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Home » Our Report Repository » Lactic Acid Analysis and Global Forecast (2020-2028) with COVID Impact Analysis
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Lactic Acid Analysis and Global Forecast (2020-2028) with COVID Impact Analysis

$ 3,475.00

Lactic Acid Market By Raw Material (Corn, Sugarcane, Cassava, Others), By End-User (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 To 2028

Report Code: EB_F&B_286 | Page: 169 | Published Date: Upcoming

Category: Food & Beverage Tags: LACTIC ACID Companies, LACTIC ACID Industry, LACTIC ACID Market Analysis, LACTIC ACID Market Forecast, LACTIC ACID Market Growth, LACTIC ACID Market Restraints, LACTIC ACID Market Share, LACTIC ACID Market Size, LACTIC ACID Market Trends
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  • Research Methodology
Description

The global lactic acid market size is expected to reach $6.73 Billion by 2028 growing at the CAGR of 8.89% from 2021 to 2028. A lactic acid is a form of acid that is found in sour milk and is also created in muscle tissue when a person exercises. The acid is colourless or yellowish and can be made from a variety of sources, including potato fermentation, molasses fermentation, and corn starch fermentation. They are frequently utilized in applications such as personal care, polylactic acid, food & drinks, and personal care, among others, and can be processed synthetically or organically.

Parameters Indicators
Market Size (2020) $ Million
CAGR (2021 to 2028) 8.89%
Market Classification Raw Material, Application
Key Companies Profiled Corbion, DuPont, Cargill, Galactic, DOW, Unitika, Henan Jindan Lactic Acid Technology, Sulzer, Mushashino Chemical, Vigon International.
Key Countries/Regions Analyzed US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

 

Driving Factors

The factors driving the growth of the global Lactic Acid market include End-user applications that have a high need for lactic acid and polylactic acid, increased demand for environmentally friendly alternative resources, technological advancements to promote lactic acid and polylactic acid production.

End-user applications that have a high need for lactic acid and polylactic acid

The market for lactic acid and polylactic acid has seen emerging trends, as evidenced by innovations and advances in a variety of end-user applications such as biopolymer, food & drinks, packaging, personal care & cosmetics, and pharmaceuticals. The biodegradable polymers business has seen substantial growth, notably in the North American and European regions, as consumers become more aware of the polymers made from polylactic acid. Polylactic acid (PLA) is already being used as a substitute in general-purpose packaging applications such as trays and yogurt cups by food packaging makers. These have been the most prevalent takeaway food packaging solutions.

Technological advancements to promote lactic acid and polylactic acid production

Technological advancements have enabled biotechnology to rapidly develop in the medical industry. A specific advancement has been the introduction of recombinant DNA technology in the microbial production of enzymes, vaccines, hormones, and bio-industrial products. This type of technology, when applied to the fermentation industry, has enabled the production of large quantities of lactic acid in relatively short periods.

Restraining factors

The factors such as raw material price fluctuations are limiting and concerns about the quality of lactic acid used in food and beverage products, are limiting the Lactic Acid market’s growth.

Key Insight in the report:

The Global Lactic Acid market report covers Executive Summary, Market Dynamics, Trend Analysis, Market Size and Forecast, Competitive Intelligence, Market Positioning, Product Benchmarking, and Opportunity Analysis.

The report covers extensive competitive intelligence which includes the following data points:

  • Business Overview
  • Business Model
  • Financial Data
  • Financial – Existing
  • Financial – Funding
  • Product Segment Analysis and specification
  • Recent Development and Company Strategy Analysis
  • SWOT Analysis

Lactic Acid Market Segmentation

The report covers market sizing and forecasting at the country level as well as at the segment level. Lactic Acid Market is analyzed across below-mentioned different segments:

By Raw Material

  • Corn
  • Sugarcane
  • Cassava
  • Others

By Application

  • Industrial
  • Food & Beverages
  • Pharmaceuticals
  • Personal care
  • Others

Regional analysis

In terms of value, North America held the largest share of the global lactic acid market. The lactic acid market is driven by the growth of the US market. The North American market is regulated, with the U.S Environmental Protection Agency (EPA) overseeing chemical product monitoring and marketing.

The Lactic Acid Market is analyzed across the below mentioned region.

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World

Lactic Acid Market Players:

key players in Lactic Acid Market include:

  • Corbion
  • DuPont
  • Cargill
  • Galactic
  • DOW
  • Unitika
  • Henan Jindan Lacic Acid Technology
  • Sulzer
  • Mushashino Chemical
  • Vigon International

REPORT CONTENT BRIEF:

  • High level analysis of the current and future Lactic Acid market trends and opportunities
  • Detailed analysis on current market drivers, restraining factors, and opportunities in the future
  • Lactic Acid market historical market size for year 2020, and forecast from 2021 to 2028
  • Lactic Acid market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.

