Industry: Consumer Goods
Published Date: 2024-04-17
Pages: 163 Pages
Report ld: 2702192
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Lactic Acids Market Size(US$)

CAGR 2024-2030
13.7%
Market Size,2030
USD 3,162.8
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Lactic acid (CAS 50-21-5) has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid.
The global Lactic Acids market size was US$ 1366 million in 2023 and is forecast to a readjusted size of US$ 3162.8 million by 2030 with a CAGR of 13.7% during the forecast period 2024-2030.
Global lactic acids (CAS 50-21-5) key players include Corbion, NatureWorks and Henan Jindan Lactic Acid Technology. Global top 3 manufacturers hold a share over 65%.
China is the largest market, with a share about 40%, followed by North America and Southeast Asia, with the share about 25% and 17%. In terms of product, L-lactic acid is the largest segment, with a share over 85%. And in terms of application, the largest application is polylactic acid, followed by food & beverage.
In terms of sales (consumption) side, this report focuses on the sales of Lactic Acids by regions (Countries), company, by type and by type. from 2019 to 2024 and forecast to 2030.
The global Lactic Acids market is thoroughly, accurately, and comprehensively assessed in the report with a large focus on market dynamics, market competition, regional growth, segmental analysis, and key growth strategies. Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of sales analysis, the authors of the report have provided reliable estimations and calculations for global revenue and sales by type segment of the global Lactic Acids market. These figures have been provided in terms of both revenue and sales for the period 2019-2030. Additionally, the report provides accurate figures for sales by region in terms of revenue as well as volume for the same period.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type and by application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Lactic Acids in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Lactic Acids manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America by company, by type, by application and by country, sales, and revenue for each segment.
Chapter 7: Europe by company, by type, by application and by country, sales, and revenue for each segment.
Chapter 8: China by company, by type and by application, sales, and revenue for each segment.
Chapter 9: APAC (excluding China) by company, by type, by application and by region, sales, and revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by company, by type, by application and by country, sales, and revenue for each segment.
Chapter 11: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Lactic Acids sales, revenue, price, gross margin, and recent development, etc.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Report Overview
1.1 Lactic Acids Definition
1.2 Market by Type
1.2.1 Global Lactic Acids Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 DL-Lactic Acid
1.2.3 D-Lactic Acid
1.2.4 L-Lactic Acid
1.3 Market Segment by Application
1.3.1 Global Lactic Acids Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Food & Beverage
1.3.3 Polylactic Acid
1.3.4 Industrial
1.3.5 Pharmaceutical
1.3.6 Personal Care
1.3.7 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Lactic Acids Sales
2.1 Global Lactic Acids Revenue Estimates and Forecasts 2019-2030
2.2 Global Lactic Acids Revenue by Region: 2019 VS 2023 VS 2030
2.3 Global Lactic Acids Revenue by Region
2.3.1 Global Lactic Acids Revenue by Region (2019-2024)
2.3.2 Global Lactic Acids Revenue by Region (2025-2030)
2.4 Global Lactic Acids Sales Quantity Estimates and Forecasts 2019-2030
2.5 Global Lactic Acids Sales Quantity by Region: 2019 VS 2023 VS 2030
2.6 Global Lactic Acids Sales Quantity by Region
2.6.1 Global Lactic Acids Sales Quantity by Region (2019-2024)
2.6.2 Global Lactic Acids Sales Quantity by Region (2025-2030)
2.7 North America
2.8 Europe
2.9 China
2.10 APAC (excluding China)
2.11 Middle East, Africa and Latin America
3 Competition by Manufacturers
