The global market for lactic acid was valued USD 1,275.00 million In 2014, and is projected to reach USD 4,129.19 million by 2022 growing at a CAGR of 16.9% from 2015 to 2022. In terms of volume in 2014 the global market for lactic acid was 750.00 kilo tons and is projected to reach 1,844.56 kilo tons by 2022 growing at a CAGR of 12.9% from 2015 to 2022.
Citric acid, a mild organic acid, is widely recognised for its natural preservative and flavor-enhancing properties in foods and beverages. In addition to being extracted predominantly from citrus fruits such as lemons and oranges, it is widely used in pharmaceuticals, cosmetics, and industrial applications. While the citric acid market flourished in 2022, it is essential to comprehend the forces driving its expansion and the obstacles it confronts. The citric acid market is anticipated to expand at a 4.6% CAGR between 2024 and 2032.
Asia Pacific is projected to grow at the fastest estimated CAGR of 7.9% from 2015 to 2022 in terms of revenue. China is the single largest market for citric acid which accounts for more than 30% of the global production. It is also projected to remain a major exporter of citric acid. Of the six largest citric acid producers, four of them produce citric acid solely in China. Companies Jungbunzlauer and Anhui COFCO Biochemical operates in more than one country. These companies target global export as well as domestic end use applications.
According to a new market research report published by Credence Research “Wavelength Division Multiplexers (Multiplexer Type – Dense Wavelength Division Multiplexer (DWDM) and Coarse Wavelength Division Multiplexer (CWDM); End-use – IT & Telecom, BFSI, Academics & Institutes, Manufacturing & Operations, Logistics, Hospitality, Retail and Healthcare) Market – Growth, Future Prospects and Competitive Analysis, 2018 - 2026”, the global wavelength division multiplexers market is set to expand with promising CAGR of 11.0% throughout the forecast period to cross US$ 35 Bn by 2026.
The latest market report published by Credence Research, Inc. “Breast Biopsy Devices Market - Growth, Future Prospects, and Competitive Analysis, 2018 - 2026,” reports that alarming incidence of breast cancer and oncoming trend of minimally invasive and guided cancer diagnostics will drive the global breast biopsy devices market.
According to a new market report published by Acute Market Reports “Camphor Tablets Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2022 - 2030,” the camphor tablets market is expected to reach US$ 261.6 Mn by 2030, expanding at a CAGR of 7.6% from 2022 to 2030.
According to a new market report published by Acute Market Reports Inc “Unified Communication and Collaboration (UCC) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2020 - 2028,” the UCC market is expected to grow at a CAGR of 11.9%, with the rising demand for unified communication as a service (UCaaS). Enterprises across the world are focusing to improve business communication process by upgrading existing messaging and telephony infrastructure and also by adding new applications supporting mobility due to the COVID-19 pandemic.
The latest market report published by Acute Market Reports “Global Angina Pectoris Treatment Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2022 - 2030,” the angina pectoris treatment market was valued at USD 10,447.19 Mn in 2021, and is expected to reach USD 17,826.8 Mn by 2030, expanding at a CAGR of 5.2% from 2022 to 2030.
According to a new market report published by Credence Research “Global Coal Bed Methane Market for Oil & Gas Industry - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the Global Coal Bed Methane Market is expected to reach US$ 4.3 Bn by 2023, expanding at a CAGR of 4.3% between 2016 to 2023.
North America and Asia Pacific region together accounted more than 60% share of the pie in 2014 in terms of revenue. The U.S. is the largest market for vitamins worldwide. Canada and Mexico are projected to grow at a moderate rate. The natural vitamins and personal care products are driving the overall vitamins market in North America. The North America vitamins market is a competitive industry, with firms such as DuPont, Cargill Inc., BASF SE, Royal DSM and Archer Daniels Midland Co. (ADM).
