Global Lactic Acid Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	156 Pages	TechNavio	February, 2024	INF18598463

Best Price Guarantee
Price	from $2,500
Length	156 Pages
Publisher	TechNavio
Published Date	February, 2024
SKU	INF18598463

Global Lactic Acid Market 2024-2028

The lactic acid market is forecasted to grow by USD 1.79 bn during 2023-2028, accelerating at a CAGR of 8.3% during the forecast period. The report on the lactic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in popularity of probiotics composed of lactic acid, growing demand for lactic acid in food and beverage industry, and continuous expansion of bioplastics industry where lactic acid is key component.

Technavio's lactic acid market is segmented as below:

By Type

Dry
Liquid

By Source

Sugar cane
Corn
Cassava
Others

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the expanding range of applications of lactic acid in pharmaceutical and personal care industry as one of the prime reasons driving the lactic acid market growth during the next few years. Also, rising awareness of lactose free products and increasing focus on sustainability for lactic acid products will lead to sizable demand in the market.

The report on the lactic acid market covers the following areas:

Lactic acid market sizing
Lactic acid market forecast
Lactic acid market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lactic acid market vendors that include BASF SE, Cargill Inc., Corbion nv, Danimer Scientific Inc., Dow Chemical Co., DuPont de Nemours Inc., Foodchem International Corp., Galactic, Henan Jindan lactic acid Technology Co. Ltd., JIAAN BIOTECH, Jungbunzlauer Suisse AG, Musashino Chemical Laboratory Ltd., Sulzer Management Ltd., Syconium Lactic Acid GmbH, Teijin Ltd., thyssenkrupp AG, Toray Industries Inc., Vaishnavi Bio Tech International Ltd., Vishnupriya Chemicals Pvt. Ltd., and Zhejiang NetSun Co. Ltd.. Also, the lactic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary - Chart on Market Overview
  - Table Executive Summary - Data Table on Market Overview
  - Table Executive Summary - Chart on Global Market Characteristics
  - Table Executive Summary - Chart on Market by Geography
  - Table Executive Summary - Chart on Market Segmentation by Type
  - Table Executive Summary - Chart on Market Segmentation by Source
  - Table Executive Summary - Chart on Incremental Growth
  - Table Executive Summary - Data Table on Incremental Growth
  - Table Executive Summary - Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global lactic acid market 2018 - 2022
  - Table Historic Market Size - Data Table on global lactic acid market 2018 - 2022 ($ million)
- Form Segment Analysis 2018 - 2022
  - Table Historic Market Size - Form Segment 2018 - 2022 ($ million)
- Source Segment Analysis 2018 - 2022
  - Table Historic Market Size - Source Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size - Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants - Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes - Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry - Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2023-2028 (%)
  - Table Data Table on Type - Market share 2023-2028 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Dry - Market size and forecast 2023-2028
  - Table Chart on Dry - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Dry - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Dry - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Dry - Year-over-year growth 2023-2028 (%)
- Liquid - Market size and forecast 2023-2028
  - Table Chart on Liquid - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Liquid - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Liquid - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Liquid - Year-over-year growth 2023-2028 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by Source
- Market segments
  - Table Chart on Source - Market share 2023-2028 (%)
  - Table Data Table on Source - Market share 2023-2028 (%)
- Comparison by Source
  - Table Chart on Comparison by Source
  - Table Data Table on Comparison by Source
- Sugar cane - Market size and forecast 2023-2028
  - Table Chart on Sugar cane - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Sugar cane - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Sugar cane - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Sugar cane - Year-over-year growth 2023-2028 (%)
- Corn - Market size and forecast 2023-2028
  - Table Chart on Corn - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Corn - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Corn - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Corn - Year-over-year growth 2023-2028 (%)
