Global Lactic Acid Market Is Projected To Post A CAGR of 15.6% Over The Forecast Period
“ Lactic Acid Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation ” The global lactic acid market is segmented into application such as food & beverages, pharmaceutical, personal care, industrial and others. Among these segments, industrial lactic acid segment is expected to occupy the top position in global lactic acid market. Growing applications of lactic acid in the production of PLA plastics and resins is predicted to trigger the growth of the industrial lactic acid market. Further, increasing demand for advanced personal care products is providing immense growth opportunities to the lactic acid application in personal care segment. Global lactic acid market is expected to flourish at a significant CAGR of 15.6% over the forecast period. Moreover, the global lactic acid market is expected to garner USD 9.8 Billion by the end of 2024. Growing personal care & cosmetics industry and increasing u...