DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Lactic Acid Market - By Product Type, Application and Geography-Market Shares, Forecasts And Trends (2015 - 2020)" report to their offering.
Lactic acid is available in various grades depending upon its purity and its application. Lactic acid demand in food and beverages market are growing with the emerging technology and the growing demand in applications. Due to various functional properties of lactic acid it is used as a key ingredient in food and beverages products.
The major driver for the market are increased demand in food applications of lactic acid, availability of cheap raw materials, various functional properties of lactic acid and the regulatory approval by international regulations. The low cost of raw materials such as molasses, starch, sugarcane, and other carbohydrates for production has been a big advantage for industries as it directly lowers the final cost of the product. Also these raw materials are abundant and easily available in the domestic regions for production which is driving the market. The regulatory approval of lactic acid to be used as a food additive have boosted its applications in food products market. However the large capital investment and the fluctuations in raw material prices being a restraint for the market.
The sustainable production of lactic acid from biochemical process has created a good opportunity for the market. The high investment in the production of lactic acid is still a big challenge for the market growth. The key players in the market are Galactic, Cargill, Purac, ADM, Henan Jindam Lactic Acid Co., Ltd., Corbion, among others. The major competitors prefers investment in new product development and marketing strategy due to volatility in commodity costs to maintain their position.
2. Research Approach and Methodology
3. KEY FINDINGS OF THE STUDY
4. MARKET OVERVIEW
5. MARKET SEGMENTATION
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/hdg3fn/global_lactic