Lactic Acid Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: FBR 0085 Report Format: PDF + Excel

Lactic Acid Market Overview

Lactic Acid Market size is estimated to reach $1.4 billion by 2027, growing at a CAGR of 8.3% during the forecast period 2022-2027. Lactic acid is one of the most well-known organic acids, with an extensive series of industrial applications. The food, chemical, pharmaceutical and cosmetics sectors are mostly utilizing lactic acid. Lactobacillales are an order of gram-positive, low-GC, acid-tolerant, ordinarily nonsporulating, non-respiring, either rod-shaped (bacilli) or spherical (cocci) bacteria that share typical metabolic and physiological traits. These bacteria, normally discovered in decomposing plants and milk products, generate lactic acid as the principal metabolic end product of carbohydrate fermentation, providing them the typical name lactic acid bacteria (LAB). Lactic acid is essential for preparing wine and fermented dairy products, as well as pickling vegetables. Lactic acid E270 can be utilized in meat, poultry and fish in the form of sodium or potassium lactate to expand shelf life, regulate pathogenic bacteria (enhance food security), improve and safeguard meat flavor, enhance water binding capacity and decrease sodium. Lactic acid serves an assortment of purposes, like a catalyst, food emulsifier and hazardous chemical or plastic replacement. Lactic acid is utilized as a catalyst in the generation of an assortment of industrial products. The application of lactic acid as a substitute for harmful chemicals and polymers, particularly in food and drinks and pharmaceuticals, is fueling the expansion of the Lactic Acid Industry. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It is utilized as a synthetic intermediate in numerous organic synthesis industries and in different biochemical industries. The conjugate base of lactic acid is termed lactate. The derived acyl group is named Lactoyl. Enzyme Lactate dehydrogenase (LDH) is an enzyme discovered in most living organisms accountable for the conversion of pyruvate, the end product of glycolysis, into lactic acid. Additionally, lactic acid has several applications in the manufacture of drugs as an electrolyte in numerous, parenteral/I.V. The principal functions for pharmaceutical applications are pH-regulation, chiral intermediate and metal sequestration, as a natural body component in pharmaceutical products.

The surging application of lactic acid in distinct end-use sectors, inclusive of pharmaceuticals and food and beverages is set to drive the Lactic Acid Market. The soaring accessibility of cheap raw materials, different functional characteristics of lactic acid and the regulatory approval by international regulations are set to propel the growth of the Lactic Acid Industry during the forecast period 2022-2027. This represents the Lactic Acid Industry Outlook.

Lactic Acid Market Report Coverage

The Lactic Acid Market Report - Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Lactic Acid Market.

By Raw Material: Sugarcane, Corn, Cassava and Others.
By Application: Food & Beverages, Pharmaceuticals, Personal Care and Others.
By Geography: North America (the U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest Of The World (Middle East, Africa).

Key Takeaways

  • Geographically, North America (Lactic Acid market share) accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the expanding personal care, pharmaceutical applications involving functions like metal sequestration and food and beverages industries and the advancing pharmaceutical industry in the U.S. as a result of rising expenditures on medicines in the North American region.
  • Lactic Acid Market growth is being driven by the surging application of lactic acid which is an alpha hydroxy acid (AHA), in the production of Polylactic Acid (PLA), which is a biodegradable polymer and a compostable thermoplastic prepared from renewable sources, like lactic acid, generated through fermentation processes. However, the fermentation process of the lactic acid which needs technological optimization and product purification and the biotechnological production needing optimization of nutrients thereby resulting in soaring manufacturing costs are some of the major factors hampering the growth of the Lactic Acid Market.
  • Lactic Acid Market Detailed Analysis of the Strength, Weaknesses and Opportunities of the prominent players operating in the market will be provided in the Lactic Acid Market report.

Lactic Acid Market: Market Share (%) By Region, 2021

Lactic Acid Market

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Lactic Acid Market Segment Analysis - by Raw Material

The Lactic Acid Market based on raw materials can be further segmented into Sugarcane, Corn, Cassava and Others. The Sugarcane Segment held the largest Lactic Acid market share in 2021. This growth is owing to the surging application of Sugarcane as feedstock for the production of lactic acid attributed to its allowing producers to enhance sustainability. For example, the increase in demand for farming land across the globe makes sugarcane a more beneficial raw material owing to its typically producing a higher yield per hectare than other feedstocks, like corn or rice. This means that there needs to be an abundance of sugar accessible for lactic acid producers to utilize even when farming land decreases. Its byproduct molasses include heavy metals which have a growth-inhibitory effect. The main sugar content in molasses is sucrose which often needs to be hydrolyzed to glucose and fructose, especially for utilization by Lactobacillus species. Lactobacillus species can convert sugar content to lactic acid with great efficiency. Lactic acid is an alpha hydroxy acid (AHA) and is a chemical exfoliator typically made from sugarcane which is further propelling the growth of the Sugarcane segment.

