The global Encapsulated Lactic Acid market is expected to reach a market valuation of USD 1,576 million by 2033, recording a CAGR of 6.3% from 2023 to 2033.
In essence, lactic acid is an organic acid that develops while some foods go through the fermentation process. It can frequently be found in yogurt, salami, pickled foods, fermented soy products, and a variety of other foods. Additionally, to give packaged foods like sweets, bread, jams, and olives longer shelf lives, food makers add lactic acid to them.
Notably, lactic acid is a great preservative since it has the ability to kill and suppress food-borne microorganisms. It is interesting to observe that as human civilizations have evolved and advanced, fermented foods have been the main and most important processed staple of the human diet.
| Attribute | Details |
|---|---|
| Encapsulated Lactic Acid Market Size (2023E) | USD 855 million |
| Encapsulated Lactic Acid Market Projected Size (2033F) | USD 1,576 million |
| Value CAGR (2023 to 2033) | 6.3% |
| Top 3 Countries Marketing Share | 65.6% |
The majority of fermented foods are created through controlled microbial growth and enzymatic transformations of minor and major food components that gain higher values because of their enhanced organoleptic properties. The lactic acid bacterium is an excellent starter culture for the production of fermented foods because of its ease of fermentation, risk of fermentation failure, and several other functional characteristics. Due to all of these reasons, the encapsulated lactic acid has been widely used to produce dry or semi-dry sausages.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Encapsulated Lactic Acid.
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| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 6.2% |
| Jul–Dec (H2), 2021 (A) | 6.1% |
| Jan–Jun (H1),2022 Projected (P) | 6.4% |
| Jan–Jun (H1),2022 Outlook (O) | 6.3% |
| Jul–Dec (H2), 2022 Projected (P) | 6.3% |
| Jul–Dec (H2), 2022 Outlook (O) | 6.0% |
| Jan–Jun (H1), 2023 Projected (P) | 6.3% |
As they can offer a quick fix for people who are constantly on the go or have little time to prepare meals at home, convenience foods and drinks are one of the key factors propelling the growth of the global encapsulated lactic acid market.
This factor has been fuelling the expansion of this market in recent years as more people choose fast food over preparing their own meals at home, which has increased demand for convenience foods like pre-packaged sandwiches, salads, soups, and other foods. These foods need encapsulated lactic acid as an ingredient in order to maintain freshness and taste for a longer period of time without refrigeration or freezing.
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Consumer preference for healthy eating habits has led them away from processed foods with high levels of sugar and salt content, which can contribute to obesity or other chronic diseases like type 2 diabetes. Growing consumer health awareness is another factor driving the growth of this market.
As more people become aware of these risks, they are searching for healthier alternatives that don't contain any artificial ingredients or preservatives so they can completely avoid these risks by consuming natural products with no additives at all. Encapsulated lactic acid is one such product that doesn't contain any artificial ingredients or preservatives, making it a healthier alternative to other products currently on the market with similar functions.
The rising consumer desire for natural and organic food items, which has resulted in an increase in demand for natural food preservatives, is what drives the market for encapsulated lactic acid. Encapsulated lactic acid is gaining favor among food manufacturers as a natural and secure substitute for synthetic preservatives.
Due to the increased demand for natural food preservatives and the rising consumption of processed foods, the United States market for encapsulated lactic acid is anticipated to expand. The market may yet encounter several difficulties, such as encapsulation technology's high price and regulatory limitations on the use of specific preservatives.
Due to rising urbanization, rising disposable income, and shifting customer preferences, India's food processing business is expanding quickly. Natural preservatives like encapsulated lactic acid are becoming more and more in demand as more and more food products are processed and packaged.
The Indian government is taking action to encourage the development of the food processing sector through regulatory assistance and financial incentives. A business opportunity has been established for natural preservatives such encapsulated lactic acid as a result of the government's ban on the use of several synthetic preservatives.
A sizeable portion of the European market for encapsulated lactic acid is found in the United Kingdom. The United Kingdom food processing industry is expanding, consumer demand for natural and safe food items is rising, and encapsulated lactic acid is increasingly used as a natural preservative in place of synthetic ones, all of which are driving up demand for this ingredient.
Encapsulated lactic acid is frequently employed as a natural preservative in a variety of food products, including dairy, bakery, and meat products, and the UK food processing business is expanding quickly. Reduce food waste and increase customer access to food by extending the shelf life of these products with encapsulated lactic acid.
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The dairy industry makes extensive use of encapsulated lactic acid to extend the shelf life and safety of dairy products. When lactose is fermented by lactic acid bacteria, which are frequently found in dairy products like yogurt, cheese, and milk, lactic acid is produced as a natural byproduct.
Lactic acid, however, can be highly reactive in its free state and affect the flavor and texture of dairy products, causing waste and spoiling. Encapsulated lactic acid can offer functional advantages, such as enhancing the texture and mouthfeel of dairy products, in addition to enhancing the safety and shelf life of dairy products.
Additionally, it can lessen the demand for additional preservatives and additives, making dairy products more appealing and natural.
The pharmaceutical business also makes use of encapsulated lactic acid. It serves as a stabilizer, pH modifier, and method of delivering medications and dietary supplements in this industry. Drugs and vitamins that have been encapsulated in lactic acid can help prevent environmental deterioration brought on by moisture, heat, and light. By regulating the release and absorption of medications and dietary supplements in the body, it can also increase their bioavailability.
The pharmaceutical business also makes use of encapsulated lactic acid. It serves as a stabilizer, pH modifier, and method of delivering medications and dietary supplements in this industry. Drugs and vitamins that have been encapsulated in lactic acid can help prevent environmental deterioration brought on by moisture, heat, and light.
Encapsulated Lactic Acid Agents market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Application, Nature, Form, and Region |
| Key Companies Profiled |
BSA Inc.; Balchem Ingredient Solutions; Food Ingredient Technology Co., Ltd.; IFP (Innovative Food Processors), Inc.; Wiberg Canada; BASF SE; Corbion N.V. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Encapsulated Lactic Acid Market is valued at US$ 855 million for 2023.
The Encapsulated Lactic Acid Market valuation is expected to be US$ 1,576 million in the year 2023.
The value of CAGR for the Encapsulated Lactic Acid Market is estimated to be 6.3%.
The dairy products segment would garner a significant market value share by 2023.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. Nature 6.3. Form 7. Global Market Analysis and Forecast, By Application 7.1. Confectionery 7.2. Dairy Products 7.3. Sauces and Meat 7.4. Salad and Dressings 7.5. Pharmaceuticals 8. Global Market Analysis and Forecast, By Nature 8.1. Synthetic 8.2. Organic 9. Global Market Analysis and Forecast, By Form 9.1. Powder 9.2. Liquid 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Application, Nature, and Form for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. BSA Inc. 20.2. Balchem Ingredient Solutions 20.3. Food Ingredient Technology Co., Ltd. 20.4. IFP (Innovative Food Processors), Inc. 20.5. Wiberg Canada 20.6. BASF SE 20.7. Corbion N.V.
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Encapsulated Lactic Acid Market
