Encapsulated Lactic Acid Market

Key Highlights of the Report

How are the major segments performing in the Encapsulated Lactic Acid market?

• The confectionery applications segment accounted for the largest global market revenue share in 2022, owing to rising demand for functional ingredients in food items, expanding consumer health consciousness, and rising demand for low-calorie and sugar-free confectionery goods. Encapsulated lactic acid is widely used in confectionery items to improve shelf life and texture and create a sour taste without compromising the overall flavor of the product.
• In 2022, the organic nature segment was projected to hold a major global market share. Consumers are becoming more health-conscious, and they are looking for items that are free of synthetic additives and preservatives. Using encapsulated lactic acid in organic and natural food products helps extend their shelf life and improve their quality, which drives demand for this category.
• In 2022, the powder form segment accounted for the largest market share due to its ease of handling and transportation, longer shelf life, and higher stability than liquid form. It also enables precise and consistent dosing in a variety of applications.

What is the Market Size of Encapsulated Lactic Acids regarding value?

The global encapsulated lactic acid market is anticipated to grow at a substantial CAGR of 6.8% in the upcoming years. The global Encapsulated Lactic Acid industry was estimated to be worth USD 946.1 million in 2022 and was projected to be worth USD 1499.46 million by 2030.

Which region dominated the encapsulated lactic acid market?

North America is expected to hold a significant share of the global encapsulated lactic acid market in 2022, owing to rising demand for functional food and beverages, rising consumer awareness about health and wellness, and growing use of encapsulated lactic acid in the food and pharmaceutical industries. Technological developments in encapsulation techniques and increased research and development activities also boost regional market expansion. Favorable regional government policies and activities promoting using natural and organic components in food items further fuel industry growth.

How is US Market Performing in the encapsulated lactic acid market?

North America holds most of the global encapsulated lactic acid market, with the United States accounting for the largest regional market revenue share. The growing demand for convenience foods and the rising trend of healthy snacking among consumers is driving the expansion of the US encapsulated lactic acid market. Encapsulated lactic acid as a food preservative has also aided industry growth. Besides, food manufacturers’ increasing use of encapsulated lactic acid to extend product shelf life and retain freshness drives market demand. Expanding the pharmaceutical and nutraceutical industries in the United States will likely promote demand for encapsulated lactic acid in these applications.

How does the economy impact global encapsulated lactic acid market growth?

Recessions, inflation, and economic downturns negatively affect market growth as they cause customers to cut back on non-essential purchases such as encapsulated lactic acid. However, compared to other industries, the market for encapsulated lactic acid may be less vulnerable to economic downturns as it is utilized in many different sectors, including food, medicines, and personal care. The continuing conflict between Russia and Ukraine may also impact the global encapsulated lactic acid market. If the dispute worsens and leads to trade restrictions or disruptions in supply chains, prices may rise, affecting the overall market growth.

What is the competitive environment of the encapsulated lactic acid market?

The market for encapsulated lactic acid is very competitive, with several prominent companies present. Cargill, BASF SE, Galactic, Teijin, Synthite Industries Ltd, and Corbion are prominent participants in the global market. These firms generally focus on growing their product portfolio, developing their distribution channels, and investing in R&D operations to acquire a competitive advantage. These companies also use various methods such as mergers & acquisitions, partnerships, collaborations, and product launches to extend their global market presence and raise their market share. For instance, In November 2020, Corbion invested 10 million Euros in its Thailand factory to increase its manufacturing capacity for lactic acid and lactic acid derivatives to meet Asia’s growing demand for bioplastics.

Executive Summary

What are the key trends in the Encapsulated Lactic Acid market?

