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PUBLISHER: Grand View Research | PRODUCT CODE: 1790413
PUBLISHER: Grand View Research | PRODUCT CODE: 1790413
Lactic Acid Market Size, Share & Trends Analysis Report By Raw Material (Corn, Sugarcane, Cassava, Yeast Extract), By Application (Industrial, Food & Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2025 - 2033
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PAGES: 80 Pages
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Lactic Acid Market Summary
The global lactic acid market size was estimated at USD 3,454.6 million in 2024 and is expected to reach USD 6,653.7 million by 2033, and is projected to grow at a CAGR of 7.7% from 2025 to 2033. The demand for this form is expected to rise over the forecast period, primarily driven by its increasing use across industries such as pharmaceuticals and food & beverages, especially in emerging markets such as India, China, and Indonesia.
Lactic acid serves as a key raw material in producing polylactic acid (PLA), which is widely utilized in the manufacture of biodegradable plastics for industries such as packaging and chemicals. Its role as a natural solvent makes it suitable for metal and mechanical cleaning processes.
This product is majorly used in formation of PLA, which is a biodegradable polymer, compostable thermoplastic made from renewable sources such as fermentation processes. This chemical is Generally Recognized as Safe (GRAS) and has great market potential in food industry being recognized as harmless By U.S. Food & Drug Administration. It can be alternatively produced by chemical synthesis or fermentation. It is considered as one of the well-known organic acids that have wide range of industrial applications. The four main applications of this form are in food, chemical, pharmaceutical, and cosmetics industries. This form is a lactic bacterium which refer to a large group of beneficial bacteria having probiotic properties. In addition, it plays a crucial role in the preparation of wine making, pickling, sausages, curing fish, meat, vegetables baking, and preparation of fermented dairy forms.
The product is not only a significant ingredient in fermented foods, including canned vegetables, yogurt, and butter, but is also used as a preservative in pickled vegetables and olives. This naturally occurring organic acid is used in a variety of applications, including food & beverages, pharmaceutical, cosmetics, chemicals, and industrial.
This is a large-scale organic acid produced, most used feedstock are carbohydrates obtained from different sources such as sugarcane, corn starch, and others. As compared to mineral variations, organic ones does not completely dissociate in water.
Global Lactic Acid Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the global lactic acid market report based on raw material, application and region.
- Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- Industrial
- Food & Beverages
- Beverages
- Bakery & Confectionary Products
- Dairy Products
- Meat Products
- Other Food Products
- Pharmaceuticals
- Personal Care
- Polylactic Acid
- Other Applications
- Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- Corn
- Sugarcane
- Cassava
- Yeast Extract
- Other Crops
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Asia Pacific
- China
- Japan
- India
- South Korea
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
Product Code: 978-1-68038-126-9
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Lactic Acid Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Lactic Acid Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis, 2018 - 2033
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Lactic Acid Market: Raw Material Estimates & Trend Analysis
- 4.1. Raw Material Movement Analysis & Market Share, 2023 & 2033
- 4.2. Corn
- 4.2.1. Corn Lactic Acid Market Estimates & Forecast, 2018 To 2033 (Kilotons) (USD Million)
- 4.3. Sugarcane
- 4.3.1. Sugarcane Lactic Acid Market Estimates And Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 4.4. Cassava
- 4.4.1. Cassava Lactic Acid Market Estimates And Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 4.5. Yeast Extract
- 4.5.1. Yeast Extract Lactic Acid Market Estimates And Forecasts, 2018 - 2033 (Kilotons) (USD Million)
- 4.6. Other Crops
- 4.6.1. Other Crops Product Lactic Acid Market Estimates And Forecasts, 2018 - 2033 (Kilotons) (USD Million)
Chapter 5. Lactic Acid Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2033
- 5.2. Industrial
- 5.2.1. Industrial Lactic Acid Market Estimates & Forecast, By Application, 2018 To 2033 (Kilotons) (USD Million)
- 5.3. Food & Beverages
- 5.3.1. Food & Beverages Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1.1. Beverages Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1.2. Bakery & Confectionary Products Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1.3. Dairy Products Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1.4. Meat Products Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1.5. Other Food Products Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.3.1. Food & Beverages Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.4. Pharmaceuticals
- 5.4.1. Pharmaceuticals Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.5. Personal Care
- 5.5.1. Personal Care Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.6. Polylactic Acid
- 5.6.1. Polylactic Acid Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
- 5.7. Other Application
- 5.7.1. Other Applications Lactic Acid Market Estimates And Forecasts, By Application, 2018 - 2033 (Kilotons) (USD Million)
Chapter 6. Lactic Acid Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2033
- 6.2. North America
- 6.2.1. North America Lactic Acid Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Lactic Acid Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Germany Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3.3. France
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. France Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3.4. UK
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. UK Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.3.6. Netherlands
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Netherlands Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Lactic Acid Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. Japan Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.4.4. India
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. India Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Lactic Acid Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.6.2. South Africa
- 6.6.2.1. Key Country Dynamics
- 6.6.2.2. South Africa Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Key Country Dynamics
- 6.6.3.2. Saudi Arabia Lactic Acid Market Estimates & Forecast, 2018 - 2033 (Kilotons) (USD Million)
Chapter 7. Lactic Acid Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Regional Market Analysis
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. BASF SE
- 7.7.1.1. Participant's Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.1.4. Recent Developments
- 7.7.2. Galactic
- 7.7.2.1. Participant's Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.2.4. Recent Developments
- 7.7.3. Musashino Chemical (China) Co., Ltd.
