Lactic Acid - Global Market Outlook (2017-2026)

Lactic Acid - Global Market Outlook (2017-2026)

  • Published: September 2018
  • ID: SMRC17582

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    
1 Global Lactic Acid Market Outlook, By Region (2016-2026) ($MN)
2 Global Lactic Acid Market Outlook, By Source (2016-2026) ($MN)
3 Global Lactic Acid Market Outlook, By Synthetic Source (2016-2026) ($MN)
4 Global Lactic Acid Market Outlook, By Natural Source (2016-2026) ($MN)
5 Global Lactic Acid Market Outlook, By Plant Source (2016-2026) ($MN)
6 Global Lactic Acid Market Outlook, By Dairy Source (2016-2026) ($MN)
7 Global Lactic Acid Market Outlook, By Function (2016-2026) ($MN)
8 Global Lactic Acid Market Outlook, By Flavour (2016-2026) ($MN)
9 Global Lactic Acid Market Outlook, By Preservative (2016-2026) ($MN)
10 Global Lactic Acid Market Outlook, By Mineral Fortification (2016-2026) ($MN)
11 Global Lactic Acid Market Outlook, By Antimicrobial Agent (2016-2026) ($MN)
12 Global Lactic Acid Market Outlook, By pH Regulator (2016-2026) ($MN)
13 Global Lactic Acid Market Outlook, By Other Functions (2016-2026) ($MN)
14 Global Lactic Acid Market Outlook, By Ingredients (2016-2026) ($MN)
15 Global Lactic Acid Market Outlook, By Wheat (2016-2026) ($MN)
16 Global Lactic Acid Market Outlook, By Corn/Maize (2016-2026) ($MN)
17 Global Lactic Acid Market Outlook, By sugarcane (2016-2026) ($MN)
18 Global Lactic Acid Market Outlook, By Cassava (2016-2026) ($MN)
19 Global Lactic Acid Market Outlook, By End User (2016-2026) ($MN)
20 Global Lactic Acid Market Outlook, By Pharmaceuticals (2016-2026) ($MN)
21 Global Lactic Acid Market Outlook, By Biodegradable Polymers (2016-2026) ($MN)
22 Global Lactic Acid Market Outlook, By Personal Care Products (2016-2026) ($MN)
23 Global Lactic Acid Market Outlook, By Food and Beverages (2016-2026) ($MN)
24 Global Lactic Acid Market Outlook, By Chemical (2016-2026) ($MN)
25 Global Lactic Acid Market Outlook, By End Users (2016-2026) ($MN)
26 Global Lactic Acid Market Outlook, By Application (2016-2026) ($MN)
27 Global Lactic Acid Market Outlook, By Baked Products (2016-2026) ($MN)
28 Global Lactic Acid Market Outlook, By Dairy Products (2016-2026) ($MN)
29 Global Lactic Acid Market Outlook, By Savoury Flavours (2016-2026) ($MN)
30 Global Lactic Acid Market Outlook, By Pickled Vegetables (2016-2026) ($MN)
31 Global Lactic Acid Market Outlook, By Salad Dressing (2016-2026) ($MN)
32 Global Lactic Acid Market Outlook, By Meat Poultry and Fish (2016-2026) ($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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