Gypsum-free Lactic Acid Market

Gypsum-free Lactic Acid Market Snapshot (2022 to 2032)

The global gypsum-free lactic acid market size was valued at around USD 1.2 Billion in 2021 and is likely to reach a valuation of nearly USD 2.4 Billion in 2028.

Moreover, with rising applications of gypsum-free lactic acid in food & beverage, pharmaceuticals, chemicals, and personal care products, the total sales of gypsum-free lactic acid are slated to rise at a healthy CAGR of around 9.5% to 11% during the forecast period (2022 to 2032).

Report Attribute	Details
Gypsum-free Lactic Acid Market Size (2021)	USD 1.2 Billion
Gypsum-free Lactic Acid Market Estimated Growth Rate (2022-2032)	9.5% - 11% CAGR
Gypsum-free Lactic Acid Market Projected Size (2028)	USD 2.4 Billion

Since ancient times, lactic acid has been used for numerous applications due to its multiple benefits. However, industrial processes for manufacturing lactic acid are energy-intensive and often generate large amounts of byproducts like gypsum, which contributes to the CO2 footprint of the process. As a result, lactic acid manufacturing companies have developed innovative gypsum-free processes for the production of lactic acid.

Today, majority of end-user industries such as food & beverage and pharmaceuticals prefer to use gypsum-free lactic acid due to its improved sustainability and low environmental impact. It is being increasingly used as a preservative, pH regulator and antimicrobial agent in packaged foods, chemicals, food & beverages, and personal care products. Rising production and consumption of these products is expected to boost the growth of gypsum-free lactic acid market during the forecast period.

Similarly, continuous development in manufacturing processes of lactic acid that ensure recycling of all chemicals and elimination of by-products is playing a key role in expanding the gypsum-free lactic acid market size.

Which Factors are Stimulating the Gypsum-free Lactic Acid Market Growth?

Rising usage of gypsum-free lactic acid in a wide range of applications including food & beverage, chemicals, personal care products, and pharmaceuticals is driving the growth in gypsum-free lactic acid market.

Similarly, growing concerns over the environmental impact of gypsum along with presence of stringent regulations for its disposal is encouraging the adoption of gypsum-free lactic acid across diverse industries.

Over the years, gypsum-free lactic acid has gained immense traction due to its gypsum free and energy efficient production process. It is being extensively used as a preservative in packaged food products such as bread, desserts, jams etc. to increase their shelf life.

Rising consumer spending on packaged food products and beverages along with increasing need for improving shelf life of food products to tackle food insecurity is playing a key role in augmenting the growth of gypsum-free lactic acid.

According to the World Economic Forum, around 932 million tonnes of food goes to waste each year, with retail accounting for 13% of this number. In order to minimize this loss, food manufacturers use preservatives like gypsum-free lactic acid.

Leading manufacturers are gradually shifting their preference towards gypsum-free lactic acid to meet end user demands as well as to comply with the government regulation. They are integrating environment-friendly technologies in their production processes to reduce carbon footprint as well as to eliminate gypsum formation. This will further expand the gypsum-free lactic acid market size during the forecast period.

Furthermore, rising trend of green packaging and growing popularity of gypsum-free lactic acid across non-food industries such as personal care, biopolymers, textile, cosmetics, electronics, and pharmaceuticals, on account of its sustainability will continue to push the demand for gypsum-free lactic acid during the forthcoming years.

What are the Challenges Faced by the Gypsum-free Lactic Acid Industry?

Despite rapid penetration of gypsum-free lactic acid market worldwide, there are some factors that are changing its growth. Some of these factors include high cost of equipment required for manufacturing gypsum-free lactic acid, fluctuations in raw material prices, and availability of various alternatives.

Will North America Continue its Dominance over the Global Gypsum-free Lactic Acid Market?

According to Future Market Insights, North America accounts for the largest share of gypsum-free lactic acid market and this trend is likely to continue even during the forecast period.

Growth in North America gypsum-free lactic acid market is driven by heavy presence of leading manufacturers, availability of advanced manufacturing technologies, increasing investments in R&D, and growing adoption of biodegradable polymers in a wide range of applications.

North American gypsum-free lactic acid market is mainly dominated by the USA due to rapidly expanding pharmaceuticals, personal care and food industries.

Similarly, growing environmental concerns coupled with presence of stringent carbon emission regulations is encouraging industries to shift their focus towards gypsum-free lactic acid.

How Will Growth Unfold in Asia Pacific Gypsum-free Lactic Acid Market?

Asia Pacific gypsum-free lactic acid market is poised to exhibit strong growth on account of increasing consumer spending, rapid expansion of end-user industries like pharmaceuticals and food & beverage, and growing awareness among people about the benefits of gypsum=free lactic acid.

Demand is particularly rising across countries like China and Japan due to rapid shift towards green technologies, adoption of low carbon emission products, and increasing usage of gypsum-free lactic acid as an antimicrobial agent in personal care products.

Market Competition

Some of the leading manufacturers of gypsum-free lactic acid include Corbion,Jungbunzlauer , Naturework, and Henan Jindan Lactic Acid Technology among others.

These key players are constantly focusing on increasing their production capacities to meet end user demands. Besides this, they are adopting various strategies such as new product launches, partnerships, acquisitions, collaborations, and establishment of new facilities across attractive regions to gain a competitive edge in the global gypsum-free lactic acid market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 9.5% to 11% from 2022 to 2032
Projected Market Size (2028)	USD 2.4 Billion
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Source, Function, Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Corbion; Naturework; Jungbunzlauer; Henan Jindan Lactic Acid Tecnology; Others
Customization	Available Upon Request

Frequently Asked Questions

What is the demand outlook for gypsum-free lactic acid market?

As per FMI, demand in the gypsum-free lactic acid market is expected to grow at 9.5% to 11% CAGR during the forecast period, totaling around USD 2.4 Billion by 2028.

Which is the most dominant market for gypsum-free lactic acid?

North America will continue to remain the most dominant market for gypsum-free lactic acid during the forecast period.

Which are some prominent gypsum-free lactic acid manufacturers?

Соrbіоn, Јungbunzlаuеr, Nаturеwоrk, and Неnаn Јіndаn Lасtіс Асіd Тесhnоlоgу are some prominent gypsum-free lactic acid manufacturers