• Increasing demand for natural & organic ingredients in the food industry: Consumers are growing more health-conscious, searching out products deemed to be more natural and healthier. Encapsulated lactic acid is a natural preservative that can be utilized in various food products. The encapsulated lactic acid market is predicted to expand rapidly in response to rising demand for natural and organic products. Manufacturers are also creating novel encapsulating technologies to address the need for natural and organic products. For example, several businesses are creating plant-based encapsulating materials to replace synthetic materials and address the growing demand for natural ingredients. Manufacturers also adopt micro-encapsulation technology to safeguard the encapsulated lactic acid and extend its shelf life.

What are all the technical developments in the encapsulated lactic acid market?

The development of innovative encapsulation technologies, such as spray-drying and coacervation, which improve the stability and efficacy of encapsulated lactic acid, is one of the significant technological breakthroughs in the encapsulated lactic acid industry. In addition, there is a growing trend in the market for encapsulated lactic acid to be added to functional food items like yogurt and cheese. Encapsulated lactic acid delivery methods designed to increase its bioavailability and effectiveness in particular applications have also advanced. Recent market advances include using microfluidics technology for lactic acid bacteria encapsulation and developing pH-sensitive nanocapsules for controlled lactic acid release.

Which are the key investments by the encapsulated lactic acid market players?

Due to commodity price volatility, the major competitors prefer to invest in new product development and marketing strategy to maintain their position. Most key corporations invest in R&D to create new and innovative technology. For instance, in April 2019, Asahi Group, a Japanese brewery company, founded the Asahi Quality and Innovations Co. (AQI) to expand its yeast and LAB expertise and adopt new digital technologies. This R&D will create new healthy food ingredients, new enterprises, and lower overall environmental impact.

Major global encapsulated lactic acid market players are BSA, Balchem, Food Ingredient Technology, Wiberg Canada, BASF, Corbion, Danimer Scientific, Synbra Technology, Cargill, and Teijin.

What are the Major Driving Factors for the Encapsulated Lactic Acid Market?

Encapsulated lactic acid is a natural and biodegradable substance that offers an appealing alternative to environmentally hazardous synthetic materials. The growing use of encapsulated organic acid in various applications, increased emphasis 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. Increased organic acid production from renewable sources further opens up new potential in the encapsulated organic acid industry.

What are the Major Risks for the Encapsulated Lactic Acid Market?

The high cost of organic acid and the volatility of raw material pricing and availability are projected to restrict the expansion of the encapsulated organic acid market. In addition, the complex manufacturing process for encapsulated lactic acid may be challenging for small and medium-sized firms.

Which is the key Nature segment in the encapsulated lactic acid market?

Over the projected period, the organic segment will hold a substantial revenue share of the encapsulated lactic acid market. The rising demands for organic and natural food products are one of the primary drivers of the organic nature segment in the global encapsulated lactic acid market. The demand for products without artificial additives and preservatives is growing as consumers become more health conscious. The encapsulated lactic acid in organic and natural food products helps extend their shelf life and improve their quality, which drives demand in this segment. Furthermore, the growing popularity of plant-based and vegan diets is fueling the expansion of the organic nature segment, as encapsulated lactic acid is often employed as a natural preservative in vegan and plant-based food products.

How does the encapsulated lactic acid market perform in regions?

The Asia Pacific is projected to witness the fastest CAGR growth in the global encapsulated lactic acid market in the forecast period. The Asia Pacific region is one of the fastest-growing markets for encapsulated lactic acid, driven by rising consumer health consciousness and expanding knowledge of the benefits of encapsulated lactic acid. Moreover, the growing population and rising disposable income levels in nations such as China, India, and Japan drive market expansion. Furthermore, the region’s appreciation of natural and organic food products is increasing the demand for encapsulated lactic acid as a natural preservative and flavoring agent. The growing number of health-conscious customers also propels the demand for functional foods and dietary supplements, driving market growth.

What is the regulatory landscape for the encapsulated lactic acid market?

