Global L Lactic Acid Market Research Report 2023(Status and Outlook)
Report Overview
Lactic acid 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 L Lactic Acid Market Size was estimated at USD 666.20 million in 2022 and is projected to reach USD 765.25 million by 2029, exhibiting a CAGR of 2.00% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global L Lactic Acid market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global L Lactic Acid Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the L Lactic Acid market in any manner.
Global L Lactic Acid Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited
Market Segmentation (by Type)
Food Grade
Industrial Grade
Pharmaceutical Grade
Market Segmentation (by Application)
Consumer Electronics
Healthcare
Defense
Industrial Robotics
Entertainment
Automotive
Surveillance & Security
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the L Lactic Acid Market
Overview of the regional outlook of the L Lactic Acid Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of L Lactic Acid
- 1.2 Key Market Segments
- 1.2.1 L Lactic Acid Segment by Type
- 1.2.2 L Lactic Acid Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 L Lactic Acid Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global L Lactic Acid Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global L Lactic Acid Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 L Lactic Acid Market Competitive Landscape
- 3.1 Global L Lactic Acid Sales by Manufacturers (2018-2023)
- 3.2 Global L Lactic Acid Revenue Market Share by Manufacturers (2018-2023)
- 3.3 L Lactic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global L Lactic Acid Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers L Lactic Acid Sales Sites, Area Served, Product Type
- 3.6 L Lactic Acid Market Competitive Situation and Trends
- 3.6.1 L Lactic Acid Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest L Lactic Acid Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 L Lactic Acid Industry Chain Analysis
- 4.1 L Lactic Acid Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of L Lactic Acid Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 L Lactic Acid Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global L Lactic Acid Sales Market Share by Type (2018-2023)
- 6.3 Global L Lactic Acid Market Size Market Share by Type (2018-2023)
- 6.4 Global L Lactic Acid Price by Type (2018-2023)
- 7 L Lactic Acid Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global L Lactic Acid Market Sales by Application (2018-2023)
- 7.3 Global L Lactic Acid Market Size (M USD) by Application (2018-2023)
- 7.4 Global L Lactic Acid Sales Growth Rate by Application (2018-2023)
- 8 L Lactic Acid Market Segmentation by Region
- 8.1 Global L Lactic Acid Sales by Region
- 8.1.1 Global L Lactic Acid Sales by Region
- 8.1.2 Global L Lactic Acid Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America L Lactic Acid Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe L Lactic Acid Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific L Lactic Acid Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America L Lactic Acid Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa L Lactic Acid Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 Corbion
- 9.1.1 Corbion L Lactic Acid Basic Information
- 9.1.2 Corbion L Lactic Acid Product Overview
- 9.1.3 Corbion L Lactic Acid Product Market Performance
- 9.1.4 Corbion Business Overview
- 9.1.5 Corbion L Lactic Acid SWOT Analysis
- 9.1.6 Corbion Recent Developments
- 9.2 Naturework
- 9.2.1 Naturework L Lactic Acid Basic Information
- 9.2.2 Naturework L Lactic Acid Product Overview
- 9.2.3 Naturework L Lactic Acid Product Market Performance
- 9.2.4 Naturework Business Overview
- 9.2.5 Naturework L Lactic Acid SWOT Analysis
- 9.2.6 Naturework Recent Developments
- 9.3 Galactic
- 9.3.1 Galactic L Lactic Acid Basic Information
- 9.3.2 Galactic L Lactic Acid Product Overview
- 9.3.3 Galactic L Lactic Acid Product Market Performance
- 9.3.4 Galactic Business Overview
- 9.3.5 Galactic L Lactic Acid SWOT Analysis
- 9.3.6 Galactic Recent Developments
- 9.4 Henan Jindan Lactic Acid Technology
- 9.4.1 Henan Jindan Lactic Acid Technology L Lactic Acid Basic Information
- 9.4.2 Henan Jindan Lactic Acid Technology L Lactic Acid Product Overview
