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Article: Prospects for lactic acid are healthy as demand for all end uses grows. (Consumer Specialties).(Industry Overview)
- Article from:
- Chemical Market Reporter
- Article date:
- February 10, 2003
- Author:
CopyrightCOPYRIGHT 2003 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE LACTIC acid market is experiencing healthy growth across the board, with consumer interest in food safety and mineral fortification boosting sales in food applications and industrial applications beginning to take off. The downward pricing trend that plagued the product in the past several years appears to have subsided. Going forward, producers are optimistic that the product will continue to enjoy above-average growth.
Lactic acid prices began to droop in the late-1990s, based on overcapacity and competition from product from China but appear to have rebounded slightly. The price of 88 percent solution of food grade lactic acid was generally steady at ...