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Global Natural L-Lactic Acid Market Research Report 2024
Synopsis
L-lactic acid is a natural isomer while D-lactic acid is an unnatural form of isomer. Natural L-lactic acid is also known as milk acid, which is available in powder and liquid form. Natural L-lactic acid is been used for a long time in various industries such as food, beverage, pharmaceutical, cosmetics, animal feed, chemical, etc. Natural L-lactic acid provides important properties such as improves the texture of the medicinal formulations, improves flavour, increases microbial stabilities during beer production, and also offers antimicrobial properties.
The global Natural L-Lactic Acid market was valued at US$ 1381.7 million in 2023 and is anticipated to reach US$ 1787.3 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
North American market for Natural L-Lactic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Natural L-Lactic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Natural L-Lactic Acid include Corbion, Jungbunzlauer Suisse AG, Galactic, Prathista Industries Limited, Penta Manufacturing Company, Lee Biosolutions, Wuhan Sanjiang Space Good Biotech and Tripura Biotech Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Natural L-Lactic Acid, 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 Natural L-Lactic Acid.
Report Scope
The Natural L-Lactic Acid market size, estimations, and forecasts are provided in terms of sales volume (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 Natural L-Lactic Acid 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 Natural L-Lactic Acid 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.
Market Segmentation
By Company
Corbion
Jungbunzlauer Suisse AG
Galactic
Prathista Industries Limited
Penta Manufacturing Company
Lee Biosolutions
Wuhan Sanjiang Space Good Biotech
Tripura Biotech Limited
Segment by Type
Powdered L-Lactic Acid
Liquid L-Lactic Acid
Segment by Application
Food and Beverage Processing
Cosmetic
Pharmaceutical Industry
Other
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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 Natural L-Lactic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Natural L-Lactic Acid 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.
L-lactic acid is a natural isomer while D-lactic acid is an unnatural form of isomer. Natural L-lactic acid is also known as milk acid, which is available in powder and liquid form. Natural L-lactic acid is been used for a long time in various industries such as food, beverage, pharmaceutical, cosmetics, animal feed, chemical, etc. Natural L-lactic acid provides important properties such as improves the texture of the medicinal formulations, improves flavour, increases microbial stabilities during beer production, and also offers antimicrobial properties.
The global Natural L-Lactic Acid market was valued at US$ 1381.7 million in 2023 and is anticipated to reach US$ 1787.3 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.
North American market for Natural L-Lactic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Natural L-Lactic Acid is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Natural L-Lactic Acid include Corbion, Jungbunzlauer Suisse AG, Galactic, Prathista Industries Limited, Penta Manufacturing Company, Lee Biosolutions, Wuhan Sanjiang Space Good Biotech and Tripura Biotech Limited, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Natural L-Lactic Acid, 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 Natural L-Lactic Acid.
Report Scope
The Natural L-Lactic Acid market size, estimations, and forecasts are provided in terms of sales volume (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 Natural L-Lactic Acid 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 Natural L-Lactic Acid 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.
Market Segmentation
By Company
Corbion
Jungbunzlauer Suisse AG
Galactic
Prathista Industries Limited
Penta Manufacturing Company
Lee Biosolutions
Wuhan Sanjiang Space Good Biotech
Tripura Biotech Limited
Segment by Type
Powdered L-Lactic Acid
Liquid L-Lactic Acid
Segment by Application
Food and Beverage Processing
Cosmetic
Pharmaceutical Industry
Other
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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 Natural L-Lactic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Sales, revenue of Natural L-Lactic Acid 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.
