Global L(+)-Lactic Acid Market Growth 2025-2031

The global L(+)-Lactic Acid market size is predicted to grow from US$ 1307 million in 2025 to US$ 2679 million in 2031; it is expected to grow at a CAGR of 12.7% from 2025 to 2031.

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).

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.

LP Information, Inc. (LPI) ' newest research report, the “L(+)-Lactic Acid Industry Forecast” looks at past sales and reviews total world L(+)-Lactic Acid sales in 2024, providing a comprehensive analysis by region and market sector of projected L(+)-Lactic Acid sales for 2025 through 2031. With L(+)-Lactic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world L(+)-Lactic Acid industry.

This Insight Report provides a comprehensive analysis of the global L(+)-Lactic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on L(+)-Lactic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global L(+)-Lactic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for L(+)-Lactic Acid and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global L(+)-Lactic Acid.

This report presents a comprehensive overview, market shares, and growth opportunities of L(+)-Lactic Acid market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
High Purity Grade Lactic Acid
Food Grade Lactic Acid
Others

Segmentation by Application:
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global L(+)-Lactic Acid market?

What factors are driving L(+)-Lactic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do L(+)-Lactic Acid market opportunities vary by end market size?

How does L(+)-Lactic Acid break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.