According to Fortune Business Insights™, the global lactic acid market size was USD 1.18 billion in 2020. The market is projected to grow from USD 1.28 billion in 2021 to USD 2.43 billion in 2028 at a CAGR of 9.6% during the 2021-2028 period.

Source: https://www.fortunebusinessinsights.com/lactic-acid-market-102119

It's important to note that market trends and dynamics can change over time, so it's advisable to refer to the latest market reports and research for the most up-to-date information on the lactic acid market.

Growing Demand in Personal Care Products: Lactic acid has gained popularity in the personal care industry due to its exfoliating and moisturizing properties. It is used in skincare products, such as creams, lotions, and masks, to improve skin texture and reduce signs of aging. The increasing demand for natural and organic personal care products has further contributed to the growth of the lactic acid market.