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Lactic Acid Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Mar 2023

Report ID: ARC410

Pages : 250

Format : Lactic Acid Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

CHAPTER 1. Industry Overview of Lactic Acid Market

1.1. Definition and Scope

1.1.1. Definition of Lactic Acid

1.1.2. Market Segmentation

1.1.3. Years Considered for the Study

1.1.4. Assumptions and Acronyms Used

1.1.4.1. Market Assumptions and Market Forecast

1.1.4.2. Acronyms Used in Global Lactic Acid Market

1.2. Summary

1.2.1. Executive Summary 

1.2.2. Lactic Acid Market By Raw Material

1.2.3. Lactic Acid Market By Form

1.2.4. Lactic Acid Market By Application

1.2.5. Lactic Acid Market By Region

CHAPTER 2. Research Approach

2.1. Methodology 

2.1.1. Research Programs

2.1.2. Market Size Estimation

2.1.3. Market Breakdown and Data Triangulation

2.2. Data Source

2.2.1. Secondary Source

2.2.2. Primary Source

CHAPTER 3. Market Dynamics And Competition Analysis

3.1. Market Drivers

3.1.1. Driver 1

3.1.2. Driver 2

3.2. Restraints and Challenges

3.2.1. Restraint 1

3.2.2. Restraint 2

3.3. Growth Opportunities

3.3.1. Opportunity 1

3.3.2. Opportunity 2 

3.4. Porter’s Five Forces Analysis

3.4.1. Bargaining Power of Suppliers

3.4.2. Bargaining Power of Buyers

3.4.3. Threat of Substitute

3.4.4. Threat of New Entrants

3.4.5. Degree of Competition

3.5. Market Concentration Ratio and Market Maturity Analysis of Lactic Acid Market

3.5.1. Go To Market Strategy

3.5.1.1. Introduction

3.5.1.2. Growth

3.5.1.3. Maturity

3.5.1.4. Saturation

3.5.1.5. Possible Development

3.6. Technological Roadmap for Lactic Acid Market

3.7. Value Chain Analysis

3.7.1. List of Key Manufacturers 

3.7.2. List of Customers

3.7.3. Level of Integration

3.8. Price Trend of Key Raw Material

3.8.1. Raw Material Suppliers

3.8.2. Proportion of Manufacturing Cost Structure

3.8.2.1. Raw Material

3.8.2.2. Labor Cost

3.8.2.3. Manufacturing Expense

3.9. Regulatory Compliance

3.10. Competitive Landscape, 2022

3.10.1. Player Positioning Analysis

3.10.2. Key Strategies Adopted By Leading Players

CHAPTER 4. Manufacturing Plant Analysis

4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022

4.2. R&D Status of Major Manufacturers in 2022

CHAPTER 5. Lactic Acid Market By Raw Material

5.1. Introduction

5.2. Lactic Acid Revenue By Raw Material

5.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Raw Material, 2020-2032

5.2.2. Corn

5.2.2.1. Corn Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.3. Cassava

5.2.3.1. Cassava Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.4. Sugarcane 

5.2.4.1. Sugarcane Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

5.2.5. Other Crops

5.2.5.1. Other Crops Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 6. Lactic Acid Market By Form

6.1. Introduction

6.2. Lactic Acid Revenue By Form

6.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Form, 2020-2032

6.2.2. Solid

6.2.2.1. Solid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

6.2.3. Liquid

6.2.3.1. Liquid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 7. Lactic Acid Market By Application

7.1. Introduction

7.2. Lactic Acid Revenue By Application

7.2.1. Lactic Acid Revenue (USD Billion) and Forecast, By Application, 2020-2032

7.2.2. Industrial

7.2.2.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.3. Pharmaceuticals

7.2.3.1. Pharmaceuticals Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.4. Food & Beverages

7.2.4.1. Food & Beverages Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.5. Polylactic Acid

7.2.5.1. Polylactic Acid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.6. Personal Care

7.2.6.1. Personal Care Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

7.2.7. Others

7.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032

CHAPTER 8. North America Lactic Acid Market By Country 

8.1. North America Lactic Acid Market Overview

8.2. U.S.

8.2.1. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

8.2.2. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

8.2.3. U.S. Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

8.3. Canada

8.3.1. Canada Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

8.3.2. Canada Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

8.3.3. Canada Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

8.4. North America PEST Analysis

CHAPTER 9. Europe Lactic Acid Market By Country

9.1. Europe Lactic Acid Market Overview

9.2. U.K.

9.2.1. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

9.2.2. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

9.2.3. U.K. Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

9.3. Germany

9.3.1. Germany Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

9.3.2. Germany Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

9.3.3. Germany Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

9.4. France

9.4.1. France Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

9.4.2. France Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

9.4.3. France Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

9.5. Spain

9.5.1. Spain Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

9.5.2. Spain Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

9.5.3. Spain Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

9.6. Rest of Europe

9.6.1. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

