Spain Lactic Acid Market Size & Forecasting to 2030

Lactic acid is majorly used in the production of PLA, which is a biodegradable polymer and a compostable thermoplastic made from renewable sources, such as lactic acid, produced via fermentation processes. This chemical is Generally Recognized as Safe (GRAS) and has great market potential in the food industry as it is being recognized as harmless by the United States Food & Drug Administration. It can be alternatively produced by chemical synthesis or fermentation.

This is an example of a large-scale production of organic acids. Carbohydrates derived from various sources, such as sugarcane and corn starch, are the most widely utilised feedstock. Organic acids like formic acid and lactic acid, unlike mineral acids, do not entirely dissociate in water.

Lactic acid market in Spain accounted for a market value of USD 31.8 Million in 2020 and is projected to grow at a CAGR of 9.6% during the forecast period. Lactic acid is employed as a crucial ingredient in food and beverage products due to its diverse functional qualities. The extensive range of applications for lactic acid in the food and beverage sector, as well as the spectrum of functional benefits provided by food acidulants, are important factors driving the food acidulants market in Spain. Furthermore, the industry is bolstered by strong expansion in the food and beverage sector. Lactic acid is also widely used in the preservation industry.

This research report categorizes the market for lactic acid based on various segments and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges which influence the lactic acid market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the lactic acid market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub segments of the lactic acid market.

Based on Source, lactic acid market is segmented into natural, and synthetic. Among these, Natural accounted for the largest market share in 2020 and is projected to grow at a CAGR of 9.5% during the forecast period. Based on Application, lactic acid market is segmented into food & beverages, and biodegradable plastics, personal care products, and others. Biodegradable Plastics accounted for the largest market share in 2020. Food & Beverages was the second-largest market in 2020. Based on end-use industry, lactic acid market is segmented into food & beverage, pharmaceuticals, chemical, personal care, polymers, and others. Food & Beverage end-use industry accounted for the largest market share in 2020. and is projected to grow at a CAGR of 9.9% during the forecast period.

Frequently Asked Questions about the Spain Lactic Acid Market

What is the estimated value of the Spain Lactic Acid Market?

The Spain Lactic Acid Market was estimated to be valued at $26.8 Million in 2018.

What is the growth rate of the Spain Lactic Acid Market?

The growth rate of the Spain Lactic Acid Market is 9.7%, with an estimated value of $77.4 Million by 2030.

What is the forecasted size of the Spain Lactic Acid Market?

The Spain Lactic Acid Market is estimated to be worth $77.4 Million by 2030.

Who are the key companies in the Spain Lactic Acid Market?

Key companies in the Spain Lactic Acid Market include Basf Se, Danimer Scientific LLC, Unitika, Corbion N.V, Dupont Nutrition & Biosciences, Cargill, Sulzer, Jungbunzlauer and Dow.

Report Attribute	Details
No. of Pages	68
Published	March 2022
Forecast Period	2018 - 2030
Estimated Market Value ( USD ) in 2018	$ 26.8 Million
Forecasted Market Value ( USD ) by 2030	$ 77.4 Million
Compound Annual Growth Rate	9.7%
Regions Covered	Spain

1. Market Abstract

2. Market Introduction

2.1. Market Scope

3. Publisher's Research Practice

3.1. Research Practice
3.1.1. Supply Based Analysis
3.1.2. Demand Based Analysis
3.1.3. Global Level Analysis
3.1.4. Country Level Analysis
3.1.5. Triangulation
3.2. Primary Data
3.3. Secondary Data
3.4. Market Evaluation & Forecasting Methodology
3.5. Assumptions/ Limitations for the Study
3.6. What this Study Provides
3.7. Key Questions Answered by this Report
3.8. This Study is Intended For

