Lactic Acids Market Analysis 2022-2028 with Industry Chain Structure, Competitive Landscape

Latest research report on “Lactic Acids Market” now available at high quality database of 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 (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.
This report contains market size and forecasts of Lactic Acids in global, including the following market information:
Global Lactic Acids Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lactic Acids Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Lactic Acids companies in 2021 (%)
The global Lactic Acids market was valued at 1517.9 million in 2021 and is projected to reach US$ 1850.5 million by 2028, at a CAGR of 2.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
L-lactic Acid Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lactic Acids include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, Galactic, BBCA Group, Jungbunzlauer, Shandong Parkson Biotechnology, Musashino Chemical and Henan Xinghan Biotechnology, 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 Acids 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 Acids Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Type, 2021 (%)
– L-lactic Acid
– D-lactic Acid
– DL-lactic Acid
Global Lactic Acids Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Application, 2021 (%)
– Food & Beverage
– Polylactic Acid
– Industrial
– Pharmaceutical
– Personal Care
– Others
Global Lactic Acids Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, By Region and Country, 2021 (%)
– North America
– – US
– – Canada
– – Mexico
– Europe
– – Germany
– – France
– – U.K.
– – Italy
– – Russia
– – Nordic Countries
– – Benelux
– – Rest of Europe
– Asia
– – 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

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lactic Acids revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lactic Acids revenues share in global market, 2021 (%)
Key companies Lactic Acids sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Lactic Acids sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:
– 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
– B&G

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