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The future of the lactic acid market looks promising with opportunities in the industrial, food and beverage, biodegradable plastics, pharmaceutical, personal care and cosmetics, and others. The global lactic acid market is expected to grow with a CAGR of 18%-19% from 2020 to 2025. The major drivers for this market are growing demand for skincare products such as moisturizers and anti-aging. Lactic acid, being a monomer for the manufacturing of biodegradable polylactic acid, is also one of the driving factor.
 
A total of XX figures / charts and XX tables are provided in more than 150 pages report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global lactic acid market report, please download the report brochure.
 
lactic acid

 
lactic acid
 
The study includes trends and forecast for the global lactic acid market by raw material, source, function, application, and region as follows:
 
By Raw Material [Value ($ Million) shipment analysis for 2014 – 2025]:
  • Corn
  • Sugarcane
  • Cassava
  • Others
By Source [Value ($ Million) shipment analysis for 2014 – 2025]:
  • Natural
  • Synthetic
By Function [Value ($ Million) shipment analysis for 2014 – 2025]:
  • Preservative
  • pH Regulator
  • Antimicrobial Agent
  • Flavour
  • Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
  • Industrial
  • Food & Beverage 
  • Biodegradable Plastics
  • Pharmaceutical
  • Personal Care & Cosmetics
  • Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
  • North America
  • United States
  • Canada 
  • Mexico
  • Europe
  • United Kingdom
  • German
  • France
  • Spain
  • Asia Pacific
  • China
  • Japan
  • India
  • The Rest of the World 
  • Brazil
Some of the lactic acid companies profiled in this report include Corbion, Henan Jindan Lactic Acid Technology, Futerro, DuPont, Vigon International, Cargill, Musashino Chemical (China), thyssenkrupp AG, Galactic s.a., BASF, TEIJIN., Synbra Technology bv, NatureWorks LLC, Mitushi Biopharma, Jiangxi Keyuan Bio-Material Co., Ltd., Jiaan Biotech, and others.
 
In this market, corn, sugarcane, cassava, and others are the major raw materials of lactic acid market. Lucintel forecasts that corn is anticipated to be the largest raw material segment over the forecast period due to cheap and abundant availability.
 
Within this market, industrial, food and beverage, biodegradable plastics, pharmaceutical, personal care and cosmetics, and others are the major application of lactic acid.  Food and beverage is expected to be the largest segment over the forecast period due to broad spectrum of applicability in the food industry.
 
Asia Pacific is expected to be the fastest growing region over the forecast period due to rise in the application as the food additive, increased demand in meat and other foods applications of lactic acid, availability of raw materials, innovation in technology, and strong support of big manufacturing companies in the region.
 
 
Features of the Global Lactic Acid Market
 
  • Market Size Estimates: Global lactic acid market size estimation in terms of value ($M) shipment.
  • Trend and Forecast Analysis: Market trends (2014-2019) and forecast (2020-2025) by various segments.
  • Segmentation Analysis: Global lactic acid market size by various segments, such as raw material, source, function and application in terms of value.
  • Regional Analysis: Global lactic acid market breakdown by the North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different raw material, source, function, application, and region for the global lactic acid market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global lactic acid market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
 
This report answers following key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the global lactic acid market by raw matrial (corn, sugarcane, cassava, and others), source (natural and synthetic), function (preservative, ph regulator, antimicrobial agent, flavour, and others), application (industrial, food & beverage, biodegradable plastics, pharmaceutical, personal care & cosmetics, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global lactic acid market?
Q.5 What are the business risks and threats to the global lactic acid market?
Q.6 What are emerging trends in this lactic acid market and the reasons behind them?
Q.7 What are some changing demands of customers in this lactic acid market?
Q.8 What are the new developments in this lactic acid market? Which companies are leading these developments?
Q.9 Who are the major players in this lactic acid market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this lactic acid market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the global lactic acid market?

 
 
Report Scope

Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)		 2014-2019
Forecast Period 2020-2025
Pages More than 150
Market Representation / Units Revenue in US $ Million
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments Raw Matrial (Corn, Sugarcane, Cassava, And Others), Source (Natural And Synthetic), Function (Preservative, Ph Regulator, Antimicrobial Agent, Flavour, And Others), Application (Industrial, Food & Beverage, Biodegradable Plastics, Pharmaceutical, Personal Care & Cosmetics, And Others)

Regional Scope

North America (USA, Canada, and Mexico), Europe (United Kingdom, Germany, France, and Spain), Asia (China, Japan, and India), and ROW (Brazil)
Customization 10% Customization without Any Additional Cost

