by [150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global lactic acid market was valued at around USD 3.2 billion in 2021 and is expected to register revenues worth USD 6.9 billion by the end of 2030, growing at an exceptional CAGR of approximately 8.91% between 2022 and 2030.
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Lactic Acid Market Report Scope
A recent study by Precedence Research on the lactic acid market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the lactic acid market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of lactic acid. The study also provides the dynamics that are responsible for influencing the future status of the lactic acid market over the forecast period.
A detailed assessment of the lactic acid market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the lactic acid market along with their product portfolio enhances the reliability of this comprehensive research study.
Competition Landscape
The report has engulfed a chapter on the global lactic acid market’s competitive landscape, which provides detailed analysis and insights on companies offering lactic acid. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.
This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
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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]
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global lactic acid market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the lactic acid market.
The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.
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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