The global lactic acid market was valued at US$ 1,069.84 million in 2019 and it is projected to reach US$ 2,217.88 million by 2027; it is expected to grow at a CAGR of 9.54% from 2019 to 2027.
Lactic acid is an organic acid produced during the process of fermentation. It is used in various industries including food & beverages, pharmaceuticals, personal care, and biodegradable polymers. The multi-functionalities of lactic acid render its use in various industries. In the food & beverages industry, lactic acid is used as a preservative, curing agent, and a flavoring agent. Surging global demand for processed food is boosting the application of lactic acid in the food industry. In meat, poultry, & and seafood products, it is majorly used as a decontaminant. In the personal care industry, lactic acid is mainly used in anti-ageing and skin lightening products as it treats hyperpigmentation and age spots.
Based on application, the lactic acid market is segmented into food & beverages, pharmaceuticals, personal care, and others. The food and & beverages segment led the lactic acid market with the highest market share in 2019. Lactic acid is used in a wide variety of food industries, such as baking products, beverages, fermented meat, confectionery, dairy products, salads, dressings, and ready-to-eat meals. Moreover, in the food & beverage industry, lactic acid is preferred over synthetic chemicals because lactic acid changes the taste, texture, or characteristics of products to improve their shelf life. In the dairy industry, lactic acids are used to coagulate milk and create cheese flavors. Whereas in the brewing industry, lactic acid increases the conversion of starch in beer, thus increasing the yield. In the baking industry, lactic acid helps regulate the acidity of the dough and increases the shelf life of the baked goods. Further, lactic acid fermentation plays an important role in the food and & beverages industry. The reason behind fermenting food is for the purpose of preservation. Lactic acid fermentation also prevents the production of undesired bacteria and moisture. Lactic acid is used as an emulsifier in the manufacture of bakery products. Thus, all these factors are expected to increase the lactic acid market growth in the food and & beverages industry.
Geographically, the lactic acid market is segmented into North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA). In 2019, North America held the largest share of the global lactic acid market, followed by Asia Pacific. In the North America region, the US is a major market for lactic acid, followed by Canada and Mexico. The growth of the lactic acid market in this region is primarily attributed to the presence of established application industries, such as food & beverages, personal care, and pharmaceuticals. Presence of prominent market players in the region is yet another factor driving the regional market growth. The US is the major contributing country in North America, accounting for the lion’s share in the regional market. This trend is anticipated to positively impact the expansion of the lactic acid market in North America.
Coronavirus outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are some of the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are 104,370,550 confirmed cases and 2,271,180 total deaths globally. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries suffering serious disruptions, such as supply chain breaks, and production facility shutdowns, etc., because of this outbreak. The shutdown of various plants and factories in leading regions, such as North America, Europe, Asia Pacific, South America, and the Middle East, and & Africa, has affected the global supply chain and negatively affected the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the food and & beverages industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.
Corbion; Cargill Inc.; Foodchem International Corporation; Galactic; Henan Xinghan Biotechnology; Musashino Chemical Laboratory, Ltd.; Shandong Baisheng Biotechnology Co., Ltd.; Jungbunzlauer Suisse AG; Henan Jindan Lactic Acid Technology Co., Ltd.; and Vigon International, Inc. are among the major players operating in the global lactic acid market.
The overall global lactic acid market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the global lactic acid market.
Lactic acid is an organic acid produced during the process of fermentation. It is used in various industries including food & beverages, pharmaceuticals, personal care, and biodegradable polymers. The multi-functionalities of lactic acid render its use in various industries. In the food & beverages industry, lactic acid is used as a preservative, curing agent, and a flavoring agent. Surging global demand for processed food is boosting the application of lactic acid in the food industry. In meat, poultry, & and seafood products, it is majorly used as a decontaminant. In the personal care industry, lactic acid is mainly used in anti-ageing and skin lightening products as it treats hyperpigmentation and age spots.
