Global Lactic Acids market will register a 2.3% CAGR in terms of revenue, the market size will reach USD 1030 Million by 2024, from USD 920 Million in 2019.
Lactic acid 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.
The United States is the world's largest consumer market. Its consumptions account for about 30% of the world.China became the world's second consumer market after 2011, and its accounting for about 25% of the world.
With the continuous development of technology of lactic acid, its capacity, production and consumption have varying degrees of growth.
The main downstream products of lactic acid are PLA, the PLA's expansion will cause the rise of lactic acid consumption, and therefore, consumption growth in industrial application is significantly higher than the others.
According to this study, over the next five years the Lactic Acids market will register a 2.3% CAGR in terms of revenue, the global market size will reach US$ 1030 million by 2024, from US$ 920 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Lactic Acids business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Lactic Acids market by product type, application, key manufacturers and key regions and countries.
This study considers the Lactic Acids value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
L-lactic Acid
D-lactic Acid
DL-lactic Acid
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial Use
Food and Beverage
Pharmaceutical and Personal Care
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Corbion-Purac
Cargill
Galactic
Musashino
ADM
Henan Jindan Lactic Acid Technology
B&G
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Lactic Acids consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Lactic Acids market by identifying its various subsegments.
Focuses on the key global Lactic Acids manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Lactic Acids with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Lactic Acids submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of Contents
2019-2024 Global Lactic Acids Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Lactic Acids Consumption 2014-2024
2.1.2 Lactic Acids Consumption CAGR by Region
2.2 Lactic Acids Segment by Type
2.2.1 L-lactic Acid
2.2.2 D-lactic Acid
2.2.3 DL-lactic Acid
2.3 Lactic Acids Consumption by Type
2.3.1 Global Lactic Acids Consumption Market Share by Type (2014-2019)
2.3.2 Global Lactic Acids Revenue and Market Share by Type (2014-2019)
2.3.3 Global Lactic Acids Sale Price by Type (2014-2019)
2.4 Lactic Acids Segment by Application
2.4.1 Industrial Use
2.4.2 Food and Beverage
2.4.3 Pharmaceutical and Personal Care
2.5 Lactic Acids Consumption by Application
2.5.1 Global Lactic Acids Consumption Market Share by Application (2014-2019)
2.5.2 Global Lactic Acids Value and Market Share by Application (2014-2019)
2.5.3 Global Lactic Acids Sale Price by Application (2014-2019)
3 Global Lactic Acids by Players
3.1 Global Lactic Acids Sales Market Share by Players
3.1.1 Global Lactic Acids Sales by Players (2017-2019)
3.1.2 Global Lactic Acids Sales Market Share by Players (2017-2019)
3.2 Global Lactic Acids Revenue Market Share by Players
3.2.1 Global Lactic Acids Revenue by Players (2017-2019)
3.2.2 Global Lactic Acids Revenue Market Share by Players (2017-2019)
3.3 Global Lactic Acids Sale Price by Players
3.4 Global Lactic Acids Manufacturing Base Distribution, Sales Area, Product Types by Players
3.4.1 Global Lactic Acids Manufacturing Base Distribution and Sales Area by Players
3.4.2 Players Lactic Acids Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 Lactic Acids by Regions
4.1 Lactic Acids by Regions
4.1.1 Global Lactic Acids Consumption by Regions
4.1.2 Global Lactic Acids Value by Regions
4.2 Americas Lactic Acids Consumption Growth
4.3 APAC Lactic Acids Consumption Growth
4.4 Europe Lactic Acids Consumption Growth
4.5 Middle East & Africa Lactic Acids Consumption Growth
5 Americas
5.1 Americas Lactic Acids Consumption by Countries
5.1.1 Americas Lactic Acids Consumption by Countries (2014-2019)
5.1.2 Americas Lactic Acids Value by Countries (2014-2019)
5.2 Americas Lactic Acids Consumption by Type
5.3 Americas Lactic Acids Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Lactic Acids Consumption by Countries
6.1.1 APAC Lactic Acids Consumption by Countries (2014-2019)
6.1.2 APAC Lactic Acids Value by Countries (2014-2019)
6.2 APAC Lactic Acids Consumption by Type
6.3 APAC Lactic Acids Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Lactic Acids by Countries
7.1.1 Europe Lactic Acids Consumption by Countries (2014-2019)
7.1.2 Europe Lactic Acids Value by Countries (2014-2019)
7.2 Europe Lactic Acids Consumption by Type
7.3 Europe Lactic Acids Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Lactic Acids by Countries
8.1.1 Middle East & Africa Lactic Acids Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa Lactic Acids Value by Countries (2014-2019)
8.2 Middle East & Africa Lactic Acids Consumption by Type
8.3 Middle East & Africa Lactic Acids Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 Lactic Acids Distributors
10.3 Lactic Acids Customer
11 Global Lactic Acids Market Forecast
11.1 Global Lactic Acids Consumption Forecast (2019-2024)
11.2 Global Lactic Acids Forecast by Regions
11.2.1 Global Lactic Acids Forecast by Regions (2019-2024)
11.2.2 Global Lactic Acids Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global Lactic Acids Forecast by Type
11.8 Global Lactic Acids Forecast by Application
12 Key Players Analysis
12.1 Corbion-Purac
12.1.1 Company Details
12.1.2 Lactic Acids Product Offered
12.1.3 Corbion-Purac Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Corbion-Purac News
12.2 Cargill
12.2.1 Company Details
12.2.2 Lactic Acids Product Offered
12.2.3 Cargill Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Cargill News
12.3 Galactic
12.3.1 Company Details
12.3.2 Lactic Acids Product Offered
12.3.3 Galactic Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Galactic News
12.4 Musashino
12.4.1 Company Details
12.4.2 Lactic Acids Product Offered
12.4.3 Musashino Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 Musashino News
12.5 ADM
12.5.1 Company Details
12.5.2 Lactic Acids Product Offered
12.5.3 ADM Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 ADM News
12.6 Henan Jindan Lactic Acid Technology
12.6.1 Company Details
12.6.2 Lactic Acids Product Offered
12.6.3 Henan Jindan Lactic Acid Technology Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 Henan Jindan Lactic Acid Technology News
12.7 B&G
12.7.1 Company Details
12.7.2 Lactic Acids Product Offered
12.7.3 B&G Lactic Acids Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 B&G News
...
13 Research Findings and Conclusion
*If Applicable.