Furthermore, the Corn segment is estimated to grow with the fastest CAGR of 9.5% during the forecast period 2022-2027 owing to the soaring preparation of Lactic acid which is an alpha hydroxy acid (AHA) from corn and its frequent application as an exfoliant and in anti-wrinkle products and in body wash where it functions as a natural preservative. Presently, nearly 90% of the commercially accessible lactic acid is generated by submerged fermentation of corn and the corn feedstock is responsible for almost 70% of the complete production cost (Abdel-Rahman et al., 2013). The heightening production of Poly(lactic acid) or polylactic acid or polylactide (PLA) as a biodegradable and bioactive thermoplastic aliphatic polyester derived from renewable biomass, classically from fermented plant starch like from corn is further fuelling the growth of this segment.

Lactic Acid Market Segment Analysis - by Application

The Lactic Acid Market based on the application can be further segmented into Food & Beverages, Pharmaceuticals, Personal Care and Others. The Food & Beverages Segment held the largest Lactic Acid market share in 2021. This growth is owing to the advantageous characteristics of Lactic acid like its capacity to enhance the flavor of food and beverages while also extending their shelf life by inhibiting the growth of pathogenic microbes. With the heightening penetration of lactic acid in the fish, poultry and meat industries, demand for these products is estimated to increase as a result of these features. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. It occurs naturally in numerous edible products and is also a vital ingredient in the food industry. Also, lactic acid is non-toxic and consequently recognized and classified as a ‘Generally Recognized as Safe’ substance by the U.S. Food and Drug Administration (FDA) for extensive application as an additive in the food industry. The soaring application of lactic acid as a flavoring substance in numerous food products like pickles and fermented milk, the production of lactic acid during the fermentation process of numerous healthy foods, including yogurt, kimchi and miso and the proliferating application of lactic acid as a food preservative for cheese, olives and desserts are further propelling the growth of this segment.

Furthermore, the Pharmaceuticals segment is estimated to grow with the fastest CAGR of 9.9% during the forecast period 2022-2027 owing to the expanding application of Lactic acid in pharmaceutical manufacture. Lactic acid is divided into lactate (Lactate ions) and Hydrogen ions. The advantageous properties of lactic acid like metal sequestration, pH regulator, effectiveness in being a natural body constituent and chiral intermediate in pharmaceutical products are further fuelling the growth of this segment.

Lactic Acid Market Segment Analysis - by Geography

The Lactic Acid Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. North America (Lactic Acid Market) held the largest Lactic Acid market share with 39% of the overall market in 2021. this growth is owing to the existence of personal care and cosmetic firms like Maybelline New York, Procter and Gamble, the Colgate-Palmolive Company, Avon, Unilever and Johnson and Johnson Private Limited in the North American regionThe robust manufacturing base of international cosmetic manufacturers, like Procter and Gamble, Unilever and Johnson and Johnson Private Limited, in the U.S. results in greater demand for personal care products, emerging demand for Polylactic Acid (PLA) attributed to the U.S. government's endeavors toward decreasing carbon footprint, soaring demand from packaging applications and the growth of the pharmaceutical and personal care industries are further propelling the growth of the Lactic Acid Industry contributing to the Lactic Acid Industry Outlook in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the rise in the application of lactic acid as a food additive resulting in greater demand for lactic acid in the Asia-Pacific region. Lactate is metabolized essentially in the liver (60%) and kidney (30%). Heightened demand for lactic acid in meat and additional food applications, accessibility of low-cost raw materials, technological innovation and powerful backing from large manufacturing businesses are further fuelling the growth of the Lactic Acid Industry in the Asia-Pacific region.