3.1 Global Lactic Acids Sales Quantity by Manufacturers
3.1.1 Global Lactic Acids Sales Quantity by Manufacturers (2019-2024)
3.1.2 Global Lactic Acids Sales Quantity Share by Manufacturers (2019-2024)
3.1.3 Global Top 10 and Top 5 Companies by Lactic Acids Sales in 2023
3.2 Global Lactic Acids Revenue by Manufacturers
3.2.1 Global Lactic Acids Revenue by Manufacturers (2019-2024)
3.2.2 Global Lactic Acids Revenue Share by Manufacturers (2019-2024)
3.2.3 Global Top 10 and Top 5 Companies by Lactic Acids Revenue in 2023
3.3 Global Lactic Acids Sales Price by Manufacturers
3.4 Global Key Players of Lactic Acids, Industry Ranking, 2022 VS 2023
3.5 Analysis of Competitive Landscape
3.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
3.5.2 Global Lactic Acids Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Key Manufacturers of Lactic Acids, Manufacturing Base Distribution and Headquarters
3.7 Global Key Manufacturers of Lactic Acids, Product Offered and Application
3.8 Global Key Manufacturers of Lactic Acids, Date of Enter into This Industry
3.9 Mergers & Acquisitions, Expansion Plans
4 Estimates and Forecasts by Type
4.1 Global Lactic Acids Sales Quantity by Type
4.1.1 Global Lactic Acids Historical Sales Quantity by Type (2019-2024)
4.1.2 Global Lactic Acids Forecasted Sales Quantity by Type (2025-2030)
4.1.3 Global Lactic Acids Sales Quantity Market Share by Type (2019-2030)
4.2 Global Lactic Acids Revenue by Type
4.2.1 Global Lactic Acids Historical Revenue by Type (2019-2024)
4.2.2 Global Lactic Acids Forecasted Revenue by Type (2025-2030)
4.2.3 Global Lactic Acids Revenue Market Share by Type (2019-2030)
4.3 Global Lactic Acids Price by Type
4.3.1 Global Lactic Acids Price by Type (2019-2024)
4.3.2 Global Lactic Acids Price Forecast by Type (2025-2030)
5 Market Size by Application
5.1 Global Lactic Acids Sales Quantity by Application
5.1.1 Global Lactic Acids Historical Sales Quantity by Application (2019-2024)
5.1.2 Global Lactic Acids Forecasted Sales Quantity by Application (2025-2030)
5.1.3 Global Lactic Acids Sales Quantity Market Share by Application (2019-2030)
5.2 Global Lactic Acids Revenue by Application
5.2.1 Global Lactic Acids Historical Revenue by Application (2019-2024)
5.2.2 Global Lactic Acids Forecasted Revenue by Application (2025-2030)
5.2.3 Global Lactic Acids Revenue Market Share by Application (2019-2030)
5.3 Global Lactic Acids Price by Application
5.3.1 Global Lactic Acids Price by Application (2019-2024)
5.3.2 Global Lactic Acids Price Forecast by Application (2025-2030)
6 North America
6.1 North America Lactic Acids Sales by Company
6.1.1 North America Lactic Acids Revenue by Company (2019-2024)
6.1.2 North America Lactic Acids Sales Quantity by Company (2019-2024)
6.2 North America Lactic Acids Market Size by Type
6.2.1 North America Lactic Acids Sales Quantity by Type (2019-2030)
6.2.2 North America Lactic Acids Revenue by Type (2019-2030)
6.3 North America Lactic Acids Market Size by Application
6.3.1 North America Lactic Acids Sales Quantity by Application (2019-2030)
6.3.2 North America Lactic Acids Revenue by Application (2019-2030)
6.4 North America Lactic Acids Market Size by Country
6.4.1 North America Lactic Acids Revenue by Country: 2019 VS 2023 VS 2030
6.4.2 North America Lactic Acids Revenue by Country (2019-2030)
6.4.3 North America Lactic Acids Sales Quantity by Country (2019-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Lactic Acids Sales by Company
7.1.1 Europe Lactic Acids Sales Quantity by Company (2019-2024)
7.1.2 Europe Lactic Acids Revenue by Company (2019-2024)
7.2 Europe Lactic Acids Market Size by Type
7.2.1 Europe Lactic Acids Sales Quantity by Type (2019-2030)
7.2.2 Europe Lactic Acids Revenue by Type (2019-2030)
7.3 Europe Lactic Acids Market Size by Application
7.3.1 Europe Lactic Acids Sales Quantity by Application (2019-2030)
7.3.2 Europe Lactic Acids Revenue by Application (2019-2030)
7.4 Europe Lactic Acids Market Size by Country
7.4.1 Europe Lactic Acids Revenue by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Lactic Acids Revenue by Country (2019-2030)
