Market Overview:
The global natural L-Lactic Acid market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for natural L-Lactic Acid from various applications such as food and beverage processing, cosmetic, pharmaceutical industry, and other applications. North America is expected to dominate the global natural L-Lactic Acid market during the forecast period owing to the presence of major players in this region. Asia Pacific is projected to be fastest growing region during the forecast period owing to rising demand for natural L-Lactic acid from various end users industries in this region.
Product Definition:
Lactic acid is a compound produced by the fermentation of lactose, or milk sugar. Lactic acid is used in food production as a preservative and flavoring agent. It also has cosmetic applications, as lactic acid can be used to exfoliate skin.
Powdered L-Lactic Acid:
Powdered L-lactic acid is a crystalline form of lactic acid, which has the same molecular weight and structure as that of glucose. It is produced by the fermentation of bacterial fermentation in an aseptic environment. The product has several industrial applications such as it can be used to synthesize vitamin C, collagenase inhibitors (inhibitors), and other chemical intermediates required for pharmaceuticals or biotechnology industries.
Liquid L-Lactic Acid:
Liquid L-lactic acid is a naturally occurring organic compound that is produced by microorganisms and some plants. It has a mild pleasant odor similar to vinegar. It occurs in several species, but the highest levels are found in certain vegetables such as lettuce, cucumber, and other green vegetables.
Application Insights:
Food and beverage processing was the largest application segment in 2016, accounting for over 60% of the overall demand. L-lactic acid is used as a food ingredient to improve the texture, taste and shelf life of foods. It is generally added to processed meat products such as bacon, sausages and ham along with other ingredients that enhance its flavor such as sugar or salt. The compound also finds applications in beverages where it acts as an important component during fermentation processes along with other compounds such as glucose or dextrose.
The cosmetic industry has been one of the fastest growing segments owing to increasing consumer awareness regarding personal care products derived from natural sources. Natural l-lactic acid offers several advantages including low toxicity compared to synthetic counterparts; however, high costs may limit its use in this sector over others on a commercial scale due to economies of scale issues involved when manufacturing small quantities for personal care applications only (less than 10 grams).
Regional Analysis:
North America was the second-largest regional market for natural L-lactic acid after Europe. North America is expected to witness steady growth over the forecast period owing to increasing awareness about health and hygiene among children in U.S., Canada, and Mexico. In addition, growing demand for sports nutrition products is also anticipated to drive industry expansion over the next eight years.
Asia Pacific emerged as a prominent consumer of L-lactic acid with China being its largest producer followed by Japan.
Growth Factors:
- Increasing demand for natural and organic cosmetics products
- Rising awareness about the benefits of lactic acid for skin health
- Growing popularity of probiotic supplements and foods
- Proliferation of online retail channels that offer natural lactic acid products
- Increasing investment in research and development to develop new applications for lactic acid
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural L-Lactic Acid Market Research Report
By Type
Powdered L-Lactic Acid, Liquid L-Lactic Acid,
By Application
Food and Beverage Processing, Cosmetic, Pharmaceutical Industry, Other,
By Companies
Corbion, Jungbunzlauer Suisse AG, Galactic, Prathista Industries Limited, Penta Manufacturing Company, Lee Biosolutions, Wuhan Sanjiang Space Good Biotech, Tripura Biotech 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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Natural L-Lactic Acid Market Report Segments:
The global Natural L-Lactic Acid market is segmented on the basis of:
Types
Powdered L-Lactic Acid, Liquid L-Lactic Acid,
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
Food and Beverage Processing, Cosmetic, Pharmaceutical Industry, Other,
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
- Jungbunzlauer Suisse AG
- Galactic
- Prathista Industries Limited
- Penta Manufacturing Company
- Lee Biosolutions
- Wuhan Sanjiang Space Good Biotech
- Tripura Biotech Limited
Highlights of The Natural L-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:
- Powdered L-Lactic Acid
- Liquid L-Lactic Acid
- By Application:
- Food and Beverage Processing
- Cosmetic
- Pharmaceutical Industry
- Other
- 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 Natural L-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?
