Lactic Acid Market - Global Industry Analysis

Lactic Acid Market by Source (Natural and Synthetic) and by End-User (Personal Care, Chemical, Pharmaceutical, Food and Beverage, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025

Published Date: 01-Feb-2019 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1715 Status : Published

Global lactic acid market is expected to generate around USD 10.06 billion by 2025, at a CAGR of around 19.43% between 2019 and 2025. The global lactic acid market is likely to be driven by growing product usage in the end-user industries, such as food, chemical, cosmetics, and pharmaceuticals, in the years ahead.

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Description

Lactic Acid Market: Overview

The report covers a forecast and an analysis of the lactic acid market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion) and volume (Tons). The study includes drivers and restraints of the Lactic Acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Lactic Acid market on a global level.

In order to give the users of this report a comprehensive view of the Lactic Acid market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Lactic Acid Market

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to regions.

The study provides a decisive view of the Lactic Acid market by segmenting the market based on source, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Some key industry players in the global lactic acid market include BASF SE, CSM N.V., The Dow Chemical Company, Teijin Ltd., NatureWorks LLC, Corbion Purac, Jungbunzlauer AG, Musashino Chemical Laboratory, Ltd., Galactic S.A., and Henan Jindan Lactic Acid Co., Ltd., among others.

This report segments the global lactic acid market into:

Global Lactic Acid Market: Source Analysis

Natural
Synthetic

Global Lactic Acid Market: End-User Analysis

Personal Care
Chemical
Pharmaceutical
Food and Beverage
Others

Global Lactic Acid Market: Regional Analysis

North America
- The U.S.
Europe
- UK
- France
- Germany
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
The Middle East and Africa

