Market Size of South America Lactic Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Lactic Acid Market Analysis
South America Lactic Acid Market is projected to register a CAGR of 7.4%, during the forecast period, 2020 - 2025.
- Natural lactic acid has been the most in-demand type of lactic acid in the market. Its
use as a preservative has been well known for ages. With the trending concept
of natural, bio-preservatives are gaining momentum. - The distinct role of lactic acid within the confectionery segment has been a driving factor for the lactic acid market, which can otherwise be replaced by other organic acids.