Based on application, the lactic acid market is segmented into food & beverages, pharmaceuticals, personal care, and others. The food and & beverages segment led the lactic acid market with the highest market share in 2019. Lactic acid is used in a wide variety of food industries, such as baking products, beverages, fermented meat, confectionery, dairy products, salads, dressings, and ready-to-eat meals. Moreover, in the food & beverage industry, lactic acid is preferred over synthetic chemicals because lactic acid changes the taste, texture, or characteristics of products to improve their shelf life. In the dairy industry, lactic acids are used to coagulate milk and create cheese flavors. Whereas in the brewing industry, lactic acid increases the conversion of starch in beer, thus increasing the yield. In the baking industry, lactic acid helps regulate the acidity of the dough and increases the shelf life of the baked goods. Further, lactic acid fermentation plays an important role in the food and & beverages industry. The reason behind fermenting food is for the purpose of preservation. Lactic acid fermentation also prevents the production of undesired bacteria and moisture. Lactic acid is used as an emulsifier in the manufacture of bakery products. Thus, all these factors are expected to increase the lactic acid market growth in the food and & beverages industry.
Geographically, the lactic acid market is segmented into North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA). In 2019, North America held the largest share of the global lactic acid market, followed by Asia Pacific. In the North America region, the US is a major market for lactic acid, followed by Canada and Mexico. The growth of the lactic acid market in this region is primarily attributed to the presence of established application industries, such as food & beverages, personal care, and pharmaceuticals. Presence of prominent market players in the region is yet another factor driving the regional market growth. The US is the major contributing country in North America, accounting for the lion’s share in the regional market. This trend is anticipated to positively impact the expansion of the lactic acid market in North America.
Coronavirus outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are some of the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are 104,370,550 confirmed cases and 2,271,180 total deaths globally. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries suffering serious disruptions, such as supply chain breaks, and production facility shutdowns, etc., because of this outbreak. The shutdown of various plants and factories in leading regions, such as North America, Europe, Asia Pacific, South America, and the Middle East, and & Africa, has affected the global supply chain and negatively affected the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the food and & beverages industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.
Corbion; Cargill Inc.; Foodchem International Corporation; Galactic; Henan Xinghan Biotechnology; Musashino Chemical Laboratory, Ltd.; Shandong Baisheng Biotechnology Co., Ltd.; Jungbunzlauer Suisse AG; Henan Jindan Lactic Acid Technology Co., Ltd.; and Vigon International, Inc. are among the major players operating in the global lactic acid market.
The overall global lactic acid market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the global lactic acid market.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Global Lactic Acid Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
4.4 List of Suppliers
5. Lactic Acid Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Widening Application Scope
5.1.2 Multi-functionalities of Lactic Acid
5.2 Market Restraint
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Increasing Demand for Biodegradable Polymers
5.4 Future Trends
5.4.1 Innovations and Technology Advancement
5.5 Impact Analysis
6. Lactic Acid - Global Market Analysis
6.1 Lactic Acid Market Overview
6.2 Lactic Acid Market -Revenue And Forecast To 2027 (US$ Billion)
6.3 Competitive Positioning - Key Market Players
7. Lactic Acid Market Analysis - By Form
7.1 Overview
7.2 Lactic Acid Market, By Form (2019 and 2027)
7.3 Dry
7.3.1 Overview
7.3.2 Dry: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
8. Lactic Acid Market Analysis - By Application
8.1 Overview
8.2 Lactic Acid Market, By Application (2019 and 2027)
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages : Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Pharmaceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals : Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Personal Care
8.5.1 Personal Care : Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Others
8.6.1 Others: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Mn)
9. Lactic Acid Market - Geographic Analysis
9.1 Overview
9.2 North America: Lactic Acid Market
9.2.1 North America: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Lactic Acid Market, by Form
9.2.3 North America: Lactic Acid Market, by Application
9.2.4 North America: Lactic Acid Market, by Key Country
9.2.4.1 US: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Lactic Acid Market, by Form
9.2.4.1.2 US: Lactic Acid Market, by Application
9.2.4.2 Canada: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Lactic Acid Market, by Form
9.2.4.2.2 Canada: Lactic Acid Market, by Application
9.2.4.3 Mexico: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Lactic Acid Market, by Form
9.2.4.3.2 Mexico: Lactic Acid Market, by Application
9.3 Europe: Lactic Acid Market
9.3.1 Europe: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Lactic Acid Market, by Form
9.3.3 Europe: Lactic Acid Market, by Application
9.3.4 Europe: Lactic Acid Market, by Key Country
9.3.4.1 Germany: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Lactic Acid Market, by Form
9.3.4.1.2 Germany: Lactic Acid Market, by Application
9.3.4.2 France: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Lactic Acid Market, by Form
9.3.4.2.2 France: Lactic Acid Market, by Application
9.3.4.3 Italy: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Lactic Acid Market, by Form
9.3.4.3.2 Italy: Lactic Acid Market, by Application
