Lactic Acid Market Size, Share, Trends, Industry Analysis Report: By Source (Natural and Synthetic), Form, Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Description

List of Tables

The global Lactic Acid market size is expected to reach USD 7.51 billion by 2034, according to a new study by Polaris Market Research. The report "Lactic Acid Market Size, Share, Trends, Industry Analysis Report: By Source (Natural and Synthetic), Form, Application, and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The lactic acid market has witnessed significant expansion in recent years, driven by its widespread applications across various industries, including food and beverages, pharmaceuticals, personal care, and biodegradable plastics. Lactic acid is a naturally occurring organic acid that is increasingly being adopted for its functional properties, such as acidity regulation and preservation, and as a key raw material in polylactic acid (PLA) production. Factors such as rising demand for bio-based and sustainable alternatives to petrochemical-derived products are largely influencing the market growth. According to market analysis, the global lactic acid market is projected to experience steady growth due to increasing regulatory support for eco-friendly materials and the growing preference for clean-label products in industries such as food & beverages and packaging.

The key driving factors contributing to the market expansion of lactic acid include advancements in fermentation technology that have improved the production efficiency of the industries. Additionally, the growing consumer inclination toward biodegradable plastics and green packaging solutions is fuelling the demand for PLA. Government measures promoting sustainable production practices, along with increased investments in research and development, are further strengthening the market penetration of lactic acid across various industries.

The lactic acid market experiences challenges that impact its growth, with one of the key restraining factors being volatile raw material prices. Fluctuations in the cost of feedstocks such as corn, sugarcane, and other biomass sources create uncertainty in production costs, affecting the overall price stability of lactic acid. Factor such as volatility in raw material prices impacts the profit margins of manufacturers, thereby limiting the market expansion of lactic acid. Additionally, increasing dependency on agricultural inputs led to market susceptibility, resulting in the generation of risks associated with supply disruption and other geopolitical factors. Regulatory constraints, particularly in the areas of sustainability and environmental standards, also add to the complexities of production, further challenging the growth of the market. Therefore, to minimize such risk factors, companies are gradually adopting cost-effective production techniques and exploring alternative raw materials while navigating market demand trends.

Lactic Acid Market Report Highlights

In terms of source, the natural lactic acid segment accounted for a largest market share in 2024 due to growing demand for eco-friendly products to minimize carbon footprints.

Based on form, the dry lactic acid segment held the significant market growth in 2024 due to ease of accessibility and its transportation among the seller and buyers.

In 2024, North America accounted for the largest share in the lactic acid market due to developed infrastructure towards production and improved logistic supports.

The Asia Pacific is expected to witness fastest growth over the forecast period in the lactic acid market due to rapid commercialization and growing prospect of innovative products across the regions.

Some of the global key market players are Cargill; Corbion N.V.; Galactic; Godavari Biorefineries; Henan Jindan Lactic Acid Technology Co. Ltd.; Jungbunzlauer Suisse AG; Musashino Chemical Laboratory, Ltd.; Spectrum Chemicals; Vigon International, LLC; Teijin Limited; ProAgro GmbH; Foodchem International Corporation.

Polaris Market Research has segmented the Lactic Acid market report based on source, form, application, and region:

By Source Outlook (Revenue, USD Billion, 2020-2034)

Natural
Synthetic

By Form Outlook (Revenue, USD Billion, 2020-2034)

Dry
Liquid

By Application Outlook (Revenue, USD Billion, 2020-2034)

Personal Care
Food & Beverages
Chemical
Pharmaceutical
Industrial
Biodegradable Plastics & Polymers
Others

By Regional Outlook (Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia-Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1630

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Lactic Acid Market Insights

4.1. Lactic Acid Market - Sales Channel Snapshot
4.2. Lactic Acid Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Demand for Biodegradable Plastics
  - 4.2.1.2. Expansion in Food and Beverage Industry Applications
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Production Costs and Raw Material Price Volatility
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Lactic Acid Market Trends
4.6. Value Chain Analysis

5. Global Lactic Acid Market, by Source

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
5.3. Natural
- 5.3.1. Global Lactic Acid Market, by Natural, by Region, 2020 - 2034 (USD Billion)
5.4. Synthetic
- 5.4.1. Global Lactic Acid Market, by Synthetic, by Region, 2020 - 2034 (USD Billion)

6. Global Lactic Acid Market, by Form

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
6.3. Dry
- 6.3.1. Global Lactic Acid Market, by Dry, by Region, 2020 - 2034 (USD Billion)
6.4. Liquid
- 6.4.1. Global Lactic Acid Market, by Liquid, by Region, 2020 - 2034 (USD Billion)

7. Global Lactic Acid Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
7.3. Personal Care
- 7.3.1. Global Lactic Acid Market, by Personal Care, by Region, 2020 - 2034 (USD Billion)
7.4. Food & Beverages
- 7.4.1. Global Lactic Acid Market, Food & Beverages, by Region, 2020 - 2034 (USD Billion)
7.5. Chemical
- 7.5.1. Global Lactic Acid Market, Chemical, by Region, 2020 - 2034 (USD Billion)
7.6. Pharmaceutical
- 7.6.1. Global Lactic Acid Market, Pharmaceutical, by Region, 2020 - 2034 (USD Billion)
7.7. Industrial
- 7.7.1. Global Lactic Acid Market, Industrial, by Region, 2020 - 2034 (USD Billion)
7.8. Biodegradable Plastics & Polymers
- 7.8.1. Global Lactic Acid Market, Biodegradable Plastics & Polymers, by Region, 2020 - 2034 (USD Billion)
7.9. Others
- 7.9.1. Global Lactic Acid Market, Others, by Region, 2020 - 2034 (USD Billion)

