Ethyl Lactate Market To Offer Numerous Opportunities At A CAGR Of 7.5% through 2033
Global Ethyl Lactate Market was valued at USD 3.1 billion in 2022, and is expected to reach USD 6.3 Billion in 2032 Between 2023 and 2032, this market is estimated to register a CAGR of 7.5%. The Ethyl Lactate Market refers to the industry involved in the production, distribution, and utilization of ethyl lactate, a chemical compound derived from lactic acid. Ethyl lactate has various applications across industries such as food and beverages, pharmaceuticals, cosmetics, and personal care products. It is commonly used as a solvent, flavoring agent, or fragrance ingredient in these sectors. The market for ethyl lactate is driven by factors such as its…
- Date: April 29, 2024
- Author: Thomas Bretz
- Category: PharmiWeb