“Global Encapsulated Lactic Acid Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global encapsulated lactic acid market had revenue of about USD 946.1 million in 2022, and it is predicted that it will increase at a CAGR of more than 6.8% from 2018 to 2030, reaching about USD 1499.46 million.
Market Overview
Encapsulated lactic acid is a bio-based polymer utilized in multiple applications, including food and beverage, medicines, and personal care products. It is manufactured through the fermentation of carbohydrates by lactic acid bacteria. Lactic acid encapsulation improves its solubility, stability, and controlled release qualities. Encapsulated lactic acid is a natural and biodegradable material, making it an appealing alternative to environmentally hazardous synthetic materials. The expanding use of encapsulated organic acid in various applications, increased focus on creating bio-based organic acid, increased dietary microencapsulated organic acid use, and rising demand from developing countries drive the global encapsulated organic acid market. Besides, rising organic acid production from renewable sources opens up new potential in the encapsulated organic acid industry. However, the high price of organic acid and variable raw material prices and availability are projected to hinder the expansion of the encapsulated organic acid market. In addition, the complicated manufacturing process of encapsulated lactic acid can be difficult for small and medium-sized businesses.
Company Profile
- Balchem
Balchem Corp. (Balchem) is a health and wellness firm that creates, manufactures & sells unique performance components and products. Customized food and beverage ingredient systems, microencapsulation solutions, nutritious goods, specialty-packaged chemicals, ethylene oxide (EO), propylene oxide (PO), and choline and choline derivatives are all available from the company. These products are available from Balchem for various applications, including baked foods, processed meats, seasoning mixes, refrigerated and frozen dough systems, nutritional supplements, and confections. It offers items through a network of sales representatives, independent distributors, and sales agents. The company serves food, medical sterilization, feed, pharmaceutical, nutritional, and industrial sectors. Its operations are spread over North America, Europe, and Asia-Pacific. Balchem’s headquarters are in New Hampton, New York, USA.
- LG Chem
LG Chem is a South Korean chemical company that manufactures various products, such as petrochemicals, sophisticated materials, and energy solutions. The corporation has a significant global presence with manufacturing facilities and sales offices in over 40 countries. LG Chem joined the encapsulated lactic acid market by introducing its BioPBS product line, a bio-based and biodegradable lactic acid polymer. LG Chem launched a joint venture with Taiwan-based Far Eastern New Century Corporation in 2020 to boost its biodegradable plastics industry. This collaboration intends to boost production capacity and improve product quality, establishing LG Chem as a prominent participant in the sustainable plastics market.
- Dow
Dow is a global materials science firm that manufactures various chemical, plastic, and agricultural goods. Dow offers encapsulated acid solutions for food preservation and functional food applications in the encapsulated lactic acid sector. The company has a significant position in the worldwide encapsulated lactic acid market and consistently invests in R&D to strengthen its product offerings. Dow announced introducing a new encapsulated lactic acid product in 2020 to improve the shelf life of food items, notably in the meat and poultry industries.
- BASF
BASF is a German global chemical business with operations in various industries, such as chemicals, polymers, coatings, and agriculture. BASF is a leading manufacturer of encapsulated lactic acid, used in multiple applications such as food, personal care, and medicines. BASF has a significant global footprint, with activities in over 80 countries. BASF announced the launch of a new line of encapsulated lactic acid solutions in 2021, intended to increase food and beverage goods’ shelf life and stability.
- Corbion
Corbion NV (Corbion) develops and distributes biochemical, biomedical, bioplastic, and food ingredient solutions. The company’s product offerings include lactic acid and its derivatives, emulsifiers, functional enzyme blends, minerals, vitamins, and algal components. It provides food solutions to various industries, including bread, meat, confectionery, poultry, oils, dairy, seafood, shortening and margarine, drinks, fruits & vegetables, refrigerated food, and emulsifiers. Corbion provides biochemical solutions for agrochemicals, pharmaceuticals, animal health and nutrition, chemicals, personal care, and home care. AlgaPrime DHA, Starplex, Purac, AlgaVia, Puracal, Verdad, Nutrivan, and Ultra-Fresh are some brands the company sells. It is present in Asia, Latin America, North America, Europe, the Middle East, and Africa. The headquarters of Corbion is in Amsterdam, Noord-Holland, the Netherlands.
- Danimer Scientific
Danimer Scientific is a corporation that develops plant-based biodegradable alternatives to standard plastics. The company was established in 2004 and is based in Bainbridge, Georgia, USA. Danimer Scientific announced a collaboration with Columbia Packaging Group, a Canadian packaging manufacturer, in January 2021 to produce eco-friendly straws built from Danimer’s Nodax PHA material.
- Synbra Technology
Synbra Technology is a Dutch firm that specializes in developing sustainable packaging solutions. It was established in 1957 as a subsidiary of the Synbra Group. The company provides a variety of creative packaging goods and solutions for industries such as food & beverage, medicines, and agriculture. Synbra Technology is well-known for its competence in producing biodegradable and recyclable materials, such as bio-based foam packaging, a more environmentally friendly alternative to standard petroleum-based packaging.
- Cargill
Cargill is an American international food conglomerate with agriculture, food, and finance operations. The company has a strong position in the encapsulated lactic acid market, supplying various encapsulated acid products for bakery, meat, and dairy products. Cargill has significantly invested in developing sustainable food ingredient solutions, such as encapsulated acids, in response to rising consumer demand for eco-friendly and natural ingredients. The company announced a new strategy in January 2022 to boost the use of biodegradable and compostable materials in its packaging solutions.
- Teijin
Teijin Limited is a Japanese corporation operating in materials, healthcare, and information technology. It was established in 1918 and had its headquarters in Tokyo, Japan. Teijin has developed a proprietary method dubbed ‘Microsieve Technology’ in the encapsulated lactic acid sector that can generate microcapsules with uniform size and excellent shell strength. The company intends to use this technology to create novel materials, including encapsulated lactic acid. Teijin stated in September 2020 that it had created a new form of heat-resistant, biodegradable polyester material that may be used to make microcapsules to encapsulate various functional substances, including lactic acid.
