Latest research report on “Lactic Acid Market” now available at high quality database of ReportsnReports.com with market size, share, trends, competitive and statistical analysis. An exclusive data offered in this report is collected by research and industry experts team.
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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.
This report contains market size and forecasts of Lactic Acid in global, including the following market information:
Global Lactic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lactic Acid Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Lactic Acid companies in 2021 (%)
The global Lactic Acid market was valued at 995.3 million in 2021 and is projected to reach US$ 1174.4 million by 2028, at a CAGR of 2.4% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Food Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lactic Acid include Corbion, Naturework, Galactic, Henan Jindan Lactic Acid Technology, COFCO Biochemical, Musashino Chemical, Yancheng Haijianuo, Wuhan Sanjiang Space Good Biotech and Shanxi Biochemical, etc. In 2021,
The global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Lactic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lactic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acid Market Segment Percentages, by Type, 2021 (%)
– Food Grade
– Industrial Grade
– Pharmaceutical Grade
Global Lactic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acid Market Segment Percentages, by Application, 2021 (%)
– Home & personal Care
– Industrial Applications
– Food & Beverage
Global Lactic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acid Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– – China
– – Japan
– – South Korea
– – Southeast Asia
– – India
– – Rest of Asia
– South America
– – Brazil
– – Argentina
– – Rest of South America
– Middle East & Africa
– – Turkey
– – Israel
– – Saudi Arabia
– – UAE
– – Rest of Middle East & Africa
The report also provides analysis of leading market participants including:
Key companies Lactic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lactic Acid revenues share in global market, 2021 (%)
Key companies Lactic Acid sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Lactic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
– Henan Jindan Lactic Acid Technology
– COFCO Biochemical
– Musashino Chemical
– Yancheng Haijianuo
– Wuhan Sanjiang Space Good Biotech
– Shanxi Biochemical
– Zhengzhou Tianrun
– Shangdong Fullsail
– Tripura Bio Tech Limited
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