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Lactic Acid - Global Market Outlook (2017-2026)

Lactic Acid - Global Market Outlook (2017-2026)

According to Stratistics MRC, the Lactic Acid market is accounted for $2.65 billion in 2017 and is expected to reach $13.23 billion by 2026 growing at a CAGR of 19.6%. Factors influencing the market growth include rising demand for environment-friendly products, increasing demand for green packaging and growing medical expenditure coupled with the growth of pharmaceutical industries. However, factors such as fluctuation in raw material prices are hindering the market growth.

Lactic acid is an organic water soluble compound produced by the chemical breakdown of carbohydrates such as lactose or glucose. Lactic acids are mostly used for the conservation and flavoring. Moreover, it is also used in the manufacturing of some other chemicals such as acrylic acid, dilactide and glycol. Lactic acid is also used in the pharmaceutical sector for the production of water-soluble lactates.

Based on end user, biodegradable polymers segment is expected to have considerable market share due to growing environmental concerns from petroleum-based polymers, increasing consumer awareness about eco-friendly packaging, fluctuation in oil prices and rising demand for natural, sustainable and green products.

By geography, North America was the dominant market. The region is likely to show extensive growth in light of high demand for PLA and personal care products. Rising pharmaceutical and fragrance industry is expected to drive industry expansion in North America. Rising pharmaceutical industry in the U.S. and Mexico due to government support and increasing investment by local participants will fuel industry expansion over the upcoming years.

Some of the key players in the Lactic Acid market include BASF, The DOW Chemical Company, ADM, Galactic, Plaxica, Chongqing Bofei Biochemical Products, Wuhan Sanjiang Space Good Biotech, Yancheng Haijianuo Biological Engineering, Bioprox, Jungbunzlauer, Myriant Corporation, Vaishnavi Bio Tech, Thyssenkrupp, TEIJIN LIMITED, Corbion, Henan Jindan Lactic Acid Co., Ltd., PURAC, Natureworks LLC, Futerro and Sulzer.

Sources Covered:
• Synthetic Source
• Natural Source

Functions Covered:
• Flavour
• Preservative
• Mineral Fortification
• Antimicrobial Agent
• pH Regulator
• Other Functions

Ingredients Covered:
• Wheat
• Corn/Maize
• sugarcane
• Cassava

End Users Covered:
• Pharmaceuticals
• Biodegradable Polymers
• Personal Care Products
• Food and Beverages
• Chemical
• Other End Users

Applications Covered:
• Baked Products
• Dairy Products
• Savoury Flavours
• Pickled Vegetables
• Salad Dressing
• Meat Poultry and Fish

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Lactic Acid Market, By Source
5.1 Introduction
5.2 Synthetic Source
5.3 Natural Source
5.3.1 Plant Source
5.3.2 Dairy Source
6 Global Lactic Acid Market, By Function
6.1 Introduction
6.2 Flavour
6.3 Preservative
6.4 Mineral Fortification
6.5 Antimicrobial Agent
6.6 pH Regulator
6.7 Other Functions
7 Global Lactic Acid Market, By Ingredients
7.1 Introduction
7.2 Wheat
7.3 Corn/Maize
7.4 sugarcane
7.5 Cassava
8 Global Lactic Acid Market, By End User
8.1 Introduction
8.2 Pharmaceuticals
8.3 Biodegradable Polymers
8.4 Personal Care Products
8.5 Food and Beverages
8.6 Chemical
8.7 Other End Users
9 Global Lactic Acid Market, By Application
9.1 Introduction
9.2 Baked Products
9.3 Dairy Products
9.4 Savoury Flavours
9.5 Pickled Vegetables
9.6 Salad Dressing
9.7 Meat Poultry and Fish
10 Global Lactic Acid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 BASF
12.2 The DOW Chemical Company
12.3 ADM
12.4 Galactic
12.5 Plaxica
12.6 Chongqing Bofei Biochemical Products
12.7 Wuhan Sanjiang Space Good Biotech
12.8 Yancheng Haijianuo Biological Engineering
12.9 Bioprox
12.10 Jungbunzlauer
12.11 Myriant Corporation
12.12 Vaishnavi Bio Tech
12.13 Thyssenkrupp
12.14 TEIJIN LIMITED
12.15 Corbion
12.16 Henan Jindan Lactic Acid Co., Ltd.
12.17 PURAC
12.18 Natureworks LLC
12.19 Futerro
12.20 Sulzer
List of Tables
Table 1 Global Lactic Acid Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Lactic Acid Market Outlook, By Source (2016-2026) ($MN)
Table 3 Global Lactic Acid Market Outlook, By Synthetic Source (2016-2026) ($MN)
Table 4 Global Lactic Acid Market Outlook, By Natural Source (2016-2026) ($MN)
Table 5 Global Lactic Acid Market Outlook, By Plant Source (2016-2026) ($MN)
Table 6 Global Lactic Acid Market Outlook, By Dairy Source (2016-2026) ($MN)
Table 7 Global Lactic Acid Market Outlook, By Function (2016-2026) ($MN)
Table 8 Global Lactic Acid Market Outlook, By Flavour (2016-2026) ($MN)
Table 9 Global Lactic Acid Market Outlook, By Preservative (2016-2026) ($MN)
Table 10 Global Lactic Acid Market Outlook, By Mineral Fortification (2016-2026) ($MN)
Table 11 Global Lactic Acid Market Outlook, By Antimicrobial Agent (2016-2026) ($MN)
Table 12 Global Lactic Acid Market Outlook, By pH Regulator (2016-2026) ($MN)
Table 13 Global Lactic Acid Market Outlook, By Other Functions (2016-2026) ($MN)
Table 14 Global Lactic Acid Market Outlook, By Ingredients (2016-2026) ($MN)
Table 15 Global Lactic Acid Market Outlook, By Wheat (2016-2026) ($MN)
Table 16 Global Lactic Acid Market Outlook, By Corn/Maize (2016-2026) ($MN)
Table 17 Global Lactic Acid Market Outlook, By sugarcane (2016-2026) ($MN)
Table 18 Global Lactic Acid Market Outlook, By Cassava (2016-2026) ($MN)
Table 19 Global Lactic Acid Market Outlook, By End User (2016-2026) ($MN)
Table 20 Global Lactic Acid Market Outlook, By Pharmaceuticals (2016-2026) ($MN)
Table 21 Global Lactic Acid Market Outlook, By Biodegradable Polymers (2016-2026) ($MN)
Table 22 Global Lactic Acid Market Outlook, By Personal Care Products (2016-2026) ($MN)
Table 23 Global Lactic Acid Market Outlook, By Food and Beverages (2016-2026) ($MN)
Table 24 Global Lactic Acid Market Outlook, By Chemical (2016-2026) ($MN)
Table 25 Global Lactic Acid Market Outlook, By End Users (2016-2026) ($MN)
Table 26 Global Lactic Acid Market Outlook, By Application (2016-2026) ($MN)
Table 27 Global Lactic Acid Market Outlook, By Baked Products (2016-2026) ($MN)
Table 28 Global Lactic Acid Market Outlook, By Dairy Products (2016-2026) ($MN)
Table 29 Global Lactic Acid Market Outlook, By Savoury Flavours (2016-2026) ($MN)
Table 30 Global Lactic Acid Market Outlook, By Pickled Vegetables (2016-2026) ($MN)
Table 31 Global Lactic Acid Market Outlook, By Salad Dressing (2016-2026) ($MN)
Table 32 Global Lactic Acid Market Outlook, By Meat Poultry and Fish (2016-2026) ($MN)
Note: Regional Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are presented in the same manner above.

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