Lactic Acid Market

Lactic Acid Market

Lactic Acid Market Forecasts to 2028 – Global Analysis By Product (Food Grade, Industrial Grade), Form (Liquid, Dry), Raw Material (Cassava, Corn, Sugarcane) and By Geography

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4.9 (20 reviews)
Published: 2022 ID: SMRC20347

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2021)

US $1.33 BN

Projected Year Value (2028)

US $3.63 BN

CAGR (2021 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

North America

Highest Growing Market


Lactic Acid Market

According to Stratistics MRC, the Global Lactic Acid Market is accounted for $1.33 billion in 2021 and is expected to reach $3.63 billion by 2028 growing at a CAGR of 15.4% during the forecast period. Lactic acid is a group of acid that is emerging in sour milk and is produced in muscles after a lot of exercises. Lactic acid, also known as hydroxypropionic acid, or 2-hydroxypropanoic acid, an organic compound included in the family of carboxylic acids, available in certain plant juices, and in the muscles and blood of animals, and also in soil. It is the familiar acidic constituent of fermented milk products like sour milk, cheese, and buttermilk.

Market Dynamics:


Growing Demand from the Textile Industry

Lactic acid is widely used as a mordant in the textile industry wherein it also fulfills the function of chrome level effluent control during the process of dye application, which leads to better dye-yields. Considering that there is no other sustainable solution for the process coupled with the fact that textile manufacturing units will continue to use lactic acid, there will be growth prospects in the market for the existing vendors and the emerging entrants. The continuously developing economy is instilling a demand influx in the textile industry. This attributes to the fact that the rise in per capita income will lead to demand growth of not only wearable textile products but also the household ones. Evidently, this is followed by the escalation in the disposable personal income that will bring upon a need for various textile companies to reinvent their product portfolio with different colors combinations.


Instable Raw Material Prices

Raw sugar taken out from sugar beet or sugarcane, or dextrose from cassava starch or corn starch is the key raw materials used for 2-Hydroxypropanoic acid production. The raw sugar is generally sourced locally based on a particular province's most readily available feedstock. Thus, it is based on agricultural factors such as soil and climate conditions, as not all feedstock can be grown effectively in all districts. Though, fluctuating raw material prices and a rise in commodity costs are likely to restrain demand.


Multi-Functionalities of Lactic Acid

Lactic acids play a significant role as a substance in the processing of numerous industrial products. These acids have classically been used in the majority of industrial applications, such as biopolymers, food & beverages, textiles, packaging, and personal care & cosmetics. The market for it has witnessed significant growth as it is increasingly used as a substitute for toxic chemicals and plastics, particularly in food & beverages and pharmaceuticals. In the food & beverage industry, it is preferred over synthetic chemicals, as they alter the flavor, texture, or characteristics of products to increase their shelf life. In the dairy industry, they are used to coagulate milk and produce cheese flavors. Whereas in the brewing industry, lactic acid improves starch conversion in beer, thereby increasing the yield. In the baking industry, lactic acid helps in controlling the acidity of the dough and improving the shelf life of baked goods. Major uses of lactic acid in the food industry are found in cheese manufacturing, baking, confectionery manufacturing, processed meat, and vegetable processing. Due to the various and versatile uses of lactic acid across industries, as well as the multi-functionalities of lactic acids, the market is projected to witness significant growth opportunities during the forecast period.


Maintaining Supply To Demand of Lactic Acid

The major threat in front of the vendors in the market is keeping supply to demand. New applications in the market are being discovered every year, and prospective customers show a predilection for the product because it complies with environmental regulations. So, it’s difficult for the vendors to suffice the demand, and this subsequently warrants the expansion in terms of more manufacturing units which will need further investment, but the continuous demand in the future will ensure that the vendors will get the desired return on investment and attain the breakeven point.

Sugarcane segment is expected to be the largest during the forecast period

The sugarcane segment is expected to dominate the market during the forecast period, owing to the abundant obtainability of biomass materials. Sugarcane bagasse and harvesting residue are the most available resources, which can be utilized as feedstock. Sugarcane is used for bioplastics development and in biochemical and food industries.

