Lactic Acid Market Size, Share, and Outlook, 2025 Report- By Raw Material (Corn, Sugarcane, Cassava, Yeast Extract, Others), By Form (Dry, Liquid), By Application (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Others), 2018-2032

Lactic Acid Market Outlook

Lactic Acid Market Size is forecast to reach $7.1 Billion in 2032 from $4.1 Billion in 2025, at an optimistic growth rate of 8.2% from 2025 to 2032. The robust Lactic Acid Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Lactic Acid Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Raw Material (Corn, Sugarcane, Cassava, Yeast Extract, Others), By Form (Dry, Liquid), By Application (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Others). Over 70 tables and charts showcase findings from our latest survey report on Lactic Acid Markets.

Lactic Acid Market Insights, 2025: Lactic Acid – Key Drivers and Opportunities

The market for lactic acid is primarily driven by the increasing shift toward biobased chemicals and sustainable manufacturing practices. Lactic acid is a versatile organic acid that is used in a wide range of applications, from food preservation to cosmetics and biodegradable plastics (such as PLA). The growing demand for natural preservatives in food products and the increasing preference for clean-label ingredients are driving the consumption of lactic acid in the food and beverage industry. Additionally, lactic acid is gaining popularity as a natural exfoliant and in the production of anti-aging and hydrating skincare products, positioning it as a key ingredient in the personal care market.

In the bioplastics sector, lactic acid’s role in the production of polylactic acid (PLA), a biodegradable alternative to petroleum-based plastics, is driving the market's expansion. As global consumers and industries push for sustainable packaging and eco-friendly alternatives, lactic acid is playing a pivotal role in the creation of biodegradable packaging solutions and compostable plastics. Furthermore, the rise in renewable energy and green chemistry is pushing innovations in the production of lactic acid from biomass and waste materials, thereby reducing its carbon footprint and enhancing its sustainability profile. With demand for bio-based materials set to grow, lactic acid presents a significant opportunity in industries ranging from food and cosmetics to plastics and chemicals.

Five Trends that will define global Lactic Acid Market in 2025 and Beyond

A closer look at the multi-million global market for Lactic Acid Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Lactic Acid Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Lactic Acid Industry?

The Lactic Acid Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Lactic Acid Market Segment Insights

The Lactic Acid Industry presents strong offers across categories. The analytical report offers forecasts of Lactic Acid Industry performance across segments and countries. Key segments in the industry include- By Raw Material (Corn, Sugarcane, Cassava, Yeast Extract, Others), By Form (Dry, Liquid), By Application (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Lactic Acid Market size outlook is provided for 22 countries across these regions.

Lactic Acid Industry Value Chain

The chapter identifies potential companies and their operations across the global Lactic Acid Industry ecosystem. It assists decision-makers in evaluating global Lactic Acid Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Lactic Acid Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Lactic Acid Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Lactic Acid Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Lactic Acid Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Lactic Acid Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Lactic Acid Market Insights- Executives are most excited about opportunities for the US Lactic Acid Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Lactic Acid Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Lactic Acid Market.

Latin American Lactic Acid Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Lactic Acid Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Lactic Acid Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Lactic Acid Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Lactic Acid Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include BASF SE, Cellulac, Corbion, Danimer Scientific, Dow, Futerro, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd, Jungbunzlauer Suisse AG, Musashino Chemical Co. Ltd, Natureworks LLC, TEIJIN Ltd, Thyssenkrupp AG, Vaishnavi Bio Tech.

Lactic Acid Market Scope and Segmentation

By Raw Material

Corn

Sugarcane

Cassava

Yeast Extract

Others

By Form

Dry

Liquid

By Application

Industrial

Food & Beverages

• Beverages
• Bakery & Confectionary Products
• Dairy Products
• Meat Products
• Others

Pharmaceuticals

Personal Care

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Lactic Acid Market Research-

BASF SE

Cellulac

Corbion

Danimer Scientific

Dow

Futerro

Galactic

Henan Jindan Lactic Acid Technology Co. Ltd

Jungbunzlauer Suisse AG

Musashino Chemical Co. Ltd

Natureworks LLC

TEIJIN Ltd

Thyssenkrupp AG

Vaishnavi Bio Tech

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.