The regulatory landscape for the encapsulated lactic acid market is governed by different agencies and regulations, including the US Food & Drug Administration (FDA), the European Food Safety Authority (EFSA), and other regional regulatory bodies. The FDA has determined that encapsulated lactic acid is generally recognized as safe (GRAS) for use in food and beverage applications, and it is likewise approved for use in Europe. However, rules may differ by country or region, and enterprises operating in the market must comply with the applicable legislation to ensure their products’ safety and compliance.

What are the major players planning for the future of the encapsulated lactic acid market?

Major players in the encapsulated lactic acid market are focused on strategies such as new product releases, partnerships, collaborations, and acquisitions to develop their business operations. Additionally, they are investing in R&D initiatives to launch cutting-edge products that satisfy changing consumer expectations. Moreover, players focus on increasing their worldwide presence through investments in emerging regions and developing a robust distribution network to access a larger client base. For example, Corbion (Netherlands) has selected IMCD (Netherlands) to distribute bio-based food and non-food ingredients to manufacturers of confectionary beverages, baked products, sauces, dressings, condiments, and prepared foods in Australia and New Zealand beginning in July 2020. This development would increase Corbion’s presence in the Asia Pacific region.

Segmentation of Global Encapsulated Lactic Acid Market-

Global Encapsulated Lactic Acid Market – By Applications

• Confectionery
• Dairy Products
• Sauces & Meat
• Salad & Dressings

Global Encapsulated Lactic Acid Market – By Nature

• Synthetic
• Organic

Global Encapsulated Lactic Acid Market – By Form

• Powder
• Liquid

Global Encapsulated Lactic Acid Market – By Region

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Encapsulated Lactic Acid Market
2.2. Global Encapsulated Lactic Acid Market, By Applications
2.3. Global Encapsulated Lactic Acid Market, By Nature
2.4. Global Encapsulated Lactic Acid Market, By Form
2.5. Global Encapsulated Lactic Acid Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Encapsulated Lactic Acid Market Value, 2017-2030, (US$ Mn))
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Applications
3.5.2. Nature
3.5.3. Form
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company Market Share of Key Players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Encapsulated Lactic Acid Market
7.1. Global Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
7.1.1. Overview
7.1.2. Global Encapsulated Lactic Acid Market, By Applications, 2022 vs 2030 (in%)
7.1.3. Global Encapsulated Lactic Acid Market, By Confectionery, 2017-2030 (US$ Mn))
7.1.4. Global Encapsulated Lactic Acid Market, By Dairy Products, 2017-2030 (US$ Mn))
7.1.5. Global Encapsulated Lactic Acid Market, By Sauces & Meat, 2017-2030 (US$ Mn))
7.1.6. Global Encapsulated Lactic Acid Market, By Salad & Dressings, 2017-2030 (US$ Mn))
7.1.7. Global Encapsulated Lactic Acid Market, By Others, 2017-2030 (US$ Mn))
7.2. Global Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
7.2.1. Overview
7.2.2. Global Encapsulated Lactic Acid Market, By Nature, 2022 vs 2030 (in%)
7.2.3. Global Encapsulated Lactic Acid Market, By Synthetic, 2017-2030 (US$ Mn))
7.2.4. Global Encapsulated Lactic Acid Market, By Organic, 2017-2030 (US$ Mn))
7.3. Global Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
7.3.1. Overview
7.3.2. Global Encapsulated Lactic Acid Market, By Form, 2022 vs 2030 (in%)
7.3.3. Global Encapsulated Lactic Acid Market, By Powder, 2017-2030 (US$ Mn))
7.3.4. Global Encapsulated Lactic Acid Market, By Liquid, 2017-2030 (US$ Mn))