The food & beverages segment is expected to have the highest CAGR during the forecast period

The food & beverages sub-segment accounted for considerable market share during the forecast period owing to the incremented demand from the growing population. This is integrated with the demand for preserved food in which lactic acid is used as a food preservative. This food and beverages are significantly supporting the lactic acid market. Additionally, there is also a noticeable increase in the pharmaceutical sector, and that is also creating a marketplace for the vendors.

Region with highest share:

North America is projected to hold the highest market share, owing to its growing usage of it in several end-use applications and the high level of consumer awareness within the country. The increasing number of consumers in the market who depict a willingness to pay a premium to source the organic lactic acid category is also driving growth in the province.  Its sustainable production of it has proven to be a big opportunity for the market as depending on the plant source, less energy requirement, low cost, and eco-friendly benefits.

Region with highest CAGR:

Europe is projected to have the highest CAGR, due to the changing and busy lifestyles of consumers and rapid urbanization led to high demand for processed and convenience products. The major driver for the market is an increased demand for market in meat and other food applications, availability of cheap raw materials, innovation in technology, and strong support of big manufacturing companies in the region. Increasing population, high purchasing power, and growing awareness, as well as changing perception towards healthy features of natural products are propelling the demand and consumption of organic acids such as lactic acid across Europe.

Key players in the market:

Some of the key players profiled in the Lactic Acid Market include Musashino Chemical, CargilCofco Biochemical, Corbion, Danimer Scientific, Dupont, Foodchem International, Galactic, Henan Jindan Lactic Acid Technology, Henan Xinghan Biotechnology, Jungbunzlauer, Sulzer, Unitika Ltd, Vaishnavi Bio-Tech, Vigon International company.

Key developments:

In September 2020: Cargill’s NatureWorks announced a series of manufacturing technology projects, including lactide monomer purification efficiency. This would increase the availability of the full Ingeo (PLA) biomaterials portfolio by 10% and help in catering to the large industrial.

In November 2020: Sulzer merged with B&F PLA (China) for the expansion and development of its first fully-integrated sugar-to-PLA (polylactic acid) plant located in Bengbu, China. The facility utilizes Sulzer’s distillation, crystallization, and polymerization technologies to produce 30,000 tons of PLA per year. This would improve the presence of the company in the Asia Pacific market.

In September 2020: Total Corbion PLA announced to build its second PLA plant with a capacity ramping up to 100,000 tons per annum in Europe. This expansion would make TotalEnergies Corbion the global market leader in PLA, firmly positioned to cater for the rapidly growing demand for Luminy® PLA resins. The new plant is planned to be located on a Total site in Grandpuits, France and to be operational in 2024.

Products Covered: 
• Food Grade             
• Industrial Grade            
• Pharmaceutical Grade  

Forms Covered:
• Dry
• Liquid 

Raw Materials Covered:
• Cassava            
• Corn             
• Sugarcane

Synthesis Covered:
• Chemical Synthesis            
• Microbial Fermentation
Sources Covered:
• Natural
• Synthetic

Functions Covered:
• Anti-Forming Agent             
• Anti-Microbial Agent            
• Emulsifier             
• Flavouring Agent            
• Mineral Fortification            
• pH Regulator            
• Preservative

Applications Covered:
• Lactic Acid Application
• Polylactic Acid Applications
End Users Covered:
• Automotive            
• Biomedical            
• Chemical             
• Textile     