Natural L-Lactic Acid is a byproduct of the fermentation process used to make yogurt, cheese, and other dairy products.
Some of the major players in the natural l-lactic acid market are Corbion, Jungbunzlauer Suisse AG, Galactic, Prathista Industries Limited, Penta Manufacturing Company, Lee Biosolutions, Wuhan Sanjiang Space Good Biotech, Tripura Biotech Limited.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Natural L-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. Natural L-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. Natural L-Lactic Acid Market - Supply Chain
4.5. Global Natural L-Lactic Acid Market Forecast
4.5.1. Natural L-Lactic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Natural L-Lactic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Natural L-Lactic Acid Market Absolute $ Opportunity
5. Global Natural L-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. Natural L-Lactic Acid Market Size and Volume Forecast by Type
5.3.1. Powdered L-Lactic Acid
5.3.2. Liquid L-Lactic Acid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Natural L-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. Natural L-Lactic Acid Market Size and Volume Forecast by Application
6.3.1. Food and Beverage Processing
6.3.2. Cosmetic
6.3.3. Pharmaceutical Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Natural L-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. Natural L-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 Natural L-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. Natural L-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 Natural L-Lactic Acid Demand Share Forecast, 2019-2026
9. North America Natural L-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 Natural L-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 Natural L-Lactic Acid Market Size and Volume Forecast by Application
9.4.1. Food and Beverage Processing
9.4.2. Cosmetic
9.4.3. Pharmaceutical Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Natural L-Lactic Acid Market Size and Volume Forecast by Type
9.7.1. Powdered L-Lactic Acid
9.7.2. Liquid L-Lactic Acid
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 Natural L-Lactic Acid Demand Share Forecast, 2019-2026
10. Latin America Natural L-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 Natural L-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 Natural L-Lactic Acid Market Size and Volume Forecast by Application
10.4.1. Food and Beverage Processing
10.4.2. Cosmetic
10.4.3. Pharmaceutical Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Natural L-Lactic Acid Market Size and Volume Forecast by Type
10.7.1. Powdered L-Lactic Acid
10.7.2. Liquid L-Lactic Acid
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 Natural L-Lactic Acid Demand Share Forecast, 2019-2026
11. Europe Natural L-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 Natural L-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 Natural L-Lactic Acid Market Size and Volume Forecast by Application
11.4.1. Food and Beverage Processing
11.4.2. Cosmetic
11.4.3. Pharmaceutical Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Natural L-Lactic Acid Market Size and Volume Forecast by Type
11.7.1. Powdered L-Lactic Acid
11.7.2. Liquid L-Lactic Acid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growh 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 Natural L-Lactic Acid Demand Share, 2019-2026
12. Asia Pacific Natural L-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 Natural L-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 Natural L-Lactic Acid Market Size and Volume Forecast by Application
12.4.1. Food and Beverage Processing
12.4.2. Cosmetic
12.4.3. Pharmaceutical Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Natural L-Lactic Acid Market Size and Volume Forecast by Type
12.7.1. Powdered L-Lactic Acid
12.7.2. Liquid L-Lactic Acid
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 Natural L-Lactic Acid Demand Share, 2019-2026
13. Middle East & Africa Natural L-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 Natural L-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 Natural L-Lactic Acid Market Size and Volume Forecast by Application
13.4.1. Food and Beverage Processing
13.4.2. Cosmetic
13.4.3. Pharmaceutical Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Natural L-Lactic Acid Market Size and Volume Forecast by Type
13.7.1. Powdered L-Lactic Acid
13.7.2. Liquid L-Lactic Acid
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 Natural L-Lactic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Natural L-Lactic Acid Market: Market Share Analysis
14.2. Natural L-Lactic Acid Distributors and Customers
14.3. Natural L-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. Jungbunzlauer Suisse AG
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. Prathista Industries Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Penta Manufacturing Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lee Biosolutions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wuhan Sanjiang Space Good Biotech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tripura Biotech Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
