Lactic Acid- Global Market Outlook (2019-2027)

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Lactic Acid- Global Market Outlook (2019-2027)

Global Lactic Acid market is accounted for $1.00 billion in 2019 and is expected to reach $3.15 billion by 2027 growing at a CAGR of 15.8% during the forecast period. The rise in demand for alternative environment-friendly resources, technological advancements to encourage the production of lactic acid & polylactic acid and high demand for lactic acid and polylactic acid in end-user applications are the major factors driving the market growth. However, concern over the quality of lactic acid used in food & beverage products is restraining the market growth.

Lactic acid is a group of acid that is emerging in sour milk and is produced in muscles after a lot of exercises. Lactic acid, also known as hydroxypropionic acid, or 2-hydroxypropanoic acid, an organic compound included in the family of carboxylic acids, available in certain plant juices, and in the muscles and blood of animals, and also in soil. It is the familiar acidic constituent of fermented milk products like sour milk, cheese, and buttermilk.

Based on application, the food & beverages sub-segment accounted for considerable market share during the forecast period owing to the incremented demand from the growing population. This is integrated with the demand for preserved food in which lactic acid is used as a food preservative. This food and beverages are significantly supporting the lactic acid market. Additionally, there is also a noticeable increase in the pharmaceutical sector, and that is also creating a marketplace for the vendors. 

By geography, North America held largest market share during forecast period due to growth of the US market. The North American market is regulated, with the US Environmental Protection Agency (EPA) playing a key role in the monitoring and commercialization of chemical products. In recent times, the rise in environmental concerns and waste management issues has led to a shift in the focus of consumers toward sustainable and environment-friendly plastics, particularly for packaging. Due to these factors, regulatory authorities, such as EPA, are increasingly opting for biodegradable plastics and focusing on increasing consumer awareness regarding the need for the use of biodegradable products.

Some of the key players profiled in the Lactic Acid Market include Musashino Chemical, CargilCofco Biochemical, Corbion, Danimer Scientific, Dupont, Foodchem International, Galactic, Henan Jindan Lactic Acid Technology, Henan Xinghan Biotechnology, Jungbunzlauer, Sulzer, Unitika Ltd, Vaishnavi Bio-Tech, Vigon International company. 

Forms Covered:
• Liquid
• Dry

Applications Covered:
• Lactic acid Application
• Polylactic Acid Applications

Raw Materials Covered:
• Cassava
• Corn
• Sugarcane 

Functions Covered:
• Anti-Forming Agent
• Anti-Microbial Agent
• Emulsifier
• Flavouring Agent
• Mineral Fortification
• pH Regulator
• Preservative

Synthesis Covered:
• Chemical Synthesis
• Microbial Fermentation

Sources Covered:
• Natural
• Synthetic

Product Types Covered:
•  Food Grade
• Industrial Grade
• Pharmaceutical Grade

End Users Covered:
• Automotive
• Biomedical
• Chemical
• Textile

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary                
                 
2 Preface                
 2.1 Abstract               
 2.2 Stake Holders               
 2.3 Research Scope               
 2.4 Research Methodology               
  2.4.1 Data Mining              
  2.4.2 Data Analysis              
  2.4.3 Data Validation              
  2.4.4 Research Approach              
 2.5 Research Sources               
  2.5.1 Primary Research Sources              
  2.5.2 Secondary Research Sources              
  2.5.3 Assumptions              
                 
3 Market Trend Analysis                
 3.1 Introduction               
 3.2 Drivers               
 3.3 Restraints               
 3.4 Opportunities               
 3.5 Threats               
 3.6 Application Analysis               
 3.7 End User Analysis               
 3.8 Emerging Markets               
 3.9 Impact of Covid-19               
                 
4 Porters Five Force Analysis                
 4.1 Bargaining Power of Suppliers               
 4.2 Bargaining Power of Buyers               
 4.3 Threat of Substitutes               
 4.4 Threat of New Entrants               
 4.5 Competitive Rivalry               
                 
5 Global Lactic Acid Market, By Form                
 5.1 Introduction               
 5.2 Liquid               
 5.3 Dry               
                 
