The global lactic acid market was valued at US$ 1,069.84 million in 2019 and it is projected to reach US$ 2,217.88 million by 2027; it is expected to grow at a CAGR of 9.6% from 2020 to 2027.
Lactic acid is an organic acid produced during the process of fermentation. It is used in various industries including food & beverages, pharmaceuticals, personal care, and biodegradable polymers. The multi-functionalities of lactic acid render its use in various industries. In the food & beverages industry, lactic acid is used as a preservative, curing agent, and a flavoring agent. Surging global demand for processed food is boosting the application of lactic acid in the food industry. In meat, poultry, & and seafood products, it is majorly used as a decontaminant. In the personal care industry, lactic acid is mainly used in anti-ageing and skin lightening products as it treats hyperpigmentation and age spots.
Based on application, the lactic acid market is segmented into food & beverages, pharmaceuticals, personal care, and others. The food and & beverages segment led the lactic acid market with the highest market share in 2019. Lactic acid is used in a wide variety of food industries, such as baking products, beverages, fermented meat, confectionery, dairy products, salads, dressings, and ready-to-eat meals. Moreover, in the food & beverage industry, lactic acid is preferred over synthetic chemicals because lactic acid changes the taste, texture, or characteristics of products to improve their shelf life. In the dairy industry, lactic acids are used to coagulate milk and create cheese flavors. Whereas in the brewing industry, lactic acid increases the conversion of starch in beer, thus increasing the yield. In the baking industry, lactic acid helps regulate the acidity of the dough and increases the shelf life of the baked goods. Further, lactic acid fermentation plays an important role in the food and & beverages industry. The reason behind fermenting food is for the purpose of preservation. Lactic acid fermentation also prevents the production of undesired bacteria and moisture. Lactic acid is used as an emulsifier in the manufacture of bakery products. Thus, all these factors are expected to increase the lactic acid market growth in the food and & beverages industry.
Geographically, the lactic acid market is segmented into North America, Europe, Asia Pacific (APAC), South America, and Middle East & Africa (MEA). In 2019, North America held the largest share of the global lactic acid market, followed by Asia Pacific. In the North America region, the US is a major market for lactic acid, followed by Canada and Mexico. The growth of the lactic acid market in this region is primarily attributed to the presence of established application industries, such as food & beverages, personal care, and pharmaceuticals. Presence of prominent market players in the region is yet another factor driving the regional market growth. The US is the major contributing country in North America, accounting for the lion’s share in the regional market. This trend is anticipated to positively impact the expansion of the lactic acid market in North America.
Coronavirus outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of February 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are some of the worst affected countries in terms of confirmed cases and reported deaths. According to the latest WHO figures, there are 104,370,550 confirmed cases and 2,271,180 total deaths globally. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries suffering serious disruptions, such as supply chain breaks, and production facility shutdowns, etc., because of this outbreak. The shutdown of various plants and factories in leading regions, such as North America, Europe, Asia Pacific, South America, and the Middle East, and & Africa, has affected the global supply chain and negatively affected the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the food and & beverages industry in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months.
Corbion; Cargill Inc.; Foodchem International Corporation; Galactic; Henan Xinghan Biotechnology; Musashino Chemical Laboratory, Ltd.; Shandong Baisheng Biotechnology Co., Ltd.; Jungbunzlauer Suisse AG; Henan Jindan Lactic Acid Technology Co., Ltd.; and Vigon International, Inc. are among the major players operating in the global lactic acid market.
The overall global lactic acid market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the global lactic acid market.