Table of Contents
 
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecast
3.2: Global Lactic Acid Market Trends and Forecast
3.3: Global Lactic Acid Market by Raw Material
3.3.1: Corn
3.3.2: Sugarcane
3.3.3: Cassava
3.3.4: Others
3.4: Global Lactic Acid Market by Source
3.4.1: Natural
3.4.2: Synthetic
3.5: Global Lactic Acid Market by Function
3.5.1: Preservative 
3.5.2: Ph Regulator 
3.5.3: Antimicrobial Agent 
3.5.4: Flavour 
3.5.5: Others
3.6: Global Lactic Acid Market by Application
3.6.1: Industrial
3.6.2: Food & Beverage
3.6.3: Biodegradable Plastics 
3.6.4: Pharmaceutical
3.6.5: Personal Care & Cosmetics
3.6.6: Others
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Lactic Acid Market by Region
4.2: North American Lactic Acid Market
4.2.1: Market by Raw Material:  Corn, Sugarcane, Cassava, and Others
4.2.2: Market by Source: Natural and Synthetic
4.2.3: Market by Function:  Preservative, Ph Regulator, Antimicrobial Agent, Flavour, And Others
4.2.4: Market by Application: Industrial, Food and Beverage, Biodegradable Plastics, Pharmaceutical, Personal Care & Cosmetics, and Others
4.2.5: The United States Lactic Acid Market
4.2.6: The Canadian Lactic Acid Market
4.2.7: The Mexican Lactic Acid Market
4.3: European Vitamin Market
4.3.1: Market by Raw Material:  Corn, Sugarcane, Cassava, and Others
4.3.2: Market by Source: Natural and Synthetic
4.3.3: Market by Function:  Preservative, Ph Regulator, Antimicrobial Agent, Flavour, And Others
4.3.4: Market by Application: Industrial, Food and Beverage, Biodegradable Plastics, Pharmaceutical, Personal Care & Cosmetics, and Others
4.3.5: The United Kingdom Lactic Acid Market
4.3.6: The German Lactic Acid Market
4.3.7: The French Lactic Acid Market
4.3.8: The Spainsh Lactic Acid Market
4.4: APAC Vitamin Market
4.4.1: Market by Raw Material:  Corn, Sugarcane, Cassava, and Others
4.4.2: Market by Source: Natural and Synthetic
4.4.3: Market by Function:  Preservative, Ph Regulator, Antimicrobial Agent, Flavour, And Others
4.4.4: Market by Application: Industrial, Food and Beverage, Biodegradable Plastics, Pharmaceutical, Personal Care & Cosmetics, and Others
4.4.5: The Chinese Lactic Acid Market
4.4.6: The Japanese Lactic Acid Market
4.4.7: The Indian Lactic Acid Market
4.5: ROW Lactic Acid Market
4.5.1: Market by Raw Material:  Corn, Sugarcane, Cassava, and Others
4.5.2: Market by Source: Natural and Synthetic
4.5.3: Market by Function:  Preservative, Ph Regulator, Antimicrobial Agent, Flavour, And Others
4.5.4: Market by Application: Industrial, Food and Beverage, Biodegradable Plastics, Pharmaceutical, Personal Care & Cosmetics, and Others
4.5.5: Brazilian Lactic Acid Market
 
5. Competitor Analysis
5.1: Market Share Analysis
5.2: Product Portfolio Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Cost Structure Analysis
6.1: Cost of Goods Sold
6.2: SG&A
6.3: EBITDA Margin
 
7. Growth Opportunities and Strategic Analysis
7.1: Growth Opportunity Analysis
7.1.1: Growth Opportunities for the Global Lactic Acid Market by Raw Material
7.1.2: Growth Opportunities for the Global Lactic Acid Market by Source
7.1.3: Growth Opportunities for the Global Lactic Acid Market by Function
7.1.4: Growth Opportunities for the Global Lactic Acid Market by Application
7.1.5: Growth Opportunities for the Global Lactic Acid Market by Region
7.2: Emerging Trends in the Global Lactic Acid Market
7.3: Strategic Analysis
7.3.1: New Product Development
7.3.2: Capacity Expansion of the Global Lactic Acid Market
7.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Lactic Acid  Market
7.3.4: Certification and Licensing
 
8. Company Profiles of Leading Players
8.1: Corbion 
8.2: Henan Jindan 
8.3: Futerro 
8.4: DuPont 
8.5: Cargill 
8.6: Musashino Chemical (China) 
8.7: thyssenkrupp AG 
8.8: Galactic s.a.
8.9: NatureWorks LLC 
8.10: BASF
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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