Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 94 Pages
Report ld: 4219819
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Lactic Acid Market Size(US$)

CAGR 2025-2031
3.1%
Market Size,2031
USD 1,927
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Lactic Acid market size was US$ 1561 million in 2024 and is forecast to a readjusted size of US$ 1927 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031.
Lactic acid (CAS 50-21-5) has a systematic name that is 29-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.
Global lactic acids(CAS 50-21-5) key players include Corbion-Purac, NatureWorks etc.Global top 2 manufacturers hold a share over 54%.
North America and China are the large market with a share both about 34%, followed by Europe with a share about 15 percent.In terms of product, L-lactic acid is the largest segment, with a share over 121%. And in terms of application, the largest application is polylactic acid, followed by food & beverage.
The global Lactic Acid market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Lactic Acid market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2020-2031.
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 and revenue of Lactic Acid in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region.
Chapter 3: Detailed analysis of Lactic Acid manufacturers competitive landscape, sales, revenue, price, 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, 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, price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Region analysis by company, by customer, by Type, by Application, sales, revenue, and price for each segment,
Chapter 7: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Lactic Acid revenue, gross margin, and recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales channels analysis
Chapter 10: 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 11: 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.
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TABLE OF CONTENTS
1 Market Overview
1.1 Lactic Acid Product Scope
1.2 Lactic Acid by Type
1.2.1 Global Lactic Acid Sales by Type (2020 & 2024 & 2031)
1.2.2 Food Grade
1.2.3 Industrial Grade
1.2.4 Pharmaceutical Grade
1.3 Lactic Acid by Application
1.3.1 Global Lactic Acid Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Pharmaceutical
1.3.3 Home & personal Care
1.3.4 Industrial Applications
1.3.5 Food & Beverage
1.3.6 Others
1.4 Global Lactic Acid Market Estimates and Forecasts (2020-2031)
1.4.1 Global Lactic Acid Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Lactic Acid Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Lactic Acid Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Lactic Acid Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Lactic Acid Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Lactic Acid Sales Market Share by Region (2020-2025)
2.2.2 Global Lactic Acid Revenue Market Share by Region (2020-2025)
2.3 Global Lactic Acid Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Lactic Acid Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Lactic Acid Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Lactic Acid Market Size and Prospective (2020-2031)
2.4.2 Europe Lactic Acid Market Size and Prospective (2020-2031)
2.4.3 China Lactic Acid Market Size and Prospective (2020-2031)
2.4.4 Japan Lactic Acid Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Lactic Acid Historic Market Review by Type (2020-2025)
3.1.1 Global Lactic Acid Sales by Type (2020-2025)
3.1.2 Global Lactic Acid Revenue by Type (2020-2025)
3.1.3 Global Lactic Acid Price by Type (2020-2025)
3.2 Global Lactic Acid Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Lactic Acid Sales Forecast by Type (2026-2031)
3.2.2 Global Lactic Acid Revenue Forecast by Type (2026-2031)
3.2.3 Global Lactic Acid Price Forecast by Type (2026-2031)
3.3 Different Types Lactic Acid Representative Players
4 Global Market Size by Application
4.1 Global Lactic Acid Historic Market Review by Application (2020-2025)
4.1.1 Global Lactic Acid Sales by Application (2020-2025)
4.1.2 Global Lactic Acid Revenue by Application (2020-2025)
4.1.3 Global Lactic Acid Price by Application (2020-2025)
4.2 Global Lactic Acid Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Lactic Acid Sales Forecast by Application (2026-2031)
4.2.2 Global Lactic Acid Revenue Forecast by Application (2026-2031)
4.2.3 Global Lactic Acid Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Lactic Acid Application
5 Competition Landscape by Players
5.1 Global Lactic Acid Sales by Players (2020-2025)
5.2 Global Top Lactic Acid Players by Revenue (2020-2025)
5.3 Global Lactic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lactic Acid as of 2024)
5.4 Global Lactic Acid Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Lactic Acid, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Lactic Acid, Product Type & Application
5.7 Global Key Manufacturers of Lactic Acid, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Lactic Acid Sales by Company
6.1.1.1 North America Lactic Acid Sales by Company (2020-2025)
6.1.1.2 North America Lactic Acid Revenue by Company (2020-2025)
6.1.2 North America Lactic Acid Sales Breakdown by Type (2020-2025)
6.1.3 North America Lactic Acid Sales Breakdown by Application (2020-2025)
6.1.4 North America Lactic Acid Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Lactic Acid Sales by Company
6.2.1.1 Europe Lactic Acid Sales by Company (2020-2025)
6.2.1.2 Europe Lactic Acid Revenue by Company (2020-2025)
6.2.2 Europe Lactic Acid Sales Breakdown by Type (2020-2025)
6.2.3 Europe Lactic Acid Sales Breakdown by Application (2020-2025)
6.2.4 Europe Lactic Acid Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Lactic Acid Sales by Company
6.3.1.1 China Lactic Acid Sales by Company (2020-2025)
6.3.1.2 China Lactic Acid Revenue by Company (2020-2025)
6.3.2 China Lactic Acid Sales Breakdown by Type (2020-2025)
6.3.3 China Lactic Acid Sales Breakdown by Application (2020-2025)
6.3.4 China Lactic Acid Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Lactic Acid Sales by Company
