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Lactic Acid Market 2024-2028

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    Report

  • 156 Pages
  • February 2024
  • Region: Global
  • TechNavio
  • ID: 5944030
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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.

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
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.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Source
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global lactic acid market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global lactic acid market 2018 - 2022 ($ billion)
4.2 Form Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Form Segment 2018 - 2022 ($ billion)
4.3 Source Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Source Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type - Market share 2023-2028 (%)
Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Dry - Market size and forecast 2023-2028
Exhibit 34: Chart on Dry - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Dry - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Dry - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Dry - Year-over-year growth 2023-2028 (%)
6.4 Liquid - Market size and forecast 2023-2028
Exhibit 38: Chart on Liquid - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Liquid - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Liquid - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Liquid - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ billion)
Exhibit 43: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Source
7.1 Market segments
Exhibit 44: Chart on Source - Market share 2023-2028 (%)
Exhibit 45: Data Table on Source - Market share 2023-2028 (%)
7.2 Comparison by Source
Exhibit 46: Chart on Comparison by Source
Exhibit 47: Data Table on Comparison by Source
7.3 Sugar cane - Market size and forecast 2023-2028
Exhibit 48: Chart on Sugar cane - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on Sugar cane - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on Sugar cane - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Sugar cane - Year-over-year growth 2023-2028 (%)
7.4 Corn - Market size and forecast 2023-2028
Exhibit 52: Chart on Corn - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Corn - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Corn - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Corn - Year-over-year growth 2023-2028 (%)
7.5 Cassava - Market size and forecast 2023-2028
Exhibit 56: Chart on Cassava - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Cassava - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Cassava - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Cassava - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Source
Exhibit 64: Market opportunity by Source ($ billion)
Exhibit 65: Data Table on Market opportunity by Source ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ billion)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 BASF SE
