demand for bio-based materials and the rising need for sustainable solutions in various industries. Valued at approximately USD 2,982 million in 2024, the market is projected to reach USD 5,728 million by 2030, with a robust CAGR of 11.49% during the forecast period. This press...