Lactic Acid Market, By Raw Material (Corn, Sugarcane, Cassava, Other Crops), By End Use (Food & Beverages, Industrial, Pharmaceutical, Personal Care, Polylactic Acid, Others) , and By Geography (North America, Europe, Asia Pacific, Rest of World)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Lactic acid is the mildest of all AHAs and works very well on the skin. It is also a natural antibacterial, which makes it great for acne and blemish-prone skin. It also encourages cell turnover and helps fade hyperpigmentation spots like sunspots, making it a true hero ingredient. As an Alpha-Hydroxy Acid, this multitasking ingredient brightens, exfoliates, and helps the skin absorb more vitamin C, helping to firm and tighten the appearance of pores. It also helps to fade sun spots and age spots, reduces acne lesions, and smoothes fine lines and wrinkles.
Market Dynamics:
The global lactic acid market is expected to witness significant growth over the forecast period due to increased use in food & beverage, and cosmetic industries. Moreover, growing personal care and pharmaceutical industries is also expected to fuel market growth. Furthermore, increasing usage in manufacturing different types of bio plastics for the packaging industry is further expected to drive growth of the market over the forecast period.
However, high production costs is a key factor limiting the market growth.
Key features of the study:
This report provides in-depth analysis of the global lactic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global lactic acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Futerro, BASF SE, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd., Musashino Chemical (China) Co., Ltd., Corbion, thyssenkrupp AG, Dow, Cellulac, and Jungbunzlauer Suisse AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global lactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lactic acid market
Detailed Segmentation:
Global Lactic Acid Market, By Raw Material
Corn
Sugarcane
Cassava
Other Crops
Global Lactic Acid Market, By End Use
Food & Beverages
Industrial
Pharmaceutical
Personal Care
Polylactic Acid
Others
Global Lactic Acid Market, By Region
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Company Profiles
Futerro
BASF SE
Galactic
Henan Jindan Lactic Acid Technology Co. Ltd.
Musashino Chemical (China) Co., Ltd.
Corbion
thyssenkrupp AG
Dow
Cellulac
Jungbunzlauer Suisse AG
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Raw Material
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Rise in personal care sector
- Volatile price of raw materials
- Expanding food and beverage application
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Lactic Acid Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Lactic Acid Market , By Raw Material, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Corn
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
- Sugarcane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
- Cassava
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
- Other Crops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
- 6. Global Lactic Acid Market , By End Use, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Polylactic Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
- 7. Global Lactic Acid Market , By Region, 2018-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 –2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
- Central & South America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
- 8. Competitive Landscape
- Futerro
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BASF SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Galactic
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Henan Jindan Lactic Acid Technology Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Musashino Chemical (China) Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Corbion
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- thyssenkrupp AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Dow
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Cellulac
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Jungbunzlauer Suisse AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 9. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "Global Lactic Acid Market” - Global forecast to 2030
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook