Macroalgae (Ulva fasciata, Gracilaria corticata, and Sargassum wightii) were collected from the marine environment and used as the substrate for lactic acid production. These macroalgae were pretreated with hydrochloric acid (0.2 to 0.4 N) for various times (20 to 60 min). Additionally, the algal hydrolysate was incubated with cellulase for 24 h at 30 ± 1 °C to achieve enzymatic saccharification. Proximate analysis of these macroalgae was performed, and the yield was high in G. corticata. The G. corticata hydrolysate was composed of 10.01 ± 0.12% ash content, 1.25 ± 0.2% total fat, 10.2 ± 0.1% crude protein, 9.2 ± 0.2% moisture content, and a higher level of total carbohydrate (69.33 ± 1.5%) than the other two macroalgae. In G. corticata, the enzymatic treatment showed the maximum reducing sugar (33.5 ± 2.3%) relative to the other macroalgal hydrolysates and was considered for optimization of lactic acid production. Lactobacillus acidophilus (MTCC447) utilized pretreated G. corticata hydrolysate (enriched with 5% yeast extract), and maximum lactic acid yield was achieved after 72 h, 30 °C incubation temperature, and 6% inoculum (1×108 CFU/mL) in static culture condition. Batch fermentation was performed in the 1-L bioreactor at room temperature (30 °C) for 96 h. Lactic acid production was maximum within 72 h and the pH value was depleted. The present finding indicates that G. corticata could be used as a substrate for lactic acid production.