Index1 Natural L-Lactic Acid Market Overview
1.1 Product Overview and Scope of Natural L-Lactic Acid
1.2 Natural L-Lactic Acid Segment by Type
1.2.1 Global Natural L-Lactic Acid Market Value Comparison by Type (2024-2030)
1.2.2 Powdered L-Lactic Acid
1.2.3 Liquid L-Lactic Acid
1.3 Natural L-Lactic Acid Segment by Application
1.3.1 Global Natural L-Lactic Acid Market Value by Application: (2024-2030)
1.3.2 Food and Beverage Processing
1.3.3 Cosmetic
1.3.4 Pharmaceutical Industry
1.3.5 Other
1.4 Global Natural L-Lactic Acid Market Size Estimates and Forecasts
1.4.1 Global Natural L-Lactic Acid Revenue 2019-2030
1.4.2 Global Natural L-Lactic Acid Sales 2019-2030
1.4.3 Global Natural L-Lactic Acid Market Average Price (2019-2030)
1.5 Assumptions and Limitations
2 Natural L-Lactic Acid Market Competition by Manufacturers
2.1 Global Natural L-Lactic Acid Sales Market Share by Manufacturers (2019-2024)
2.2 Global Natural L-Lactic Acid Revenue Market Share by Manufacturers (2019-2024)
2.3 Global Natural L-Lactic Acid Average Price by Manufacturers (2019-2024)
2.4 Global Natural L-Lactic Acid Industry Ranking 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Natural L-Lactic Acid, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Natural L-Lactic Acid, Product Type & Application
2.7 Natural L-Lactic Acid Market Competitive Situation and Trends
2.7.1 Natural L-Lactic Acid Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Natural L-Lactic Acid Players Market Share by Revenue
2.7.3 Global Natural L-Lactic Acid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Natural L-Lactic Acid Retrospective Market Scenario by Region
3.1 Global Natural L-Lactic Acid Market Size by Region: 2019 Versus 2023 Versus 2030
3.2 Global Natural L-Lactic Acid Global Natural L-Lactic Acid Sales by Region: 2019-2030
3.2.1 Global Natural L-Lactic Acid Sales by Region: 2019-2024
3.2.2 Global Natural L-Lactic Acid Sales by Region: 2025-2030
3.3 Global Natural L-Lactic Acid Global Natural L-Lactic Acid Revenue by Region: 2019-2030
3.3.1 Global Natural L-Lactic Acid Revenue by Region: 2019-2024
3.3.2 Global Natural L-Lactic Acid Revenue by Region: 2025-2030
3.4 North America Natural L-Lactic Acid Market Facts & Figures by Country
3.4.1 North America Natural L-Lactic Acid Market Size by Country: 2019 VS 2023 VS 2030
3.4.2 North America Natural L-Lactic Acid Sales by Country (2019-2030)
3.4.3 North America Natural L-Lactic Acid Revenue by Country (2019-2030)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Natural L-Lactic Acid Market Facts & Figures by Country
3.5.1 Europe Natural L-Lactic Acid Market Size by Country: 2019 VS 2023 VS 2030
3.5.2 Europe Natural L-Lactic Acid Sales by Country (2019-2030)
3.5.3 Europe Natural L-Lactic Acid 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 Natural L-Lactic Acid Market Facts & Figures by Country
3.6.1 Asia Pacific Natural L-Lactic Acid Market Size by Country: 2019 VS 2023 VS 2030
3.6.2 Asia Pacific Natural L-Lactic Acid Sales by Country (2019-2030)
3.6.3 Asia Pacific Natural L-Lactic Acid 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 Natural L-Lactic Acid Market Facts & Figures by Country
3.7.1 Latin America Natural L-Lactic Acid Market Size by Country: 2019 VS 2023 VS 2030
3.7.2 Latin America Natural L-Lactic Acid Sales by Country (2019-2030)
3.7.3 Latin America Natural L-Lactic Acid Revenue by Country (2019-2030)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Natural L-Lactic Acid Market Facts & Figures by Country
3.8.1 Middle East and Africa Natural L-Lactic Acid Market Size by Country: 2019 VS 2023 VS 2030
3.8.2 Middle East and Africa Natural L-Lactic Acid Sales by Country (2019-2030)
3.8.3 Middle East and Africa Natural L-Lactic Acid 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 Natural L-Lactic Acid Sales by Type (2019-2030)
4.1.1 Global Natural L-Lactic Acid Sales by Type (2019-2024)
4.1.2 Global Natural L-Lactic Acid Sales by Type (2025-2030)
4.1.3 Global Natural L-Lactic Acid Sales Market Share by Type (2019-2030)
4.2 Global Natural L-Lactic Acid Revenue by Type (2019-2030)
4.2.1 Global Natural L-Lactic Acid Revenue by Type (2019-2024)
