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According to Fortune Business Insights™, the global lactic acid market size was USD 1.18 billion in 2020. The market is projected to grow from USD 1.28 billion in 2021 to USD 2.43 billion in 2028 at a CAGR of 9.6% during the 2021-2028 period.

According to our researchers, lactic acid or 2-Hydroxypropanoic acid is a natural biological acid with several applications in the food, pharmaceutical, chemical, cosmetic, and medical industries. It is formed by fermenting sugar acquired from renewable means, terming it as an eco-friendly creation. The product is generally utilized in polylactic acid (PLA) formation, a compostable thermoplastic and recyclable polymer created from renewable mediums.

Source:

https://www.fortunebusinessins....ights.com/lactic-aci

 

www.fortunebusinessinsights.com

Lactic Acid Market Size, Share & Growth | Industry Trends, 2028

The global lactic acid market is projected to grow from $1.28 billion in 2021 to $2.43 billion in 2028 at a CAGR of 9.6% in forecast period, 2021-2028

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