Global Encapsulated Lactic Acid Market 2024-2028

The encapsulated lactic acid market is forecasted to grow by USD 334.35 mn during 2023-2028, accelerating at a CAGR of 6.62% during the forecast period. The report on the encapsulated lactic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in popularity of probiotics, health benefits of natural preservatives over synthetic food preservatives, and increasing demand for minimally processed food.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.89%
CAGR	6.62%
Incremental Value	$334.35mn

Technavio's encapsulated lactic acid market is segmented as below:

By Type

Synthetic
Organic

By Application

Confectionery
Dairy products
Sauces and meats
Salad and dressings
Pharmaceuticals

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the growing penetration of online food retailing as one of the prime reasons driving the encapsulated lactic acid market growth during the next few years. Also, growing popularity of organic food additives and rising awareness about lactose-free products will lead to sizable demand in the market.

The report on the encapsulated lactic acid market covers the following areas:

Encapsulated lactic acid market sizing
Encapsulated lactic acid market forecast
Encapsulated lactic acid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading encapsulated lactic acid market vendors that include Advanced BioNutrition Corp., Balchem Inc., BASF SE, Cargill Inc., COFCO Corp., Corbion nv, Danimer Scientific Inc., Dow Chemical Co., DuPont de Nemours Inc., Food Ingredient Technology Co. Ltd., Gat Foods, Henan Jindan lactic acid Technology Co. Ltd., International Flavors and Fragrances Inc., Kerry Group Plc, Koninklijke DSM NV, Lycored, Royal FrieslandCampina NV, Teijin Ltd., Unitika Ltd., and Vigon International Inc.. Also, the encapsulated lactic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77343

