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Lactic Acid Market Size Worth $5.02 Billion By 2028 | CAGR: 8.0%: Grand View Research, Inc.


Lactic Acid Market Size Worth $5.02 Billion By 2028 | CAGR: 8.0%: Grand View Research, Inc.
SAN FRANCISCO, April 26, 2021 /PRNewswire/ The global lactic acid market size is expected
to reach USD 5.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected
to expand at a CAGR of 8.0% from 2021 to
2028. The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally. ....

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