Press release
North America Lactic Acid Market Positive Outlook for Industry Opportunities & Trends for Expansion In 2030
North America Lactic Acid Market Positive Outlook for Industry Opportunities & Trends for Expansion In 2030
The North America lactic acid market is expected to reach US$ 666.25 million in 2027 from US$ 331.65 million in 2019. The market is anticipated to grow at a CAGR of 9.1 % from 2020 to 2027. Factors driving the market growth widening application scope and multi-functionalities of lactic acid. However, fluctuating raw material prices is likely to have a negative impact on the market growth.
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The dry lactic acid segment accounted for a larger share of the North America lactic acid market, by form, in 2019. The food and beverages segment accounted for a larger share of the North America lactic acid market, by application, in 2019.
MARKET INTRODUCTION
Lactic acid also known as lactate refers to a chemical byproduct of the anaerobic respiration. It also is a type of organic acid which is obtained during fermentation. The feedstock employed in the production of lactic acid is carbohydrate which can be obtained from sources such as sugarcane, corn starch or tapioca starch. Lactic acid also serves as the building block of polylactic acid and is used in variety of applications like food & beverages, personal care and pharmaceuticals.
List of Companies Profiled in the North America Lactic Acid Market Report are:
• Continental Carbonic Products Inc
• CryoCarb
• Linde Plc
• Nippon Sanso Holdings Corp
• Reliant Dry Ice Ltd
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Key Segmentation:
By Form
• Dry
• Liquid
By Application
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Others
Table of Contents
Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.
Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
Breakdown by Product and Application: This section provides details about market size by product and application.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
Key Findings of the Research Study
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Ankit Mathur
Email: sales@businessmarketinsights.com
Phone: +16467917070
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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