Exhibit 119: BASF SE - Overview
Exhibit 120: BASF SE - Business segments
Exhibit 121: BASF SE - Key news
Exhibit 122: BASF SE - Key offerings
Exhibit 123: BASF SE - Segment focus
12.4 Cargill Inc.
Exhibit 124: Cargill Inc. - Overview
Exhibit 125: Cargill Inc. - Product/Service
Exhibit 126: Cargill Inc. - Key news
Exhibit 127: Cargill Inc. - Key offerings
12.5 Corbion nv
Exhibit 128: Corbion nv - Overview
Exhibit 129: Corbion nv - Business segments
Exhibit 130: Corbion nv - Key offerings
Exhibit 131: Corbion nv - Segment focus
12.6 DuPont de Nemours Inc.
Exhibit 132: DuPont de Nemours Inc. - Overview
Exhibit 133: DuPont de Nemours Inc. - Business segments
Exhibit 134: DuPont de Nemours Inc. - Key news
Exhibit 135: DuPont de Nemours Inc. - Key offerings
Exhibit 136: DuPont de Nemours Inc. - Segment focus
12.7 Galactic
Exhibit 137: Galactic - Overview
Exhibit 138: Galactic - Product/Service
Exhibit 139: Galactic - Key offerings
12.8 Henan Jindan lactic acid Technology Co. Ltd.
Exhibit 140: Henan Jindan lactic acid Technology Co. Ltd. - Overview
Exhibit 141: Henan Jindan lactic acid Technology Co. Ltd. - Product/Service
Exhibit 142: Henan Jindan lactic acid Technology Co. Ltd. - Key offerings
12.9 JIAAN BIOTECH
Exhibit 143: JIAAN BIOTECH - Overview
Exhibit 144: JIAAN BIOTECH - Product/Service
Exhibit 145: JIAAN BIOTECH - Key offerings
12.10 Jungbunzlauer Suisse AG
Exhibit 146: Jungbunzlauer Suisse AG - Overview
Exhibit 147: Jungbunzlauer Suisse AG - Product/Service
Exhibit 148: Jungbunzlauer Suisse AG - Key offerings
12.11 Musashino Chemical Laboratory Ltd.
Exhibit 149: Musashino Chemical Laboratory Ltd. - Overview
Exhibit 150: Musashino Chemical Laboratory Ltd. - Product/Service
Exhibit 151: Musashino Chemical Laboratory Ltd. - Key offerings
12.12 Syconium Lactic Acid GmbH
Exhibit 152: Syconium Lactic Acid GmbH - Overview
Exhibit 153: Syconium Lactic Acid GmbH - Product/Service
Exhibit 154: Syconium Lactic Acid GmbH - Key offerings
12.13 Teijin Ltd.
Exhibit 155: Teijin Ltd. - Overview
Exhibit 156: Teijin Ltd. - Business segments
Exhibit 157: Teijin Ltd. - Key offerings
Exhibit 158: Teijin Ltd. - Segment focus
12.14 thyssenkrupp AG
Exhibit 159: thyssenkrupp AG - Overview
Exhibit 160: thyssenkrupp AG - Business segments
Exhibit 161: thyssenkrupp AG - Key offerings
Exhibit 162: thyssenkrupp AG - Segment focus
12.15 Vaishnavi Bio Tech International Ltd.
Exhibit 163: Vaishnavi Bio Tech International Ltd. - Overview
Exhibit 164: Vaishnavi Bio Tech International Ltd. - Product/Service
Exhibit 165: Vaishnavi Bio Tech International Ltd. - Key offerings
12.16 Vishnupriya Chemicals Pvt. Ltd.
Exhibit 166: Vishnupriya Chemicals Pvt. Ltd. - Overview
Exhibit 167: Vishnupriya Chemicals Pvt. Ltd. - Product/Service
Exhibit 168: Vishnupriya Chemicals Pvt. Ltd. - Key offerings
12.17 Zhejiang NetSun Co. Ltd.
Exhibit 169: Zhejiang NetSun Co. Ltd. - Overview
Exhibit 170: Zhejiang NetSun Co. Ltd. - Product/Service
Exhibit 171: Zhejiang NetSun Co. Ltd. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 172: Inclusions checklist
Exhibit 173: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 174: Currency conversion rates for US$
13.4 Research methodology
Exhibit 175: Research methodology
Exhibit 176: Validation techniques employed for market sizing
Exhibit 177: Information sources
13.5 List of abbreviations
Exhibit 178: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Market Segmentation by Source
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Historic Market Size - Data Table on global lactic acid market 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Form Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Source Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Type - Market share 2023-2028 (%)
Exhibits 31: Data Table on Type - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Type
Exhibits 33: Data Table on Comparison by Type
Exhibits 34: Chart on Dry - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Data Table on Dry - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Chart on Dry - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Dry - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Liquid - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Data Table on Liquid - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Chart on Liquid - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Liquid - Year-over-year growth 2023-2028 (%)
Exhibits 42: Market opportunity by Type ($ billion)
Exhibits 43: Data Table on Market opportunity by Type ($ billion)
Exhibits 44: Chart on Source - Market share 2023-2028 (%)
Exhibits 45: Data Table on Source - Market share 2023-2028 (%)
Exhibits 46: Chart on Comparison by Source
Exhibits 47: Data Table on Comparison by Source
Exhibits 48: Chart on Sugar cane - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Data Table on Sugar cane - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Chart on Sugar cane - Year-over-year growth 2023-2028 (%)
Exhibits 51: Data Table on Sugar cane - Year-over-year growth 2023-2028 (%)
