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Global Lactic Acid Market Research Report 2024

Global Lactic Acid Market Research Report 2024

Publishing Date : Jan, 2023

License Type :
 

Report Code : 1417173

No of Pages : 96

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Lactic acid (CAS 50-21-5) has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid.

The global Lactic Acids market was valued at US$ 1366 million in 2023 and is anticipated to reach US$ 3162.8 million by 2030, witnessing a CAGR of 13.7% during the forecast period 2024-2030.

Global lactic acids (CAS 50-21-5) key players include Corbion, NatureWorks and Henan Jindan Lactic Acid Technology. Global top 3 manufacturers hold a share over 65%.

China is the largest market, with a share about 40%, followed by North America and Southeast Asia, with the share about 25% and 17%. In terms of product, L-lactic acid is the largest segment, with a share over 85%. And in terms of application, the largest application is polylactic acid, followed by food & beverage.

This report aims to provide a comprehensive presentation of the global market for Lactic Acids, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lactic Acids.

Report Scope

The Lactic Acids market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Lactic Acids market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. 

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Lactic Acids manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Company

  •     Corbion
  •     Naturework
  •     Galactic
  •     Henan Jindan Lactic Acid Technology
  •     COFCO Biochemical
  •     Musashino Chemical
  •     Yancheng Haijianuo
  •     Wuhan Sanjiang Space Good Biotech
  •     Shanxi Biochemical
  •     Jungbunzlauer
  •     Zhengzhou Tianrun
  •     Shangdong Fullsail
  •     Tripura Bio Tech Limited

Segment by Type

  •     Food Grade
  •     Industrial Grade
  •     Pharmaceutical Grade

Segment by Application

  •     Pharmaceutical
  •     Home & personal Care
  •     Industrial Applications
  •     Food & Beverage
  •     Others

Production by Region

  •     North America
  •     Europe
  •     China
  •     Japan

Consumption by Region

  •  North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Lactic Acids manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Lactic Acids in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 9: The main points and conclusions of the report.
 

 1 Lactic Acids Market Overview
    1.1 Product Overview and Scope of Lactic Acids
    1.2 Lactic Acids Segment by Type
        1.2.1 Global Lactic Acids Market Value Comparison by Type (2024-2030)
        1.2.2 DL-Lactic Acid
        1.2.3 D-Lactic Acid
        1.2.4 L-Lactic Acid
    1.3 Lactic Acids Segment by Application
        1.3.1 Global Lactic Acids Market Value by Application: (2024-2030)
        1.3.2 Food & Beverage
        1.3.3 Polylactic Acid
        1.3.4 Industrial
        1.3.5 Pharmaceutical
        1.3.6 Personal Care
        1.3.7 Others
    1.4 Global Lactic Acids Market Size Estimates and Forecasts
        1.4.1 Global Lactic Acids Revenue 2019-2030
        1.4.2 Global Lactic Acids Sales 2019-2030
        1.4.3 Global Lactic Acids Market Average Price (2019-2030)
    1.5 Assumptions and Limitations

 2 Lactic Acids Market Competition by Manufacturers
    2.1 Global Lactic Acids Sales Market Share by Manufacturers (2019-2024)
    2.2 Global Lactic Acids Revenue Market Share by Manufacturers (2019-2024)
    2.3 Global Lactic Acids Average Price by Manufacturers (2019-2024)
    2.4 Global Lactic Acids Industry Ranking 2022 VS 2023 VS 2024
    2.5 Global Key Manufacturers of Lactic Acids, Manufacturing Sites & Headquarters
    2.6 Global Key Manufacturers of Lactic Acids, Product Type & Application
    2.7 Lactic Acids Market Competitive Situation and Trends
        2.7.1 Lactic Acids Market Concentration Rate
        2.7.2 The Global Top 5 and Top 10 Largest Lactic Acids Players Market Share by Revenue
        2.7.3 Global Lactic Acids Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
    2.8 Manufacturers Mergers & Acquisitions, Expansion Plans

