The global lactic acid market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of the market can be attributed to the increasing demand for lactic acid in various applications such as pharmaceuticals, food & beverage, and industrial applications. Lactic acid is used in pharmaceuticals as an active ingredient in topical creams and ointments for skin care treatments. It is also used as a preservative in food & beverages such as cheese and yogurt products. In addition, it is used in industrial applications such as textile dyeing and leather tanning processes.
The global lactic acid market by type includes food grade, industrial grade, and pharmaceutical grade; while by application includes pharmaceuticals, home & personal care products (HPC), industrial applications (IA), and food & beverage (F&B). The North American region dominates the global lactic acid market with a share of over 40%. This can be attributed to the presence of major players operating across this region which are engaged in manufacturing high-quality products at competitive prices.
Some Of The Growth Factors Of This Market:
- Lactic acid is a natural byproduct of the fermentation process, which is used in the production of cheese and yogurt.
- Lactic acid has been found to have anti-inflammatory properties, which may be useful for treating arthritis and other inflammatory conditions.
- Lactic acid can be used as a preservative in food products such as meat, fish, vegetables and fruit to extend their shelf life by inhibiting the growth of bacteria that cause spoilage or food poisoning.
- The use of lactic acid as an additive in food products has increased due to its ability to inhibit the growth of bacteria that cause spoilage or food poisoning without affecting flavor or texture.
- The demand for lactic acid is expected to increase due to its use in pharmaceuticals.
Industry Growth Insights published a new data on “Lactic Acid Market”. The research report is titled “Lactic Acid Market research by Types (Food Grade, Industrial Grade, Pharmaceutical Grade), By Applications (Pharmaceutical, Home & personal Care, Industrial Applications, Food & Beverage, Others), By Players/Companies 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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactic Acid Market Research Report
By Type
Food Grade, Industrial Grade, Pharmaceutical Grade
By Application
Pharmaceutical, Home & personal Care, Industrial Applications, Food & Beverage, Others
By Companies
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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lactic Acid Market Report Segments:
The global Lactic Acid market is segmented on the basis of:
Types
Food Grade, Industrial Grade, Pharmaceutical Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Home & personal Care, Industrial Applications, Food & Beverage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The Lactic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- By Application:
- Pharmaceutical
- Home & personal Care
- Industrial Applications
- Food & Beverage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lactic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lactic acid is a molecule that is produced when the body breaks down glucose. It helps to create energy and supports muscle function.
Some of the major players in the lactic acid market are 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.
The lactic acid market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lactic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lactic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lactic Acid Market - Supply Chain
4.5. Global Lactic Acid Market Forecast
4.5.1. Lactic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lactic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lactic Acid Market Absolute $ Opportunity
5. Global Lactic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lactic Acid Market Size and Volume Forecast by Type
5.3.1. Food Grade
5.3.2. Industrial Grade
5.3.3. Pharmaceutical Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lactic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lactic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical
6.3.2. Home & personal Care
6.3.3. Industrial Applications
6.3.4. Food & Beverage
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lactic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lactic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lactic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lactic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lactic Acid Demand Share Forecast, 2019-2026
9. North America Lactic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lactic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lactic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical
9.4.2. Home & personal Care
9.4.3. Industrial Applications
9.4.4. Food & Beverage
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lactic Acid Market Size and Volume Forecast by Type
9.7.1. Food Grade
9.7.2. Industrial Grade
9.7.3. Pharmaceutical Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lactic Acid Demand Share Forecast, 2019-2026
10. Latin America Lactic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lactic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lactic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical
10.4.2. Home & personal Care
10.4.3. Industrial Applications
10.4.4. Food & Beverage
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lactic Acid Market Size and Volume Forecast by Type
10.7.1. Food Grade
10.7.2. Industrial Grade
10.7.3. Pharmaceutical Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lactic Acid Demand Share Forecast, 2019-2026
11. Europe Lactic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lactic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lactic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical
11.4.2. Home & personal Care
11.4.3. Industrial Applications
11.4.4. Food & Beverage
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lactic Acid Market Size and Volume Forecast by Type
11.7.1. Food Grade
11.7.2. Industrial Grade
11.7.3. Pharmaceutical Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lactic Acid Demand Share, 2019-2026
12. Asia Pacific Lactic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lactic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lactic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical
12.4.2. Home & personal Care
12.4.3. Industrial Applications
12.4.4. Food & Beverage
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lactic Acid Market Size and Volume Forecast by Type
12.7.1. Food Grade
12.7.2. Industrial Grade
12.7.3. Pharmaceutical Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lactic Acid Demand Share, 2019-2026
13. Middle East & Africa Lactic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lactic Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lactic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical
13.4.2. Home & personal Care
13.4.3. Industrial Applications
13.4.4. Food & Beverage
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lactic Acid Market Size and Volume Forecast by Type
13.7.1. Food Grade
13.7.2. Industrial Grade
13.7.3. Pharmaceutical Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lactic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lactic Acid Market: Market Share Analysis
14.2. Lactic Acid Distributors and Customers
14.3. Lactic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Corbion
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Naturework
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Galactic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Henan Jindan Lactic Acid Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COFCO Biochemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Musashino Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Yancheng Haijianuo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wuhan Sanjiang Space Good Biotech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanxi Biochemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jungbunzlauer
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhengzhou Tianrun
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shangdong Fullsail
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tripura Bio Tech Limited
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
