Request Sample Inquiry
Lactic Acid Market

Lactic Acid Market

Lactic Acid Market - Global Industry Assessment & Forecast

img
Chemicals
Number Of Pages # Pages:

146

Base Year:

2022

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1150

Segments Covered
  • By Source By Source Natural, Synthetic
  • By Application By Application Biodegradable Polymers, Food & Beverages, Pharmaceutical Products, Personal Care Products, Other Applications
  • By Region By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 3.5 Billion
Revenue 2030Revenue 2030: USD 6.23 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 8.6%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
  1. Executive Dashboard
    1. Strategic Imperatives
  2. Premium Insights
    1. Top 3 Trends to Watch
    2. Demand and Supply Trends
    3. Top 3 Strategies Followed by Major Players
    4. Top 3 Predictions by Vantage Market Research
    5. Top Investment Pockets
    6. Insights from Primary Respondents
  3. Global Lactic Acid Market - Segment Analysis
    1. Overview
    2. Global Lactic Acid Market, 2016 - 2028 (USD Million)
    3. Global Lactic Acid Market - by Source
      1. By Natural
      2. By Synthetic
    4. Global Lactic Acid Market - by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. Global Lactic Acid Market - by region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa
    6. Market comparative analysis
  4. North America Lactic Acid Market - Segment Analysis
    1. Overview
    2. North America Lactic Acid Market, 2016 - 2028 (USD Million)
    3. North America Lactic Acid Market, by Source
      1. By Natural
      2. By Synthetic
    4. North America Lactic Acid Market, by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. North America Lactic Acid Market, by Country
      1. U.S.
        1. U.S. Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. U.S. Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      2. Canada
        1. Canada Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Canada Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      3. Mexico
        1. Mexico Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Mexico Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
  5. Europe Lactic Acid Market - Segment Analysis
    1. Overview
    2. Europe Lactic Acid Market, 2016 - 2028 (USD Million)
    3. Europe Lactic Acid Market, by Source
      1. By Natural
      2. By Synthetic
    4. Europe Lactic Acid Market, by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. Europe Lactic Acid Market, by Country
      1. Germany
        1. Germany Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Germany Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      2. UK
        1. UK Market, By Source
          1. By Natural
          2. By Synthetic
        2. UK Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      3. France
        1. France Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. France Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      4. Spain
        1. Spain Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Spain Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      5. Italy
        1. Italy Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Italy Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      6. BENELUX
        1. BENELUX Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. BENELUX Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      7. Rest of Europe
        1. Rest Of Europe Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Rest Of Europe Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
  6. Asia Pacific Lactic Acid Market - Segment Analysis
    1. Overview
    2. Asia Pacific Lactic Acid Market, 2016 - 2028 (USD Million)
    3. Asia Pacific Lactic Acid Market, by Source
      1. By Natural
      2. By Synthetic
    4. Asia Pacific Lactic Acid Market, by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. Asia Pacific Lactic Acid Market, by Country
      1. China
        1. China Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. China Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      2. Japan
        1. Japan Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Japan Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      3. India
        1. India Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. India Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      4. South Korea
        1. South Korea Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. South Korea Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      5. South East Asia
        1. South East Asia Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. South East Asia Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      6. Rest of Asia Pacific
        1. Rest of Asia Pacific Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Rest of Asia Pacific Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