 3 Lactic Acids Retrospective Market Scenario by Region
    3.1 Global Lactic Acids Market Size by Region: 2019 Versus 2023 Versus 2030
    3.2 Global Lactic Acids Global Lactic Acids Sales by Region: 2019-2030
        3.2.1 Global Lactic Acids Sales by Region: 2019-2024
        3.2.2 Global Lactic Acids Sales by Region: 2025-2030
    3.3 Global Lactic Acids Global Lactic Acids Revenue by Region: 2019-2030
        3.3.1 Global Lactic Acids Revenue by Region: 2019-2024
        3.3.2 Global Lactic Acids Revenue by Region: 2025-2030
    3.4 North America Lactic Acids Market Facts & Figures by Country
        3.4.1 North America Lactic Acids Market Size by Country: 2019 VS 2023 VS 2030
        3.4.2 North America Lactic Acids Sales by Country (2019-2030)
        3.4.3 North America Lactic Acids Revenue by Country (2019-2030)
        3.4.4 U.S.
        3.4.5 Canada
    3.5 Europe Lactic Acids Market Facts & Figures by Country
        3.5.1 Europe Lactic Acids Market Size by Country: 2019 VS 2023 VS 2030
        3.5.2 Europe Lactic Acids Sales by Country (2019-2030)
        3.5.3 Europe Lactic Acids Revenue by Country (2019-2030)
        3.5.4 Germany
        3.5.5 France
        3.5.6 U.K.
        3.5.7 Italy
        3.5.8 Russia
    3.6 Asia Pacific Lactic Acids Market Facts & Figures by Country
        3.6.1 Asia Pacific Lactic Acids Market Size by Country: 2019 VS 2023 VS 2030
        3.6.2 Asia Pacific Lactic Acids Sales by Country (2019-2030)
        3.6.3 Asia Pacific Lactic Acids Revenue by Country (2019-2030)
        3.6.4 China
        3.6.5 Japan
        3.6.6 South Korea
        3.6.7 India
        3.6.8 Australia
        3.6.9 Taiwan
        3.6.10 Indonesia
        3.6.11 Thailand
        3.6.12 Malaysia
        3.6.13 Philippines
    3.7 Latin America Lactic Acids Market Facts & Figures by Country
        3.7.1 Latin America Lactic Acids Market Size by Country: 2019 VS 2023 VS 2030
        3.7.2 Latin America Lactic Acids Sales by Country (2019-2030)
        3.7.3 Latin America Lactic Acids Revenue by Country (2019-2030)
        3.7.4 Mexico
        3.7.5 Brazil
        3.7.6 Argentina
    3.8 Middle East and Africa Lactic Acids Market Facts & Figures by Country
        3.8.1 Middle East and Africa Lactic Acids Market Size by Country: 2019 VS 2023 VS 2030
        3.8.2 Middle East and Africa Lactic Acids Sales by Country (2019-2030)
        3.8.3 Middle East and Africa Lactic Acids Revenue by Country (2019-2030)
        3.8.4 Turkey
        3.8.5 Saudi Arabia
        3.8.6 U.A.E

 4 Segment by Type
    4.1 Global Lactic Acids Sales by Type (2019-2030)
        4.1.1 Global Lactic Acids Sales by Type (2019-2024)
        4.1.2 Global Lactic Acids Sales by Type (2025-2030)
        4.1.3 Global Lactic Acids Sales Market Share by Type (2019-2030)
    4.2 Global Lactic Acids Revenue by Type (2019-2030)
        4.2.1 Global Lactic Acids Revenue by Type (2019-2024)
        4.2.2 Global Lactic Acids Revenue by Type (2025-2030)
        4.2.3 Global Lactic Acids Revenue Market Share by Type (2019-2030)
    4.3 Global Lactic Acids Price by Type (2019-2030)

 5 Segment by Application
    5.1 Global Lactic Acids Sales by Application (2019-2030)
        5.1.1 Global Lactic Acids Sales by Application (2019-2024)
        5.1.2 Global Lactic Acids Sales by Application (2025-2030)
        5.1.3 Global Lactic Acids Sales Market Share by Application (2019-2030)
    5.2 Global Lactic Acids Revenue by Application (2019-2030)
        5.2.1 Global Lactic Acids Revenue by Application (2019-2024)
        5.2.2 Global Lactic Acids Revenue by Application (2025-2030)
        5.2.3 Global Lactic Acids Revenue Market Share by Application (2019-2030)
    5.3 Global Lactic Acids Price by Application (2019-2030)

