Lucintel anticipates that North America will be the fastest growing region in the lactic acid market

   October 17, 2019
According to a new market report by Lucintel, the future of the lactic acid market looks promising with opportunities in the food and beverage, personal care, pharmaceutical , and biodegradable plastic industries. The lactic acid market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are growth in end use applications, increase in demand for lactic acid-based personal care products, increasing consumer preference for eco-friendly packaging, and rising crude oil prices.

To download report brochure, please go to and click "report brochure" tab from the menu.

In this market, corn, sugarcane, and cassava are the major raw material types of the lactic acid market. Within the lactic acid market, food & beverage, personal care, pharmaceutical, and biodegradable plastics are the major end use industries. Biodegradable plastic is the largest end use segment for lactic acid.

North America will remain the largest market over the forecast period due to extensive demand for bioplastics.

BASF SE, Teijin Ltd, The DowDuPont Chemical Company, Corbion N.V., Meredian Holdings Group, Inc., Natureworks LLC, Henan Jindan Lactic Acid Technology Co. Ltd, Synbra Technology B.V., WEI MON Industry Co., Ltd., and Galactic S.A. are among the major manufacturers of lactic acid

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the lactic acid market by end use industry, raw material, and region. Lucintel has prepared a comprehensive research report entitled "Lactic Acid Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lactic acid market by end use industry, raw material, and region as follows:

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Food and Beverage

  • Personal Care

  • Pharmaceutical

  • Biodegradable Plastics

  • Others

By Raw Material [$M shipment analysis for 2013 – 2024]:

  • Corn

  • Sugarcane

  • Cassava

  • Others

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on