Lactic acid, also known as 2-hydroxypropanoic acid, is an organic compound with the chemical formula 𝐶3𝐻6𝑂3. The lactic acid market has been experiencing significant growth due to its wide range of applications across various industries. Market Size and Lactic Acid Market Growth Volume: The demand for lactic acid is expected to increase in tandem with market value, driven by its rising use...

Lactic Acid Industry The global lactic acid market size was estimated at USD 3.37 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2030. The usage of this form in various end use industries including pharmaceuticals, food & beverages majorly in emerging economies such as India, China, and Indonesia are anticipated to drive demand...

Lactic Acid Industry Overview The global lactic acid market size was estimated at USD 3.37 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2030. The usage of this form in various end use industries including pharmaceuticals, food & beverages majorly in emerging economies such as India, China, and Indonesia are anticipated to drive demand...

Lactic Acid Industry The global lactic acid market size is expected to reach USD 5.80 billion by 2030, expanding at a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growth can be attributed to increasing demand for this product in various end-use industries, including industrial, food & beverages, and pharmaceuticals, especially in emerging economies...