 6 Key Companies Profiled
    6.1 Corbion
        6.1.1 Corbion Corporation Information
        6.1.2 Corbion Description and Business Overview
        6.1.3 Corbion Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.1.4 Corbion Lactic Acids Product Portfolio
        6.1.5 Corbion Recent Developments/Updates
    6.2 NatureWorks
        6.2.1 NatureWorks Corporation Information
        6.2.2 NatureWorks Description and Business Overview
        6.2.3 NatureWorks Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.2.4 NatureWorks Lactic Acids Product Portfolio
        6.2.5 NatureWorks Recent Developments/Updates
    6.3 Henan Jindan Lactic Acid Technology
        6.3.1 Henan Jindan Lactic Acid Technology Corporation Information
        6.3.2 Henan Jindan Lactic Acid Technology Description and Business Overview
        6.3.3 Henan Jindan Lactic Acid Technology Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.3.4 Henan Jindan Lactic Acid Technology Lactic Acids Product Portfolio
        6.3.5 Henan Jindan Lactic Acid Technology Recent Developments/Updates
    6.4 Galactic
        6.4.1 Galactic Corporation Information
        6.4.2 Galactic Description and Business Overview
        6.4.3 Galactic Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.4.4 Galactic Lactic Acids Product Portfolio
        6.4.5 Galactic Recent Developments/Updates
    6.5 BBCA Group
        6.5.1 BBCA Group Corporation Information
        6.5.2 BBCA Group Description and Business Overview
        6.5.3 BBCA Group Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.5.4 BBCA Group Lactic Acids Product Portfolio
        6.5.5 BBCA Group Recent Developments/Updates
    6.6 Jungbunzlauer
        6.6.1 Jungbunzlauer Corporation Information
        6.6.2 Jungbunzlauer Description and Business Overview
        6.6.3 Jungbunzlauer Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.6.4 Jungbunzlauer Lactic Acids Product Portfolio
        6.6.5 Jungbunzlauer Recent Developments/Updates
    6.7 Shandong Parkson Biotechnology
        6.6.1 Shandong Parkson Biotechnology Corporation Information
        6.6.2 Shandong Parkson Biotechnology Description and Business Overview
        6.6.3 Shandong Parkson Biotechnology Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.4.4 Shandong Parkson Biotechnology Lactic Acids Product Portfolio
        6.7.5 Shandong Parkson Biotechnology Recent Developments/Updates
    6.8 Musashino Chemical
        6.8.1 Musashino Chemical Corporation Information
        6.8.2 Musashino Chemical Description and Business Overview
        6.8.3 Musashino Chemical Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.8.4 Musashino Chemical Lactic Acids Product Portfolio
        6.8.5 Musashino Chemical Recent Developments/Updates
    6.9 Henan Xinghan Biotechnology
        6.9.1 Henan Xinghan Biotechnology Corporation Information
        6.9.2 Henan Xinghan Biotechnology Description and Business Overview
        6.9.3 Henan Xinghan Biotechnology Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.9.4 Henan Xinghan Biotechnology Lactic Acids Product Portfolio
        6.9.5 Henan Xinghan Biotechnology Recent Developments/Updates
    6.10 Wuhan Sanjiang Space Good Biotech
        6.10.1 Wuhan Sanjiang Space Good Biotech Corporation Information
        6.10.2 Wuhan Sanjiang Space Good Biotech Description and Business Overview
        6.10.3 Wuhan Sanjiang Space Good Biotech Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.10.4 Wuhan Sanjiang Space Good Biotech Lactic Acids Product Portfolio
        6.10.5 Wuhan Sanjiang Space Good Biotech Recent Developments/Updates
    6.11 Shandong Shouguang Juneng Golden
        6.11.1 Shandong Shouguang Juneng Golden Corporation Information
        6.11.2 Shandong Shouguang Juneng Golden Lactic Acids Description and Business Overview
        6.11.3 Shandong Shouguang Juneng Golden Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.11.4 Shandong Shouguang Juneng Golden Lactic Acids Product Portfolio
        6.11.5 Shandong Shouguang Juneng Golden Recent Developments/Updates
    6.12 Shanxi Leda Biochemical
        6.12.1 Shanxi Leda Biochemical Corporation Information
        6.12.2 Shanxi Leda Biochemical Lactic Acids Description and Business Overview
        6.12.3 Shanxi Leda Biochemical Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.12.4 Shanxi Leda Biochemical Lactic Acids Product Portfolio
        6.12.5 Shanxi Leda Biochemical Recent Developments/Updates
    6.13 Shangdong Fullsail
        6.13.1 Shangdong Fullsail Corporation Information
        6.13.2 Shangdong Fullsail Lactic Acids Description and Business Overview
        6.13.3 Shangdong Fullsail Lactic Acids Sales, Revenue and Gross Margin (2019-2024)
        6.13.4 Shangdong Fullsail Lactic Acids Product Portfolio
        6.13.5 Shangdong Fullsail Recent Developments/Updates

 7 Industry Chain and Sales Channels Analysis
    7.1 Lactic Acids Industry Chain Analysis
    7.2 Lactic Acids Key Raw Materials
        7.2.1 Key Raw Materials
        7.2.2 Raw Materials Key Suppliers
    7.3 Lactic Acids Production Mode & Process
    7.4 Lactic Acids Sales and Marketing
        7.4.1 Lactic Acids Sales Channels
        7.4.2 Lactic Acids Distributors
    7.5 Lactic Acids Customers

 8 Lactic Acids Market Dynamics
    8.1 Lactic Acids Industry Trends
    8.2 Lactic Acids Market Drivers
    8.3 Lactic Acids Market Challenges
    8.4 Lactic Acids Market Restraints

 9 Research Finding and Conclusion

 10 Methodology and Data Source
    10.1 Methodology/Research Approach
        10.1.1 Research Programs/Design
        10.1.2 Market Size Estimation
        10.1.3 Market Breakdown and Data Triangulation
    10.2 Data Source
        10.2.1 Secondary Sources
        10.2.2 Primary Sources
    10.3 Author List
    10.4 Disclaimer

Published By : QY Research

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