D-lactic Acid Market Trends

  • Report ID: 3952
  • Published Date: Aug 06, 2023
  • Report Format: PDF, PPT

D-lactic Acid Market Trends

Growth Drivers

  • Upsurging Demand in Plant-Based Food Products- As more consumers switch to plant-based diets such as plant-based meat, as there is a growing demand for plant-based food products made with natural ingredients. D-lactic acid, which is frequently obtained from plant sources, is becoming increasingly popular as an ingredient in these products. As per the recent analysis, the unit sales of plant-based meat have raised by more than 15 % since 2019.
  • Increasing Utilization in the Food and Beverage Industry- D-lactic acid is used as a food additive and preservative in the food and beverage industry. As per the report in 2022, the food and beverage industry makes up more than 2.5 % of India’s GDP.
  • Upsurging Consumer Preferences for Natural Ingredients - There is a growing preference among consumers for natural ingredients in food and beverage products. D-lactic acid, which is produced through the fermentation of natural sugars is considered a natural ingredient and as a result, becoming increasingly popular.
  • Growth of the Probiotic Market- According to research, the global probiotics market is expected to reach USD 75 billion during the upcoming years.

Challenges-

  • Lack of Availability of Raw Material- D-lactic acid is typically produced through the fermentation of carbohydrates such as glucose or corn syrup. The availability of these raw materials may be limiting the market growth of the D-lactic acid market.
  • Lower Cost of Inorganic Pesticides
  • Volatility in the Raw Material Price

D-lactic Acid Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~7 %

Base Year Market Size (2022)

~ USD 235 Million

Forecast Year Market Size (2035)

~ USD 900 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3952
  • Published Date: Aug 06, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing Utilization in the Food and Beverage Industry and Upsurging Consumer Preferences for Natural Ingredients are the major factors driving the market growth.

The market size of d-lactic acid is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023-2035.

The major players in the market are BASF SE, Corbion NV, Lallemand Inc., GALACTIC Group, Tate & Lyle PLC, Musashino Chemical Laboratory, Ltd., Juneng Golden Corn Co. Ltd., and others.

The above 90% segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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