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global encapsulated lactic acid market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global encapsulated lactic acid market 2018 - 2022 ($ million)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Application Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Synthetic - Market size and forecast 2023-2028
Exhibit 34: Chart on Synthetic - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Synthetic - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Synthetic - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Synthetic - Year-over-year growth 2023-2028 (%)
6.4 Organic - Market size and forecast 2023-2028
Exhibit 38: Chart on Organic - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Organic - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Organic - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Organic - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
Exhibit 44: Chart on Application - Market share 2023-2028 (%)
Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
7.2 Comparison by Application
Exhibit 46: Chart on Comparison by Application
Exhibit 47: Data Table on Comparison by Application
7.3 Confectionery - Market size and forecast 2023-2028
Exhibit 48: Chart on Confectionery - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Confectionery - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Confectionery - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Confectionery - Year-over-year growth 2023-2028 (%)
7.4 Dairy products - Market size and forecast 2023-2028
Exhibit 52: Chart on Dairy products - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Dairy products - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Dairy products - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Dairy products - Year-over-year growth 2023-2028 (%)
7.5 Sauces and meats - Market size and forecast 2023-2028
Exhibit 56: Chart on Sauces and meats - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Sauces and meats - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Sauces and meats - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Sauces and meats - Year-over-year growth 2023-2028 (%)
7.6 Salad and dressings - Market size and forecast 2023-2028
Exhibit 60: Chart on Salad and dressings - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Salad and dressings - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Salad and dressings - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Salad and dressings - Year-over-year growth 2023-2028 (%)
7.7 Pharmaceuticals - Market size and forecast 2023-2028
Exhibit 64: Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Application
Exhibit 68: Market opportunity by Application ($ million)
Exhibit 69: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ million)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Balchem Inc.
Exhibit 123: Balchem Inc. - Overview
Exhibit 124: Balchem Inc. - Business segments
Exhibit 125: Balchem Inc. - Key offerings
Exhibit 126: Balchem Inc. - Segment focus
12.4 BASF SE
Exhibit 127: BASF SE - Overview
Exhibit 128: BASF SE - Business segments
Exhibit 129: BASF SE - Key news
Exhibit 130: BASF SE - Key offerings
Exhibit 131: BASF SE - Segment focus
12.5 Cargill Inc.
Exhibit 132: Cargill Inc. - Overview
Exhibit 133: Cargill Inc. - Product / Service
Exhibit 134: Cargill Inc. - Key news
Exhibit 135: Cargill Inc. - Key offerings
12.6 Corbion nv
Exhibit 136: Corbion nv - Overview
Exhibit 137: Corbion nv - Business segments
Exhibit 138: Corbion nv - Key news
Exhibit 139: Corbion nv - Key offerings
Exhibit 140: Corbion nv - Segment focus
12.7 Danimer Scientific Inc.
Exhibit 141: Danimer Scientific Inc. - Overview
Exhibit 142: Danimer Scientific Inc. - Product / Service
Exhibit 143: Danimer Scientific Inc. - Key offerings
12.8 Dow Chemical Co.
Exhibit 144: Dow Chemical Co. - Overview
Exhibit 145: Dow Chemical Co. - Business segments
Exhibit 146: Dow Chemical Co. - Key news
Exhibit 147: Dow Chemical Co. - Key offerings
Exhibit 148: Dow Chemical Co. - Segment focus
12.9 DuPont de Nemours Inc.
Exhibit 149: DuPont de Nemours Inc. - Overview
Exhibit 150: DuPont de Nemours Inc. - Business segments
Exhibit 151: DuPont de Nemours Inc. - Key news
Exhibit 152: DuPont de Nemours Inc. - Key offerings
Exhibit 153: DuPont de Nemours Inc. - Segment focus
12.10 Food Ingredient Technology Co. Ltd.
Exhibit 154: Food Ingredient Technology Co. Ltd. - Overview
Exhibit 155: Food Ingredient Technology Co. Ltd. - Product / Service
Exhibit 156: Food Ingredient Technology Co. Ltd. - Key offerings
12.11 Gat Foods
Exhibit 157: Gat Foods - Overview
Exhibit 158: Gat Foods - Product / Service
Exhibit 159: Gat Foods - Key offerings
12.12 Henan Jindan lactic acid Technology Co. Ltd.
Exhibit 160: Henan Jindan lactic acid Technology Co. Ltd. - Overview
Exhibit 161: Henan Jindan lactic acid Technology Co. Ltd. - Product / Service
Exhibit 162: Henan Jindan lactic acid Technology Co. Ltd. - Key offerings
12.13 International Flavors and Fragrances Inc.
Exhibit 163: International Flavors and Fragrances Inc. - Overview
Exhibit 164: International Flavors and Fragrances Inc. - Business segments
Exhibit 165: International Flavors and Fragrances Inc. - Key news
Exhibit 166: International Flavors and Fragrances Inc. - Key offerings
Exhibit 167: International Flavors and Fragrances Inc. - Segment focus
12.14 Koninklijke DSM NV
Exhibit 168: Koninklijke DSM NV - Overview
Exhibit 169: Koninklijke DSM NV - Business segments
Exhibit 170: Koninklijke DSM NV - Key news
Exhibit 171: Koninklijke DSM NV - Key offerings
Exhibit 172: Koninklijke DSM NV - Segment focus
12.15 Lycored
Exhibit 173: Lycored - Overview
Exhibit 174: Lycored - Product / Service
Exhibit 175: Lycored - Key offerings
12.16 Teijin Ltd.
Exhibit 176: Teijin Ltd. - Overview
Exhibit 177: Teijin Ltd. - Business segments
Exhibit 178: Teijin Ltd. - Key offerings
Exhibit 179: Teijin Ltd. - Segment focus
12.17 Vigon International Inc.
Exhibit 180: Vigon International Inc. - Overview
Exhibit 181: Vigon International Inc. - Product / Service
Exhibit 182: Vigon International Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 183: Inclusions checklist
Exhibit 184: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 185: Currency conversion rates for US$
13.4 Research methodology
Exhibit 186: Research methodology
Exhibit 187: Validation techniques employed for market sizing
Exhibit 188: Information sources
13.5 List of abbreviations
Exhibit 189: List of abbreviations