Lactic Acid Market
Lactic Acid Market - Global Industry Assessment & Forecast
#
Pages:
146
Base Year:
2022
Jan - 2022
Format:
Report Code:
VMR-1150
Segments Covered
By
Source Natural, Synthetic
-
By
Application Biodegradable Polymers, Food & Beverages, Pharmaceutical Products, Personal Care Products, Other Applications
-
By
Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 3.5 Billion |
 Revenue 2030:
|
USD 6.23 Billion |
 Revenue CAGR
(2023 - 2030): |
8.6% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Lactic Acid Market Segment Analysis
- Lactic Acid Source Outlook (Revenue, USD Million, 2018 - 2030)
- Natural
- Synthetic
- Lactic Acid Application Outlook (Revenue, USD Million, 2018 - 2030)
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
-
Regional Outlook (Revenue, USD Billion/Million, 2018 - 2030)
- North America
-
North America Lactic Acid Market, by Source
- Natural
- Synthetic
-
North America Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- U.S.
- U.S. Lactic Acid Market, by Source
- Natural
- Synthetic
- U.S. Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- U.S. Lactic Acid Market, by Source
- Canada
- Canada Lactic Acid Market, by Source
- Natural
- Synthetic
- Canada Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Canada Lactic Acid Market, by Source
-
Mexico
- Mexico Lactic Acid Market, by Source
- Natural
- Synthetic
- Mexico Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Mexico Lactic Acid Market, by Source
-
North America Lactic Acid Market, by Source
- Europe
-
Europe Lactic Acid Market, by Source
- Natural
- Synthetic
-
Europe Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- U. K.
- U.K. Lactic Acid Market, by Source
- Natural
- Synthetic
- U.K. Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- U.K. Lactic Acid Market, by Source
- France
- France Lactic Acid Market, by Source
- Natural
- Synthetic
- France Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- France Lactic Acid Market, by Source
-
Germany
- Germany Lactic Acid Market, by Source
- Natural
- Synthetic
- Germany Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Germany Lactic Acid Market, by Source
-
Italy
- Italy Lactic Acid Market, by Source
- Natural
- Synthetic
- Italy Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Italy Lactic Acid Market, by Source
-
Spain
- Spain Lactic Acid Market, by Source
- Natural
- Synthetic
- Spain Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Spain Lactic Acid Market, by Source
-
Rest of Europe
- Rest of Europe Lactic Acid Market, by Source
- Natural
- Synthetic
- Rest of Europe Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Rest of Europe Lactic Acid Market, by Source
-
Europe Lactic Acid Market, by Source
- Asia Pacific
-
Asia Pacific Lactic Acid Market, by Source
- Natural
- Synthetic
-
Asia Pacific Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- China
- China Lactic Acid Market, by Source
- Natural
- Synthetic
- China Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- China Lactic Acid Market, by Source
- Japan
- Japan Lactic Acid Market, by Source
- Natural
- Synthetic
- Japan Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Japan Lactic Acid Market, by Source
-
Germany
- Germany Lactic Acid Market, by Source
- Natural
- Synthetic
- Germany Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Germany Lactic Acid Market, by Source
-
India
- India Lactic Acid Market, by Source
- Natural
- Synthetic
- India Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- India Lactic Acid Market, by Source
-
South Korea
- South Korea Lactic Acid Market, by Source
- Natural
- Synthetic
- South Korea Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- South Korea Lactic Acid Market, by Source
-
South East Asia
- South East Asia Lactic Acid Market, by Source
- Natural
- Synthetic
- South East Asia Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- South East Asia Lactic Acid Market, by Source
-
Rest of Asia Pacific
- Rest of Asia Pacific Lactic Acid Market, by Source
- Natural
- Synthetic
- Rest of Asia Pacific Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Rest of Asia Pacific Lactic Acid Market, by Source
-
Asia Pacific Lactic Acid Market, by Source
- Latin America
-
Latin America Lactic Acid Market, by Source
- Natural
- Synthetic
-
Latin America Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Brazil
- Brazil Lactic Acid Market, by Source
- Natural
- Synthetic
- Brazil Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Brazil Lactic Acid Market, by Source
- Argentina
- Argentina Lactic Acid Market, by Source
- Natural
- Synthetic
- Argentina Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Argentina Lactic Acid Market, by Source
-
Rest of Latin America
- Rest of Latin America Lactic Acid Market, by Source
- Natural
- Synthetic
- Rest of Latin America Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Rest of Latin America Lactic Acid Market, by Source
-
Latin America Lactic Acid Market, by Source
- Middle East & Africa
-
Middle East & Africa Lactic Acid Market, by Source
- Natural
- Synthetic
-
Middle East & Africa Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- GCC Countries
- GCC Countries Lactic Acid Market, by Source
- Natural
- Synthetic
- GCC Countries Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- GCC Countries Lactic Acid Market, by Source
- South Africa
- South Africa Lactic Acid Market, by Source
- Natural
- Synthetic
- South Africa Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- South Africa Lactic Acid Market, by Source
-
Rest of Middle East & Africa
- Rest of Middle East & Africa Lactic Acid Market, by Source
- Natural
- Synthetic
- Rest of Middle East & Africa Lactic Acid Market, by Application
- Biodegradable Polymers
- Food & Beverages
- Pharmaceutical Products
- Personal Care Products
- Other Applications
- Rest of Middle East & Africa Lactic Acid Market, by Source
-
Middle East & Africa Lactic Acid Market, by Source
- North America
Vantage Market
Research | 26-Jun-2023
FAQ
Frequently Asked Question
What is the global demand for Lactic Acid in terms of revenue?
-
The global Lactic Acid valued at USD 3.5 Billion in 2022 and is expected to reach USD 6.23 Billion in 2030 growing at a CAGR of 8.6%.
Which are the prominent players in the market?
-
The prominent players in the market are Futerro Group (Belgium), BASF SE (Germany), Galactic (Belgium), Henan Jindan Lactic Acid Technology Co. Ltd. (China), Musashino Chemical Co. Ltd. (China), Corbion (Netherlands), Thyssenkrupp AG (Germany), The Dow Chemical Company (U.S.), Cellulac (UK), Jungbunzlauer Suisse AG (Switzerland), Vaishnavi Bio Tech. (India), TEIJIN Ltd. (Japan), Danimer Scientific (U.S.), NatureWorks LLC (U.S.).
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8.6% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Lactic Acid include
- Growing Demand for Lactic Acid in Biodegradable Polymers Application
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Lactic Acid in 2022.