Table Of Content

Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global Lactic Acid market, 2016 - 2025 (USD Billion) (Tons)
- 2.2. Global Lactic Acid market: snapshot
Chapter 3. Lactic Acid Market - Industry Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
  - 3.2.1. Global Lactic Acid market drivers: impact analysis
  - 3.2.2. Increasing demand by end-use industries
- 3.3. Market Restraints
  - 3.3.1. Global Lactic Acid market restraints: impact analysis
  - 3.3.2. Volatility in the raw material prices
- 3.4. Opportunities
  - 3.4.1. Growing demand in food & beverage industry
- 3.5. Porter's Five Forces Analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis, by Source
  - 3.6.2. Market attractiveness analysis, by End-user
  - 3.6.3. Market attractiveness analysis, by Region
Chapter 4. Global Lactic Acid Market - Competitive Landscape
- 4.1. Company market share analysis
  - 4.1.1. Global Lactic Acid market: company market share, 2018
- 4.2. Strategic development
  - 4.2.1. Acquisitions & mergers
  - 4.2.2. New product launch
  - 4.2.3. Agreements, partnerships, collaborations, and joint ventures
  - 4.2.4. Research and development and regional expansion
Chapter 5. Global Lactic Acid Market - Source Analysis
- 5.1. Global Lactic Acid market: Source overview
  - 5.1.1. Global Lactic Acid market revenue & volume share, by Source, 2018 and 2025
- 5.2. Natural
  - 5.2.1. Global Lactic Acid market for Natural, 2016 - 2025(USD Billion) (Tons)
- 5.3. Synthetic
  - 5.3.1. Global Lactic Acid market for Synthetic, 2016 - 2025(USD Billion) (Tons)
Chapter 6. Global Lactic Acid Market - End-user Analysis
- 6.1. Global Lactic Acid market: End-user overview
  - 6.1.1. Global Lactic Acid market revenue & volume share, by End-user, 2018 and 2025
- 6.2. Personal Care
  - 6.2.1. Global Lactic Acid market for Personal Care, 2016 - 2025(USD Billion) (Tons)
- 6.3. Chemical
  - 6.3.1. Global Lactic Acid market for Chemical, 2016 - 2025(USD Billion) (Tons)
- 6.4. Pharmaceutical
  - 6.4.1. Global Lactic Acid market for Pharmaceutical, 2016 - 2025(USD Billion) (Tons)
- 6.5. Food & Beverage
  - 6.5.1. Global Lactic Acid market for Food & Beverage, 2016 - 2025 (USD Billion) (Tons)
- 6.6. Others
  - 6.6.1. Global Lactic Acid market for Others, 2016 - 2025 (USD Billion) (Tons)
Chapter 7. Global Lactic Acid Market - Regional Analysis
- 7.1. Global Lactic Acid market: regional overview
  - 7.1.1. Global Lactic Acid market revenue & volume share, by region, 2018 and 2025
- 7.2. North America
  - 7.2.1. North America Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
  - 7.2.2. North America Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.2.3. The U.S.
    - 7.2.3.1. The U.S. Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.2.3.2. The U.S. Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.2.4. Rest of North America
    - 7.2.4.1. Rest of North America Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.2.4.2. Rest of North America Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
- 7.3. Europe
  - 7.3.1. Europe Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
  - 7.3.2. Europe Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.3.3. UK
    - 7.3.3.1. UK Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.3.3.2. UK Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion)(Tons)
  - 7.3.4. Germany
    - 7.3.4.1. Germany Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.3.4.2. Germany Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion)(Tons)
  - 7.3.5. France
    - 7.3.5.1. France Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.3.5.2. France Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.3.6. Rest of Europe
    - 7.3.6.1. Rest of Europe Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.3.6.2. Rest of Europe Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
- 7.4. Asia Pacific
  - 7.4.1. Asia Pacific Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
  - 7.4.2. Asia Pacific Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.4.3. China
    - 7.4.3.1. China Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.4.3.2. China Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.4.4. Japan
    - 7.4.4.1. Japan Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.4.4.2. Japan Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.4.5. India
    - 7.4.5.1. India Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.4.5.2. India Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.4.6. Rest of Asia Pacific
    - 7.4.6.1. Rest of Asia Pacific Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.4.6.2. Rest of Asia Pacific Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
- 7.5. Latin America
  - 7.5.1. Latin America Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
  - 7.5.2. Latin America Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
  - 7.5.3. Brazil
    - 7.5.3.1. Brazil Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.5.3.2. Brazil Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion)(Tons)
  - 7.5.4. Rest of Latin America
    - 7.5.4.1. Rest of Latin America Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
    - 7.5.4.2. Rest of Latin America Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
- 7.6. The Middle East and Africa
  - 7.6.1. The Middle East and Africa Lactic Acid market revenue & volume, by Source, 2016 - 2025(USD Billion) (Tons)
  - 7.6.2. The Middle East and Africa Lactic Acid market revenue & volume, by End-user, 2016 - 2025(USD Billion) (Tons)
Chapter 8. Company Profile
- 8.1. BASF SE
  - 8.1.1. Overview
  - 8.1.2. Financials
  - 8.1.3. Product portfolio
  - 8.1.4. Business strategy
  - 8.1.5. Recent developments
- 8.2. CSM N.V
  - 8.2.1. Overview
  - 8.2.2. Financials
  - 8.2.3. Product portfolio
  - 8.2.4. Business strategy
  - 8.2.5. Recent developments
- 8.3. The Dow Chemical Company
  - 8.3.1. Overview
  - 8.3.2. Financials
  - 8.3.3. Product portfolio
  - 8.3.4. Business strategy
  - 8.3.5. Recent developments
- 8.4. Teijin Ltd.
  - 8.4.1. Overview
  - 8.4.2. Financials
  - 8.4.3. Product portfolio
  - 8.4.4. Business strategy
  - 8.4.5. Recent developments
- 8.5. NatureWorks LLC
  - 8.5.1. Overview
  - 8.5.2. Financials
  - 8.5.3. Product portfolio
  - 8.5.4. Business strategy
  - 8.5.5. Recent developments
- 8.6. CorbionPurac
  - 8.6.1. Overview
  - 8.6.2. Financials
  - 8.6.3. Product portfolio
  - 8.6.4. Business strategy
  - 8.6.5. Recent developments
- 8.7. Jungbunzlauer AG
  - 8.7.1. Overview
  - 8.7.2. Financials
  - 8.7.3. Product portfolio
  - 8.7.4. Business strategy
  - 8.7.5. Recent developments
- 8.8. Musashino Chemical Laboratory, Ltd.
  - 8.8.1. Overview
  - 8.8.2. Financials
  - 8.8.3. Product portfolio
  - 8.8.4. Business strategy
  - 8.8.5. Recent developments
- 8.9. Galactic S.A.
  - 8.9.1. Overview
  - 8.9.2. Financials
  - 8.9.3. Product portfolio
  - 8.9.4. Business strategy
  - 8.9.5. Recent developments
- 8.10. Henan Jindan Lactic Acid Co., Ltd.
  - 8.10.1. Overview
  - 8.10.2. Financials
  - 8.10.3. Product portfolio
  - 8.10.4. Business strategy
  - 8.10.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global Lactic Acid market revenue & volume, 2016 – 2025(USD Billion) (Tons)
4. Porter’s Five Forces Analysis
5. Lactic Acid market attractiveness analysis, by Source
6. Lactic Acid market attractiveness analysis, by End-user
7. Lactic Acid market: market attractiveness analysis, by region
8. Company market share analysis, 2017
9. Global Lactic Acid market revenue & volume share by Source, 2018 and 2025
10. Global Lactic Acid market for Natural, 2016 – 2025(USD Billion)(Tons)
11. Global Lactic Acid market for Synthetic, 2016 – 2025(USD Billion) (Tons)
12. Global Lactic Acid market revenue & volume share by End-user, 2018 and 2025
13. Global Lactic Acid market for Personal Care, 2016 – 2025(USD Billion) (Tons)
14. Global Lactic Acid market for Chemical, 2016 – 2025(USD Billion) (Tons)
15. Global Lactic Acid market for Pharmaceutical, 2016 – 2025(USD Billion) (Tons)
16. Global Lactic Acid market for Food & Beverage, 2016 – 2025(USD Billion) (Tons)
17. Global Lactic Acid market for Others, 2016 – 2025 (USD Billion) (Tons)

Table Of Tables

List of Tables

1. Lactic Acid market: market snapshot
2. Drivers of global Lactic Acid market: impact analysis
3. Restraints of global Lactic Acid market: impact analysis
4. North America Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
5. North America Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
6. The U.S. Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
7. The U.S. Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
8. Europe Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
9. Europe Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
10. UK Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
11. UK Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
12. Germany Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
13. Germany Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
14. France Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
15. France Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
16. Asia Pacific Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
17. Asia Pacific Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
18. China Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
19. China Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion)(Tons)
20. Japan Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
21. Japan Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion)(Tons)
22. India Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
23. India Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion)(Tons)
24. Latin America Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
25. Latin America Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
26. Brazil Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion) (Tons)
27. Brazil Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion) (Tons)
28. The Middle East and Africa Lactic Acid market revenue & volume, by Source, 2016 – 2025(USD Billion)
29. The Middle East and Africa Lactic Acid market revenue & volume, by End-user, 2016 – 2025(USD Billion)

Methodology

Free Analysis

Lactic acid is an organic chemical compound that is white in color in its solid state and soluble in water. Lactic acid in its liquid state is completely colorless. It can be produced both naturally and synthetically and is classified as an alpha-hydroxy acid (AHA) and plays a crucial role in several biochemical processes. Lactic acid is generally found in hydroxyl-carboxylic acid. Lactic acid is widely utilized in chemical, pharmaceutical, and food industries. Lactic acid is also used as a monomer for the production of polylactic acid, which is bio-degradable in nature.

The global lactic acid market is likely to be driven by growing product usage in the end-user industries, such as food, chemical, cosmetics, and pharmaceuticals, in the years ahead. The high product demand in the food industry as a preservative and antimicrobial agent is the primary growth driver anticipated to stimulate the growth of the lactic acid market globally. Lactic acid prevents the growth of bacteria and other micro-organisms and helps in increasing the shelf life of food items. The increasing manufacturing of lactate ester is likely to positively impact the global lactic acid market in the future. Furthermore, the manufacturers and producers are spending heavily on the R&D to devise cost-effective and efficient production processes of lactic acid. However, the price volatility of raw materials might hamper this global market’s growth over the forecast time period.

Global Lactic Acid Market

The global lactic acid is segmented on the basis of source and end-user. By source, the lactic acid market is bifurcated into natural and synthetic. On the basis of end-user, this global market is categorized into personal care, cosmetics, pharmaceutical, chemical, and food and beverage.

By region, North America held an extensive revenue share in the global lactic acid market in 2018 and is expected to dominate in the upcoming years. The growth of this regional market can be attributed to the rising demand for polylactic acid in the chemical industry. Lactic acid is utilized as a monomer for the production of polylactic acid, which is anticipated to further boost this regional market in the future. Europe is projected to provide significant opportunities in the global lactic acid market over the estimated timeframe, owing to the increasing sales of pharmaceutical medicines due to the rising health consciousness of the regional population. Moreover, the functional properties of lactic acid and favorable government policies regarding the production of lactic acid are likely to positively impact the European lactic acid market over the forecast time period.

Some key industry players of the global lactic acid market include BASF SE, CSM N.V., The Dow Chemical Company, Teijin Ltd., NatureWorks LLC, Corbion Purac, Jungbunzlauer AG, Musashino Chemical Laboratory, Ltd., Galactic S.A., and Henan Jindan Lactic Acid Co., Ltd., among others.