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

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

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 Product Analysis 
 3.7 Appication Analysis 
 3.8 End User Analysis 
 3.9 Emerging Markets 
 3.10 Impact of Covid-19 
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 Product  
 5.1 Introduction 
 5.2 Food Grade               
 5.3 Industrial Grade              
 5.4 Pharmaceutical Grade  
6 Global Lactic Acid Market, By Form  
 6.1 Introduction 
 6.2 Liquid              
 6.3 Dry 
7 Global Lactic Acid Market, By Raw Material  
 7.1 Introduction 
 7.2 Cassava              
 7.3 Corn                
 7.4 Sugarcane  
8 Global Lactic Acid Market, By Synthesis  
 8.1 Introduction 
 8.2 Chemical Synthesis              
 8.3 Microbial Fermentation 
9 Global Lactic Acid Market, By Source  
 9.1 Introduction 
 9.2 Natural              
  9.2.1 Milk Source            
  9.2.2 Plant Source            
 9.3 Synthetic    
10 Global Lactic Acid Market, By Function  
 10.1 Introduction 
 10.2 Anti-Forming Agent               
 10.3 Anti-Microbial Agent              
 10.4 Emulsifier               
 10.5 Flavouring Agent              
 10.6 Mineral Fortification              
 10.7 pH Regulator              
 10.8 Preservative 
11 Global Lactic Acid Market, By Application  
 11.1 Introduction 
 11.2 Lactic Acid Application              
  11.2.1 Biodegradable Plastic & Polymers            
  11.2.2 Food & Beverages       Bakery & Confectionery Products     Dairy Products      Fruits and Vegetable (Pickled Vegetables)     Meat, Poultry, and Fish     Jams     Salad Dressing     Sauces     Savouries     Snacks          
  11.2.3 Home & Personal Care             
  11.2.4 Pharmaceutical Products             
  11.2.5 Other Lactic Acid Applications       Chiral Intermediates     Cleaning Agents     Descaling Agents     Humectants      Lactate Solvents      Metal Complexing Agents     Neutralizers          
 11.3 Polylactic Acid Applications              
  11.3.1 Packaging        Compost Bags     Loose-Fill Packaging      Rigid Packaging          
  11.3.2 Agriculture            
  11.3.3 Electronics & Electrical            
  11.3.4 Fiber & Fabrics            
  11.3.5 Other Polylactic Acid (PLA) Applications        3D Printings      Building & Construction     Coating & Adhesives
12 Global Lactic Acid Market, By End User  

 12.1 Introduction 
 12.2 Automotive              
 12.3 Biomedical              
 12.4 Chemical              
 12.5 Textile       
13 Global Lactic Acid Market, By Geography  

 13.1 Introduction 
 13.2 North America 
  13.2.1 US
  13.2.2 Canada
  13.2.3 Mexico
 13.3 Europe 
  13.3.1 Germany
  13.3.2 UK
  13.3.3 Italy
  13.3.4 France
  13.3.5 Spain
  13.3.6 Rest of Europe
 13.4 Asia Pacific 
  13.4.1 Japan
  13.4.2 China
  13.4.3 India
  13.4.4 Australia
  13.4.5 New Zealand
  13.4.6 South Korea
  13.4.7 Rest of Asia Pacific
 13.5 South America 
  13.5.1 Argentina
  13.5.2 Brazil
  13.5.3 Chile
  13.5.4 Rest of South America
 13.6 Middle East & Africa 
  13.6.1 Saudi Arabia
  13.6.2 UAE
  13.6.3 Qatar
  13.6.4 South Africa
  13.6.5 Rest of Middle East & Africa
14 Key Developments  
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 14.2 Acquisitions & Mergers 
 14.3 New Product Launch 
 14.4 Expansions 
 14.5 Other Key Strategies 
15 Company Profiling  
 15.1 Cargil              
 15.2 Cofco Biochemical                
 15.3 Corbion              
 15.4 Danimer Scientific              
 15.5 Dupont              
 15.6 Foodchem International              
 15.7 Galactic              
 15.8 Henan Jindan Lactic Acid Technology               
 15.9 Henan Xinghan Biotechnology              
 15.10 Jungbunzlauer              
 15.11 Musashino Chemical              
 15.12 Sulzer              
 15.13 Unitika Ltd              
 15.14 Vaishnavi Bio-Tech              
 15.15 Vigon International   

