Polylactic Acid Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022 - 2032 The naturally obtained Polylactic acid is formed by the fermentation process through bacterial reaction, the prominent bacteria involved in the process are lactobacillus, bifidobacterium, pediococcus among others. Moreover, lactic acid is also naturally present in human body obtained from glyc ogen through muscles cells to support energy production when oxygen supply is inadequate in the body. Lactic Acid Market is expected to reach US$ 6.76 Bn in 2032, likely to surge at a vigorous 8% CAGR during the forecast period of 2022 – 2032. Lactic acid forms an important industrial product, which is used in the formation of various small or large compounds. Lactic acid is formed through the breakdown of glucose and its oxidation. Lactic acid can be processed both naturally and synthetically. However, che mically lactic acid is derived through the hydrolysis of lacto nitrile. Lactic acid finds extensive application in food industry as it helps to regulate micro flora in the food and act as food preservatives. It is formed by the natural fermentation process in food products such as cheese, soy sauce, pickled vegetables among others. Apart from food industry, it is widely used in pharmaceutical and chemical industry. The polymers of lactic acid are widely used as labelling and packaging material as they are b iodegradable and being biocompatible in nature, they are being used in manufacturing of sutures, drugs and prosthetic devices. Global Polyl actic Acid Market: Drivers and Restraints The widespread applicability of lactic acid across various sectors is driv ing the demand for lactic acid market. Lactic acid possess various peculiar characteristics, which has different roles to be played in various food segments. . In meat poultry and fish products lactic acid helps to prolong their shelf life along with preve nting the growth of pathogenic bacteria. In pickled vegetables and salad dressings, lactic acid helps to prevent their spoilage and enhances the product safety, whereas in dairy products certain bacteria breakdown the sugar of milk into lactic acid which p rovides a creamy texture and savoury flavour to the products such as yogurt whose flavour and texture is dependent upon the presence of lactic acid. Hence broad spectrum of applicability in food industry is spurring the growth of lactic acid market. Owing to antimicrobial, moisturizing property of lactic acid, it has a revitalising effect on the skin. Hence, is gaining popularity among cosmetics manufacturers. In other non - food application lactic acid is available as myriad which is extensively used in vari ous industrial applications such as pharmaceuticals, chemical and textile industry Thereby, propelling the growth of lactic acid market. The major challenge faced by the lactic acid market is to fermentation process of the lactic acid which requires techno logical optimization and product purification. Moreover, this biotechnological production requires optimization of nutrients thus, leading to high manufacturing cost. Thereby, restraining the growth of lactic acid market. Global Polyl actic Acid Market: Key Players Some of the prominent players identified in the global lactic acid market includes: NatureWorks LLC Corbion Galactic s.a. Archer Daniels Midland Company Musashino Chemical (China) Co.,Ltd. Palsgaard A/S Henan Jindan Lactic Acid Technology Co., Lt d Sigma - Aldrich Co. LLC. Futerro The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry - validated market data. It also contains projections us ing a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications. The report is a compilation of first - hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in - depth analysis of parent market trends, macro - economic indicators and governin g factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. Global Polyl actic Acid Market by Segmentation By Raw Material: Corn Sugarcane Cassava Other Crops By Application: Industrial Food & Beverages Pharmaceuticals Personal Care Polylactic Acid (PLA) Others By Region: North America Latin America Europe East Asia South Asia Oceania Middle East and Africa Main Report Link: https://www.futuremarketinsights.com/reports/lactic - acid - market