8. Global Lactic Acid Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Lactic Acid Market Assessment, By Geography, 2020 - 2034 (USD Billion)
8.3. Lactic Acid Market - North America
- 8.3.1. North America: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
- 8.3.2. North America: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
- 8.3.3. North America: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.3.5. Lactic Acid Market - U.S.
  - 8.3.5.1. U.S.: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.3.5.2. U.S.: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.3.5.3. U.S.: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.3.6. Lactic Acid Market - Canada
  - 8.3.6.1. Canada: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.3.6.2. Canada: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.3.6.3. Canada: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
8.4. Lactic Acid Market - Europe
- 8.4.1. Europe: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
- 8.4.2. Europe: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
- 8.4.3. Europe: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.4. Lactic Acid Market - UK
  - 8.4.4.1. UK: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.4.2. UK: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.4.3. UK: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.5. Lactic Acid Market - France
  - 8.4.5.1. France: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.5.2. France: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.5.3. France: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.6. Lactic Acid Market - Germany
  - 8.4.6.1. Germany: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.6.2. Germany: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.6.3. Germany: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.7. Lactic Acid Market - Italy
  - 8.4.7.1. Italy: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.7.2. Italy: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.7.3. Italy: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.8. Lactic Acid Market - Spain
  - 8.4.8.1. Spain: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.8.2. Spain: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.8.3. Spain: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.9. Lactic Acid Market - Netherlands
  - 8.4.9.1. Netherlands: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.9.2. Netherlands: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.9.3. Netherlands: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.10. Lactic Acid Market - Russia
  - 8.4.10.1. Russia: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.10.2. Russia: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.10.3. Russia: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.4.11. Lactic Acid Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
8.5. Lactic Acid Market - Asia Pacific
- 8.5.1. Asia Pacific: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
- 8.5.2. Asia Pacific: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
- 8.5.3. Asia Pacific: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.4. Lactic Acid Market - China
  - 8.5.4.1. China: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.4.2. China: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.4.3. China: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.5. Lactic Acid Market - India
  - 8.5.5.1. India: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.5.2. India: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.5.3. India: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.6. Lactic Acid Market - Malaysia
  - 8.5.6.1. Malaysia: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.6.2. Malaysia: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.6.3. Malaysia: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.7. Lactic Acid Market - Japan
  - 8.5.7.1. Japan: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.7.2. Japan: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.7.3. Japan: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.8. Lactic Acid Market - Indonesia
  - 8.5.8.1. Indonesia: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.8.2. Indonesia: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.8.3. Indonesia: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.9. Lactic Acid Market - South Korea
  - 8.5.9.1. South Korea: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.9.2. South Korea: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.9.3. South Korea: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.10. Lactic Acid Market - Australia
  - 8.5.10.1. Australia: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.10.2. Australia: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.10.3. Australia: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.5.11. Lactic Acid Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
8.6. Lactic Acid Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
- 8.6.2. Middle East & Africa: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
- 8.6.3. Middle East & Africa: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.6.4. Lactic Acid Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.6.5. Lactic Acid Market - UAE
  - 8.6.5.1. UAE: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.6.5.2. UAE: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.6.5.3. UAE: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.6.6. Lactic Acid Market - Israel
  - 8.6.6.1. Israel: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.6.6.2. Israel: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.6.6.3. Israel: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.6.7. Lactic Acid Market - South Africa
  - 8.6.7.1. South Africa: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.6.7.2. South Africa: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.6.7.3. South Africa: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.6.8. Lactic Acid Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
8.7. Lactic Acid Market - Latin America
- 8.7.1. Latin America: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
- 8.7.2. Latin America: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
- 8.7.3. Latin America: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.7.4. Lactic Acid Market - Mexico
  - 8.7.4.1. Mexico: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.7.4.2. Mexico: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.7.4.3. Mexico: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.7.5. Lactic Acid Market - Brazil
  - 8.7.5.1. Brazil: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.7.5.2. Brazil: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.7.5.3. Brazil: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.7.6. Lactic Acid Market - Argentina
  - 8.7.6.1. Argentina: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.7.6.2. Argentina: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.7.6.3. Argentina: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)
- 8.7.7. Lactic Acid Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Lactic Acid Market, by Source, 2020 - 2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Lactic Acid Market, by Form, 2020 - 2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Lactic Acid Market, by Application, 2020 - 2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Cargill, Inc.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Corbion N.V.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Foodchem International Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Galactic
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Godavari Biorefineries
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Henan Jindan Lactic Acid Technology Co. Ltd.
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Jungbunzlauer Suisse AG
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Musashino
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. ProAgro GmbH
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Spectrum Chemicals
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
10.11. Teijin Limited
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
10.12. Vigon International, LLC
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development