4. Key Related Data

4.1. Competitve Positioning
4.1.1. Product Positioning
4.1.2. Revenue Positioning
4.1.3. Regional Reach Positioning
4.2. Overview of Lactic Acid Market
4.3. Major Investments in Last Five Years by Global Players
4.4. Covid- 19 Impact on Lactic Acid Market

5. Impact Factor Analysis

5.1. Drivers, Restraints, Opportunities, Challenges Analysis
5.1.1. Drivers
5.1.1.1. High Demand for Lactic Acid and Polylactic Acid End-User Applications
5.1.1.2. High Demand for Food Acidulants
5.1.2. Restraints
5.1.2.1. The Market's Expansion is Restricted by Fluctuations in Raw Material Prices
5.1.3. Opportunities
5.1.3.1. The Multifunctionality of Lactic Acid and Polylactic Acid
5.1.4. Challenges
5.1.4.1. Maintaining Supply to Demand
5.2. Porter's Five Force Model
5.2.1.1. Threat of New Entrants: (Moderate)
5.2.1.2. Threat of Substitute: (Moderate)
5.2.1.3. Bargaining Power of Buyers: (Moderate)
5.2.1.4. Bargaining Power of Suppliers: (Moderate)
5.2.1.5. Intensity of Rivalry: (High)

6. Market Development Analysis

6.1. Overview
6.2. Mergers and Acquistions (2015 - 2020)
6.3. Expansions (2015-2020)

7. Lactic Acid Market, by Source

7.1. Introduction
7.2. Natural
7.3. Synthetic

8. Lactic Acid Market, by Application

8.1. Introduction
8.2. Food & Beverages
8.2.1. Meat, Poultry & Fish
8.2.2. Bakery & Confectionery
8.2.3. Fruits & Vegetable
8.2.4. Dairy Products
8.3. Biodegradable Plastics
8.4. Personal Care Products
8.5. Others

9. Lactic Acid Market, by End Use Industry

9.1. Introduction
9.2. Food & Beverages
9.3. Pharmaceuticals
9.4. Chemicals
9.5. Personal Care
9.6. Polymers
9.7. Others

10. Company Profile

10.1. Basf Se
10.1.1. Company Overview
10.1.2. Basf Se: Financial Overview
10.1.3. Basf Se.: Product Overview
10.1.4. Basf: SWOT Analysis
10.2. Danimer Scientific LLC
10.2.1. Company Overview
10.2.2. Danimer Scientific LLC: Financial Overview
10.2.3. Danimer Scientific LLC: Product Overview
10.2.4. Danimer Scientific LLC: SWOT Analysis
10.2.5. Danimer Scientific LLC: Key Developments (2015-2020)
10.3. Unitika.
10.3.1. Company Overview
10.3.2. Unitika.: Product Overview
10.4. Corbion N.V
10.4.1. Company Overview
10.4.2. Corbion N.V: Financial Overview
10.4.3. Corbion N.V: Product Overview
10.4.4. Corbion N.V: SWOT Analysis
10.4.5. Corbion N.V: Key Developments (2015-2020)
10.5. Dupont Nutrition & Biosciences
10.5.1. Company Overview
10.5.2. Dupont Nutrition & Biosciences: Financial Overview
10.5.3. Dupont Nutrition & Biosciences: Product Overview
10.5.4. Dupont Nutrition & Biosciences: SWOT Analysis
10.6. Cargill
10.6.1. Company Overview
10.6.2. Cargill: Financial Overview
10.6.3. Cargill: Product Overview
10.6.4. Cargill: SWOT Analysis
10.7. Sulzer
10.7.1. Company Overview
10.7.2. Sulzer: Financial Overview
10.7.3. Sulzer: Product Overview
10.7.4. Sulzer: SWOT Analysis
10.7.5. Sulzer: Key Developments (2015-2020)
10.8. Jungbunzlauer
10.8.1. Company Overview
10.8.2. Jungbunzlauer: Product Overview
10.8.3. Jungbunzlauer: Key Developments (2015-2020)
10.9. Synbra Technology Bv
10.9.1. Company Overview
10.9.2. Synbra Technology Bv: Product Overview
10.10. Dow
10.10.1. Company Overview
10.10.2. Dow: Financial Overview
10.10.3. Dow: Product Overview
10.10.4. Dow: SWOT Analysis
10.11. Proagro Gmbh
10.11.1. Company Overview
10.11.2. Proagro Gmbh: Product Overview
10.12. Spectrum Chemicals
10.12.1. Company Overview
10.12.2. Spectrum Chemicals: Product Overview