9.3.4.4 UK: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Lactic Acid Market, by Form
9.3.4.4.2 UK: Lactic Acid Market, by Application
9.3.4.5 Russia: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Lactic Acid Market, by Form
9.3.4.5.2 Russia: Lactic Acid Market, by Application
9.3.4.6 Rest of Europe: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Lactic Acid Market, by Form
9.3.4.6.2 Rest of Europe: Lactic Acid Market, by Application
9.4 APAC: Lactic Acid Market
9.4.1 APAC: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Lactic Acid Market, by Form
9.4.3 APAC: Lactic Acid Market, by Application
9.4.4 APAC: Lactic Acid Market, by Key Country
9.4.4.1 Australia: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Lactic Acid Market, by Form
9.4.4.1.2 Australia: Lactic Acid Market, by Application
9.4.4.2 China: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Lactic Acid Market, by Form
9.4.4.2.2 China: Lactic Acid Market, by Application
9.4.4.3 India: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Lactic Acid Market, by Form
9.4.4.3.2 India: Lactic Acid Market, by Application
9.4.4.4 Japan: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Lactic Acid Market, by Form
9.4.4.4.2 Japan: Lactic Acid Market, by Application
9.4.4.5 South Korea: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Lactic Acid Market, by Form
9.4.4.5.2 South Korea: Lactic Acid Market, by Application
9.4.4.6 Rest of APAC: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Lactic Acid Market, by Form
9.4.4.6.2 Rest of APAC: Lactic Acid Market, by Application
9.5 MEA: Lactic Acid Market
9.5.1 MEA: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Lactic Acid Market, by Form
9.5.3 MEA: Lactic Acid Market, by Application
9.5.4 MEA: Lactic Acid Market, by Key Country
9.5.4.1 South Africa: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Lactic Acid Market, by Form
9.5.4.1.2 South Africa: Lactic Acid Market, by Application
9.5.4.2 Saudi Arabia: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Lactic Acid Market, by Form
9.5.4.2.2 Saudi Arabia: Lactic Acid Market, by Application
9.5.4.3 UAE: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Lactic Acid Market, by Application
9.5.4.4 Rest of MEA: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Lactic Acid Market, by Form
9.5.4.4.2 Rest of MEA: Lactic Acid Market, by Application
9.6 SAM: Lactic Acid Market
9.6.1 SAM: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Lactic Acid Market, by Form
9.6.3 SAM: Lactic Acid Market, by Application
9.6.4 SAM: Lactic Acid Market, by Key Country
9.6.4.1 Brazil: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Lactic Acid Market, by Form
9.6.4.1.2 Brazil: Lactic Acid Market, by Application
9.6.4.2 Argentina: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Lactic Acid Market, by Form
9.6.4.2.2 Argentina: Lactic Acid Market, by Application
9.6.4.3 Rest of SAM: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Lactic Acid Market, by Form
9.6.4.3.2 Rest of SAM: Lactic Acid Market, by Application
10. Overview- Impact of Coronavirus Outbreak
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America: Impact Assessment of COVID-19 Pandemic
11. Key Company Profiles
11.1 Corbion
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Cargill Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Foodchem International Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Galactic
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Henan Xinghan Biotechnology
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Jungbunzlauer Suisse AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 Henan Jindan Lactic Acid Technology Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 Musashino Chemical Laboratory, Ltd.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 Shandong Baisheng Biotechnology Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 Vigon International, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
12. Appendix
12.1 About the Publisher
12.2 Word Index
List of Tables
Table 1. List of Lactic Acid Suppliers
Table 2. Lactic Acid Market -Revenue And Forecast To 2027 (US$ Million)
Table 3. North America Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 4. North America Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 5. US Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 6. US Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 8. Canada Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 9. Mexico Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 10. Mexico Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 11. Europe Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 12. Europe Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 13. Germany Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 14. Germany Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 15. France Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 16. France Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 17. Italy Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 18. Italy Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 19. UK Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 20. UK Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 21. Russia Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 22. Russia Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 23. Rest of Europe Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 24. Rest of Europe Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 25. Asia Pacific Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 26. Asia Pacific Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 27. Australia Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 28. Australia Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 29. China Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 30. China Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 31. India Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 32. India Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 33. Japan Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 34. Japan Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 35. South