Lactic Acid Market, By Raw Material, By End Use, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

Lactic acid is the mildest of all AHAs and works very well on the skin. It is also a natural antibacterial, which makes it great for acne and blemish-prone skin. It also encourages cell turnover and helps fade hyperpigmentation spots like sunspots, making it a true hero ingredient. As an Alpha-Hydroxy Acid, this multitasking ingredient brightens, exfoliates, and helps the skin absorb more vitamin C, helping to firm and tighten the appearance of pores. It also helps to fade sun spots and age spots, reduces acne lesions, and smoothes fine lines and wrinkles.

Market Dynamics:

The global lactic acid market is expected to witness significant growth over the forecast period due to increased use in food & beverage, and cosmetic industries. Moreover, growing personal care and pharmaceutical industries is also expected to fuel market growth. Furthermore, increasing usage in manufacturing different types of bio plastics for the packaging industry is further expected to drive growth of the market over the forecast period.

However, high production costs is a key factor limiting the market growth.

Key features of the study:

This report provides in-depth analysis of the global lactic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global lactic acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Futerro, BASF SE, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd., Musashino Chemical (China) Co., Ltd., Corbion, thyssenkrupp AG, Dow, Cellulac, and Jungbunzlauer Suisse AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global lactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lactic acid market

Detailed Segmentation:

Global Lactic Acid Market, By Raw Material
- Corn
- Sugarcane
- Cassava
- Other Crops
Global Lactic Acid Market, By End Use
- Food & Beverages
- Industrial
- Pharmaceutical
- Personal Care
- Polylactic Acid
- Others
Global Lactic Acid Market, By Region
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Company Profiles
- Futerro
- BASF SE
- Galactic
- Henan Jindan Lactic Acid Technology Co. Ltd.
- Musashino Chemical (China) Co., Ltd.
- Corbion
- thyssenkrupp AG
- Dow
- Cellulac
- Jungbunzlauer Suisse AG

Product Code: CMI5771

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Raw Material
- Market Snapshot, By End Use
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Rise in personal care sector
- Volatile price of raw materials
- Expanding food and beverage application
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Lactic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Lactic Acid Market , By Raw Material, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Corn
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Sugarcane
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Cassava
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
Other Crops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)

6. Global Lactic Acid Market , By End Use, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Pharmaceutical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Polylactic Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Million)

7. Global Lactic Acid Market , By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
Central & South America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2018-2030,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2018-2030,(US$ Mn)

8. Competitive Landscape

Futerro
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Galactic
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Henan Jindan Lactic Acid Technology Co. Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Musashino Chemical (China) Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Corbion
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
thyssenkrupp AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Dow
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Cellulac
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Jungbunzlauer Suisse AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
About us

Lactic Acid Market, By Raw Material, By End Use, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030