1. Introduction. 16
1.1 Study Scope. 16
1.2 The Insight Partners Research Report Guidance. 16
1.3 Market Segmentation. 17
2. Key Takeaways. 19
3. Research Methodology. 23
3.1 Scope of the Study. 23
3.2 Research Methodology. 23
3.2.1 Data Collection: 24
3.2.2 Primary Interviews: 24
3.2.3 Hypothesis formulation: 24
3.2.4 Macro-economic factor analysis: 24
3.2.5 Developing base number: 25
3.2.6 Data Triangulation: 25
3.2.7 Country level data: 25
4. Global Lactic Acid Market Landscape. 26
4.1 Market Overview.. 26
4.2 PEST Analysis. 27
4.2.1 North America. 27
4.2.2 Europe. 27
4.2.3 APAC.. 28
4.2.4 MEA. 28
4.2.5 SAM... 29
4.3 Expert Opinion. 29
4.4 List of Suppliers. 30
5. Lactic Acid Market – Key Market Dynamics. 31
5.1 Market Drivers. 31
5.1.1 Widening Application Scope. 31
5.1.2 Multi-functionalities of Lactic Acid. 31
5.2 Market Restraint 32
5.2.1 Fluctuating Raw Material Prices. 32
5.3 Market Opportunities. 32
5.3.1 Increasing Demand for Biodegradable Polymers. 32
5.4 Future Trends. 32
5.4.1 Innovations and Technology Advancement 32
5.5 Impact Analysis. 33
6. Lactic Acid – Global Market Analysis. 34
6.1 Lactic Acid Market Overview.. 34
6.2 Lactic Acid Market –Revenue And Forecast To 2027 (US$ Billion) 36
6.3 Competitive Positioning – Key Market Players. 37
7. Lactic Acid Market Analysis – By Form.. 38
7.1 Overview.. 38
7.2 Lactic Acid Market, By Form (2019 and 2027) 38
7.3 Dry. 39
7.3.1 Overview.. 39
7.3.2 Dry: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 39
7.4 Liquid. 40
7.4.1 Overview.. 40
7.4.2 Liquid: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 40
8. Lactic Acid Market Analysis – By Application. 41
8.1 Overview.. 41
8.2 Lactic Acid Market, By Application (2019 and 2027) 41
8.3 Food and Beverages. 42
8.3.1 Overview.. 42
8.3.2 Food and Beverages : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 42
8.4 Pharmaceuticals. 43
8.4.1 Overview.. 43
8.4.2 Pharmaceuticals : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 43
8.5 Personal Care. 44
8.5.1 Personal Care : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 44
8.6 Others. 45
8.6.1 Others: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn) 45
9. Lactic Acid Market – Geographic Analysis. 46
9.1 Overview.. 46
9.2 North America: Lactic Acid Market 47
9.2.1 North America: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 47
9.2.2 North America: Lactic Acid Market, by Form... 48
9.2.3 North America: Lactic Acid Market, by Application. 49
9.2.4 North America: Lactic Acid Market, by Key Country. 50
9.2.4.1 US: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 50
9.2.4.1.1 US: Lactic Acid Market, by Form... 51
9.2.4.1.2 US: Lactic Acid Market, by Application. 51
9.2.4.2 Canada: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 52
9.2.4.2.1 Canada: Lactic Acid Market, by Form... 52
9.2.4.2.2 Canada: Lactic Acid Market, by Application. 53
9.2.4.3 Mexico: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 54
9.2.4.3.1 Mexico: Lactic Acid Market, by Form... 54
9.2.4.3.2 Mexico: Lactic Acid Market, by Application. 55
9.3 Europe: Lactic Acid Market 56
9.3.1 Europe: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 56
9.3.2 Europe: Lactic Acid Market, by Form... 57
9.3.3 Europe: Lactic Acid Market, by Application. 58
9.3.4 Europe: Lactic Acid Market, by Key Country. 59
9.3.4.1 Germany: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 59
9.3.4.1.1 Germany: Lactic Acid Market, by Form... 60
9.3.4.1.2 Germany: Lactic Acid Market, by Application. 60
9.3.4.2 France: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 61
9.3.4.2.1 France: Lactic Acid Market, by Form... 61
9.3.4.2.2 France: Lactic Acid Market, by Application. 62
9.3.4.3 Italy: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 63
9.3.4.3.1 Italy: Lactic Acid Market, by Form... 63
9.3.4.3.2 Italy: Lactic Acid Market, by Application. 64
9.3.4.4 UK: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 65
9.3.4.4.1 UK: Lactic Acid Market, by Form... 65
9.3.4.4.2 UK: Lactic Acid Market, by Application. 66
9.3.4.5 Russia: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 67
9.3.4.5.1 Russia: Lactic Acid Market, by Form... 67
9.3.4.5.2 Russia: Lactic Acid Market, by Application. 68
9.3.4.6 Rest of Europe: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 69
9.3.4.6.1 Rest of Europe: Lactic Acid Market, by Form... 69
9.3.4.6.2 Rest of Europe: Lactic Acid Market, by Application. 70
9.4 APAC: Lactic Acid Market 71
9.4.1 APAC: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 71
9.4.2 APAC: Lactic Acid Market, by Form... 72
9.4.3 APAC: Lactic Acid Market, by Application. 73
9.4.4 APAC: Lactic Acid Market, by Key Country. 74
9.4.4.1 Australia: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 74
9.4.4.1.1 Australia: Lactic Acid Market, by Form... 75
9.4.4.1.2 Australia: Lactic Acid Market, by Application. 75
9.4.4.2 China: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 76
9.4.4.2.1 China: Lactic Acid Market, by Form... 77
9.4.4.2.2 China: Lactic Acid Market, by Application. 77
9.4.4.3 India: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 78
9.4.4.3.1 India: Lactic Acid Market, by Form... 79
9.4.4.3.2 India: Lactic Acid Market, by Application. 79