- 7.7.3.1. Participant's Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.3.4. Recent Developments
- 7.7.4. Futerro
- 7.7.4.1. Participant's Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.4.4. Recent Developments
- 7.7.5. Corbion
- 7.7.5.1. Participant's Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.5.4. Recent Developments
- 7.7.6. Dow
- 7.7.6.1. Participant's Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.6.4. Recent Developments
- 7.7.7. TEIJIN LIMITED
- 7.7.7.1. Participant's Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.7.4. Recent Developments
- 7.7.8. NatureWorks LLC
- 7.7.8.1. Participant's Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.8.4. Recent Developments
- 7.7.9. Henan Jindan Lactic Acid Technology Co. Ltd.
- 7.7.9.1. Participant's Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Product Benchmarking
- 7.7.9.4. Recent Developments
- 7.7.10. thyssenkrupp AG
- 7.7.10.1. Participant's Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Product Benchmarking
- 7.7.10.4. Recent Developments
- 7.7.11. Cellulac
- 7.7.11.1. Participant's Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Product Benchmarking
- 7.7.11.4. Recent Developments
- 7.7.12. Jungbunzlauer Suisse AG
- 7.7.12.1. Participant's Overview
- 7.7.12.2. Financial Performance
- 7.7.12.3. Product Benchmarking
- 7.7.12.4. Recent Developments
- 7.7.13. Vaishnavi Bio Tech
- 7.7.13.1. Participant's Overview
- 7.7.13.2. Financial Performance
- 7.7.13.3. Product Benchmarking
- 7.7.13.4. Recent Developments
- 7.7.14. Danimer Scientific
- 7.7.14.1. Participant's Overview
- 7.7.14.2. Financial Performance
- 7.7.14.3. Product Benchmarking
- 7.7.14.4. Recent Developments
- 7.7.1. BASF SE
Product Code: 978-1-68038-126-9
List of Tables
- Table 1 List of Potential End-Users
- Table 2 Regulatory Framework, by Regions
- Table 3 List of Raw Material Suppliers
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 9 UK Macroeconomic Outlay
- Table 10 Italy Macroeconomic Outlay
- Table 9 Netherlands Macroeconomic Outlay
- Table 14 China Macroeconomic Outlay
- Table 16 Japan Macroeconomic Outlay
- Table 17 India Macroeconomic Outlay
- Table 17 South Korea Macroeconomic Outlay
- Table 17 Brazil Macroeconomic Outlay
- Table 20 Argentina Macroeconomic Outlay
- Table 22 Saudi Arabia Macroeconomic Outlay
- Table 21 South Africa Macroeconomic Outlay
- Table 23 Participant's Overview
- Table 24 Financial Performance
- Table 25 Product Benchmarking
- Table 26 Company Heat Map Analysis
- Table 27 Key Strategy Mapping
List of Figures
- Fig. 1 Lactic Acid Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Production And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Lactic Acid Market Snapshot
- Fig. 7 Lactic Acid Market Segmental Outlook, 2023 (Kilotons) (USD Million)
- Fig. 8 Lactic Acid Market: Competitive Insights
- Fig. 9 Global Lactic Acid Market, 2023 (Kilotons) (USD Million)
- Fig. 10 Global Lactic Acid Market Value Chain Analysis
- Fig. 11 Lactic Acid Market Dynamics
- Fig. 12 Lactic Acid Market: Porter's Analysis
- Fig. 13 Lactic Acid Market: Pestel Analysis
- Fig. 14 Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 15 Corn Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 16 Sugarcane Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 17 Cassava Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 18 Yeast Extract Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 19 Other Crops Lactic Acid Market Analysis & Segment Forecast, By Raw Material, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 20 Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 21 Industrial Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 22 Food & Beverages Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 23 Beverages Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 24 Bakery & Confectionary Products Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 25 Dairy Products Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 26 Meat Products Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 27 Other Food Products Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 28 Pharmaceuticals Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 29 Personal Care Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 30 Polylactic Acid Lactic Acid Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 31 Other Application Coatings Market Analysis & Segment Forecast, By Application, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 32 Lactic Acid Market Analysis & Segment Forecast, By Region, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 33 North America Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 34 U.S. Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 35 Canada Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 36 Mexico Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 37 Europe Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 38 Germany Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 39 France Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 40 UK Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 41 Italy Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 42 Netherlands Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 43 Asia Pacific Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 44 China Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 45 Japan Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 46 India Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 47 South Korea Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 48 Latin America Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 49 Brazil Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 50 Argentina Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 51 Middle East & Africa Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 52 Saudi Arabia Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 53 South Africa Lactic Acid Market Analysis & Segment Forecast, 2018 - 2033 (Kilotons) (USD Million)
- Fig. 54 Lactic Acid Market: Company Categorization
- Fig. 55 Lactic Acid Market: Company Market Share Analysis
- Fig. 56 Lactic Acid Market: Company Market Positioning Analysis
- Fig. 57 Lactic Acid Market: Strategy Mapping
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