9.6.2. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

9.6.3. Rest of Europe Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

9.7. Europe PEST Analysis

CHAPTER 10. Asia Pacific Lactic Acid Market By Country

10.1. Asia Pacific Lactic Acid Market Overview

10.2. China

10.2.1. China Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.2.2. China Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.2.3. China Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.3. Japan

10.3.1. Japan Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.3.2. Japan Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.3.3. Japan Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.4. India

10.4.1. India Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.4.2. India Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.4.3. India Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.5. Australia

10.5.1. Australia Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.5.2. Australia Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.5.3. Australia Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.6. South Korea

10.6.1. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.6.2. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.6.3. South Korea Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.7. Rest of Asia-Pacific

10.7.1. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

10.7.2. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

10.7.3. Rest of Asia-Pacific Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

10.8. Asia Pacific PEST Analysis

CHAPTER 11. Latin America Lactic Acid Market By Country

11.1. Latin America Lactic Acid Market Overview

11.2. Brazil

11.2.1. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

11.2.2. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

11.2.3. Brazil Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

11.3. Mexico

11.3.1. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

11.3.2. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

11.3.3. Mexico Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

11.4. Rest of Latin America

11.4.1. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

11.4.2. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

11.4.3. Rest of Latin America Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

11.5. Latin America PEST Analysis

CHAPTER 12. Middle East & Africa Lactic Acid Market By Country 

12.1. Middle East & Africa Lactic Acid Market Overview

12.2. GCC

12.2.1. GCC Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

12.2.2. GCC Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

12.2.3. GCC Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

12.3. South Africa

12.3.1. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

12.3.2. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

12.3.3. South Africa Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

12.4. Rest of Middle East & Africa

12.4.1. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Raw Material, 2020-2032

12.4.2. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Form, 2020-2032

12.4.3. Rest of Middle East & Africa Lactic Acid Revenue (USD Billion) and Forecast By Application, 2020-2032

12.5. Middle East & Africa PEST Analysis

CHAPTER 13. Player Analysis Of Lactic Acid Market

13.1. Lactic Acid Market Company Share Analysis

13.2. Competition Matrix

13.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment

13.2.2. New Product Launches and Product Enhancements

13.2.3. Mergers And Acquisition In Global Lactic Acid Market

13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements

CHAPTER 14. Company Profile

14.1. Corbion

14.1.1. Company Snapshot

14.1.2. Business Overview

14.1.3. Financial Overview

14.1.3.1. Revenue (USD Billion), 2022

14.1.3.2. Corbion 2022 Lactic Acid Business Regional Distribution

14.1.4. Product /Service and Specification

14.1.5. Recent Developments & Business Strategy

14.2. Sulzer

14.3. DuPont

14.4. Jungbunzlauer

14.5. Henan Jindan Lacic Acid Technology

14.6. Cargill

14.7. Mushashino Chemical

14.8. Unitika

14.9. FoodChem International

14.10. Vaishnavi Biotech

14.11. Galactic

14.12. DOW

Frequently Asked Questions

What was the market size of the global lactic acid in 2022?

The market size of lactic acid was USD 3.1 Billion in 2022.

What is the CAGR of the global lactic acid market from 2023 to 2032?

The CAGR of lactic acid is 9.9% during the analysis period of 2023 to 2032.

Which are the key players in the lactic acid market?

The key players operating in the global market are including Corbion, Sulzer, DuPont, Jungbunzlauer, Henan Jindan Lacic Acid Technology, Cargill, Mushashino Chemical, Unitika, FoodChem International, Vaishnavi Biotech, Galactic, and DOW.

Which region dominated the global lactic acid market share?

North America held the dominating position in lactic acid industry during the analysis period of 2023 to 2032.

Which region registered fastest CAGR from 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of lactic acid during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global lactic acid industry?

The current trends and dynamics in the lactic acid industry include growing demand in food and beverage industry, and increasing demand for biodegradable polymers.

Which raw material held the maximum share in 2022?

The sugarcane raw material held the maximum share of the lactic acid industry.

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