Lactic Acid Market Drivers

The Growing Demand for Lactic Acid in Food and Beverage Applications is Propelling the Growth of the Lactic Acid Market:

Lactic acid is considered a critical constituent in food and beverage products owing to its distinct functional qualities. The extensive series of applications of lactic acid in the food and beverage sector, as well as the assortment of functional advantages provided by food acidulants, are fuelling the growth of the Lactic Acid Market. There are two kinds of lactic acid drinks namely lactic drinks and pasteurized lactic drinks. Pasteurized lactic drinks are manufactured by pasteurizing fermented milk. Proteins in lactic acid drinks are suitably stabilized in order to avoid sedimentation and separation during the shelf life. In the food & beverage industry, lactic acid is preferred over synthetic chemicals owing to their altered flavor, texture, or characteristics of products to increase their shelf life. In the dairy industry, lactic acids 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 help 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. The molecular weight or molar mass of lactic acid is 90.08g/mol while its PH level is 3.51 per 1 mM of lactic acid. The recommended dosage of calcium lactate in the dough is 0.1-1% to restrict mold growth and for good taste. Formerly utilized at concentrations between 2 and 5 percent to treat beef, lactic acid is certified for application at concentrations up to 10 percent for certain processes. The growing demand for lactic acid in food and beverage applications is therefore propelling the growth of the Lactic Acid Market.

The Increasing Usage of Lactic Acid in Pharmaceuticals, Cosmetics and Personal Care Industry is Fuelling the Growth of the Lactic Acid Industry:

Presently, lactic acid is utilized in pharmaceutical and cosmetic industries based on its functional characteristics. This alpha hydroxyl acid plays numerous significant roles in several biochemical pathways. Lactic acid esters are finding expanded application in agrochemicals and pharmaceuticals. In agrochemicals, they are utilized to generate environment-friendly insecticides and pesticides. In the pharmaceutical sector, lactic acid esters are utilized in manufacturing ointments and medicines. One of the principal functions of pharmaceutical applications is metal sequestration. Lactic acid is used as a humectant, exfoliator, pH adjuster and skin prepping agent in different beautifying and personal maintenance products. Lactic acid is an alpha hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group It smoothens, revitalizes and sets an even skin texture while appearing firmer. It helps in diminishing acne spots, wrinkles and fine lines on the skin. Additionally, the product is included in hair products owing to its capability to reinforce fragile hair. The upsurge in user consciousness is estimated to amplify the demand for cosmetics and individual maintenance products and further thrust the market development. The promptly increasing number of social media handlers, tailored advertisements and celebrated social influencers recommending numerous cosmetic products by way of these media are estimated to boost cosmetic and personal care product sales. Further, brands with online websites and e-commerce businesses like Alibaba Express and Amazon have amplified online shopping, which, in turn, may bolster the demand for cosmetic and personal care products. Lactic acid is an alpha hydroxy acid, or AHA, utilized in over-the-counter (OTC) skin care products and professional treatments. Over-the-counter lactic acid products come in distinct concentrations, from 5% to greater than 30%. The increasing usage of lactic acid in pharmaceuticals, cosmetic and personal care industries is therefore fuelling the growth of the Lactic Acid Industry thereby contributing to the Lactic Acid Industry Outlook during the forecast period 2022-2027.

Lactic Acid Market Challenges

The Possible Side Effects of Lactic Acid in Food are Hampering the Growth of the Lactic Acid Market:

Lactic acid is an alpha-hydroxy acid (AHA) owing to the existence of a hydroxyl group adjacent to the carboxyl group. Lactic Acid, 85 Percent, FCC is utilized as a food preservative, curing agent and flavoring agent. Lactic acid, or lactate, may be regarded as a chemical byproduct of anaerobic respiration. Although lactic acid is typically regarded as safe and has been connected with numerous health advantages, it may bring about side effects for certain people. Specifically, fermented foods and probiotics may temporarily aggravate digestive problems like gas and bloating. One small investigation in 38 people connected probiotic application, increased blood levels of lactic acid and bacterial overgrowth in the small intestine with symptoms like gas, bloating and brain fog - a condition represented by impaired memory and concentration. Certain research also recommends that probiotics influence immune function distinctly in healthy people in comparison with those who are immunocompromised. Furthermore, these safety concerns are principally for individuals with serious health conditions utilizing probiotic supplements. Probiotics, inclusive of lactic acid-producing bacteria, may bring about digestive issues and brain fog in certain people. They may also adversely influence immunocompromised people, though this mostly applies to supplements instead of foods. These issues are restraining the growth of the Lactic Acid Market.