- Cassava - Market size and forecast 2023-2028
  - Table Chart on Cassava - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Cassava - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Cassava - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Cassava - Year-over-year growth 2023-2028 (%)
- Others - Market size and forecast 2023-2028
  - Table Chart on Others - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Others - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Others - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Others - Year-over-year growth 2023-2028 (%)
- Market opportunity by Source
  - Table Market opportunity by Source ($ million)
  - Table Data Table on Market opportunity by Source ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023-2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- China - Market size and forecast 2023-2028
  - Table Chart on China - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on China - Market size and forecast 2023-2028 ($ million)
  - Table Chart on China - Year-over-year growth 2023-2028 (%)
  - Table Data Table on China - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Japan - Market size and forecast 2023-2028
  - Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Japan - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increase in popularity of probiotics composed of lactic acid
  - Growing demand for lactic acid in food and beverage industry
- Market challenges
  - Prevalence of volatility in prices of lactic acid
  - Increasing regulations related to production, labeling, and use of lactic acid
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Expanding range of applications of lactic acid in pharmaceutical and personal care industry
  - Rising awareness of lactose free products
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- BASF SE
  - Table BASF SE - Overview
  - Table BASF SE - Business segments
  - Table BASF SE - Key news
  - Table BASF SE - Key offerings
  - Table BASF SE - Segment focus
- Cargill Inc.
  - Table Cargill Inc. - Overview
  - Table Cargill Inc. - Product / Service
  - Table Cargill Inc. - Key news
  - Table Cargill Inc. - Key offerings
- Corbion nv
  - Table Corbion nv - Overview
  - Table Corbion nv - Business segments
  - Table Corbion nv - Key offerings
  - Table Corbion nv - Segment focus
- DuPont de Nemours Inc.
  - Table DuPont de Nemours Inc. - Overview
  - Table DuPont de Nemours Inc. - Business segments
  - Table DuPont de Nemours Inc. - Key news
  - Table DuPont de Nemours Inc. - Key offerings
  - Table DuPont de Nemours Inc. - Segment focus
- Galactic
  - Table Galactic - Overview
  - Table Galactic - Product / Service
  - Table Galactic - Key offerings
- Henan Jindan lactic acid Technology Co. Ltd.
  - Table Henan Jindan lactic acid Technology Co. Ltd. - Overview
  - Table Henan Jindan lactic acid Technology Co. Ltd. - Product / Service
  - Table Henan Jindan lactic acid Technology Co. Ltd. - Key offerings
- JIAAN BIOTECH
  - Table JIAAN BIOTECH - Overview
  - Table JIAAN BIOTECH - Product / Service
  - Table JIAAN BIOTECH - Key offerings
- Jungbunzlauer Suisse AG
  - Table Jungbunzlauer Suisse AG - Overview
  - Table Jungbunzlauer Suisse AG - Product / Service
  - Table Jungbunzlauer Suisse AG - Key offerings
- Musashino Chemical Laboratory Ltd.
  - Table Musashino Chemical Laboratory Ltd. - Overview
  - Table Musashino Chemical Laboratory Ltd. - Product / Service
  - Table Musashino Chemical Laboratory Ltd. - Key offerings
- Syconium Lactic Acid GmbH
  - Table Syconium Lactic Acid GmbH - Overview
  - Table Syconium Lactic Acid GmbH - Product / Service
  - Table Syconium Lactic Acid GmbH - Key offerings
- Teijin Ltd.
  - Table Teijin Ltd. - Overview
  - Table Teijin Ltd. - Business segments
  - Table Teijin Ltd. - Key offerings
  - Table Teijin Ltd. - Segment focus
- thyssenkrupp AG
  - Table thyssenkrupp AG - Overview
  - Table thyssenkrupp AG - Business segments
  - Table thyssenkrupp AG - Key offerings
  - Table thyssenkrupp AG - Segment focus
- Vaishnavi Bio Tech International Ltd.
  - Table Vaishnavi Bio Tech International Ltd. - Overview
  - Table Vaishnavi Bio Tech International Ltd. - Product / Service
  - Table Vaishnavi Bio Tech International Ltd. - Key offerings
- Vishnupriya Chemicals Pvt. Ltd.
  - Table Vishnupriya Chemicals Pvt. Ltd. - Overview
  - Table Vishnupriya Chemicals Pvt. Ltd. - Product / Service
  - Table Vishnupriya Chemicals Pvt. Ltd. - Key offerings
- Zhejiang NetSun Co. Ltd.
  - Table Zhejiang NetSun Co. Ltd. - Overview
  - Table Zhejiang NetSun Co. Ltd. - Product / Service
  - Table Zhejiang NetSun Co. Ltd. - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations