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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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  • Table of Contents
  • Connect to Analyst
  • 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

Connect to Analyst

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Research Methodology

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Essential Oils Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

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Global Essential oils Market By Type (Orange oil, Lemon oil, Lime oil, Peppermint oil, Cornmint oil, Citronella oil, Spearmint oil , Geranium oil , Clove leaf oil, Eucalyptus oil, Jasmine oil, Tea tree oil, Rosemary oil, Lavender oil,  ), By Application (Food & beverages, Cosmetics & toiletries, Aromatherapy, Home care, Health care, Other applications ), And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends, And Forecast From 2021 To 2028

Report Code:EB_F&B_757 | Page: 135 | Published Date: June 2021
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Wheat Protein Market Analysis and Global Forecast (2020-2028) with COVID Impact Analysis

$ 3,475.00
Global Wheat Protein Market By Product Type (Wheat gluten, Wheat protein isolate, textured wheat protein, Others), By Basis Of Form (Dry, Liquid), By Application (Bakery & Snacks, Pet food, Processed meat, Others), And By Geography:  Global Trends, Opportunities And Forecast- 2020 To 2028 Report Code: EB_F&B_284 | Page: 165 | Published Date: Upcoming
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Seaweed Protein Market Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

$ 3,475.00

Global Seaweed Protein Market By Type (Conventional Method, Physical Processes, Enzymatic Hydrolysis,  Chemical Extraction, Current Method, Ultrasound-Assisted Extraction, Pulsed Electric Field, Microwave-Assisted Extraction) By Application (Food, Animal Feed & Additives, Personal Care & Cosmetics, Other Applications) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends, And Forecast From 2021 To 2028

Report Code:EB_F&B_770 | Page: 125 | Published Date: June 2021
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Non-woven Fabrics Market

Baby Food Market Analysis

$ 3,475.00
Report Code: EB_F&B_274 | Page: 145 | Report Status: Upcoming Baby Food Market By Type (Milk Formula, Dried Baby Food, Ready to Feed Baby Food, and Others) By Product (Baby Soups, Frozen Baby Foods, Baby Snacks, and Baby Cereals) By Distribution Channel (Supermarkets, Hypermarkets, Small Grocery Retailers, Health and Beauty Retailers, and Others) By Geography: Global trends, opportunities and forecast – 2019 to 2027
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Beta-Glucan Analysis and Global Forecast (2021-2028) with COVID Impact Analysis

$ 3,475.00

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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