Exhibits 52: Chart on Corn - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Data Table on Corn - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Chart on Corn - Year-over-year growth 2023-2028 (%)
Exhibits 55: Data Table on Corn - Year-over-year growth 2023-2028 (%)
Exhibits 56: Chart on Cassava - Market size and forecast 2023-2028 ($ billion)
Exhibits 57: Data Table on Cassava - Market size and forecast 2023-2028 ($ billion)
Exhibits 58: Chart on Cassava - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on Cassava - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibits 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 64: Market opportunity by Source ($ billion)
Exhibits 65: Data Table on Market opportunity by Source ($ billion)
Exhibits 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 69: Chart on Geographic comparison
Exhibits 70: Data Table on Geographic comparison
Exhibits 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibits 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibits 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibits 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibits 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 94: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibits 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 98: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 99: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 100: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibits 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 103: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 104: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibits 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibits 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 111: Market opportunity By Geographical Landscape ($ billion)
Exhibits 112: Data Tables on Market opportunity By Geographical Landscape ($ billion)
Exhibits 113: Impact of drivers and challenges in 2023 and 2028
Exhibits 114: Overview on Criticality of inputs and Factors of differentiation
Exhibits 115: Overview on factors of disruption
Exhibits 116: Impact of key risks on business
Exhibits 117: Vendors covered
Exhibits 118: Matrix on vendor position and classification
Exhibits 119: BASF SE - Overview
Exhibits 120: BASF SE - Business segments
Exhibits 121: BASF SE - Key news
Exhibits 122: BASF SE - Key offerings
Exhibits 123: BASF SE - Segment focus
Exhibits 124: Cargill Inc. - Overview
Exhibits 125: Cargill Inc. - Product/Service
Exhibits 126: Cargill Inc. - Key news
Exhibits 127: Cargill Inc. - Key offerings
Exhibits 128: Corbion nv - Overview
Exhibits 129: Corbion nv - Business segments
Exhibits 130: Corbion nv - Key offerings
Exhibits 131: Corbion nv - Segment focus
Exhibits 132: DuPont de Nemours Inc. - Overview
Exhibits 133: DuPont de Nemours Inc. - Business segments
Exhibits 134: DuPont de Nemours Inc. - Key news
Exhibits 135: DuPont de Nemours Inc. - Key offerings
Exhibits 136: DuPont de Nemours Inc. - Segment focus
Exhibits 137: Galactic - Overview
Exhibits 138: Galactic - Product/Service
Exhibits 139: Galactic - Key offerings
Exhibits 140: Henan Jindan lactic acid Technology Co. Ltd. - Overview
Exhibits 141: Henan Jindan lactic acid Technology Co. Ltd. - Product/Service
Exhibits 142: Henan Jindan lactic acid Technology Co. Ltd. - Key offerings
Exhibits 143: JIAAN BIOTECH - Overview
Exhibits 144: JIAAN BIOTECH - Product/Service
Exhibits 145: JIAAN BIOTECH - Key offerings
Exhibits 146: Jungbunzlauer Suisse AG - Overview
Exhibits 147: Jungbunzlauer Suisse AG - Product/Service
Exhibits 148: Jungbunzlauer Suisse AG - Key offerings
Exhibits 149: Musashino Chemical Laboratory Ltd. - Overview
Exhibits 150: Musashino Chemical Laboratory Ltd. - Product/Service
Exhibits 151: Musashino Chemical Laboratory Ltd. - Key offerings
Exhibits 152: Syconium Lactic Acid GmbH - Overview
Exhibits 153: Syconium Lactic Acid GmbH - Product/Service
Exhibits 154: Syconium Lactic Acid GmbH - Key offerings
Exhibits 155: Teijin Ltd. - Overview
Exhibits 156: Teijin Ltd. - Business segments
Exhibits 157: Teijin Ltd. - Key offerings
Exhibits 158: Teijin Ltd. - Segment focus
Exhibits 159: thyssenkrupp AG - Overview
Exhibits 160: thyssenkrupp AG - Business segments
Exhibits 161: thyssenkrupp AG - Key offerings
Exhibits 162: thyssenkrupp AG - Segment focus
Exhibits 163: Vaishnavi Bio Tech International Ltd. - Overview
Exhibits 164: Vaishnavi Bio Tech International Ltd. - Product/Service
Exhibits 165: Vaishnavi Bio Tech International Ltd. - Key offerings
Exhibits 166: Vishnupriya Chemicals Pvt. Ltd. - Overview
Exhibits 167: Vishnupriya Chemicals Pvt. Ltd. - Product/Service
Exhibits 168: Vishnupriya Chemicals Pvt. Ltd. - Key offerings
Exhibits 169: Zhejiang NetSun Co. Ltd. - Overview
Exhibits 170: Zhejiang NetSun Co. Ltd. - Product/Service
Exhibits 171: Zhejiang NetSun Co. Ltd. - Key offerings
Exhibits 172: Inclusions checklist
Exhibits 173: Exclusions checklist
Exhibits 174: Currency conversion rates for US$
Exhibits 175: Research methodology
Exhibits 176: Validation techniques employed for market sizing
Exhibits 177: Information sources
Exhibits 178: List of abbreviations

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.