  7. Latin America Lactic Acid Market - Segment Analysis
    1. Overview
    2. Latin America Lactic Acid Market, 2016 - 2028 (USD Million)
    3. Latin America Lactic Acid Market, by Source
      1. By Natural
      2. By Synthetic
    4. Latin America Lactic Acid Market, by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. Latin America Lactic Acid Market, by Country
      1. Brazil
        1. Brazil Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Brazil Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      2. Argentina
        1. Argentina Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Argentina Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      3. Rest of Latin America
        1. Rest of Latin America Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Rest of Latin America Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
  8. Middle East & Africa Lactic Acid Market - Segment Analysis
    1. Overview
    2. Middle East & Africa Lactic Acid Market, 2016 - 2028 (USD Million)
    3. Middle East & Africa Lactic Acid Market, by Source
      1. By Natural
      2. By Synthetic
    4. Middle East & Africa Lactic Acid Market, by Application
      1. By Biodegradable Polymers
      2. By Food & Beverages
      3. By Pharmaceutical Products
      4. By Personal Care Products
      5. By Other Applications
    5. Middle East & Africa Lactic Acid Market, by Country
      1. GCC Countries
        1. GCC Countries Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. GCC Countries Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      2. South Africa
        1. South Africa Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. South Africa Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
      3. Rest of Middle East & Africa
        1. Rest of Middle East & Africa Lactic Acid Market, By Source
          1. By Natural
          2. By Synthetic
        2. Rest of Middle East & Africa Lactic Acid Market, By Application
          1. By Biodegradable Polymers
          2. By Food & Beverages
          3. By Pharmaceutical Products
          4. By Personal Care Products
          5. By Other Applications
  9. Key Market Dynamics
    1. Introduction
    2. Market Drivers
    3. Market Restraints
    4. Market Opportunities
    5. Porter's Five Forces Analysis
    6. PEST Analysis
    7. Regulatory Landscape
    8. Technology Landscape
    9. Regional Market Trends
  10. COVID 19 Impact Analysis
    1. Key strategies undertaken by companies to tackle COVID-19
    2. Short term dynamics
    3. Long term dynamics
  11. Marketing Stratagy Analysis
    1. Marketing Channel
    2. Direct Marketing
    3. Indirect Marketing
    4. Marketing Channel Development Trends
  12. Competative Landscape
    1. Competition Matrix - 2021
    2. Company Market Share Analysis - 2021
    3. Key Company Activities, 2018 - 2021
    4. Strategic Developments - Heat Map Analysis
    5. Company Offering Evaluation
    6. Company Regional Presence Evaluation
  13. Company Profiles
    1. Futerro Group (Belgium)
    2. BASF SE (Germany)
    3. Galactic (Belgium)
    4. Henan Jindan Lactic Acid Technology Co. Ltd. (China)
    5. Musashino Chemical Co. Ltd. (China)
    6. Corbion (Netherlands)
    7. Thyssenkrupp AG (Germany)
    8. The Dow Chemical Company (U.S.)
    9. Cellulac (UK)
    10. Jungbunzlauer Suisse AG (Switzerland)
    11. Vaishnavi Bio Tech. (India)
    12. TEIJIN Ltd. (Japan)
    13. Danimer Scientific (U.S.)
    14. NatureWorks LLC (U.S.)
  14. Key Primary Respondents - VERBATIM
  15. Discussion Guide
  16. Customization Offered
  17. Annexure
  18. List of Figures
  19. List of Tables
  20. List of Abbreviations
Vantage Market Research | 26-Jun-2023
Lactic Acid Market to Reach Valuation of USD 6.23 Billion by 2030 – Increasing Demand for Biodegradable Plastics Drives the Market
FAQ
Frequently Asked Question

  • The global Lactic Acid valued at USD 3.5 Billion in 2022 and is expected to reach USD 6.23 Billion in 2030 growing at a CAGR of 8.6%.

  • The prominent players in the market are Futerro Group (Belgium), BASF SE (Germany), Galactic (Belgium), Henan Jindan Lactic Acid Technology Co. Ltd. (China), Musashino Chemical Co. Ltd. (China), Corbion (Netherlands), Thyssenkrupp AG (Germany), The Dow Chemical Company (U.S.), Cellulac (UK), Jungbunzlauer Suisse AG (Switzerland), Vaishnavi Bio Tech. (India), TEIJIN Ltd. (Japan), Danimer Scientific (U.S.), NatureWorks LLC (U.S.).

  • The market is project to grow at a CAGR of 8.6% between 2023 and 2030.

  • The driving factors of the Lactic Acid include

    • Growing Demand for Lactic Acid in Biodegradable Polymers Application

  • North America was the leading regional segment of the Lactic Acid in 2022.

Related Reports
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies Privacy Policy