List of Tables   
1 Global Lactic Acid Market Outlook, By Region (2020-2028) (US $MN)   
2 Global Lactic Acid Market Outlook, By Product (2020-2028) (US $MN)   
3 Global Lactic Acid Market Outlook, By Food Grade (2020-2028) (US $MN)   
4 Global Lactic Acid Market Outlook, By Industrial Grade (2020-2028) (US $MN)   
5 Global Lactic Acid Market Outlook, By Pharmaceutical Grade (2020-2028) (US $MN)   
6 Global Lactic Acid Market Outlook, By Form (2020-2028) (US $MN)   
7 Global Lactic Acid Market Outlook, By Liquid (2020-2028) (US $MN)   
8 Global Lactic Acid Market Outlook, By Dry (2020-2028) (US $MN)   
9 Global Lactic Acid Market Outlook, By Raw Material (2020-2028) (US $MN)   
10 Global Lactic Acid Market Outlook, By Cassava (2020-2028) (US $MN)   
11 Global Lactic Acid Market Outlook, By Corn (2020-2028) (US $MN)   
12 Global Lactic Acid Market Outlook, By Sugarcane (2020-2028) (US $MN)   
13 Global Lactic Acid Market Outlook, By Synthesis (2020-2028) (US $MN)   
14 Global Lactic Acid Market Outlook, By Chemical Synthesis (2020-2028) (US $MN)   
15 Global Lactic Acid Market Outlook, By Microbial Fermentation (2020-2028) (US $MN)   
16 Global Lactic Acid Market Outlook, By Source (2020-2028) (US $MN)   
17 Global Lactic Acid Market Outlook, By Natural (2020-2028) (US $MN)   
18 Global Lactic Acid Market Outlook, By Milk Source   (2020-2028) (US $MN)   
19 Global Lactic Acid Market Outlook, By Plant Source (2020-2028) (US $MN)   
20 Global Lactic Acid Market Outlook, By Synthetic (2020-2028) (US $MN)   
21 Global Lactic Acid Market Outlook, By Function (2020-2028) (US $MN)   
22 Global Lactic Acid Market Outlook, By Anti-Forming Agent   (2020-2028) (US $MN)   
23 Global Lactic Acid Market Outlook, By Anti-Microbial Agent (2020-2028) (US $MN)   
24 Global Lactic Acid Market Outlook, By Emulsifier (2020-2028) (US $MN)   
25 Global Lactic Acid Market Outlook, By Flavouring Agent (2020-2028) (US $MN)   
26 Global Lactic Acid Market Outlook, By Mineral Fortification (2020-2028) (US $MN)   
27 Global Lactic Acid Market Outlook, By pH Regulator (2020-2028) (US $MN)   
28 Global Lactic Acid Market Outlook, By Preservative (2020-2028) (US $MN)   
29 Global Lactic Acid Market Outlook, By Application (2020-2028) (US $MN)   
30 Global Lactic Acid Market Outlook, By Lactic acid Application (2020-2028) (US $MN)   
31 Global Lactic Acid Market Outlook, By Biodegradable Plastic & Polymers   (2020-2028) (US $MN)   
32 Global Lactic Acid Market Outlook, By Food & Beverages (2020-2028) (US $MN)   
33 Global Lactic Acid Market Outlook, By Home & Personal Care (2020-2028) (US $MN)   
34 Global Lactic Acid Market Outlook, By Pharmaceutical Products (2020-2028) (US $MN)   
35 Global Lactic Acid Market Outlook, By Other Lactic Acid Applications (2020-2028) (US $MN)   
36 Global Lactic Acid Market Outlook, By Polylactic Acid Applications (2020-2028) (US $MN)   
37 Global Lactic Acid Market Outlook, By Packaging (2020-2028) (US $MN)   
38 Global Lactic Acid Market Outlook, By Agriculture (2020-2028) (US $MN)   
39 Global Lactic Acid Market Outlook, By Electronics & Electrical (2020-2028) (US $MN)   
40 Global Lactic Acid Market Outlook, By Fiber & Fabrics (2020-2028) (US $MN)   
41 Global Lactic Acid Market Outlook, By Other Polylactic Acid (PLA) Applications (2020-2028) (US $MN)   
42 Global Lactic Acid Market Outlook, By End User (2020-2028) (US $MN)   
43 Global Lactic Acid Market Outlook, By Automotive (2020-2028) (US $MN)   
44 Global Lactic Acid Market Outlook, By Biomedical (2020-2028) (US $MN)   
45 Global Lactic Acid Market Outlook, By Chemical (2020-2028) (US $MN)   
46 Global Lactic Acid Market Outlook, By Textile (2020-2028) (US $MN)   
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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