- 9.4.3 Henan Jindan Lactic Acid Technology L Lactic Acid Product Market Performance
- 9.4.4 Henan Jindan Lactic Acid Technology Business Overview
- 9.4.5 Henan Jindan Lactic Acid Technology L Lactic Acid SWOT Analysis
- 9.4.6 Henan Jindan Lactic Acid Technology Recent Developments
- 9.5 COFCO Biochemical (AnHui)
- 9.5.1 COFCO Biochemical (AnHui) L Lactic Acid Basic Information
- 9.5.2 COFCO Biochemical (AnHui) L Lactic Acid Product Overview
- 9.5.3 COFCO Biochemical (AnHui) L Lactic Acid Product Market Performance
- 9.5.4 COFCO Biochemical (AnHui) Business Overview
- 9.5.5 COFCO Biochemical (AnHui) L Lactic Acid SWOT Analysis
- 9.5.6 COFCO Biochemical (AnHui) Recent Developments
- 9.6 Musashino Chemical
- 9.6.1 Musashino Chemical L Lactic Acid Basic Information
- 9.6.2 Musashino Chemical L Lactic Acid Product Overview
- 9.6.3 Musashino Chemical L Lactic Acid Product Market Performance
- 9.6.4 Musashino Chemical Business Overview
- 9.6.5 Musashino Chemical Recent Developments
- 9.7 ADM
- 9.7.1 ADM L Lactic Acid Basic Information
- 9.7.2 ADM L Lactic Acid Product Overview
- 9.7.3 ADM L Lactic Acid Product Market Performance
- 9.7.4 ADM Business Overview
- 9.7.5 ADM Recent Developments
- 9.8 Yancheng Haijianuo
- 9.8.1 Yancheng Haijianuo L Lactic Acid Basic Information
- 9.8.2 Yancheng Haijianuo L Lactic Acid Product Overview
- 9.8.3 Yancheng Haijianuo L Lactic Acid Product Market Performance
- 9.8.4 Yancheng Haijianuo Business Overview
- 9.8.5 Yancheng Haijianuo Recent Developments
- 9.9 Wuhan Sanjiang Space Good Biotech
- 9.9.1 Wuhan Sanjiang Space Good Biotech L Lactic Acid Basic Information
- 9.9.2 Wuhan Sanjiang Space Good Biotech L Lactic Acid Product Overview
- 9.9.3 Wuhan Sanjiang Space Good Biotech L Lactic Acid Product Market Performance
- 9.9.4 Wuhan Sanjiang Space Good Biotech Business Overview
- 9.9.5 Wuhan Sanjiang Space Good Biotech Recent Developments
- 9.10 Shanxi Biochemical
- 9.10.1 Shanxi Biochemical L Lactic Acid Basic Information
- 9.10.2 Shanxi Biochemical L Lactic Acid Product Overview
- 9.10.3 Shanxi Biochemical L Lactic Acid Product Market Performance
- 9.10.4 Shanxi Biochemical Business Overview
- 9.10.5 Shanxi Biochemical Recent Developments
- 9.11 Jungbunzlauer
- 9.11.1 Jungbunzlauer L Lactic Acid Basic Information
- 9.11.2 Jungbunzlauer L Lactic Acid Product Overview
- 9.11.3 Jungbunzlauer L Lactic Acid Product Market Performance
- 9.11.4 Jungbunzlauer Business Overview
- 9.11.5 Jungbunzlauer Recent Developments
- 9.12 Zhengzhou Tianrun
- 9.12.1 Zhengzhou Tianrun L Lactic Acid Basic Information
- 9.12.2 Zhengzhou Tianrun L Lactic Acid Product Overview
- 9.12.3 Zhengzhou Tianrun L Lactic Acid Product Market Performance
- 9.12.4 Zhengzhou Tianrun Business Overview
- 9.12.5 Zhengzhou Tianrun Recent Developments
- 9.13 Shangdong Fullsail
- 9.13.1 Shangdong Fullsail L Lactic Acid Basic Information
- 9.13.2 Shangdong Fullsail L Lactic Acid Product Overview
- 9.13.3 Shangdong Fullsail L Lactic Acid Product Market Performance
- 9.13.4 Shangdong Fullsail Business Overview
- 9.13.5 Shangdong Fullsail Recent Developments
- 9.14 Tripura Bio Tech Limited
- 9.14.1 Tripura Bio Tech Limited L Lactic Acid Basic Information
- 9.14.2 Tripura Bio Tech Limited L Lactic Acid Product Overview
- 9.14.3 Tripura Bio Tech Limited L Lactic Acid Product Market Performance
- 9.14.4 Tripura Bio Tech Limited Business Overview
- 9.14.5 Tripura Bio Tech Limited Recent Developments
- 10 L Lactic Acid Market Forecast by Region
- 10.1 Global L Lactic Acid Market Size Forecast
- 10.2 Global L Lactic Acid Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe L Lactic Acid Market Size Forecast by Country
- 10.2.3 Asia Pacific L Lactic Acid Market Size Forecast by Region
- 10.2.4 South America L Lactic Acid Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of L Lactic Acid by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global L Lactic Acid Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of L Lactic Acid by Type (2024-2029)
- 11.1.2 Global L Lactic Acid Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of L Lactic Acid by Type (2024-2029)
- 11.2 Global L Lactic Acid Market Forecast by Application (2024-2029)
- 11.2.1 Global L Lactic Acid Sales (K MT) Forecast by Application
- 11.2.2 Global L Lactic Acid Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
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