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Growing application from industrial and personal care may also promote lactic acid market size. Rising demand for lactic acid as pH regulator and preservatives for food & beverages sector is expected to fuel its demand over the forecast period. Growing cosmetic industry, because of the increasing number of manufacturing base by companies including Unilever, Johnson & Johnson, and P&G in the U.S. is expected to drive industry expansion. Increasing usage in creams, shampoos, and body care products as it enhances skin lightening effects, improves collagen and elastin synthesis, accelerates exfoliation and cell renewal is expected to propel industry expansion over the forecast period.

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