The global Lactic Acids market was valued at US$ 966.1 million in 2020 and is expected to reach US$ 1764.6 million by the end of 2027, growing at a CAGR of 3.0% during 2021-2027.
Lactic acid (CAS 50-21-5) has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid.
Global lactic acids(CAS 50-21-5) key players include Corbion-Purac, NatureWorks etc.Global top 3 manufacturers hold a share over 78%.
North America and China are the large market with a share both about 34%, followed by Europe with a share about 15 percent.
Global Lactic Acids Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lactic Acids Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, Galactic, BBCA Group, Jungbunzlauer, Shandong Parkson Biotechnology, Musashino Chemical, Henan Xinghan Biotechnology, Wuhan Sanjiang Space Good Biotech, Shandong Shouguang Juneng Golden, Shanxi Leda Biochemical, Shangdong Fullsail, Cargill, ADM, B&G and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-lactic-acids-market-outlook
Segment by Type
- L-lactic Acid
- D-lactic Acid
- DL-lactic Acid
Segment by Application
- Food & Beverage
- Polylactic Acid
- Personal Care
Table of Content:
1 Lactic Acids Market Overview
2 Lactic Acids Market Competition by Manufacturers
3 Lactic Acids Retrospective Market Scenario by Region
4 Global Lactic Acids Historic Market Analysis by Type
5 Global Lactic Acids Historic Market Analysis by Application
6 Key Companies Profiled
7 Lactic Acids Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Lactic Acids Market Dynamics
10 Global Lactic Acids Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta