Lactic Acid Market Size, Share, Trends, Growth 2032
Lactic Acid Market By Source (Natural and Synthetic) and By End-User (Personal Care, Chemical, Pharmaceutical, Food and Beverage, and Others), And By Region: Global Research Analysis, Latest Industry Insights, Comprehensive Analysis And Forecast 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1358.94 Million | USD 2,820.11 Million | 8.45% | 2023 |
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
- 4.1. Company market share analysis
- 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)
- 5.1. Global Lactic Acid market: Source overview
- 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)
- 6.1. Global Lactic Acid market: End-user overview
- 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)
- 7.1. Global Lactic Acid market: regional overview
- 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
- 8.1. BASF SE
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
FrequentlyAsked Questions
Lactic acid is used extensively in the food business as a preservative, taste ingredient, and pH regulator. It can be found in goods such as yogurt, cheese, pickles, and fermented meals.
The growing environmental concerns and legislative pressure to reduce plastic waste are increasing demand for biodegradable plastics such as polylactic acid (PLA). PLA, which is made from lactic acid, is used for packaging, agricultural films, and disposable tableware.
The global lactic acid market size accrued earnings worth approximately USD 1358.94 Million in 2023 and is predicted to gain revenue of about USD 2,820.11 Million by 2032.
The global lactic acid market is set to record a CAGR of nearly 8.45% over the period from 2024 to 2032
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.
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