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The lactic acid market is forecasted to grow by USD 1.79 bn during 2023-2028, accelerating at a CAGR of 8.3% during the forecast period. The report on the lactic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in popularity of probiotics composed of lactic acid, growing demand for lactic acid in food and beverage industry, and continuous expansion of bioplastics industry where lactic acid is key component.
The lactic acid market is segmented as below:
By Type
- Dry
- Liquid
By Source
- Sugar cane
- Corn
- Cassava
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
The report on the lactic acid market covers the following areas:
- Lactic acid market sizing
- Lactic acid market forecast
- Lactic acid market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global lactic acid market: BASF SE, Cargill Inc., Corbion nv, Danimer Scientific Inc., Dow Chemical Co., DuPont de Nemours Inc., Foodchem International Corp., Galactic, Henan Jindan lactic acid Technology Co. Ltd., JIAAN BIOTECH, Jungbunzlauer Suisse AG, Musashino Chemical Laboratory Ltd., Sulzer Management Ltd., Syconium Lactic Acid GmbH, Teijin Ltd., thyssenkrupp AG, Toray Industries Inc., Vaishnavi Bio Tech International Ltd., Vishnupriya Chemicals Pvt. Ltd., and Zhejiang NetSun Co. Ltd..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is expanding range of applications of lactic acid in pharmaceutical and personal care industry.'
According to the report, one of the major drivers for this market is the increase in popularity of probiotics composed of lactic acid.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Cargill Inc.
- Corbion nv
- Danimer Scientific Inc.
- Dow Chemical Co.
- DuPont de Nemours Inc.
- Foodchem International Corp.
- Galactic
- Henan Jindan lactic acid Technology Co. Ltd.
- JIAAN BIOTECH
- Jungbunzlauer Suisse AG
- Musashino Chemical Laboratory Ltd.
- Sulzer Management Ltd.
- Syconium Lactic Acid GmbH
- Teijin Ltd.
- thyssenkrupp AG
- Toray Industries Inc.
- Vaishnavi Bio Tech International Ltd.
- Vishnupriya Chemicals Pvt. Ltd.
- Zhejiang NetSun Co. Ltd.
