by Precedence Research a new report on lactic acid market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future. The global lactic acid market size was valued at US$ 3.2 billion in 2021. The global lactic acid market is projected to reach US$ 6.9 billion by 2030, registering a compound annual growth rate (CAGR) of 8.91% during the forecast period from 2022 to 2030.
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The global lactic acid market report offers various segments analysis by size, trends, growth factors, opportunities and key country outlook to 2030. The report offers a detailed analysis and information as per lactic acid, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Lactic Acid Market Report Scope
| Report Coverage | Details |
| Market Size by 2030 | USD 6.9 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 8.91% |
| North America Market Share in 2021 | 45% |
| Sugarcane Segment Market Share in 2021 | 68% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Raw Material, Application, Form, Source, End-User, Geography |
The company profiling of leading market players is included this report with Porter’s five forces analysis and Value Chain analysis. Further, the strategies exercised by the companies for expansion of business through mergers, acquisitions, and other business development measures are discussed in the report. The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market.
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Some of the prominent players in the lactic acid market include:
- Corbion (Netherlands)
- DuPont (US)
- Henan Jindan Lacic Acid Technology (China)
- Sulzer (Switzerland)
- Mushashino Chemical (Japan)
- Jungbunzlauer (Switzerland)
- FoodChem International (China)
- Cargill (US)
- Galactic (Belgium)
- DOW (US)
- Unitika (Japan)
- Vaishnavi Biotech (India)
- Spectrum Chemicals (US)
- Godavari Bio-refineries (India)
- ProAgro GmbH (Austria)
- Qingdao Abel Technology (US)
- Vigon International (US)
- Henan Xinghan Biology Technology (China)
- Danimer Scientific (US)
- COFCO BioChemical (China)
Lactic Acid Market Segmentation
By Raw Material
- Corn
- Sugar Cane
- Cassava
- Other Crops
By Application
- Poly lactic acid
- Pharmaceuticals
- Personal care
- Food and beverages
- Industrial
- Others
By Form
- Liquid
- Form
By Source
- Natural
- Synthetic
By End-User
- Packaging
- Textile
- Electronics
- Automotive
- Biomedical
- Other
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
Key Questions are
- What are the key factors influencing the lactic acid market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2022 and 2030?
- What would be the Y-o-Y growth trend of the global market between 2022 and 2030?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Research Objectives and Research Approach
The comprehensive report on the global lactic acid market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products. Following this, the report provides detailed explanation of objectives of this study and laid down by accredited agencies in the purview of research in the global lactic acid market.
It is followed by market introduction, market dynamics, and an overview of the global market, which includes analysis of market drivers, restraints, and trends pertaining to the global market. Furthermore, Y-o-Y growth analysis with elaborated insights has been provided in order to understand the Y-o-Y growth trend of the global market.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller sections. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global lactic acid market in terms of type, application, region and others. Key segments under each criteria are studied at length, and the market share for each of these at the end of 2030 has also been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global market.
Why should you invest in this report?
If you are aiming to enter the global lactic acid market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for lactic acid are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Lactic Acid Market
5.1. COVID-19 Landscape: Lactic Acid Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Lactic Acid Market, By Raw Material
8.1. Lactic Acid Market, by Raw Material, 2022-2030
8.1.1. Corn
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Sugar Cane
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Cassava
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Other Crops
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Lactic Acid Market, By Application
9.1. Lactic Acid Market, by Application, 2022-2030
9.1.1. Poly lactic acid
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Pharmaceuticals
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Personal care
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Food and beverages
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Lactic Acid Market, By Form
10.1. Lactic Acid Market, by Form, 2022-2030
10.1.1. Liquid
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Form
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Lactic Acid Market, By Source
11.1. Lactic Acid Market, by Source, 2022-2030
11.1.1. Natural
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Synthetic
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Lactic Acid Market, By End-User
12.1. Lactic Acid Market, by End-User, 2022-2030
12.1.1. Packaging
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Textile
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Electronics
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Automotive
12.1.4.1. Market Revenue and Forecast (2017-2030)
12.1.5. Biomedical
12.1.5.1. Market Revenue and Forecast (2017-2030)
12.1.6. Other
12.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Lactic Acid Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.1.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.3. Market Revenue and Forecast, by Form (2017-2030)
13.1.4. Market Revenue and Forecast, by Source (2017-2030)
13.1.5. Market Revenue and Forecast, by End-User (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Form (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Source (2017-2030)
13.1.7. Market Revenue and Forecast, by End-User (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Form (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Source (2017-2030)
13.1.8.5. Market Revenue and Forecast, by End-User (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.2.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.3. Market Revenue and Forecast, by Form (2017-2030)
13.2.4. Market Revenue and Forecast, by Source (2017-2030)
13.2.5. Market Revenue and Forecast, by End-User (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Form (2017-2030)
13.2.7. Market Revenue and Forecast, by Source (2017-2030)
13.2.8. Market Revenue and Forecast, by End-User (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Form (2017-2030)
13.2.10. Market Revenue and Forecast, by Source (2017-2030)
13.2.11. Market Revenue and Forecast, by End-User (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Form (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Source (2017-2030)
13.2.13. Market Revenue and Forecast, by End-User (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Form (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Source (2017-2030)
13.2.15. Market Revenue and Forecast, by End-User (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.3.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.3. Market Revenue and Forecast, by Form (2017-2030)
13.3.4. Market Revenue and Forecast, by Source (2017-2030)
13.3.5. Market Revenue and Forecast, by End-User (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Form (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Source (2017-2030)
13.3.7. Market Revenue and Forecast, by End-User (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Form (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Source (2017-2030)
13.3.9. Market Revenue and Forecast, by End-User (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Form (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Source (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End-User (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Form (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Source (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End-User (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.4.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.3. Market Revenue and Forecast, by Form (2017-2030)
13.4.4. Market Revenue and Forecast, by Source (2017-2030)
13.4.5. Market Revenue and Forecast, by End-User (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Form (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Source (2017-2030)
13.4.7. Market Revenue and Forecast, by End-User (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Form (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Source (2017-2030)
13.4.9. Market Revenue and Forecast, by End-User (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Form (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Source (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End-User (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Form (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Source (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End-User (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.5.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.3. Market Revenue and Forecast, by Form (2017-2030)
13.5.4. Market Revenue and Forecast, by Source (2017-2030)
13.5.5. Market Revenue and Forecast, by End-User (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Form (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Source (2017-2030)
13.5.7. Market Revenue and Forecast, by End-User (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Raw Material (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Form (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Source (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End-User (2017-2030)
Chapter 14. Company Profiles
14.1. Corbion
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. DuPont
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Henan Jindan Lacic Acid Technology
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Sulzer
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Mushashino Chemical
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Jungbunzlauer
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. FoodChem International
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Cargill
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Galactic
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. DOW
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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