11. Appendix

11.1. List of Abbreviation

List of Tables

Table 1. Mergers and Acquistions (2015 - 2020)
Table 2. Expansions (2015-2020)
Table 3. Lactic Acid Market, by Source - Under Covid-19
Table 4. Lactic Acid Market, by Source
Table 5. Natural Lactic Acid Market, by Source Type - Under Covid-19
Table 6. Natural Lactic Acid Market, by Source Type -
Table 7. Lactic Acid Market, by Application - Under Covid-19
Table 8. Lactic Acid Market, by Application
Table 9. Food & Beverages Vclactic Acid Market - Under Covid-19
Table 10. Food & Beverages Lactic Acid Market
Table 11. Lactic Acid Market, by End Use Industry - Under Covid-19
Table 12. Lactic Acid Market, by End Use Industry

List of Figures

Figure 1. Lactic Acid Market: by Source (2021 & 2030)
Figure 2. Lactic Acid Market: by Application, 2021 & 2030
Figure 3. Lactic Acid Market: by End-Use Industry, 2021 & 2030
Figure 4. Spain Lactic Acid Market - Market Scope
Figure 5. Lactic Acid Market -Research Practice
Figure 6. Lactic Acid Market -Research Methodology
Figure 7. Lactic Acid Market -Primary and Secondary Research
Figure 8. Product Positioning Segment Wise
Figure 9. Revenue Positioning
Figure 10. Regional Reach Positionning
Figure 11. Droc Analysis
Figure 12. Porter's Five Forces Model- Lactic Acid Market
Figure 13. Lactic Acid Market - Market Development Analysis (Organic Vs Inorganic)
Figure 14. New Product Development is the Most Preffered Strategy Adopted by the Key Players Between 2015 and 2020
Figure 15. Corbion N.V. is the Most Active Player in Lactic Acid Market Between 2015 T0 2020
Figure 16. Lactic Acid Market, by Source
Figure 17. Lactic Acid Market, by Source
Figure 18. Natural Lactic Acid Market
Figure 19. Lactic Acid Market, by Application
Figure 20. Lactic Acid Market, by Application
Figure 21. Food & Beverages Lactic Acid Market
Figure 22. Lactic Acid Market, by End Use Industry
Figure 23. Lactic Acid Market, by End-Use Industry
Figure 24. Basf Se. (Business Overview)
Figure 25. Basf Se (Financial Overview)
Figure 26. Danimer Scientific LLC (Business Overview)
Figure 27. Danimer Scientific LLC (Financial Overview)
Figure 28. Unitika. (Business Overview)
Figure 29. Corbion N.V (Business Overview)
Figure 30. Corbion N.V (Financial Overview
Figure 31. Dupont Nutrition & Biosciences (Business Overview)
Figure 32. Dupont Nutrition & Biosciences (Financial Overview)
Figure 33. Cargill (Business Overview)
Figure 34. Cargill (Financial Overview)
Figure 35. Sulzer (Business Overview)
Figure 36. Sulzer (Financial Overview)
Figure 37. Jungbunzlauer (Business Overview)
Figure 38. Synbra Technology Bv (Business Overview)
Figure 39. Dow (Business Overview)
Figure 40. Dow (Financial Overview)
Figure 41. Proagro GmbH (Business Overview)
Figure 42. Spectrum Chemicals (Business Overview) 66