Global Lactic Acid Market 2024-2028

Description

List of Tables

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.

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.

Technavio's lactic acid market is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8%
CAGR	8.3%
Incremental Value	$1.79bn

By Type

Dry
Liquid

By Source

Sugar cane
Corn
Cassava
Others

By Geographical Landscape

North America
APAC
Europe
South America
Middle East and Africa

This study identifies the expanding range of applications of lactic acid in pharmaceutical and personal care industry as one of the prime reasons driving the lactic acid market growth during the next few years. Also, rising awareness of lactose free products and increasing focus on sustainability for lactic acid products will lead to sizable demand in the market.

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 robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lactic acid market vendors that include 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.. Also, the lactic acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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.

Product Code: IRTNTR77528

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Global lactic acid market 2018 - 2022
4.2 Form Segment Analysis 2018 - 2022
4.3 Source Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022
4.5 Country Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Dry - Market size and forecast 2023-2028
6.4 Liquid - Market size and forecast 2023-2028
6.5 Market opportunity by Type

7 Market Segmentation by Source

7.1 Market segments
7.2 Comparison by Source
7.3 Sugar cane - Market size and forecast 2023-2028
7.4 Corn - Market size and forecast 2023-2028
7.5 Cassava - Market size and forecast 2023-2028
7.6 Others - Market size and forecast 2023-2028
7.7 Market opportunity by Source

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America - Market size and forecast 2023-2028
9.4 APAC - Market size and forecast 2023-2028
9.5 Europe - Market size and forecast 2023-2028
9.6 South America - Market size and forecast 2023-2028
9.7 Middle East and Africa - Market size and forecast 2023-2028
9.8 US - Market size and forecast 2023-2028
9.9 China - Market size and forecast 2023-2028
9.10 Germany - Market size and forecast 2023-2028
9.11 UK - Market size and forecast 2023-2028
9.12 Japan - Market size and forecast 2023-2028
9.13 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 BASF SE
12.4 Cargill Inc.
12.5 Corbion nv
12.6 DuPont de Nemours Inc.
12.7 Galactic
12.8 Henan Jindan lactic acid Technology Co. Ltd.
12.9 JIAAN BIOTECH
12.10 Jungbunzlauer Suisse AG
12.11 Musashino Chemical Laboratory Ltd.
12.12 Syconium Lactic Acid GmbH
12.13 Teijin Ltd.
12.14 thyssenkrupp AG
12.15 Vaishnavi Bio Tech International Ltd.
12.16 Vishnupriya Chemicals Pvt. Ltd.
12.17 Zhejiang NetSun Co. Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations