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Consumer Goods Global Lactic Acids Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029

  • RnM4543599
    • |
  • 25 July, 2023
    • |
  • Global
    • |
  • 107 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Consumer Goods

According to our (Global Info Research) latest study, the global Lactic Acids market size was valued at USD 1405.5 million in 2022 and is forecast to a readjusted size of USD 3325.5 million by 2029 with a CAGR of 13.1% during review period.
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.
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.
The Global Info Research report includes an overview of the development of the Lactic Acids industry chain, the market status of Food & Beverage (DL-Lactic Acid, D-Lactic Acid), Polylactic Acid (DL-Lactic Acid, D-Lactic Acid), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Lactic Acids.
Regionally, the report analyzes the Lactic Acids markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Lactic Acids market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Lactic Acids market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Lactic Acids industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., DL-Lactic Acid, D-Lactic Acid).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Lactic Acids market.
Regional Analysis: The report involves examining the Lactic Acids market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Lactic Acids market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Lactic Acids:
Company Analysis: Report covers individual Lactic Acids manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Lactic Acids This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Food & Beverage, Polylactic Acid).
Technology Analysis: Report covers specific technologies relevant to Lactic Acids. It assesses the current state, advancements, and potential future developments in Lactic Acids areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Lactic Acids market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Lactic Acids market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
DL-Lactic Acid
D-Lactic Acid
L-Lactic Acid
Market segment by Application
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others
Major players covered
Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
Galactic
BBCA Group
Jungbunzlauer
Shandong Parkson Biotechnology
Musashino Chemical
Henan Xinghan Biotechnology
Wuhan Sanjiang Space Good Biotech
Shandong Shouguang Juneng Golden
Shanxi Leda Biochemical
Shangdong Fullsail
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Lactic Acids product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Lactic Acids, with price, sales, revenue and global market share of Lactic Acids from 2018 to 2023.
Chapter 3, the Lactic Acids competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Lactic Acids breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Lactic Acids market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Lactic Acids.
Chapter 14 and 15, to describe Lactic Acids sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Lactic Acids
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Lactic Acids Consumption Value by Type: 2018 Versus 2022 Versus 2029
    • 1.3.2 DL-Lactic Acid
    • 1.3.3 D-Lactic Acid
    • 1.3.4 L-Lactic Acid
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Lactic Acids Consumption Value by Application: 2018 Versus 2022 Versus 2029
    • 1.4.2 Food & Beverage
    • 1.4.3 Polylactic Acid
    • 1.4.4 Industrial
    • 1.4.5 Pharmaceutical
    • 1.4.6 Personal Care
    • 1.4.7 Others
  • 1.5 Global Lactic Acids Market Size & Forecast
    • 1.5.1 Global Lactic Acids Consumption Value (2018 & 2022 & 2029)
    • 1.5.2 Global Lactic Acids Sales Quantity (2018-2029)
    • 1.5.3 Global Lactic Acids Average Price (2018-2029)