 

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    Table of Contents

    Table of Contents

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

                                   2.2.2.   Limitations

                         2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                                   4.1.1.   Raw Application Providers

                                   4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Retailers

                                   4.1.4.   End Users

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.   Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                           4.3.   COVID-19 Impact and Post COVID Scenario on Lactic Acid Market

                                    4.3.1.   Impact on COVID-19

                                    4.3.2.   Government Aids and Policies for Industry Revival

                                    4.3.3.   Companies Recent Developments to Tackle Negative Impact

                                    4.3.4.   Opportunity Window & Post COVID Trend

                         4.4.   Technology Overview

                         4.5.   Macro factor

                         4.6.   Micro Factor

                            4.7.   Demand Supply Gap Analysis of Lactic Acid Market

                            4.8.   Import Analysis of Lactic Acid Market

                            4.9.   Export Analysis of Lactic Acid Market

    Chapter 5.   Market Dynamics

                         5.1.   Introduction

                         5.2.   DROC Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

                                   5.2.4.   Challenges

                         5.3.   Patent Analysis

                         5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Lactic Acid Market, By Raw Material

                         6.1.   Introduction

                         6.2.   Corn

                         6.3.   Sugarcane

                         6.4.   Cassava

                         6.5.   Others

    Chapter 7.   Global Lactic Acid Market, By Application

                         7.1.   Introduction

                         7.2.   Industrial

                         7.3.   Food & Beverages

                         7.4.   Pharmaceuticals

                         7.5.   Personal Care

                         7.6.   Others

    Chapter 8.   Global Lactic Acid Market, By Region

                         8.1.   Introduction

                         8.2.   North America

                                   8.2.1.   Introduction

                                   8.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.2.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   8.2.4.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                   8.2.5.   Market Size and Forecast, By Application, 2020 – 2028

                                   8.2.6.   US

                                                  8.2.6.1.   Introduction

                                                  8.2.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.6.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.2.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.2.7.   Canada

                                                  8.2.7.1.   Introduction

                                                  8.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.7.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.2.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                         8.3.   Europe

                                   8.3.1.   Introduction

                                   8.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.3.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   8.3.4.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                   8.3.5.   Market Size and Forecast, By Application, 2020 – 2028

                                   8.3.6.   Germany

                                                  8.3.6.1.   Introduction

                                                  8.3.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.6.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.3.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.3.7.   France

                                                  8.3.7.1.   Introduction

                                                  8.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.7.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.3.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.3.8.   UK

                                                  8.3.8.1.   Introduction

                                                  8.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.8.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.3.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.3.9.   Italy

                                                  8.3.9.1.   Introduction

                                                  8.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.9.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.3.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.3.10.   Rest Of Europe

                                                  8.3.10.1.   Introduction

                                                  8.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.3.10.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.3.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                         8.4.   Asia-Pacific

                                   8.4.1.   Introduction

                                   8.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.4.3.   Market Size and Forecast, By Country, 2020 - 2028

                                   8.4.4.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                   8.4.5.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.4.6.   China

                                                  8.4.6.1.   Introduction

                                                  8.4.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.6.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.4.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.4.7.   India

                                                  8.4.7.1.   Introduction

                                                  8.4.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.7.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.4.7.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.4.8.   Japan

                                                  8.4.8.1.   Introduction

                                                  8.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.8.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.4.8.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.4.9.   South Korea

                                                  8.4.9.1.   Introduction

                                                  8.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.9.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.4.9.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.4.10.   Rest Of Asia-Pacific

                                                  8.4.10.1.   Introduction

                                                  8.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.10.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.4.10.4.   Market Size and Forecast, By Application, 2020 - 2028

                         8.5.   Rest Of The World (RoW)

                                   8.5.1.   Introduction

                                   8.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.5.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                   8.5.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.5.5.   Market Size and Forecast, By Region, 2020 - 2028

                                   8.5.6.   South America

                                                  8.5.6.1.   Introduction

                                                  8.5.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.5.6.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.5.6.4.   Market Size and Forecast, By Application, 2020 - 2028

                                   8.5.7.   Middle East and Africa

                                                  8.5.7.1.   Introduction

                                                  8.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.5.7.3.   Market Size and Forecast, By Product Raw Material, 2020 - 2028