Lactic Acid Industry Outlook

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Lactic Acid Market. The Top 10 companies in the Lactic Acid market are:

  1. Galactic
  2. Corbion N.V.
  3. Cargill Incorporated
  4. DuPont de Nemour Inc.
  5. Vigon International Inc.
  6. Henan Jindan Lactic Acid Technology Co. Ltd.
  7. BASF SE
  8. Mitushi Biopharma
  9.  Musashino Chemical Laboratory
  10. Synbra Technology

Recent Developments

  • In September 2021, LG Chem, a leading global diversified chemical firm and ADM, a global leader in nutrition and biosolutions, declared that they have marked a memorandum of understanding (MoU) to explore US-based generation of lactic acid to meet the burgeoning demand for an extensive assortment of plant-based products, inclusive of bioplastics.  The terms of the agreement were signed by Juan Luciano, chairman and chief executive officer of ADM and Hak Cheol Shin, vice chairman and CEO of LG Chem, at ADM’s global headquarters in Chicago. Under the terms of the agreement, the two firms plan to take steps toward introducing a joint venture in early 2022 that would construct, own and function a U.S.-based facility to generate high-purity corn-based lactic acid on a commercial scale.
  • In June 2021, International Flavors and Fragrances (IFF) launched YO-MIX ViV, an “extremely robust” lactic acid bacteria culture for ambient yogurt and additional fermented drinks products. The constituent introduction targets the Asia-Pacific region, with attention aimed at China. YO-MIX ViV is marketed as a rare culture that permits producers to provide ambient yogurt and other fermented beverages with greatly stable live cultures all through shelf-life for the earliest time.
  • In April 2021, Total Corbion PLA, a 50/50 joint venture between Total and Corbion, started the front-end engineering design stage for its novel 100,000-tonne-per-year Poly Lactic Acid (PLA) factory in Grandpuits, France. The facility will be the first of its kind in Europe when it opens in 2024. Total Corbion PLA would become the global market leader in PLA, well-positioned to meet the constantly increasing demand for Luminy® PLA resins. This concludes the Lactic Acid Industry Outlook.

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1. Lactic Acid Market Overview
    1.1 Definitions and Scope
2. Lactic Acid Market - Executive Summary
3. Lactic Acid Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Lactic Acid Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Lactic Acid Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Lactic Acid Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Lactic Acid Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Lactic Acid Market – By Raw Material (Market Size – $Million/$Billion) 
    8.1 Sugarcane
    8.2 Corn
    8.3 Cassava
    8.4 Others
9. Lactic Acid Market – By Application (Market Size – $Million/$Billion) 
    9.1 Food & Beverages
    9.2 Pharmaceuticals
    9.3 Personal Care
    9.4 Others
10. Lactic Acid Market - By Geography (Market Size - $Million/Billion)
    10.1 North America
        10.1.1 the U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 the UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest Of The World
        10.5.1 the Middle East
        10.5.2 Africa
11. Lactic Acid Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Lactic Acid Market – Industry Competition Landscape (Premium)
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key Companies
        12.1.3 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Lactic Acid Market – Key Company List by Country Premium (Premium)
14. Lactic Acid Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"Financials would be provided to private companies on best-efforts basis."
List of Tables

