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.
This report contains market size and forecasts of Lactic Acids in global, including the following market information:
Global Lactic Acids Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lactic Acids Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Lactic Acids companies in 2021 (%)
The global Lactic Acids market was valued at 1508.4 million in 2021 and is projected to reach US$ 2157.3 million by 2028, at a CAGR of 5.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
L-lactic Acid Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lactic Acids include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, Galactic, BBCA Group, Jungbunzlauer, Shandong Parkson Biotechnology, Musashino Chemical and Henan Xinghan Biotechnology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lactic Acids manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lactic Acids Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Type, 2021 (%)
L-lactic Acid
D-lactic Acid
DL-lactic Acid
Global Lactic Acids Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Application, 2021 (%)
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others
Global Lactic Acids Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lactic Acids revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lactic Acids revenues share in global market, 2021 (%)
Key companies Lactic Acids sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Lactic Acids sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
Galactic
BBCA Group
Jungbunzlauer
Shandong Parkson Biotechnology
Musashino Chemical
Henan Xinghan Biotechnology
Wuhan Sanjiang Space Good Biotech
Shandong Shouguang Juneng Golden
Shanxi Leda Biochemical
Shangdong Fullsail
Cargill
ADM
B&G