Market Overview
According to the research report, the global lactic and poly lactic acid market is valued at USD 3.51 billion in 2022 and is expected to reach USD 7.94 billion by 2032, to grow at a CAGR of 9.7% during the forecast period.
Lactic acid is primarily used in food preservation, pharmaceuticals, and cosmetic formulations, while its polymerized form — PLA — is...