                                                  8.5.7.4.   Market Size and Forecast, By Application, 2020 - 2028

    Chapter 9.   Competitive Landscape

                         9.1.   Introduction

                         9.2.   Vendor Share Analysis, 2020/Key Players Positioning, 2020

    Chapter 10.   Company Profiles

                         10.1.   Corbion

                                   10.1.1.   Business Overview

                                   10.1.2.   Financial Analysis

                                   10.1.3.   Product Portfolio

                                   10.1.4.   Recent Development and Strategies Adopted

                                   10.1.5.   SWOT Analysis

                         10.2.   DuPont

                                   10.2.1.   Business Overview

                                   10.2.2.   Financial Analysis

                                   10.2.3.   Product Portfolio

                                   10.2.4.   Recent Development and Strategies Adopted

                                   10.2.5.   SWOT Analysis

                         10.3.   Cargill

                                   10.3.1.   Business Overview

                                   10.3.2.   Financial Analysis

                                   10.3.3.   Product Portfolio

                                   10.3.4.   Recent Development and Strategies Adopted

                                   10.3.5.   SWOT Analysis

                         10.4.   Galactic

                                   10.4.1.   Business Overview

                                   10.4.2.   Financial Analysis

                                   10.4.3.   Product Portfolio

                                   10.4.4.   Recent Development and Strategies Adopted

                                   10.4.5.   SWOT Analysis

                         10.5.   DOW

                                   10.5.1.   Business Overview

                                   10.5.2.   Financial Analysis

                                   10.5.3.   Product Portfolio

                                   10.5.4.   Recent Development and Strategies Adopted

                                   10.5.5.   SWOT Analysis

                         10.6.   Unitika

                                   10.6.1.   Business Overview

                                   10.6.2.   Financial Analysis

                                   10.6.3.   Product Portfolio

                                   10.6.4.   Recent Development and Strategies Adopted

                                   10.6.5.   SWOT Analysis

                         10.7.   Henan Jindan Lacic Acid Technology

                                   10.7.1.   Business Overview

                                   10.7.2.   Financial Analysis

                                   10.7.3.   Product Portfolio

                                   10.7.4.   Recent Development and Strategies Adopted

                                   10.7.5.   SWOT Analysis

                         10.8.   Sulzer

                                   10.8.1.   Business Overview

                                   10.8.2.   Financial Analysis

                                   10.8.3.   Product Portfolio

                                   10.8.4.   Recent Development and Strategies Adopted

                                   10.8.5.   SWOT Analysis

                         10.9.   Mushashino Chemical

                                   10.9.1.   Business Overview

                                   10.9.2.   Financial Analysis

                                   10.9.3.   Product Portfolio

                                   10.9.4.   Recent Development and Strategies Adopted

                                   10.9.5.   SWOT Analysis

                         10.10.   Vigon International

                                   10.10.1.   Business Overview

                                   10.10.2.   Financial Analysis

                                   10.10.3.   Product Portfolio

                                   10.10.4.   Recent Development and Strategies Adopted

                                   10.10.5.   SWOT Analysis

    Chapter 11.   Key Takeaways

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      Global Beta-Glucan By Type (Grains and cereal, Mushroom, Yeast, Seaweed ) By Application (Food & beverage, Personal care, Pharmaceutical, Dietary supplement, Animal feed) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends, And Forecast From 2021 To 2028

      Report Code:EB_F&B_760 | Page: 125 | Published Date: June 2021
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      Nut Products Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

      $ 3,475.00

      Global Nut Products By Type (Nut butters, Nut pastes/Marzipan pastes/Persipan pastes, Nut fillings with cocoa, Nut fillings without cocoa, Caramelized nuts, Nut flours, ) By Application (B2B Industrial food manufacturers, B2B Food service & bakeries ), And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends, And Forecast From 2021 To 2028

      Report Code:EB_F&B_758 | Page: 125 | Published Date: June 2021
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      Organic Herbs and Spices Market Analysis and Forecast (2021-2028) with COVID Impact Analysis

      $ 1,999.00

      Organic Herbs and Spices Market By Product Type (Ginger, Turmeric, Clove, Others), By Form (Powder, Granular, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

      Report Code: EB_F&B_468 | Page: 155 | Published Date: March 2021
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      Gluten-free Products Market Analysis and Global Forecast (2020-2028) with COVID Impact Analysis

      $ 3,475.00
      Global Gluten-free Products Market By Form (Solid, Liquid), By Component (Bakery, Baby Food, Ready Meals, Pizza & Pasta, Cereals & Snacks), By Distribution Channel (Conventional Store, Specialty stores) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028 Report Code: EB_F&B_292 | Page: 168 | Published Date: March 2021
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      Sugar Substitutes Market Analysis and Forecast (2020-2028) with COVID Impact Analysis

      $ 3,475.00

      Global Sugar Substitutes Market By Product Type (High Fructose Syrup, High-Intensity Sweetener, Low-Intensity Sweetener) And By Application (Beverages, Food Products, Health And Personal Care Products) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

      Report Code: EB_F&B_289 | Page: 165 | Published Date: March 2021
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