Table 1: Lactic Acid Market Overview 2021-2026
Table 2: Lactic Acid Market Leader Analysis 2018-2019 (US$)
Table 3: Lactic Acid Market Product Analysis 2018-2019 (US$)
Table 4: Lactic Acid Market End User Analysis 2018-2019 (US$)
Table 5: Lactic Acid Market Patent Analysis 2013-2018* (US$)
Table 6: Lactic Acid Market Financial Analysis 2018-2019 (US$)
Table 7: Lactic Acid Market Driver Analysis 2018-2019 (US$)
Table 8: Lactic Acid Market Challenges Analysis 2018-2019 (US$)
Table 9: Lactic Acid Market Constraint Analysis 2018-2019 (US$)
Table 10: Lactic Acid Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table 11: Lactic Acid Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table 12: Lactic Acid Market Threat of Substitutes Analysis 2018-2019 (US$)
Table 13: Lactic Acid Market Threat of New Entrants Analysis 2018-2019 (US$)
Table 14: Lactic Acid Market Degree of Competition Analysis 2018-2019 (US$)
Table 15: Lactic Acid Market Value Chain Analysis 2018-2019 (US$)
Table 16: Lactic Acid Market Pricing Analysis 2021-2026 (US$)
Table 17: Lactic Acid Market Opportunities Analysis 2021-2026 (US$)
Table 18: Lactic Acid Market Product Life Cycle Analysis 2021-2026 (US$)
Table 19: Lactic Acid Market Supplier Analysis 2018-2019 (US$)
Table 20: Lactic Acid Market Distributor Analysis 2018-2019 (US$)
Table 21: Lactic Acid Market Trend Analysis 2018-2019 (US$)
Table 22: Lactic Acid Market Size 2018 (US$)
Table 23: Lactic Acid Market Forecast Analysis 2021-2026 (US$)
Table 24: Lactic Acid Market Sales Forecast Analysis 2021-2026 (Units)
Table 25: Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 26: Lactic Acid Market By Source, Revenue & Volume, By Natural source, 2021-2026 ($)
Table 27: Lactic Acid Market By Source, Revenue & Volume, By Synthetic Source, 2021-2026 ($)
Table 28: Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 29: Lactic Acid Market By Function, Revenue & Volume, By Preservative, 2021-2026 ($)
Table 30: Lactic Acid Market By Function, Revenue & Volume, By pH Regulator, 2021-2026 ($)
Table 31: Lactic Acid Market By Function, Revenue & Volume, By Antimicrobial agent, 2021-2026 ($)
Table 32: Lactic Acid Market By Function, Revenue & Volume, By Mineral Fortification, 2021-2026 ($)
Table 33: Lactic Acid Market By Function, Revenue & Volume, By Flavour, 2021-2026 ($)
Table 34: Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 35: Lactic Acid Market By Application, Revenue & Volume, By Chemical Industry, 2021-2026 ($)
Table 36: Lactic Acid Market By Application, Revenue & Volume, By Food and Beverages, 2021-2026 ($)
Table 37: Lactic Acid Market By Application, Revenue & Volume, By Biodegradable plastics and Polymers, 2021-2026 ($)
Table 38: Lactic Acid Market By Application, Revenue & Volume, By Pharmaceuticals, 2021-2026 ($)
Table 39: Lactic Acid Market By Application, Revenue & Volume, By Personal Care Products, 2021-2026 ($)
Table 40: North America Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 41: North America Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 42: North America Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 43: South america Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 44: South america Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 45: South america Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 46: Europe Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 47: Europe Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 48: Europe Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 49: APAC Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 50: APAC Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 51: APAC Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 52: Middle East & Africa Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 53: Middle East & Africa Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 54: Middle East & Africa Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 55: Russia Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 56: Russia Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 57: Russia Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 58: Israel Lactic Acid Market, Revenue & Volume, By Source, 2021-2026 ($)
Table 59: Israel Lactic Acid Market, Revenue & Volume, By Function, 2021-2026 ($)
Table 60: Israel Lactic Acid Market, Revenue & Volume, By Application, 2021-2026 ($)
Table 61: Top Companies 2018 (US$) Lactic Acid Market, Revenue & Volume
Table 62: Product Launch 2018-2019 Lactic Acid Market, Revenue & Volume
Table 63: Mergers & Acquistions 2018-2019 Lactic Acid Market, Revenue & Volume


