Innovations Driving the Lactic Acid Market: A Comprehensive Analysis
The Lactic Acid Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Lactic acid is an organic acid produced widely through fermentation of sugars by lactic acid bacteria. It is used as an active pharmaceutical ingredient and as an excipient in pharmaceutical formulations. It is also used as acidulant in food and beverage industry. Its other applications include use in personal care products and biodegradable polymers. Market Dynamics: Rising demand from pharmaceutical industry is expected to drive growth of the global lactic acid market during the forecast period. Lactic acid is used widely as an active pharmaceutical ingredient for manufacturing drug formulations. It is used in manufacturing various drugs for indications such as acne treatment, pyogenic infections, and respiratory disorders. Increasing prevalence of such conditions is expected to subsequently drive the ...