7.4.3 Europe Lactic Acids Sales Quantity by Country (2019-2030)
7.4.4 Germany
7.4.5 France
7.4.6 U.K.
7.4.7 Italy
7.4.8 Russia
8 China
8.1 China Lactic Acids Sales by Company
8.1.1 China Lactic Acids Sales Quantity by Company (2019-2024)
8.1.2 China Lactic Acids Revenue by Company (2019-2024)
8.2 China Lactic Acids Market Size by Type
8.2.1 China Lactic Acids Sales Quantity by Type (2019-2030)
8.2.2 China Lactic Acids Revenue by Type (2019-2030)
8.3 China Lactic Acids Market Size by Application
8.3.1 China Lactic Acids Sales Quantity by Application (2019-2030)
8.3.2 China Lactic Acids Revenue by Application (2019-2030)
9 APAC (excluding China)
9.1 APAC Lactic Acids Sales by Company
9.1.1 APAC Lactic Acids Sales Quantity by Company (2019-2024)
9.1.2 APAC Lactic Acids Revenue by Company (2019-2024)
9.2 APAC Lactic Acids Market Size by Type
9.2.1 APAC Lactic Acids Sales Quantity by Type (2019-2030)
9.2.2 APAC Lactic Acids Revenue by Type (2019-2030)
9.3 APAC Lactic Acids Market Size by Application
9.3.1 APAC Lactic Acids Sales Quantity by Application (2019-2030)
9.3.2 APAC Lactic Acids Revenue by Application (2019-2030)
9.4 APAC Lactic Acids Market Size by Region
9.4.1 APAC Lactic Acids Revenue by Region: 2019 VS 2023 VS 2030
9.4.2 APAC Lactic Acids Revenue by Region (2019-2030)
9.4.3 APAC Lactic Acids Sales Quantity by Region (2019-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
10 Middle East, Africa and Latin America
10.1 Middle East, Africa and Latin America Lactic Acids Sales by Company
10.1.1 Middle East, Africa and Latin America Lactic Acids Sales Quantity by Company (2019-2024)
10.1.2 Middle East, Africa and Latin America Lactic Acids Revenue by Company (2019-2024)
10.2 Middle East, Africa and Latin America Lactic Acids Market Size by Type
10.2.1 Middle East, Africa and Latin America Lactic Acids Sales Quantity by Type (2019-2030)
10.2.2 Middle East, Africa and Latin America Lactic Acids Revenue by Type (2019-2030)
10.3 Middle East, Africa and Latin America Lactic Acids Market Size by Application
10.3.1 Middle East, Africa and Latin America Lactic Acids Sales Quantity by Application (2019-2030)
10.3.2 Middle East, Africa and Latin America Lactic Acids Revenue by Application (2019-2030)
10.4 Middle East, Africa and Latin America Lactic Acids Market Size by Country
10.4.1 Middle East, Africa and Latin America Lactic Acids Revenue by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa and Latin America Lactic Acids Revenue by Country (2019-2030)
10.4.3 Middle East, Africa and Latin America Lactic Acids Sales Quantity by Country (2019-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Israel
10.4.8 GCC Countries
11 Company Profiles
11.1 Corbion
11.1.1 Corbion Company Information
11.1.2 Corbion Overview
11.1.3 Corbion Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.1.4 Corbion Lactic Acids Products and Services
11.1.5 Corbion Lactic Acids SWOT Analysis
11.1.6 Corbion Recent Developments
11.2 NatureWorks
11.2.1 NatureWorks Company Information
11.2.2 NatureWorks Overview
11.2.3 NatureWorks Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.2.4 NatureWorks Lactic Acids Products and Services
11.2.5 NatureWorks Lactic Acids SWOT Analysis
11.2.6 NatureWorks Recent Developments
11.3 Henan Jindan Lactic Acid Technology
11.3.1 Henan Jindan Lactic Acid Technology Company Information
11.3.2 Henan Jindan Lactic Acid Technology Overview
11.3.3 Henan Jindan Lactic Acid Technology Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.3.4 Henan Jindan Lactic Acid Technology Lactic Acids Products and Services
11.3.5 Henan Jindan Lactic Acid Technology Lactic Acids SWOT Analysis
11.3.6 Henan Jindan Lactic Acid Technology Recent Developments
11.4 Galactic
11.4.1 Galactic Company Information
11.4.2 Galactic Overview
11.4.3 Galactic Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.4.4 Galactic Lactic Acids Products and Services
11.4.5 Galactic Lactic Acids SWOT Analysis
