Lactic acid has widely gained popularity across moisturizing creams and lotions and other cosmetics and personal care products because it improves skin moisture, luminosity, and the elimination of dead skin cells while also aiding in skin rejuvenation. According to a Fashion Network survey, skincare and sun care products will expand by 5.6 percent annually in 2020. As a result, rising demand for cosmetics and personal care products is predicted to boost demand for lactic acid (alpha-hydroxy acid (AHA)), which is used in their manufacturing, resulting in market expansion in the future years.
Frequently Asked Questions
The market is segmented based on Segmentation, By Raw Material (Corn, Sugarcane, Cassava, Other Crops), Application (Industrial, Food and Beverages, Pharmaceutical, Personal Care, Polyactic Acid, lactic Acid, Others), Source (Natural, Synthetic), End-User (Packaging, Textile, Electronics, Automotive, Biomedical, Other) – Industry Trends and Forecast to 2032
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The Global Lactic Acid Market size was valued at USD 2.70 USD Billion in 2024.
The Global Lactic Acid Market is projected to grow at a CAGR of 10.9% during the forecast period of 2025 to 2032.
The major players operating in the market include Corbion, DuPont, Vaishnavi Bio Tech International Limited, GODAVARI BIOREFINERIES LTD, Cargill orporated, DOW, Unitika , Henan Jindan Lacic Acid Technology Co. , Sulzer , Musashino Chemical Laboratory , Vigon International LLC, Henan Xinghan Biology Technology Co. , Danimer Scientific, COFCO, Jungbunzlauer Suisse AG, FoodChem International Corporation, Spectrum Chemicals, ProAgro GmbH, and QINGDAO ABEL TECHNOLOGY CO.,.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