2 Manufacturers Profiles

  • 2.1 Corbion
    • 2.1.1 Corbion Details
    • 2.1.2 Corbion Major Business
    • 2.1.3 Corbion Lactic Acids Product and Services
    • 2.1.4 Corbion Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.1.5 Corbion Recent Developments/Updates
  • 2.2 NatureWorks
    • 2.2.1 NatureWorks Details
    • 2.2.2 NatureWorks Major Business
    • 2.2.3 NatureWorks Lactic Acids Product and Services
    • 2.2.4 NatureWorks Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.2.5 NatureWorks Recent Developments/Updates
  • 2.3 Henan Jindan Lactic Acid Technology
    • 2.3.1 Henan Jindan Lactic Acid Technology Details
    • 2.3.2 Henan Jindan Lactic Acid Technology Major Business
    • 2.3.3 Henan Jindan Lactic Acid Technology Lactic Acids Product and Services
    • 2.3.4 Henan Jindan Lactic Acid Technology Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.3.5 Henan Jindan Lactic Acid Technology Recent Developments/Updates
  • 2.4 Galactic
    • 2.4.1 Galactic Details
    • 2.4.2 Galactic Major Business
    • 2.4.3 Galactic Lactic Acids Product and Services
    • 2.4.4 Galactic Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.4.5 Galactic Recent Developments/Updates
  • 2.5 BBCA Group
    • 2.5.1 BBCA Group Details
    • 2.5.2 BBCA Group Major Business
    • 2.5.3 BBCA Group Lactic Acids Product and Services
    • 2.5.4 BBCA Group Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.5.5 BBCA Group Recent Developments/Updates
  • 2.6 Jungbunzlauer
    • 2.6.1 Jungbunzlauer Details
    • 2.6.2 Jungbunzlauer Major Business
    • 2.6.3 Jungbunzlauer Lactic Acids Product and Services
    • 2.6.4 Jungbunzlauer Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.6.5 Jungbunzlauer Recent Developments/Updates
  • 2.7 Shandong Parkson Biotechnology
    • 2.7.1 Shandong Parkson Biotechnology Details
    • 2.7.2 Shandong Parkson Biotechnology Major Business
    • 2.7.3 Shandong Parkson Biotechnology Lactic Acids Product and Services
    • 2.7.4 Shandong Parkson Biotechnology Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.7.5 Shandong Parkson Biotechnology Recent Developments/Updates
  • 2.8 Musashino Chemical
    • 2.8.1 Musashino Chemical Details
    • 2.8.2 Musashino Chemical Major Business
    • 2.8.3 Musashino Chemical Lactic Acids Product and Services
    • 2.8.4 Musashino Chemical Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.8.5 Musashino Chemical Recent Developments/Updates
  • 2.9 Henan Xinghan Biotechnology
    • 2.9.1 Henan Xinghan Biotechnology Details
    • 2.9.2 Henan Xinghan Biotechnology Major Business
    • 2.9.3 Henan Xinghan Biotechnology Lactic Acids Product and Services
    • 2.9.4 Henan Xinghan Biotechnology Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.9.5 Henan Xinghan Biotechnology Recent Developments/Updates
  • 2.10 Wuhan Sanjiang Space Good Biotech
    • 2.10.1 Wuhan Sanjiang Space Good Biotech Details
    • 2.10.2 Wuhan Sanjiang Space Good Biotech Major Business
    • 2.10.3 Wuhan Sanjiang Space Good Biotech Lactic Acids Product and Services
    • 2.10.4 Wuhan Sanjiang Space Good Biotech Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.10.5 Wuhan Sanjiang Space Good Biotech Recent Developments/Updates
  • 2.11 Shandong Shouguang Juneng Golden
    • 2.11.1 Shandong Shouguang Juneng Golden Details
    • 2.11.2 Shandong Shouguang Juneng Golden Major Business
    • 2.11.3 Shandong Shouguang Juneng Golden Lactic Acids Product and Services
    • 2.11.4 Shandong Shouguang Juneng Golden Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.11.5 Shandong Shouguang Juneng Golden Recent Developments/Updates
  • 2.12 Shanxi Leda Biochemical
    • 2.12.1 Shanxi Leda Biochemical Details
    • 2.12.2 Shanxi Leda Biochemical Major Business
    • 2.12.3 Shanxi Leda Biochemical Lactic Acids Product and Services
    • 2.12.4 Shanxi Leda Biochemical Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.12.5 Shanxi Leda Biochemical Recent Developments/Updates
  • 2.13 Shangdong Fullsail
    • 2.13.1 Shangdong Fullsail Details
    • 2.13.2 Shangdong Fullsail Major Business
    • 2.13.3 Shangdong Fullsail Lactic Acids Product and Services
    • 2.13.4 Shangdong Fullsail Lactic Acids Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
    • 2.13.5 Shangdong Fullsail Recent Developments/Updates

3 Competitive Environment: Lactic Acids by Manufacturer

  • 3.1 Global Lactic Acids Sales Quantity by Manufacturer (2018-2023)
  • 3.2 Global Lactic Acids Revenue by Manufacturer (2018-2023)
  • 3.3 Global Lactic Acids Average Price by Manufacturer (2018-2023)
  • 3.4 Market Share Analysis (2022)
    • 3.4.1 Producer Shipments of Lactic Acids by Manufacturer Revenue ($MM) and Market Share (%): 2022
    • 3.4.2 Top 3 Lactic Acids Manufacturer Market Share in 2022
    • 3.4.2 Top 6 Lactic Acids Manufacturer Market Share in 2022
  • 3.5 Lactic Acids Market: Overall Company Footprint Analysis
    • 3.5.1 Lactic Acids Market: Region Footprint
    • 3.5.2 Lactic Acids Market: Company Product Type Footprint
    • 3.5.3 Lactic Acids Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Lactic Acids Market Size by Region
    • 4.1.1 Global Lactic Acids Sales Quantity by Region (2018-2029)
    • 4.1.2 Global Lactic Acids Consumption Value by Region (2018-2029)
    • 4.1.3 Global Lactic Acids Average Price by Region (2018-2029)
  • 4.2 North America Lactic Acids Consumption Value (2018-2029)
  • 4.3 Europe Lactic Acids Consumption Value (2018-2029)
  • 4.4 Asia-Pacific Lactic Acids Consumption Value (2018-2029)
  • 4.5 South America Lactic Acids Consumption Value (2018-2029)
  • 4.6 Middle East and Africa Lactic Acids Consumption Value (2018-2029)

