Lactic Acid Market by Form (Form, Liquid), Application (Biodegradable Polymers, Food & Beverages, Personal Care Products) - Global Forecast 2024-2030
Description
Lactic Acid Market by Form (Form, Liquid), Application (Biodegradable Polymers, Food & Beverages, Personal Care Products) - Global Forecast 2024-2030
The Lactic Acid Market size was estimated at USD 3.48 billion in 2023 and expected to reach USD 3.79 billion in 2024, at a CAGR 9.03% to reach USD 6.37 billion by 2030.
Global Lactic Acid Market
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Lactic Acid Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Lactic Acid Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Lactic Acid Market, highlighting leading vendors and their innovative profiles. These include ADM, Cargill, Incorporated, Cellulac, Corbion N.V., DuPont de Nemours, Inc., Henan Jindan Lactic Acid Technology Co., Ltd., Hydrite Chemical Co., Jiaan Biotech, Jiangxi Keyuan Bio-Material Co., Ltd., Mitushi Biopharma, Musashino Chemical (China) Co., Ltd., S & G Resources, Inc., Spectrum Chemicals, Teijin Limited, and Vigon International, Inc..
Market Segmentation & Coverage
This research report categorizes the Lactic Acid Market to forecast the revenues and analyze trends in each of the following sub-markets:
Form
Form
Liquid
Application
Biodegradable Polymers
Food & Beverages
Bakery & Confectionery Products
Beverages
Dairy Products
Meat Products
Personal Care Products
Pharmaceutical Products
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Lactic Acid Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Lactic Acid Market?
3. What are the technology trends and regulatory frameworks in the Lactic Acid Market?
4. What is the market share of the leading vendors in the Lactic Acid Market?
5. Which modes and strategic moves are suitable for entering the Lactic Acid Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
189 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Lactic Acid Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. High demand for lactic acid and polylactic acid in various end-user applications
- 5.1.1.2. Increased consumption of disposable plastic packaging
- 5.1.1.3. Growing penetration in the seafood, poultry, and meat industries
- 5.1.2. Restraints
- 5.1.2.1. Fluctuation in raw material prices
- 5.1.3. Opportunities
- 5.1.3.1. Improvements in production activities of lactic acid
- 5.1.3.2. Strategic alliances and investment for capacity expansion
- 5.1.4. Challenges
- 5.1.4.1. Issues pertaining to quality management
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Lactic Acid Market, by Form
- 6.1. Introduction
- 6.2. Form
- 6.3. Liquid
- 7. Lactic Acid Market, by Application
- 7.1. Introduction
- 7.2. Biodegradable Polymers
- 7.3. Food & Beverages
- 7.4.1. Bakery & Confectionery Products
- 7.4.2. Beverages
- 7.4.3. Dairy Products
- 7.4.4. Meat Products
- 7.4. Personal Care Products
- 7.5. Pharmaceutical Products
- 8. Americas Lactic Acid Market
- 8.1. Introduction
- 8.2. Argentina
- 8.3. Brazil
- 8.4. Canada
- 8.5. Mexico
- 8.6. United States
- 9. Asia-Pacific Lactic Acid Market
- 9.1. Introduction
- 9.2. Australia
- 9.3. China
- 9.4. India
- 9.5. Indonesia
- 9.6. Japan
- 9.7. Malaysia
- 9.8. Philippines
- 9.9. Singapore
- 9.
- 10. South Korea
- 9.
- 11. Taiwan
- 9.
- 12. Thailand
- 9.
- 13. Vietnam
- 10. Europe, Middle East & Africa Lactic Acid Market
- 10.1. Introduction
- 10.2. Denmark
- 10.3. Egypt
- 10.4. Finland
- 10.5. France
- 10.6. Germany
- 10.7. Israel
- 10.8. Italy
- 10.9. Netherlands
- 10.
- 10. Nigeria
- 10.
- 11. Norway
- 10.
- 12. Poland
- 10.
- 13. Qatar
- 10.
- 14. Russia
- 10.
- 15. Saudi Arabia
- 10.
- 16. South Africa
- 10.
- 17. Spain
- 10.
- 18. Sweden
- 10.
- 19. Switzerland
- 10.
- 20. Turkey
- 10.
- 21. United Arab Emirates
- 10.
- 22. United Kingdom
- 11. Competitive Landscape
- 11.1. FPNV Positioning Matrix
- 11.2. Market Share Analysis, By Key Player
- 11.3. Competitive Scenario Analysis, By Key Player
- 12. Competitive Portfolio
- 12.1. Key Company Profiles
- 12.1.1. ADM
- 12.1.2. Cargill, Incorporated
- 12.1.3. Cellulac
- 12.1.4. Corbion N.V.
- 12.1.5. DuPont de Nemours, Inc.
- 12.1.6. Henan Jindan Lactic Acid Technology Co., Ltd.
- 12.1.7. Hydrite Chemical Co.
- 12.1.8. Jiaan Biotech
- 12.1.9. Jiangxi Keyuan Bio-Material Co., Ltd.
- 12.1.
- 10. Mitushi Biopharma
- 12.1.
- 11. Musashino Chemical (China) Co., Ltd.
- 12.1.
- 12. S & G Resources, Inc.
- 12.1.
- 13. Spectrum Chemicals
- 12.1.
- 14. Teijin Limited
- 12.1.
- 15. Vigon International, Inc.
- 12.2. Key Product Portfolio
- 13. Appendix
- 13.1. Discussion Guide
- 13.2. License & Pricing
- FIGURE 1. LACTIC ACID MARKET RESEARCH PROCESS
- FIGURE 2. LACTIC ACID MARKET SIZE, 2023 VS 2030
- FIGURE 3. LACTIC ACID MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. LACTIC ACID MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. LACTIC ACID MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. LACTIC ACID MARKET DYNAMICS
- FIGURE 7. LACTIC ACID MARKET SIZE, BY FORM, 2023 VS 2030 (%)
- FIGURE 8. LACTIC ACID MARKET SIZE, BY FORM, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. LACTIC ACID MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 10. LACTIC ACID MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. AMERICAS LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 12. AMERICAS LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. UNITED STATES LACTIC ACID MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 14. UNITED STATES LACTIC ACID MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. ASIA-PACIFIC LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 16. ASIA-PACIFIC LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. EUROPE, MIDDLE EAST & AFRICA LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. EUROPE, MIDDLE EAST & AFRICA LACTIC ACID MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. LACTIC ACID MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 20. LACTIC ACID MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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