Frequently Asked Questions:
The global encapsulated lactic acid market was valued at USD 0.786 Million in 2022.
The encapsulated lactic acid market is expected to grow at a CAGR of 6.50% between 2023 and 2030, reaching USD 1.22 Million in 2030.
Confectionery is the leading segment by application, holding over 43% share in terms of value in 2022.
The synthetic segment governs the World’s demand for encapsulated lactic acids, holding a massive share of over 80% in 2022.
The liquid segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the encapsulated lactic acid industry, with an over one-third share in 2022.
The top players include BSA Inc., Balchem Ingredient Solutions, Food Ingredient Technology Co., Ltd., IFP (Innovative Food Processors), Inc., Wiberg Canada, BASF SE, Corbion N.V.
The major market drivers are encapsulated lactic acid with desirable qualities like controlled release, enhanced solubility, and longer shelflife encapsulated lactic acids.
The major market restraints are the high production costs linked to the encapsulation process.
With the huge growth potential in North America, Lactic acid can now be added to a wider range of products thanks to technological developments in encapsulation methods like microencapsulation and nanoencapsulation are the major opportunities in the encapsulated lactic acid industry.