8. North America Encapsulated Lactic Acid Market Analysis
8.1. North America Encapsulated Lactic Acid Market, by Applications, 2017-2030(US$ Mn))
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Encapsulated Lactic Acid Market, by Nature, 2017-2030(US$ Mn))
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Encapsulated Lactic Acid Market, by Form, 2017-2030(US$ Mn))
8.3.1. Overview
8.3.2. SRC Analysis
8.4. North America Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
8.4.1. U.S.
8.4.1.1. U.S. Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.1.2. U.S. Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
8.4.1.3. U.S. Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
8.4.1.4. U.S. Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
8.4.2. Canada
8.4.2.1. Canada Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
8.4.2.2. Canada Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
8.4.2.3. Canada Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
8.4.2.4. Canada Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))

9. Europe Encapsulated Lactic Acid Market Analysis
9.1. Europe Encapsulated Lactic Acid Market, by Applications, 2017-2030(US$ Mn))
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Encapsulated Lactic Acid Market, by Nature, 2017-2030(US$ Mn))
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Encapsulated Lactic Acid Market, by Form, 2017-2030(US$ Mn))
9.3.1. Overview
9.3.2. SRC Analysis
9.4. Europe Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
9.4.1. Germany
9.4.1.1. Germany Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.1.2. Germany Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.1.3. Germany Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.1.4. Germany Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
9.4.2. France
9.4.2.1. France Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.2.2. France Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.2.3. France Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.2.4. France Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
9.4.3. UK
9.4.3.1. UK Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.3.2. UK Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.3.3. UK Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.3.4. UK Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
9.4.4. Italy
9.4.4.1. Italy Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.4.2. Italy Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.4.3. Italy Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.4.4. Italy Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
9.4.5. Spain
9.4.5.1. Spain Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.5.2. Spain Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.5.3. Spain Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.5.4. Spain Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
9.4.6. Rest of Europe
9.4.6.1. Rest of Europe Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
9.4.6.2. Rest of Europe Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
9.4.6.3. Rest of Europe Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
9.4.6.4. Rest of Europe Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))

10. Asia Pacific Encapsulated Lactic Acid Market Analysis
10.1. Asia Pacific Encapsulated Lactic Acid Market, by Applications, 2017-2030(US$ Mn))
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Encapsulated Lactic Acid Market, by Nature, 2017-2030(US$ Mn))
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Encapsulated Lactic Acid Market, by Form, 2017-2030(US$ Mn))
10.3.1. Overview
10.3.2. SRC Analysis
10.4. Asia Pacific Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
10.4.1. China
10.4.1.1. China Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.1.2. China Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.1.3. China Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.1.4. China Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
10.4.2. Japan
10.4.2.1. Japan Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.2.2. Japan Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.2.3. Japan Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.2.4. Japan Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
10.4.3. India
10.4.3.1. India Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.3.2. India Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.3.3. India Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.3.4. India Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
10.4.4. South Korea
10.4.4.1. South Korea Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.4.2. South Korea Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.4.3. South Korea Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.4.4. South Korea Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
10.4.5. South-East Asia
10.4.5.1. South-East Asia Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.5.2. South-East Asia Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.5.3. South-East Asia Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.5.4. South-East Asia Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
10.4.6. Rest of Asia Pacific
10.4.6.1. Rest of Asia Pacific Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
10.4.6.2. Rest of Asia Pacific Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
10.4.6.3. Rest of Asia Pacific Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
10.4.6.4. Rest of Asia Pacific Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))

11. Latin America Encapsulated Lactic Acid Market Analysis
11.1. Latin America Encapsulated Lactic Acid Market, by Applications, 2017-2030(US$ Mn))
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Encapsulated Lactic Acid Market, by Nature, 2017-2030(US$ Mn))
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Encapsulated Lactic Acid Market, by Form, 2017-2030(US$ Mn))
11.3.1. Overview
11.3.2. SRC Analysis
11.4. Latin America Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
11.4.1. Brazil
11.4.1.1. Brazil Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.1.2. Brazil Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
11.4.1.3. Brazil Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
11.4.1.4. Brazil Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
11.4.2. Mexico
11.4.2.1. Mexico Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.2.2. Mexico Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
11.4.2.3. Mexico Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
11.4.2.4. Mexico Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
11.4.3. Rest of Latin America
11.4.3.1. Rest of Latin America Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
11.4.3.2. Rest of Latin America Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
11.4.3.3. Rest of Latin America Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
11.4.3.4. Rest of Latin America Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))

