Global Encapsulated Lactic Acid Market 2024-2028
The encapsulated lactic acid market is forecasted to grow by USD 334.35 mn during 2023-2028, accelerating at a CAGR of 6.62% during the forecast period. The report on the encapsulated lactic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in popularity of probiotics, health benefits of natural preservatives over synthetic food preservatives, and increasing demand for minimally processed food.
Technavio's encapsulated lactic acid market is segmented as below:
By Type
By Application
- Confectionery
- Dairy products
- Sauces and meats
- Salad and dressings
- Pharmaceuticals
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the growing penetration of online food retailing as one of the prime reasons driving the encapsulated lactic acid market growth during the next few years. Also, growing popularity of organic food additives and rising awareness about lactose-free products will lead to sizable demand in the market.
The report on the encapsulated lactic acid market covers the following areas:
- Encapsulated lactic acid market sizing
- Encapsulated lactic acid market forecast
- Encapsulated lactic acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading encapsulated lactic acid market vendors that include Advanced BioNutrition Corp., Balchem Inc., BASF SE, Cargill Inc., COFCO Corp., Corbion nv, Danimer Scientific Inc., Dow Chemical Co., DuPont de Nemours Inc., Food Ingredient Technology Co. Ltd., Gat Foods, Henan Jindan lactic acid Technology Co. Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Lycored, Royal FrieslandCampina NV, Teijin Ltd., Unitika Ltd., and Vigon International Inc.. Also, the encapsulated lactic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.