6.4.1.1 Japan Lactic Acid Sales by Company (2020-2025)
6.4.1.2 Japan Lactic Acid Revenue by Company (2020-2025)
6.4.2 Japan Lactic Acid Sales Breakdown by Type (2020-2025)
6.4.3 Japan Lactic Acid Sales Breakdown by Application (2020-2025)
6.4.4 Japan Lactic Acid Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Corbion
7.1.1 Corbion Company Information
7.1.2 Corbion Business Overview
7.1.3 Corbion Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Corbion Lactic Acid Products Offered
7.1.5 Corbion Recent Development
7.2 Naturework
7.2.1 Naturework Company Information
7.2.2 Naturework Business Overview
7.2.3 Naturework Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Naturework Lactic Acid Products Offered
7.2.5 Naturework Recent Development
7.3 Galactic
7.3.1 Galactic Company Information
7.3.2 Galactic Business Overview
7.3.3 Galactic Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Galactic Lactic Acid Products Offered
7.3.5 Galactic Recent Development
7.4 Henan Jindan Lactic Acid Technology
7.4.1 Henan Jindan Lactic Acid Technology Company Information
7.4.2 Henan Jindan Lactic Acid Technology Business Overview
7.4.3 Henan Jindan Lactic Acid Technology Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Henan Jindan Lactic Acid Technology Lactic Acid Products Offered
7.4.5 Henan Jindan Lactic Acid Technology Recent Development
7.5 COFCO Biochemical
7.5.1 COFCO Biochemical Company Information
7.5.2 COFCO Biochemical Business Overview
7.5.3 COFCO Biochemical Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.5.4 COFCO Biochemical Lactic Acid Products Offered
7.5.5 COFCO Biochemical Recent Development
7.6 Musashino Chemical
7.6.1 Musashino Chemical Company Information
7.6.2 Musashino Chemical Business Overview
7.6.3 Musashino Chemical Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Musashino Chemical Lactic Acid Products Offered
7.6.5 Musashino Chemical Recent Development
7.7 Yancheng Haijianuo
7.7.1 Yancheng Haijianuo Company Information
7.7.2 Yancheng Haijianuo Business Overview
7.7.3 Yancheng Haijianuo Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Yancheng Haijianuo Lactic Acid Products Offered
7.7.5 Yancheng Haijianuo Recent Development
7.8 Wuhan Sanjiang Space Good Biotech
7.8.1 Wuhan Sanjiang Space Good Biotech Company Information
7.8.2 Wuhan Sanjiang Space Good Biotech Business Overview
7.8.3 Wuhan Sanjiang Space Good Biotech Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Wuhan Sanjiang Space Good Biotech Lactic Acid Products Offered
7.8.5 Wuhan Sanjiang Space Good Biotech Recent Development
7.9 Shanxi Biochemical
7.9.1 Shanxi Biochemical Company Information
7.9.2 Shanxi Biochemical Business Overview
7.9.3 Shanxi Biochemical Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Shanxi Biochemical Lactic Acid Products Offered
7.9.5 Shanxi Biochemical Recent Development
7.10 Jungbunzlauer
7.10.1 Jungbunzlauer Company Information
7.10.2 Jungbunzlauer Business Overview
7.10.3 Jungbunzlauer Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Jungbunzlauer Lactic Acid Products Offered
7.10.5 Jungbunzlauer Recent Development
7.11 Zhengzhou Tianrun
7.11.1 Zhengzhou Tianrun Company Information
7.11.2 Zhengzhou Tianrun Business Overview
7.11.3 Zhengzhou Tianrun Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Zhengzhou Tianrun Lactic Acid Products Offered
7.11.5 Zhengzhou Tianrun Recent Development
7.12 Shangdong Fullsail
7.12.1 Shangdong Fullsail Company Information
7.12.2 Shangdong Fullsail Business Overview
7.12.3 Shangdong Fullsail Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Shangdong Fullsail Lactic Acid Products Offered
7.12.5 Shangdong Fullsail Recent Development
7.13 Tripura Bio Tech Limited
7.13.1 Tripura Bio Tech Limited Company Information
7.13.2 Tripura Bio Tech Limited Business Overview
7.13.3 Tripura Bio Tech Limited Lactic Acid Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Tripura Bio Tech Limited Lactic Acid Products Offered
7.13.5 Tripura Bio Tech Limited Recent Development
8 Lactic Acid Manufacturing Cost Analysis
8.1 Lactic Acid Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Lactic Acid
8.4 Lactic Acid Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Lactic Acid Distributors List
9.3 Lactic Acid Customers
10 Lactic Acid Market Dynamics
10.1 Lactic Acid Industry Trends
10.2 Lactic Acid Market Drivers
10.3 Lactic Acid Market Challenges
10.4 Lactic Acid Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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The global Lactic Acid market was valued at US$ 1604 million in 2025 and is anticipated to reach US$ 1980 million by 2032, at a CAGR of 3.1% from 2026 to 2032.
Published Date: 2026-04-27
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The global Lactic Acid market is projected to grow from US$ 1561 million in 2024 to US$ 1927 million by 2031, at a CAGR of 3.1% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global market for Lactic Acid was valued at US$ 1561 million in the year 2024 and is projected to reach a revised size of US$ 1927 million by 2031, growing at a CAGR of 3.1% during the forecast period.
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The global Lactic Acid market was valued at US$ 1604 million in 2025 and is anticipated to reach US$ 1980 million by 2032, at a CAGR of 3.1% from 2026 to 2032.
Published: 2026-04-27
Pages: 139
The global Lactic Acid market is projected to grow from US$ 1561 million in 2024 to US$ 1927 million by 2031, at a CAGR of 3.1% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Published: 2025-10-26
Pages: 152
The global market for Lactic Acid was estimated to be worth US$ 1561 million in 2024 and is forecast to a readjusted size of US$ 1927 million by 2031 with a CAGR of 3.1% during the forecast period 2025-2031.
Published: 2025-02-24
Pages: 119
The global market for Lactic Acid was valued at US$ 1561 million in the year 2024 and is projected to reach a revised size of US$ 1927 million by 2031, growing at a CAGR of 3.1% during the forecast period.
Published: 2025-02-24
Pages: 101
REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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