12. Middle East and Africa Encapsulated Lactic Acid Market Analysis
12.1. Middle East and Africa Encapsulated Lactic Acid Market, by Applications, 2017-2030(US$ Mn))
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Encapsulated Lactic Acid Market, by Nature, 2017-2030(US$ Mn))
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Encapsulated Lactic Acid Market, by Form, 2017-2030(US$ Mn))
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Middle East and Africa Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
12.4.1. GCC Countries
12.4.1.1. GCC Countries Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.1.2. GCC Countries Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
12.4.1.3. GCC Countries Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
12.4.1.4. GCC Countries Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
12.4.2. South Africa
12.4.2.1. South Africa Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.2.2. South Africa Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
12.4.2.3. South Africa Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
12.4.2.4. South Africa Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))
12.4.3. Rest of Middle East and Africa
12.4.3.1. Rest of Middle East and Africa Encapsulated Lactic Acid Market Estimates and Forecast, 2017-2030 (US$ Mn))
12.4.3.2. Rest of Middle East and Africa Encapsulated Lactic Acid, By Applications, 2017-2030 (US$ Mn))
12.4.3.3. Rest of Middle East and Africa Encapsulated Lactic Acid, By Nature, 2017-2030 (US$ Mn))
12.4.3.4. Rest of Middle East and Africa Encapsulated Lactic Acid, By Form, 2017-2030 (US$ Mn))

13. Company Profiles
13.1. BSA
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Balchem
13.3. Food Ingredient Technology
13.4. Wiberg Canada
13.5. BASF
13.6. Corbion
13.7. Danimer Scientific
13.8. Synbra Technology
13.9. Cargill
13.10. Teijin

List of Figures
FIG. 1 Global Encapsulated Lactic Acid Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom Up Approach
FIG. 3 Global Encapsulated Lactic Acid Market Segmentation
FIG. 4 Global Encapsulated Lactic Acid Market, by Applications, 2022 (US$ Mn))
FIG. 5 Global Encapsulated Lactic Acid Market, by Nature, 2022 (US$ Mn))
FIG. 6 Global Encapsulated Lactic Acid Market, by Form, 2022 (US$ Mn))
FIG. 7 Global Encapsulated Lactic Acid Market, by Geography, 2022 (US$ Mn))
FIG. 8 Attractive Investment Proposition, by Applications, 2022
FIG. 9 Attractive Investment Proposition, by Nature, 2022
FIG. 10 Attractive Investment Proposition, by Form, 2022
FIG. 11 Attractive Investment Proposition, by Geography, 2022
FIG. 12 Global Market Share Analysis of Key Encapsulated Lactic Acid Market Manufacturers, 2022
FIG. 13 Global Market Positioning of Key Encapsulated Lactic Acid Market Manufacturers, 2022
FIG. 14 Global Encapsulated Lactic Acid Market Value Contribution, By Applications, 2022 & 2030 (Value %)
FIG. 15 Global Encapsulated Lactic Acid Market, by Confectionery, Value, 2017-2030 (US$ Mn))
FIG. 16 Global Encapsulated Lactic Acid Market, by Dairy Products, Value, 2017-2030 (US$ Mn))
FIG. 17 Global Encapsulated Lactic Acid Market, by Sauces & Meat, Value, 2017-2030 (US$ Mn))
FIG. 18 Global Encapsulated Lactic Acid Market, by Salad & Dressings, Value, 2017-2030 (US$ Mn))
FIG. 19 Global Encapsulated Lactic Acid Market, by Others, Value, 2017-2030 (US$ Mn))
FIG. 20 Global Encapsulated Lactic Acid Market Value Contribution, By Nature, 2022 & 2030 (Value %)
FIG. 21 Global Encapsulated Lactic Acid Market, by Synthetic, Value, 2017-2030 (US$ Mn))
FIG. 22 Global Encapsulated Lactic Acid Market, by Organic, 2017-2030 (US$ Mn))
FIG. 23 Global Encapsulated Lactic Acid Market Value Contribution, By Form, 2022 & 2030 (Value %)
FIG. 24 Global Encapsulated Lactic Acid Market, by Powder, Value, 2017-2030 (US$ Mn))
FIG. 25 Global Encapsulated Lactic Acid Market, by Liquid, 2017-2030 (US$ Mn))
FIG. 26 North America Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 27 U.S. Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 28 Canada Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 29 Europe Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 30 Germany Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 31 France Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 32 U.K. Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 33 Italy Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 34 Spain Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 35 Rest of Europe Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 36 Asia Pacific Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 37 China Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 38 Japan Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 39 India Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 40 South Korea Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 41 South-East Asia Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 42 Rest of Asia Pacific Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 43 Latin America Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 44 Brazil Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 45 Mexico Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 46 Rest of Latin America Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 47 Middle East & Africa Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 48 GCC Countries Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 49 South Africa Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))
FIG. 50 Rest of Middle East and Africa Encapsulated Lactic Acid Market, 2017-2030 (US$ Mn))

