Africa Lactic Acid Market Size

Statistics for the 2023 & 2024 Africa Lactic Acid market size, created by Mordor Intelligence™ Industry Reports. Africa Lactic Acid size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Africa Lactic Acid Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
africa lactic acid market summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.30 %
Market Concentration High

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Africa Lactic Acid Market Analysis

Africa Lactic Acid Market is projected to grow at a CAGR of 6.3% during the forecast period (2020-2025).

  • Lactic acid demand in the food and beverage market is 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 beverage products.
  • The major drivers for the lactic acid market are increased demand in food applications of lactic acid, availability of cheap raw materials, various functional properties of lactic acid, and regulatory approval by international regulations.

Africa Lactic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)