6 Global Lactic Acid Market, By Application                
 6.1 Introduction               
 6.2 Lactic acid Application               
  6.2.1 Biodegradable Plastic & Polymers              
  6.2.2 Food & Beverages              
   6.2.2.1 Bakery & Confectionery Products             
   6.2.2.2 Dairy Products             
   6.2.2.3 Fruits and Vegetable (Pickled Vegetables)             
   6.2.2.4 Meat, Poultry, and Fish             
   6.2.2.5 Jams             
   6.2.2.6 Salad Dressing             
   6.2.2.7 Sauces             
   6.2.2.8 Savouries             
   6.2.2.9 Snacks             
  6.2.3 Home & Personal Care              
  6.2.4 Pharmaceutical Products              
  6.2.5 Other Lactic Acid Applications              
   6.2.5.1 Chiral Intermediates             
   6.2.5.2 Cleaning Agents             
   6.2.5.3 Descaling Agents             
   6.2.5.4 Humectants             
   6.2.5.5 Lactate Solvents             
   6.2.5.6 Metal Complexing Agents             
   6.2.5.7 Neutralizers             
 6.3 Polylactic Acid Applications               
  6.3.1 Packaging              
   6.3.1.1 Compost Bags             
   6.3.1.2 Loose-Fill Packaging             
   6.3.1.3 Rigid Packaging             
  6.3.2 Agriculture              
  6.3.3 Electronics & Electrical              
  6.3.4 Fiber & Fabrics              
  6.3.5 Other Polylactic Acid (PLA) Applications              
   6.3.5.1 3D Printings             
   6.3.5.2 Building & Construction             
   6.3.5.3 Coating & Adhesives             
                 
7 Global Lactic Acid Market, By Raw Material                 
 7.1 Introduction               
 7.2 Cassava               
 7.3 Corn               
 7.4 Sugarcane               
                 
8 Global Lactic Acid Market, By Function                
 8.1 Introduction               
 8.2 Anti-Forming Agent               
 8.3 Anti-Microbial Agent               
 8.4 Emulsifier               
 8.5 Flavouring Agent               
 8.6 Mineral Fortification               
 8.7 pH Regulator               
 8.8 Preservative               
                 
9 Global Lactic Acid Market, By Synthesis                
 9.1 Introduction               
 9.2 Chemical Synthesis               
 9.3 Microbial Fermentation               
                 
10 Global Lactic Acid Market, By Source                
 10.1 Introduction               
 10.2 Natural               
  10.2.1 Milk Source              
  10.2.2 Plant Source              
 10.3 Synthetic               
                 
11 Global Lactic Acid Market, By Product Type                
 11.1 Food Grade               
 11.1 Industrial Grade               
 11.1 Pharmaceutical Grade               
                 
12 Global Lactic Acid Market, By End User                
 12.1 Introduction               
 12.2 Automotive               
 12.3 Biomedical               
 12.4 Chemical               
 12.5 Textile               
                 
13 Global Lactic Acid Market, By Geography                
 13.1 Introduction               
 13.2 North America               
  13.2.1 US              
  13.2.2 Canada              
  13.2.3 Mexico              
 13.3 Europe               
  13.3.1 Germany              
  13.3.2 UK              
  13.3.3 Italy              
  13.3.4 France              
  13.3.5 Spain              
  13.3.6 Rest of Europe              
 13.4 Asia Pacific               
  13.4.1 Japan              
  13.4.2 China              
  13.4.3 India              
  13.4.4 Australia              
  13.4.5 New Zealand              
  13.4.6 South Korea              
  13.4.7 Rest of Asia Pacific              
 13.5 South America               
  13.5.1 Argentina              
  13.5.2 Brazil              
  13.5.3 Chile              
  13.5.4 Rest of South America              
 13.6 Middle East & Africa               
  13.6.1 Saudi Arabia              
  13.6.2 UAE              
  13.6.3 Qatar              
  13.6.4 South Africa              
  13.6.5 Rest of Middle East & Africa              
                 
14 Key Developments                
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures               
 14.2 Acquisitions & Mergers               
 14.3 New Product Launch               
 14.4 Expansions               
 14.5 Other Key Strategies               
                 
15 Company Profiling                
 15.1 Musashino Chemical               
 15.2 Cargil               
 15.3 Cofco Biochemical               
 15.4 Corbion               
 15.5 Danimer Scientific               
 15.6 Dupont               
 15.7 Foodchem International               
 15.8 Galactic               
 15.9 Henan Jindan Lactic Acid Technology               
 15.10 Henan Xinghan Biotechnology               
 15.11 Jungbunzlauer               
 15.12 Sulzer               
 15.13 Unitika Ltd               
 15.14 Vaishnavi Bio-Tech               
 15.15 Vigon International               

 

Lactic Acid- Global Market Outlook (2019-2027)

