Global Lactic Acids Market Growth 2025-2031

Global Lactic Acids Market Growth 2025-2031

The global Lactic Acids market size is predicted to grow from US$ 1610 million in 2025 to US$ 3570 million in 2031; it is expected to grow at a CAGR of 14.2% from 2025 to 2031.

Lactic acid (CAS 50-21-5) 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.

Global lactic acids (CAS 50-21-5) key players include Corbion, NatureWorks and Henan Jindan Lactic Acid Technology. Global top 3 manufacturers hold a share over 65%.

China is the largest market, with a share about 40%, followed by North America and Southeast Asia, with the share about 25% and 17%. In terms of product, L-lactic acid is the largest segment, with a share over 85%. And in terms of application, the largest application is polylactic acid, followed by food & beverage.

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

This Insight Report provides a comprehensive analysis of the global Lactic Acids 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 Lactic Acids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lactic Acids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lactic Acids 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 Lactic Acids.

This report presents a comprehensive overview, market shares, and growth opportunities of Lactic Acids market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
DL-Lactic Acid
D-Lactic Acid
L-Lactic Acid

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
Galactic
BBCA Group
Jungbunzlauer
Shandong Parkson Biotechnology
Musashino Chemical
Henan Xinghan Biotechnology
Wuhan Sanjiang Space Good Biotech
Shandong Shouguang Juneng Golden
Shanxi Leda Biochemical
Shangdong Fullsail

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lactic Acids market?

What factors are driving Lactic Acids market growth, globally and by region?

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

How do Lactic Acids market opportunities vary by end market size?

How does Lactic Acids break out by Type, by Application?

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