9.4.4.4 Japan: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 80
9.4.4.4.1 Japan: Lactic Acid Market, by Form... 80
9.4.4.4.2 Japan: Lactic Acid Market, by Application. 81
9.4.4.5 South Korea: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 82
9.4.4.5.1 South Korea: Lactic Acid Market, by Form... 82
9.4.4.5.2 South Korea: Lactic Acid Market, by Application. 83
9.4.4.6 Rest of APAC: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 84
9.4.4.6.1 Rest of APAC: Lactic Acid Market, by Form... 84
9.4.4.6.2 Rest of APAC: Lactic Acid Market, by Application. 85
9.5 MEA: Lactic Acid Market 86
9.5.1 MEA: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 86
9.5.2 MEA: Lactic Acid Market, by Form... 87
9.5.3 MEA: Lactic Acid Market, by Application. 88
9.5.4 MEA: Lactic Acid Market, by Key Country. 89
9.5.4.1 South Africa: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 89
9.5.4.1.1 South Africa: Lactic Acid Market, by Form... 90
9.5.4.1.2 South Africa: Lactic Acid Market, by Application. 90
9.5.4.2 Saudi Arabia: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 91
9.5.4.2.1 Saudi Arabia: Lactic Acid Market, by Form... 91
9.5.4.2.2 Saudi Arabia: Lactic Acid Market, by Application. 92
9.5.4.3 UAE: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 93
9.5.4.3.1 UAE: Lactic Acid Market, by Application. 94
9.5.4.4 Rest of MEA: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 95
9.5.4.4.1 Rest of MEA: Lactic Acid Market, by Form... 95
9.5.4.4.2 Rest of MEA: Lactic Acid Market, by Application. 96
9.6 SAM: Lactic Acid Market 97
9.6.1 SAM: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 97
9.6.2 SAM: Lactic Acid Market, by Form... 98
9.6.3 SAM: Lactic Acid Market, by Application. 99
9.6.4 SAM: Lactic Acid Market, by Key Country. 100
9.6.4.1 Brazil: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 100
9.6.4.1.1 Brazil: Lactic Acid Market, by Form... 101
9.6.4.1.2 Brazil: Lactic Acid Market, by Application. 101
9.6.4.2 Argentina: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 102
9.6.4.2.1 Argentina: Lactic Acid Market, by Form... 102
9.6.4.2.2 Argentina: Lactic Acid Market, by Application. 103
9.6.4.3 Rest of SAM: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 104
9.6.4.3.1 Rest of SAM: Lactic Acid Market, by Form... 104
9.6.4.3.2 Rest of SAM: Lactic Acid Market, by Application. 105
10. Overview- Impact of Coronavirus Outbreak. 106
10.1 Overview.. 106
10.2 North America: Impact Assessment of COVID-19 Pandemic. 106
10.3 Europe: Impact Assessment of COVID-19 Pandemic. 107
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 108
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 109
10.6 South America: Impact Assessment of COVID-19 Pandemic. 110
11. Key Company Profiles. 111
11.1 Corbion. 111
11.1.1 Key Facts. 111
11.1.2 Business Description. 111
11.1.3 Products and Services. 111
11.1.4 Financial Overview.. 112
11.1.5 SWOT Analysis. 112
11.1.6 Key Developments. 113
11.2 Cargill Inc. 114
11.2.1 Key Facts. 114
11.2.2 Business Description. 114
11.2.3 Products and Services. 114
11.2.4 Financial Overview.. 115
11.2.5 SWOT Analysis. 115
11.2.6 Key Developments. 115
11.3 Foodchem International Corporation. 116
11.3.1 Key Facts. 116
11.3.2 Business Description. 116
11.3.3 Products and Services. 116
11.3.4 Financial Overview.. 116
11.3.5 SWOT Analysis. 117
11.4 Galactic. 118
11.4.1 Key Facts. 118
11.4.2 Business Description. 118
11.4.3 Products and Services. 118
11.4.4 Financial Overview.. 118
11.4.5 SWOT Analysis. 119
11.5 Henan Xinghan Biotechnology. 120
11.5.1 Key Facts. 120
11.5.2 Business Description. 120
11.5.3 Products and Services. 120
11.5.4 Financial Overview.. 120
11.5.5 SWOT Analysis. 121
11.6 Jungbunzlauer Suisse AG.. 122
11.6.1 Key Facts. 122
11.6.2 Business Description. 122
11.6.3 Products and Services. 122
11.6.4 Financial Overview.. 122
11.6.5 SWOT Analysis. 123
11.7 Henan Jindan Lactic Acid Technology Co., Ltd. 124
11.7.1 Key Facts. 124
11.7.2 Business Description. 124
11.7.3 Products and Services. 124
11.7.4 Financial Overview.. 124
11.7.5 SWOT Analysis. 125
11.8 Musashino Chemical Laboratory, Ltd. 126
11.8.1 Key Facts. 126
11.8.2 Business Description. 126
11.8.3 Products and Services. 126
11.8.4 Financial Overview.. 126
11.8.5 SWOT Analysis. 127
11.9 Shandong Baisheng Biotechnology Co., Ltd. 128
11.9.1 Key Facts. 128
11.9.2 Business Description. 128
11.9.3 Products and Services. 128
11.9.4 Financial Overview.. 128
11.9.5 SWOT Analysis. 129
11.10 Vigon International, Inc. 130
11.10.1 Key Facts. 130
11.10.2 Business Description. 130
11.10.3 Products and Services. 130
11.10.4 Financial Overview.. 130
11.10.5 SWOT Analysis. 131
12. Appendix. 132
12.1 About The Insight Partners. 132
12.2 Word Index. 132
LIST OF TABLES
Table 1. List of Lactic Acid Suppliers. 30
Table 2. Lactic Acid Market –Revenue And Forecast To 2027 (US$ Million) 36
Table 3. North America Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 48
Table 4. North America Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 49
Table 5. US Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 51
Table 6. US Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 51
Table 7. Canada Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 52
Table 8. Canada Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 53