List of Tables
TABLE 1 Market Snapshot: Global Encapsulated Lactic Acid Market
TABLE 2 Global Encapsulated Lactic Acid Market, by Competitive Benchmarking, 2022
TABLE 3 Global Encapsulated Lactic Acid Market, by Geographical Presence Analysis, 2022
TABLE 4 Global Encapsulated Lactic Acid Market, by Key Strategies Analysis, 2022
TABLE 5 Global Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 6 Global Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 7 Global Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 8 Global Encapsulated Lactic Acid Market, by Geography, 2017-2030 (US$ Mn))
TABLE 9 North America Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 10 North America Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 11 North America Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 12 North America Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
TABLE 13 US Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 14 US Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 15 US Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 16 Canada Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 17 Canada Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 18 Canada Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 19 Europe Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 20 Europe Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 21 Europe Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 22 Europe Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
TABLE 23 Germany Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 24 Germany Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 25 Germany Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 26 France Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 27 France Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 28 France Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 29 UK Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 30 UK Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 31 UK Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 32 Italy Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 33 Italy Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 34 Italy Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 35 Spain Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 36 Spain Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 37 Spain Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 38 Rest of Europe Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 39 Rest of Europe Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 40 Rest of Europe Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 41 Asia Pacific Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 42 Asia Pacific Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 43 Asia Pacific Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 44 Asia Pacific Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
TABLE 45 China Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 46 China Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 47 China Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 48 Japan Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 49 Japan Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 50 Japan Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 51 India Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 52 India Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 53 India Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 54 South Korea Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 55 South Korea Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 56 South Korea Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 57 South-East Asia Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 58 South-East Asia Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 59 South-East Asia Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 60 Rest of Asia Pacific Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 61 Rest of Asia Pacific Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 62 Rest of Asia Pacific Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 63 Latin America Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 64 Latin America Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 65 Latin America Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 66 Latin America Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
TABLE 67 Brazil Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 68 Brazil Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 69 Brazil Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 70 Mexico Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 71 Mexico Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 72 Mexico Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 73 Rest of Latin America Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 74 Rest of Latin America Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 75 Rest of Latin America Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 76 Middle East and Africa Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 77 Middle East and Africa Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 78 Middle East and Africa Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 79 Middle East and Africa Encapsulated Lactic Acid Market, by Country, 2017-2030 (US$ Mn))
TABLE 80 GCC Countries Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 81 GCC Countries Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 82 GCC Countries Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 83 South Africa Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 84 South Africa Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 85 South Africa Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))
TABLE 86 Rest of Middle East and Africa Encapsulated Lactic Acid Market, by Applications, 2017-2030 (US$ Mn))
TABLE 87 Rest of Middle East and Africa Encapsulated Lactic Acid Market, by Nature, 2017-2030 (US$ Mn))
TABLE 88 Rest of Middle East and Africa Encapsulated Lactic Acid Market, by Form, 2017-2030 (US$ Mn))