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