Table 9. Mexico Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 54
Table 10. Mexico Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 55
Table 11. Europe Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 57
Table 12. Europe Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 58
Table 13. Germany Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 60
Table 14. Germany Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 60
Table 15. France Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 61
Table 16. France Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 62
Table 17. Italy Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 63
Table 18. Italy Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 64
Table 19. UK Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 65
Table 20. UK Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 66
Table 21. Russia Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 67
Table 22. Russia Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 68
Table 23. Rest of Europe Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 69
Table 24. Rest of Europe Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 70
Table 25. Asia Pacific Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 72
Table 26. Asia Pacific Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 73
Table 27. Australia Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 75
Table 28. Australia Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 75
Table 29. China Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 77
Table 30. China Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 77
Table 31. India Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 79
Table 32. India Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 79
Table 33. Japan Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 80
Table 34. Japan Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 81
Table 35. South Korea Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 82
Table 36. South Korea Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 83
Table 37. Rest of APAC Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 84
Table 38. Rest of APAC Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 85
Table 39. MEA Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 87
Table 40. MEA Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 88
Table 41. South Africa Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 90
Table 42. South Africa Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 90
Table 43. Saudi Arabia Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 91
Table 44. Saudi Arabia Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 92
Table 45. UAE Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 93
Table 46. UAE Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 94
Table 47. Rest of MEA Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 95
Table 48. Rest of MEA Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 96
Table 49. SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 98
Table 50. SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 99
Table 51. Brazil Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 101
Table 52. Brazil Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 101
Table 53. Argentina Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 102
Table 54. Argentina Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 103
Table 55. Rest of SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million) 104
Table 56. Rest of SAM Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million) 105
Table 57. List of Abbreviation. 132
LIST OF FIGURES
Figure 1. Global Lactic Acid Market Segmentation. 17
Figure 2. Lactic Acid Market Segmentation – By Geography. 18
Figure 3. Global Lactic Acid Market Overview.. 19
Figure 4. Food & Beverages Segment Held Largest Share Of Global Lactic Acid Market 20
Figure 5. North America Region Held Largest Share Of Global Lactic Acid Market 21
Figure 6. Global Lactic Acid Market, Industry Landscape. 22
Figure 7. North America: PEST Analysis. 27
Figure 8. Europe: PEST Analysis. 27
Figure 9. APAC: PEST Analysis. 28
Figure 10. MEA: PEST Analysis. 28
Figure 11. SAM: PEST Analysis. 29
Figure 12. Expert Opinion. 29
Figure 13. Global Lactic Acid Market Impact Analysis Of Drivers And Restraints. 33
Figure 14. Geographic Overview Of Lactic Acid Market 35
Figure 15. Global: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Million) 36
Figure 16. Lactic Acid Market Revenue Share, By Form (2019 and 2027) 38
Figure 17. Dry: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 39
Figure 18. Liquid: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 40
Figure 19. Lactic Acid Market Revenue Share, By Application (2019 and 2027) 41
Figure 20. Food and Beverages : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 42
Figure 21. Pharmaceuticals : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 43
Figure 22. Personal Care : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 44
Figure 23. Others: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn) 45
Figure 24. Global Lactic Acid Market Revenue Share, by Region (2019 and 2027) 46
