Global L(+)-Lactic Acid Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global L(+)-Lactic Acid Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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. L (+) lactic acid is commercially produced in fermentation processes using lactic acid bacteria or fungi such as Rhizopus oryzae in submerged culture. In 1856, L. Pasteur discovered that Lactobacillus bacteria produce L-lactic acid, and this became the basis for the first commercial manufacturing plant to produce the acid (1895).

According to our (Global Info Research) latest study, the global L(+)-Lactic Acid market size was valued at US$ 1127 million in 2023 and is forecast to a readjusted size of USD 2708 million by 2030 with a CAGR of 12.0% during review period.

Global key players of L(+)-Lactic Acid include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, BBCA Group, Jungbunzlauer, etc. The top five players hold a share about 69%. Asia Pacific is the largest market, and has a share about 49%, followed by Europe and North America with share 25% and 21%, separately. In terms of product type, Food Grade Lactic Acid is the largest segment, occupied for a share of 56%. In terms of application, Food & Beverage is the largest field with a share about 50 percent.

This report is a detailed and comprehensive analysis for global L(+)-Lactic Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global L(+)-Lactic Acid market size and forecasts, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2019-2030

Global L(+)-Lactic Acid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2019-2030

Global L(+)-Lactic Acid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Tons), and average selling prices (US$/Ton), 2019-2030

Global L(+)-Lactic Acid market shares of main players, shipments in revenue ($ Million), sales quantity (K Tons), and ASP (US$/Ton), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for L(+)-Lactic Acid

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global L(+)-Lactic Acid market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, BBCA Group, Jungbunzlauer, Galactic, Henan Xinghan Biotechnology, Beijing Capital Agribusiness & Foods Group, Shandong Parkson Biotechnology, Ningxia Qiyu Biochemical, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

L(+)-Lactic Acid market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
High Purity Grade Lactic Acid
Food Grade Lactic Acid
Others

Market segment by Application
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others

Major players covered
Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
BBCA Group
Jungbunzlauer
Galactic
Henan Xinghan Biotechnology
Beijing Capital Agribusiness & Foods Group
Shandong Parkson Biotechnology
Ningxia Qiyu Biochemical
Musashino Chemical
Wuhan Sanjiang Space Good Biotech
Shangdong Fullsail
Pliith Biotechnology
Shanxi Leda Biochemical

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 L(+)-Lactic Acid product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of L(+)-Lactic Acid, with price, sales quantity, revenue, and global market share of L(+)-Lactic Acid from 2019 to 2024.

Chapter 3, the L(+)-Lactic Acid competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the L(+)-Lactic Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

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 2019 to 2024.and L(+)-Lactic Acid market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of L(+)-Lactic Acid.

Chapter 14 and 15, to describe L(+)-Lactic Acid sales channel, distributors, customers, research findings and conclusion.