Lactic Acid Market Overview
<span calibri",sans-serif;mso-ascii-theme-font:minor-latin;="" mso-hansi-theme-font:minor-latin;mso-bidi-theme-font:minor-latin;color:black;="" mso-themecolor:text1"="" style="box-sizing: border-box;">Lactic Acid Market size is estimated to reach $1.4 billion by 2027, growing at a CAGR of 8.3% during the forecast period 2022-2027. Lactic acid is one of the most well-known organic acids, with an extensive series of industrial applications. The food, chemical, pharmaceutical and cosmetics sectors are mostly utilizing lactic acid. Lactobacillales are an order of gram-positive, low-GC, acid-tolerant, ordinarily nonsporulating, non-respiring, either rod-shaped (bacilli) or spherical (cocci) bacteria that share typical metabolic and physiological traits. These bacteria, normally discovered in decomposing plants and milk products, generate lactic acid as the principal metabolic end product of carbohydrate fermentation, providing them the typical name lactic acid bacteria (LAB). Lactic acid is essential for preparing wine and fermented dairy products, as well as pickling vegetables. Lactic acid E270 can be utilized in meat, poultry and fish in the form of sodium or potassium lactate to expand shelf life, regulate pathogenic bacteria (enhance food security), improve and safeguard meat flavor, enhance water binding capacity and decrease sodium. Lactic acid serves an assortment of purposes, like a catalyst, food emulsifier and hazardous chemical or plastic replacement. Lactic acid is utilized as a catalyst in the generation of an assortment of industrial products. The application of lactic acid as a substitute for harmful chemicals and polymers, particularly in food and drinks and pharmaceuticals, is fueling the expansion of the Lactic Acid Industry. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It is utilized as a synthetic intermediate in numerous organic synthesis industries and in different biochemical industries. The conjugate base of lactic acid is termed lactate. The derived acyl group is named Lactoyl. Enzyme Lactate dehydrogenase (LDH) is an enzyme discovered in most living organisms accountable for the conversion of pyruvate, the end product of glycolysis, into lactic acid. Additionally, lactic acid has several applications in the manufacture of drugs as an electrolyte in numerous, parenteral/I.V. The principal functions for pharmaceutical applications are pH-regulation, chiral intermediate and metal sequestration, as a natural body component in pharmaceutical products.
The surging application of lactic acid in distinct end-use sectors, inclusive of pharmaceuticals and food and beverages is set to drive the Lactic Acid Market. The soaring accessibility of cheap raw materials, different functional characteristics of lactic acid and the regulatory approval by international regulations are set to propel the growth of the Lactic Acid Industry during the forecast period 2022-2027. This represents the Lactic Acid Industry Outlook.
Lactic Acid Market Report Coverage
The “Lactic Acid Market Report - Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Lactic Acid Market.
By Raw Material: Sugarcane, Corn, Cassava and Others.
By Application: Food & Beverages, Pharmaceuticals, Personal Care and Others.
By Geography: North America (the U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest Of The World (Middle East, Africa).
Key Takeaways
- Geographically, North America (Lactic Acid market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the expanding personal care, pharmaceutical applications involving functions like metal sequestration and food and beverages industries and the advancing pharmaceutical industry in the U.S. as a result of rising expenditures on medicines in the North American region.
- Lactic Acid Market growth is being driven by the surging application of lactic acid which is an alpha hydroxy acid (AHA), in the production of Polylactic Acid (PLA), which is a biodegradable polymer and a compostable thermoplastic prepared from renewable sources, like lactic acid, generated through fermentation processes. However, the fermentation process of the lactic acid which needs technological optimization and product purification and the biotechnological production needing optimization of nutrients thereby resulting in soaring manufacturing costs are some of the major factors hampering the growth of the Lactic Acid Market.
- Lactic Acid Market Detailed Analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Lactic Acid Market report.
Lactic Acid Market Segment Analysis - by Raw Material
The Lactic Acid Market based on raw materials can be further segmented into Sugarcane, Corn, Cassava and Others. The Sugarcane Segment held the largest Lactic Acid market share in 2021. This growth is owing to the surging application of Sugarcane as feedstock for the production of lactic acid attributed to its allowing producers to enhance sustainability. For example, the increase in demand for farming land across the globe makes sugarcane a more beneficial raw material owing to its typically producing a higher yield per hectare than other feedstocks, like corn or rice. This means that there needs to be an abundance of sugar accessible for lactic acid producers to utilize even when farming land decreases. Its byproduct molasses include heavy metals which have a growth-inhibitory effect. The main sugar content in molasses is sucrose which often needs to be hydrolyzed to glucose and fructose, especially for utilization by Lactobacillus species. Lactobacillus species can convert sugar content to lactic acid with great efficiency. Lactic acid is an alpha hydroxy acid (AHA) and is a chemical exfoliator typically made from sugarcane which is further propelling the growth of the Sugarcane segment.
Furthermore, the Corn segment is estimated to grow with the fastest CAGR of 9.5% during the forecast period 2022-2027 owing to the soaring preparation of Lactic acid which is an alpha hydroxy acid (AHA) from corn and its frequent application as an exfoliant and in anti-wrinkle products and in body wash where it functions as a natural preservative. Presently, nearly 90% of the commercially accessible lactic acid is generated by submerged fermentation of corn and the corn feedstock is responsible for almost 70% of the complete production cost (Abdel-Rahman et al., 2013). The heightening production of Poly(lactic acid) or polylactic acid or polylactide (PLA) as a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable biomass, classically from fermented plant starch like from corn is further fuelling the growth of this segment.
Lactic Acid Market Segment Analysis - by Application
The Lactic Acid Market based on the application can be further segmented into Food & Beverages, Pharmaceuticals, Personal Care and Others. The Food & Beverages Segment held the largest Lactic Acid market share in 2021. This growth is owing to the advantageous characteristics of Lactic acid like its capacity to enhance the flavor of food and beverages while also extending their shelf life by inhibiting the growth of pathogenic microbes. With the heightening penetration of lactic acid in the fish, poultry and meat industries, demand for these products is estimated to increase as a result of these features. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It occurs naturally in numerous edible products and is also a vital ingredient in the food industry. Also, lactic acid is non-toxic and consequently recognized and classified as a ‘Generally Recognized as Safe’ substance by the U.S. Food and Drug Administration (FDA) for extensive application as an additive in the food industry. The soaring application of lactic acid as a flavoring substance in numerous food products like pickles and fermented milk, the production of lactic acid during the fermentation process of numerous healthy foods, including yogurt, kimchi and miso and the proliferating application of lactic acid as a food preservative for cheese, olives and desserts are further propelling the growth of this segment.
Furthermore, the Pharmaceuticals segment is estimated to grow with the fastest CAGR of 9.9% during the forecast period 2022-2027 owing to the expanding application of Lactic acid in pharmaceutical manufacture. Lactic acid is divided into lactate (Lactate ions) and Hydrogen ions. The advantageous properties of lactic acid like metal sequestration, pH regulator, effectiveness in being a natural body constituent and chiral intermediate in pharmaceutical products are further fuelling the growth of this segment.
Lactic Acid Market Segment Analysis - by Geography
The Lactic Acid Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. North America (Lactic Acid Market) held the largest Lactic Acid market share with 39% of the overall market in 2021. this growth is owing to the existence of personal care and cosmetic firms like Maybelline New York, Procter and Gamble, the Colgate-Palmolive Company, Avon, Unilever and Johnson and Johnson Private Limited in the North American region. The robust manufacturing base of international cosmetic manufacturers, like Procter and Gamble, Unilever and Johnson and Johnson Private Limited, in the U.S. results in greater demand for personal care products, emerging demand for Polylactic Acid (PLA) attributed to the U.S. government's endeavors toward decreasing carbon footprint, soaring demand from packaging applications and the growth of the pharmaceutical and personal care industries are further propelling the growth of the Lactic Acid Industry contributing to the Lactic Acid Industry Outlook in the North American region.
Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the rise in the application of lactic acid as a food additive resulting in greater demand for lactic acid in the Asia-Pacific region. Lactate is metabolized essentially in the liver (60%) and kidney (30%). Heightened demand for lactic acid in meat and additional food applications, accessibility of low-cost raw materials, technological innovation and powerful backing from large manufacturing businesses are further fuelling the growth of the Lactic Acid Industry in the Asia-Pacific region.