5 Market Segment by Type

  • 5.1 Global Lactic Acids Sales Quantity by Type (2018-2029)
  • 5.2 Global Lactic Acids Consumption Value by Type (2018-2029)
  • 5.3 Global Lactic Acids Average Price by Type (2018-2029)

6 Market Segment by Application

  • 6.1 Global Lactic Acids Sales Quantity by Application (2018-2029)
  • 6.2 Global Lactic Acids Consumption Value by Application (2018-2029)
  • 6.3 Global Lactic Acids Average Price by Application (2018-2029)

7 North America

  • 7.1 North America Lactic Acids Sales Quantity by Type (2018-2029)
  • 7.2 North America Lactic Acids Sales Quantity by Application (2018-2029)
  • 7.3 North America Lactic Acids Market Size by Country
    • 7.3.1 North America Lactic Acids Sales Quantity by Country (2018-2029)
    • 7.3.2 North America Lactic Acids Consumption Value by Country (2018-2029)
    • 7.3.3 United States Market Size and Forecast (2018-2029)
    • 7.3.4 Canada Market Size and Forecast (2018-2029)
    • 7.3.5 Mexico Market Size and Forecast (2018-2029)

8 Europe

  • 8.1 Europe Lactic Acids Sales Quantity by Type (2018-2029)
  • 8.2 Europe Lactic Acids Sales Quantity by Application (2018-2029)
  • 8.3 Europe Lactic Acids Market Size by Country
    • 8.3.1 Europe Lactic Acids Sales Quantity by Country (2018-2029)
    • 8.3.2 Europe Lactic Acids Consumption Value by Country (2018-2029)
    • 8.3.3 Germany Market Size and Forecast (2018-2029)
    • 8.3.4 France Market Size and Forecast (2018-2029)
    • 8.3.5 United Kingdom Market Size and Forecast (2018-2029)
    • 8.3.6 Russia Market Size and Forecast (2018-2029)
    • 8.3.7 Italy Market Size and Forecast (2018-2029)

9 Asia-Pacific

  • 9.1 Asia-Pacific Lactic Acids Sales Quantity by Type (2018-2029)
  • 9.2 Asia-Pacific Lactic Acids Sales Quantity by Application (2018-2029)
  • 9.3 Asia-Pacific Lactic Acids Market Size by Region
    • 9.3.1 Asia-Pacific Lactic Acids Sales Quantity by Region (2018-2029)
    • 9.3.2 Asia-Pacific Lactic Acids Consumption Value by Region (2018-2029)
    • 9.3.3 China Market Size and Forecast (2018-2029)
    • 9.3.4 Japan Market Size and Forecast (2018-2029)
    • 9.3.5 Korea Market Size and Forecast (2018-2029)
    • 9.3.6 India Market Size and Forecast (2018-2029)
    • 9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
    • 9.3.8 Australia Market Size and Forecast (2018-2029)

10 South America

  • 10.1 South America Lactic Acids Sales Quantity by Type (2018-2029)
  • 10.2 South America Lactic Acids Sales Quantity by Application (2018-2029)
  • 10.3 South America Lactic Acids Market Size by Country
    • 10.3.1 South America Lactic Acids Sales Quantity by Country (2018-2029)
    • 10.3.2 South America Lactic Acids Consumption Value by Country (2018-2029)
    • 10.3.3 Brazil Market Size and Forecast (2018-2029)
    • 10.3.4 Argentina Market Size and Forecast (2018-2029)

11 Middle East & Africa

  • 11.1 Middle East & Africa Lactic Acids Sales Quantity by Type (2018-2029)
  • 11.2 Middle East & Africa Lactic Acids Sales Quantity by Application (2018-2029)
  • 11.3 Middle East & Africa Lactic Acids Market Size by Country
    • 11.3.1 Middle East & Africa Lactic Acids Sales Quantity by Country (2018-2029)
    • 11.3.2 Middle East & Africa Lactic Acids Consumption Value by Country (2018-2029)
    • 11.3.3 Turkey Market Size and Forecast (2018-2029)
    • 11.3.4 Egypt Market Size and Forecast (2018-2029)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
    • 11.3.6 South Africa Market Size and Forecast (2018-2029)

12 Market Dynamics

  • 12.1 Lactic Acids Market Drivers
  • 12.2 Lactic Acids Market Restraints
  • 12.3 Lactic Acids Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry
  • 12.5 Influence of COVID-19 and Russia-Ukraine War
    • 12.5.1 Influence of COVID-19
    • 12.5.2 Influence of Russia-Ukraine War

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Lactic Acids and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Lactic Acids
  • 13.3 Lactic Acids Production Process
  • 13.4 Lactic Acids Industrial Chain

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Lactic Acids Typical Distributors
  • 14.3 Lactic Acids Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Lactic Acids. Industry analysis & Market Report on Lactic Acids is a syndicated market report, published as Global Lactic Acids Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Lactic Acids market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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