Market Trends of South America Lactic Acid Industry
This section covers the major market trends shaping the South America Lactic Acid Market according to our research experts:
High Demand for Food Acidulants
Owing to various functional properties of lactic acid, it is used as a key ingredient in food & beverage products. Lactic acid has its wide scope of application in the food and beverage industry coupled with the range of functional benefits provided by food acidulants are key factors driving the food acidulants market in South America. In addition, the robust growth in the food and beverage sector majorly supports the market worldwide. With the economic development along with changing consumer behavior in South America, the region outshines as a promising market for the food and beverage industry supplementing the consumption of food acidulants.
Brazil holds a Prominent Share in the Market Studied
The current dynamics of the Brazilian lactic acid market is expected to earn a major regional share in the lactic acid market. Owing to the increased scenario of production industries in Brazil region and usage of lactic acid as an ingredient to tailor products strictly in accordance with the consumer needs is providing a handsome opportunity in the market. Brazil has the third-largest dairy herd in the world behind the European Union and India. Tailoring of the many dairy-free or vegan foods in the region requires the usage of lactic acid, which is propelling the growth of the market. Increased usage in dairy products, such as ice cream and cheese is driving the growth of the lactic acid market in the South America region.