List of Tables                 
Table 1 Global Lactic Acid Market Outlook, By Region (2018-2027) (US $MN)                 
Table 2 Global Lactic Acid Market Outlook, By Form (2018-2027) (US $MN)                 
Table 3 Global Lactic Acid Market Outlook, By Liquid (2018-2027) (US $MN)                 
Table 4 Global Lactic Acid Market Outlook, By Dry (2018-2027) (US $MN)                 
Table 5 Global Lactic Acid Market Outlook, By Application (2018-2027) (US $MN)                 
Table 6 Global Lactic Acid Market Outlook, By Lactic acid Application (2018-2027) (US $MN)                 
Table 7 Global Lactic Acid Market Outlook, By Biodegradable Plastic & Polymers (2018-2027) (US $MN)                 
Table 8 Global Lactic Acid Market Outlook, By Food & Beverages (2018-2027) (US $MN)                 
Table 9 Global Lactic Acid Market Outlook, By Home & Personal Care (2018-2027) (US $MN)                 
Table 10 Global Lactic Acid Market Outlook, By Pharmaceutical Products (2018-2027) (US $MN)                 
Table 11 Global Lactic Acid Market Outlook, By Other Lactic Acid Applications (2018-2027) (US $MN)                 
Table 12 Global Lactic Acid Market Outlook, By Polylactic Acid Applications (2018-2027) (US $MN)                 
Table 13 Global Lactic Acid Market Outlook, By Packaging (2018-2027) (US $MN)                 
Table 14 Global Lactic Acid Market Outlook, By Agriculture (2018-2027) (US $MN)                 
Table 15 Global Lactic Acid Market Outlook, By Electronics & Electrical (2018-2027) (US $MN)                 
Table 16 Global Lactic Acid Market Outlook, By Fiber & Fabrics (2018-2027) (US $MN)                 
Table17 Global Lactic Acid Market Outlook, By Other Polylactic Acid (PLA) Applications (2018-2027) (US $MN)                 
Table 18 Global Lactic Acid Market Outlook, By Raw Material  (2018-2027) (US $MN)                 
Table 19 Global Lactic Acid Market Outlook, By Cassava (2018-2027) (US $MN)                 
Table 20 Global Lactic Acid Market Outlook, By Corn (2018-2027) (US $MN)                 
Table 21 Global Lactic Acid Market Outlook, By Sugarcane (2018-2027) (US $MN)                 
Table 22 Global Lactic Acid Market Outlook, By Function (2018-2027) (US $MN)                 
Table 23 Global Lactic Acid Market Outlook, By Anti-Forming Agent (2018-2027) (US $MN)                 
Table 24 Global Lactic Acid Market Outlook, By Anti-Microbial Agent (2018-2027) (US $MN)                 
Table 25 Global Lactic Acid Market Outlook, By Emulsifier (2018-2027) (US $MN)                 
Table 26 Global Lactic Acid Market Outlook, By Flavouring Agent (2018-2027) (US $MN)                 
Table 27 Global Lactic Acid Market Outlook, By Mineral Fortification (2018-2027) (US $MN)                 
Table 28 Global Lactic Acid Market Outlook, By pH Regulator (2018-2027) (US $MN)                 
Table 29 Global Lactic Acid Market Outlook, By Preservative (2018-2027) (US $MN)                 
Table 30 Global Lactic Acid Market Outlook, By Synthesis (2018-2027) (US $MN)                 
Table 31 Global Lactic Acid Market Outlook, By Chemical Synthesis (2018-2027) (US $MN)                 
Table 32 Global Lactic Acid Market Outlook, By Microbial Fermentation (2018-2027) (US $MN)                 
Table 33 Global Lactic Acid Market Outlook, By Source (2018-2027) (US $MN)                 
Table 34 Global Lactic Acid Market Outlook, By Natural (2018-2027) (US $MN)                 
Table 35 Global Lactic Acid Market Outlook, By Milk Source (2018-2027) (US $MN)                 
Table 36 Global Lactic Acid Market Outlook, By Plant Source (2018-2027) (US $MN)                 
Table 37 Global Lactic Acid Market Outlook, By Synthetic (2018-2027) (US $MN)                 
Table 38 Global Lactic Acid Market Outlook, By Product Type (2018-2027) (US $MN)                 
Table 39 Global Lactic Acid Market Outlook, By Food Grade (2018-2027) (US $MN)                 
Table 40 Global Lactic Acid Market Outlook, By Industrial Grade (2018-2027) (US $MN)                 
Table 41  Global Lactic Acid Market Outlook, By Pharmaceutical Grade. (2018-2027) (US $MN)                 
Table 42 Global Lactic Acid Market Outlook, By End User (2018-2027) (US $MN)                 
Table 43 Global Lactic Acid Market Outlook, By Automotive (2018-2027) (US $MN)                 
Table 44 Global Lactic Acid Market Outlook, By Biomedical (2018-2027) (US $MN)                 
Table 45 Global Lactic Acid Market Outlook, By Chemical (2018-2027) (US $MN)                 
Table 46 Global Lactic Acid Market Outlook, By Textile (2018-2027) (US $MN)  

 

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