4.2.2 Global Natural L-Lactic Acid Revenue by Type (2025-2030)
4.2.3 Global Natural L-Lactic Acid Revenue Market Share by Type (2019-2030)
4.3 Global Natural L-Lactic Acid Price by Type (2019-2030)
5 Segment by Application
5.1 Global Natural L-Lactic Acid Sales by Application (2019-2030)
5.1.1 Global Natural L-Lactic Acid Sales by Application (2019-2024)
5.1.2 Global Natural L-Lactic Acid Sales by Application (2025-2030)
5.1.3 Global Natural L-Lactic Acid Sales Market Share by Application (2019-2030)
5.2 Global Natural L-Lactic Acid Revenue by Application (2019-2030)
5.2.1 Global Natural L-Lactic Acid Revenue by Application (2019-2024)
5.2.2 Global Natural L-Lactic Acid Revenue by Application (2025-2030)
5.2.3 Global Natural L-Lactic Acid Revenue Market Share by Application (2019-2030)
5.3 Global Natural L-Lactic Acid 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 Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.1.4 Corbion Natural L-Lactic Acid Product Portfolio
6.1.5 Corbion Recent Developments/Updates
6.2 Jungbunzlauer Suisse AG
6.2.1 Jungbunzlauer Suisse AG Corporation Information
6.2.2 Jungbunzlauer Suisse AG Description and Business Overview
6.2.3 Jungbunzlauer Suisse AG Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.2.4 Jungbunzlauer Suisse AG Natural L-Lactic Acid Product Portfolio
6.2.5 Jungbunzlauer Suisse AG Recent Developments/Updates
6.3 Galactic
6.3.1 Galactic Corporation Information
6.3.2 Galactic Description and Business Overview
6.3.3 Galactic Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.3.4 Galactic Natural L-Lactic Acid Product Portfolio
6.3.5 Galactic Recent Developments/Updates
6.4 Prathista Industries Limited
6.4.1 Prathista Industries Limited Corporation Information
6.4.2 Prathista Industries Limited Description and Business Overview
6.4.3 Prathista Industries Limited Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Prathista Industries Limited Natural L-Lactic Acid Product Portfolio
6.4.5 Prathista Industries Limited Recent Developments/Updates
6.5 Penta Manufacturing Company
6.5.1 Penta Manufacturing Company Corporation Information
6.5.2 Penta Manufacturing Company Description and Business Overview
6.5.3 Penta Manufacturing Company Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.5.4 Penta Manufacturing Company Natural L-Lactic Acid Product Portfolio
6.5.5 Penta Manufacturing Company Recent Developments/Updates
6.6 Lee Biosolutions
6.6.1 Lee Biosolutions Corporation Information
6.6.2 Lee Biosolutions Description and Business Overview
6.6.3 Lee Biosolutions Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.6.4 Lee Biosolutions Natural L-Lactic Acid Product Portfolio
6.6.5 Lee Biosolutions Recent Developments/Updates
6.7 Wuhan Sanjiang Space Good Biotech
6.6.1 Wuhan Sanjiang Space Good Biotech Corporation Information
6.6.2 Wuhan Sanjiang Space Good Biotech Description and Business Overview
6.6.3 Wuhan Sanjiang Space Good Biotech Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.4.4 Wuhan Sanjiang Space Good Biotech Natural L-Lactic Acid Product Portfolio
6.7.5 Wuhan Sanjiang Space Good Biotech Recent Developments/Updates
6.8 Tripura Biotech Limited
6.8.1 Tripura Biotech Limited Corporation Information
6.8.2 Tripura Biotech Limited Description and Business Overview
6.8.3 Tripura Biotech Limited Natural L-Lactic Acid Sales, Revenue and Gross Margin (2019-2024)
6.8.4 Tripura Biotech Limited Natural L-Lactic Acid Product Portfolio
6.8.5 Tripura Biotech Limited Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Natural L-Lactic Acid Industry Chain Analysis
7.2 Natural L-Lactic Acid Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Natural L-Lactic Acid Production Mode & Process
7.4 Natural L-Lactic Acid Sales and Marketing
7.4.1 Natural L-Lactic Acid Sales Channels
7.4.2 Natural L-Lactic Acid Distributors
7.5 Natural L-Lactic Acid Customers
8 Natural L-Lactic Acid Market Dynamics
8.1 Natural L-Lactic Acid Industry Trends
8.2 Natural L-Lactic Acid Market Drivers
8.3 Natural L-Lactic Acid Market Challenges
8.4 Natural L-Lactic Acid 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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