11.4.6 Galactic Recent Developments
11.5 BBCA Group
11.5.1 BBCA Group Company Information
11.5.2 BBCA Group Overview
11.5.3 BBCA Group Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.5.4 BBCA Group Lactic Acids Products and Services
11.5.5 BBCA Group Lactic Acids SWOT Analysis
11.5.6 BBCA Group Recent Developments
11.6 Jungbunzlauer
11.6.1 Jungbunzlauer Company Information
11.6.2 Jungbunzlauer Overview
11.6.3 Jungbunzlauer Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.6.4 Jungbunzlauer Lactic Acids Products and Services
11.6.5 Jungbunzlauer Lactic Acids SWOT Analysis
11.6.6 Jungbunzlauer Recent Developments
11.7 Shandong Parkson Biotechnology
11.7.1 Shandong Parkson Biotechnology Company Information
11.7.2 Shandong Parkson Biotechnology Overview
11.7.3 Shandong Parkson Biotechnology Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.7.4 Shandong Parkson Biotechnology Lactic Acids Products and Services
11.7.5 Shandong Parkson Biotechnology Lactic Acids SWOT Analysis
11.7.6 Shandong Parkson Biotechnology Recent Developments
11.8 Musashino Chemical
11.8.1 Musashino Chemical Company Information
11.8.2 Musashino Chemical Overview
11.8.3 Musashino Chemical Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.8.4 Musashino Chemical Lactic Acids Products and Services
11.8.5 Musashino Chemical Lactic Acids SWOT Analysis
11.8.6 Musashino Chemical Recent Developments
11.9 Henan Xinghan Biotechnology
11.9.1 Henan Xinghan Biotechnology Company Information
11.9.2 Henan Xinghan Biotechnology Overview
11.9.3 Henan Xinghan Biotechnology Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.9.4 Henan Xinghan Biotechnology Lactic Acids Products and Services
11.9.5 Henan Xinghan Biotechnology Lactic Acids SWOT Analysis
11.9.6 Henan Xinghan Biotechnology Recent Developments
11.10 Wuhan Sanjiang Space Good Biotech
11.10.1 Wuhan Sanjiang Space Good Biotech Company Information
11.10.2 Wuhan Sanjiang Space Good Biotech Overview
11.10.3 Wuhan Sanjiang Space Good Biotech Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.10.4 Wuhan Sanjiang Space Good Biotech Lactic Acids Products and Services
11.10.5 Wuhan Sanjiang Space Good Biotech Lactic Acids SWOT Analysis
11.10.6 Wuhan Sanjiang Space Good Biotech Recent Developments
11.11 Shandong Shouguang Juneng Golden
11.11.1 Shandong Shouguang Juneng Golden Company Information
11.11.2 Shandong Shouguang Juneng Golden Overview
11.11.3 Shandong Shouguang Juneng Golden Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.11.4 Shandong Shouguang Juneng Golden Lactic Acids Products and Services
11.11.5 Shandong Shouguang Juneng Golden Recent Developments
11.12 Shanxi Leda Biochemical
11.12.1 Shanxi Leda Biochemical Company Information
11.12.2 Shanxi Leda Biochemical Overview
11.12.3 Shanxi Leda Biochemical Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.12.4 Shanxi Leda Biochemical Lactic Acids Products and Services
11.12.5 Shanxi Leda Biochemical Recent Developments
11.13 Shangdong Fullsail
11.13.1 Shangdong Fullsail Company Information
11.13.2 Shangdong Fullsail Overview
11.13.3 Shangdong Fullsail Lactic Acids Sales Quantity, Revenue, Average Selling Price (ASP) and Gross Margin (2019-2024)
11.13.4 Shangdong Fullsail Lactic Acids Products and Services
11.13.5 Shangdong Fullsail Recent Developments
12 Value Chain and Sales Channels Analysis
12.1 Lactic Acids Value Chain Analysis
12.2 Lactic Acids Key Raw Materials
12.2.1 Key Raw Materials
12.2.2 Raw Materials Key Suppliers
12.3 Lactic Acids Production Mode & Process
12.4 Lactic Acids Sales and Marketing
12.4.1 Lactic Acids Sales Channels
12.4.2 Lactic Acids Distributors
12.5 Lactic Acids Customers
13 Market Dynamics
13.1 Lactic Acids Industry Trends
13.2 Lactic Acids Market Drivers
13.3 Lactic Acids Market Challenges
13.4 Lactic Acids Market Restraints
14 Key Findings
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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