Lactic Acid Market Drivers
The Growing Demand for Lactic Acid in Food and Beverage Applications is Propelling the Growth of the Lactic Acid Market:
Lactic acid is considered a critical constituent in food and beverage products owing to its distinct functional qualities. The extensive series of applications of lactic acid in the food and beverage sector, as well as the assortment of functional advantages provided by food acidulants, are fuelling the growth of the Lactic Acid Market. There are two kinds of lactic acid drinks namely lactic drinks and pasteurized lactic drinks. Pasteurized lactic drinks are manufactured by pasteurizing fermented milk. Proteins in lactic acid drinks are suitably stabilized in order to avoid sedimentation and separation during the shelf life. In the food & beverage industry, lactic acid is preferred over synthetic chemicals owing to their altered flavor, texture, or characteristics of products to increase their shelf life. In the dairy industry, lactic acids are used to coagulate milk and produce cheese flavors. Whereas in the brewing industry, lactic acid improves starch conversion in beer, thereby increasing the yield. In the baking industry, lactic acid help in controlling the acidity of the dough and improving the shelf life of baked goods. Major uses of lactic acid in the food industry are found in cheese manufacturing, baking, confectionery manufacturing, processed meat and vegetable processing. The molecular weight or molar mass of lactic acid is 90.08g/mol while its PH level is 3.51 per 1 mM of lactic acid. The recommended dosage of calcium lactate in the dough is 0.1-1% to restrict mold growth and for good taste. Formerly utilized at concentrations between 2 and 5 percent to treat beef, lactic acid is certified for application at concentrations up to 10 percent for certain processes. The growing demand for lactic acid in food and beverage applications is therefore propelling the growth of the Lactic Acid Market.
The Increasing Usage of Lactic Acid in Pharmaceuticals, Cosmetics and Personal Care Industry is Fuelling the Growth of the Lactic Acid Industry:
Lactic Acid Market Challenges
The Possible Side Effects of Lactic Acid in Food are Hampering the Growth of the Lactic Acid Market:
Lactic acid is an alpha-hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. Lactic Acid, 85 Percent, FCC is utilized as a food preservative, curing agent and flavoring agent. Lactic acid, or lactate, may be regarded as a chemical byproduct of anaerobic respiration. Although lactic acid is typically regarded as safe and has been connected with numerous health advantages, it may bring about side effects for certain people. Specifically, fermented foods and probiotics may temporarily aggravate digestive problems like gas and bloating. One small investigation in 38 people connected probiotic application, increased blood levels of lactic acid and bacterial overgrowth in the small intestine with symptoms like gas, bloating and brain fog - a condition represented by impaired memory and concentration. Certain research also recommends that probiotics influence immune function distinctly in healthy people in comparison with those who are immunocompromised. Furthermore, these safety concerns are principally for individuals with serious health conditions utilizing probiotic supplements. Probiotics, inclusive of lactic acid-producing bacteria, may bring about digestive issues and brain fog in certain people. They may also adversely influence immunocompromised people, though this mostly applies to supplements instead of foods. These issues are restraining the growth of the Lactic Acid Market.
Lactic Acid Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Lactic Acid Market. The Top 10 companies in the Lactic Acid market are:
- Galactic
- Corbion N.V.
- Cargill Incorporated
- DuPont de Nemour Inc.
- Vigon International Inc.
- Henan Jindan Lactic Acid Technology Co. Ltd.
- BASF SE
- Mitushi Biopharma
- Musashino Chemical Laboratory
- Synbra Technology
Recent Developments
- In September 2021, LG Chem, a leading global diversified chemical firm and ADM, a global leader in nutrition and biosolutions, declared that they have marked a memorandum of understanding (MoU) to explore US-based generation of lactic acid to meet the burgeoning demand for an extensive assortment of plant-based products, inclusive of bioplastics. The terms of the agreement were signed by Juan Luciano, chairman and chief executive officer of ADM and Hak Cheol Shin, vice chairman and CEO of LG Chem, at ADM’s global headquarters in Chicago. Under the terms of the agreement, the two firms plan to take steps toward introducing a joint venture in early 2022 that would construct, own and function a U.S.-based facility to generate high-purity corn-based lactic acid on a commercial scale.
- In June 2021, International Flavors and Fragrances (IFF) launched YO-MIX ViV, an “extremely robust” lactic acid bacteria culture for ambient yogurt and additional fermented drinks products. The constituent introduction targets the Asia-Pacific region, with attention aimed at China. YO-MIX ViV is marketed as a rare culture that permits producers to provide ambient yogurt and other fermented beverages with greatly stable live cultures all through shelf-life for the earliest time.
- In April 2021, Total Corbion PLA, a 50/50 joint venture between Total and Corbion, started the front-end engineering design stage for its novel 100,000-tonne-per-year Poly Lactic Acid (PLA) factory in Grandpuits, France. The facility will be the first of its kind in Europe when it opens in 2024. Total Corbion PLA would become the global market leader in PLA, well-positioned to meet the constantly increasing demand for Luminy® PLA resins. This concludes the Lactic Acid Industry Outlook.
Relevant Reports:
Report Code: FBR 0021
Report Code - AGR 0058
Report Code: FBR 0570
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