Korea Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 36. South Korea Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 37. Rest of APAC Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 38. Rest of APAC Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 39. MEA Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 40. MEA Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 41. South Africa Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 42. South Africa Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 43. Saudi Arabia Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 44. Saudi Arabia Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 45. UAE Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 46. UAE Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 47. Rest of MEA Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 48. Rest of MEA Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 49. SAM Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 50. SAM Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 51. Brazil Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 52. Brazil Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 53. Argentina Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 54. Argentina Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 55. Rest of SAM Lactic Acid Market, by Form - Revenue and Forecast to 2027 (USD Million)
Table 56. Rest of SAM Lactic Acid Market, by Application - Revenue and Forecast to 2027 (USD Million)
Table 57. List of AbbreviationList of Figures
Figure 1. Global Lactic Acid Market Segmentation
Figure 2. Lactic Acid Market Segmentation - By Geography
Figure 3. Global Lactic Acid Market Overview
Figure 4. Food & Beverages Segment Held Largest Share Of Global Lactic Acid Market
Figure 5. North America Region Held Largest Share Of Global Lactic Acid Market
Figure 6. Global Lactic Acid Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Global Lactic Acid Market Impact Analysis Of Drivers And Restraints
Figure 14. Geographic Overview Of Lactic Acid Market
Figure 15. Global: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Million)
Figure 16. Lactic Acid Market Revenue Share, By Form (2019 and 2027)
Figure 17. Dry: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 18. Liquid: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 19. Lactic Acid Market Revenue Share, By Application (2019 and 2027)
Figure 20. Food and Beverages: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 21. Pharmaceuticals: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 22. Personal Care: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 23. Others: Lactic Acid Market - Revenue And Forecast To 2027 (US$ Mn)
Figure 24. Global Lactic Acid Market Revenue Share, by Region (2019 and 2027)
Figure 25. North America: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 26. North America: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 27. North America: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 28. North America: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 29. US: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 30. Canada: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 31. Mexico: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 32. Europe: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 33. Europe: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 34. Europe: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 35. Europe: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. Germany: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 37. France: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 38. Italy: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 39. UK: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 40. Russia: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 41. Rest of Europe: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 42. APAC: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 43. APAC: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 44. APAC: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 45. APAC: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 46. Australia: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 47. China: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 48. India: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 49. Japan: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 50. South Korea: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 51. Rest of APAC: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 52. MEA: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 53. MEA: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 54. MEA: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 55. MEA: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 56. South Africa: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 57. Saudi Arabia: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 58. UAE: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 59. Rest of MEA: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 60. SAM: Lactic Acid Market - Revenue and Forecast to 2027 (US$ Million)
Figure 61. SAM: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 62. SAM: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 63. SAM: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 64. Brazil: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 65. Argentina: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 66. Rest of SAM: Lactic Acid Market -Revenue and Forecast to 2027 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic in South America Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Corbion
- Cargill Inc .
- Foodchem International Corporation
- Galactic
- Henan Xinghan Biotechnology
- Musashino Chemical Laboratory,Ltd.
- Shandong Baisheng Biotechnology Co., Ltd.
- Jungbunzlauer Suisse AG
- Henan Jindan Lactic Acid Technology Co., Ltd.
- Vigon International, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| Published | February 2021 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 1069.84 Million |
| Forecasted Market Value ( USD | $ 2217.88 Million |
| Compound Annual Growth Rate | 9.5% |
| Regions Covered | Global |