Figure 25. North America: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 47
Figure 26. North America: Lactic Acid Market Revenue Share, by Form (2019 and 2027) 48
Figure 27. North America: Lactic Acid Market Revenue Share, by Application (2019 and 2027) 49
Figure 28. North America: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027) 50
Figure 29. US: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 50
Figure 30. Canada: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 52
Figure 31. Mexico: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 54
Figure 32. Europe: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 56
Figure 33. Europe: Lactic Acid Market Revenue Share, by Form (2019 and 2027) 57
Figure 34. Europe: Lactic Acid Market Revenue Share, by Application (2019 and 2027) 58
Figure 35. Europe: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027) 59
Figure 36. Germany: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 59
Figure 37. France: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 61
Figure 38. Italy: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 63
Figure 39. UK: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 65
Figure 40. Russia: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 67
Figure 41. Rest of Europe: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 69
Figure 42. APAC: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 71
Figure 43. APAC: Lactic Acid Market Revenue Share, by Form (2019 and 2027) 72
Figure 44. APAC: Lactic Acid Market Revenue Share, by Application (2019 and 2027) 73
Figure 45. APAC: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027) 74
Figure 46. Australia: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 74
Figure 47. China: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 76
Figure 48. India: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 78
Figure 49. Japan: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 80
Figure 50. South Korea: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 82
Figure 51. Rest of APAC: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 84
Figure 52. MEA: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 86
Figure 53. MEA: Lactic Acid Market Revenue Share, by Form (2019 and 2027) 87
Figure 54. MEA: Lactic Acid Market Revenue Share, by Application (2019 and 2027) 88
Figure 55. MEA: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027) 89
Figure 56. South Africa: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 89
Figure 57. Saudi Arabia: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 91
Figure 58. UAE: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 93
Figure 59. Rest of MEA: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 95
Figure 60. SAM: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million) 97
Figure 61. SAM: Lactic Acid Market Revenue Share, by Form (2019 and 2027) 98
Figure 62. SAM: Lactic Acid Market Revenue Share, by Application (2019 and 2027) 99
Figure 63. SAM: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027) 100
Figure 64. Brazil: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 100
Figure 65. Argentina: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 102
Figure 66. Rest of SAM: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million) 104
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets. 106
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets. 107
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets. 108
Figure 70. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets. 109
Figure 71. Impact of COVID-19 Pandemic in South America Country Markets. 110
The List of Companies - Lactic Acid Market
ReportsWeb has an extensive coverage of industry reports, company reports and country reports accross all industries.
View All New Reports
Global Psyllium Professional Survey Repo..
Psyllium or ispaghula is the common name used for several me..
Global Food Flavor Professional Survey R..
Food flavourings are ingredients added to food to intensify ..
Global Baby Milk Powder Professional Sur..
Infant milk powder, infant formula milk powder or just Engli..
Global Guar Complex Professional Survey ..
The report forecast global Guar Complex market to grow to re..
Global Gin Professional Survey Report 20..
Gin is a distilled alcoholic drink that derives its predomin..
Global Vegetable Juice Concentrates Prof..
Concentrated vegetable juice is used to naturally impart veg..
Global Jujube Extract Professional Surve..
Jujubes?are widely used in alternative medicine to improve s..
Global Plant Growth Promoters Profession..
Plant growth promoters promote cell division, cell expansion..
Global Agricultural Adjuvants Profession..
Agricultural spray adjuvants are used to enhance the effecti..
Global Bottled Spring Water Professional..
Spring water generally has the same TDS range as tap water.O..
Global Anthocyanin Professional Survey R..
Anthocyanin is a general term for glycoside derivatives of a..
Global Non Dairy Cheese Professional Sur..
Vegetarian cheese is 100% animal-free and made with plant pr..
ReportsWeb has an extensive coverage of industry reports, company reports and country reports accross all industries.
LEARN MORE
+1-646-791 7070US (Toll Free)