List of Figures

Figure 1: Overview of Lactic Acid Market 2021-2026
Figure 2: Market Share Analysis for Lactic Acid Market 2018 (US$)
Figure 3: Product Comparison in Lactic Acid Market 2018-2019 (US$)
Figure 4: End User Profile for Lactic Acid Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Lactic Acid Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Lactic Acid Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Lactic Acid Market 2018-2019
Figure 8: Ecosystem Analysis in Lactic Acid Market 2018
Figure 9: Average Selling Price in Lactic Acid Market 2021-2026
Figure 10: Top Opportunites in Lactic Acid Market 2018-2019
Figure 11: Market Life Cycle Analysis in Lactic Acid Market
Figure 13: GlobalBy Source Lactic Acid Market Revenue, 2021-2026 ($)
Figure 14: GlobalBy Function Lactic Acid Market Revenue, 2021-2026 ($)
Figure 15: GlobalBy Application Lactic Acid Market Revenue, 2021-2026 ($)
Figure 17: Global Lactic Acid Market - By Geography
Figure 18: Global Lactic Acid Market Value & Volume, By Geography, 2021-2026 ($) 
Figure 19: Global Lactic Acid Market CAGR, By Geography, 2021-2026 (%)
Figure 20: North America Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 21: US Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 22: US GDP and Population, 2018-2019 ($)
Figure 23: US GDP – Composition of 2018, By Sector of Origin
Figure 24: US Export and Import Value & Volume, 2018-2019 ($)
Figure 25: Canada Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 26: Canada GDP and Population, 2018-2019 ($)
Figure 27: Canada GDP – Composition of 2018, By Sector of Origin
Figure 28: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 29: Mexico Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 30: Mexico GDP and Population, 2018-2019 ($)
Figure 31: Mexico GDP – Composition of 2018, By Sector of Origin
Figure 32: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 33: South America Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 34: Brazil Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 35: Brazil GDP and Population, 2018-2019 ($)
Figure 36: Brazil GDP – Composition of 2018, By Sector of Origin
Figure 37: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 38: Venezuela Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 39: Venezuela GDP and Population, 2018-2019 ($)
Figure 40: Venezuela GDP – Composition of 2018, By Sector of Origin
Figure 41: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 42: Argentina Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 43: Argentina GDP and Population, 2018-2019 ($)
Figure 44: Argentina GDP – Composition of 2018, By Sector of Origin
Figure 45: Argentina Export and Import Value & Volume, 2018-2019 ($)
Figure 46: Ecuador Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 47: Ecuador GDP and Population, 2018-2019 ($)
Figure 48: Ecuador GDP – Composition of 2018, By Sector of Origin
Figure 49: Ecuador Export and Import Value & Volume, 2018-2019 ($)
Figure 50: Peru Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 51: Peru GDP and Population, 2018-2019 ($)
Figure 52: Peru GDP – Composition of 2018, By Sector of Origin
Figure 53: Peru Export and Import Value & Volume, 2018-2019 ($)
Figure 54: Colombia Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 55: Colombia GDP and Population, 2018-2019 ($)
Figure 56: Colombia GDP – Composition of 2018, By Sector of Origin
Figure 57: Colombia Export and Import Value & Volume, 2018-2019 ($)
Figure 58: Costa Rica Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 59: Costa Rica GDP and Population, 2018-2019 ($)
Figure 60: Costa Rica GDP – Composition of 2018, By Sector of Origin
Figure 61: Costa Rica Export and Import Value & Volume, 2018-2019 ($)
Figure 62: Europe Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 63: U.K Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 64: U.K GDP and Population, 2018-2019 ($)
Figure 65: U.K GDP – Composition of 2018, By Sector of Origin
Figure 66: U.K Export and Import Value & Volume, 2018-2019 ($)
Figure 67: Germany Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 68: Germany GDP and Population, 2018-2019 ($)
Figure 69: Germany GDP – Composition of 2018, By Sector of Origin
Figure 70: Germany Export and Import Value & Volume, 2018-2019 ($)
Figure 71: Italy Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 72: Italy GDP and Population, 2018-2019 ($)
Figure 73: Italy GDP – Composition of 2018, By Sector of Origin
Figure 74: Italy Export and Import Value & Volume, 2018-2019 ($)
Figure 75: France Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 76: France GDP and Population, 2018-2019 ($)
Figure 77: France GDP – Composition of 2018, By Sector of Origin
Figure 78: France Export and Import Value & Volume, 2018-2019 ($)
Figure 79: Netherlands Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 80: Netherlands GDP and Population, 2018-2019 ($)
Figure 81: Netherlands GDP – Composition of 2018, By Sector of Origin
Figure 82: Netherlands Export and Import Value & Volume, 2018-2019 ($)
Figure 83: Belgium Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 84: Belgium GDP and Population, 2018-2019 ($)
Figure 85: Belgium GDP – Composition of 2018, By Sector of Origin
Figure 86: Belgium Export and Import Value & Volume, 2018-2019 ($)
Figure 87: Spain Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 88: Spain GDP and Population, 2018-2019 ($)
Figure 89: Spain GDP – Composition of 2018, By Sector of Origin
Figure 90: Spain Export and Import Value & Volume, 2018-2019 ($)
Figure 91: Denmark Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 92: Denmark GDP and Population, 2018-2019 ($)
Figure 93: Denmark GDP – Composition of 2018, By Sector of Origin
Figure 94: Denmark Export and Import Value & Volume, 2018-2019 ($)
Figure 95: APAC Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 96: China Lactic Acid Market Value & Volume, 2021-2026
Figure 97: China GDP and Population, 2018-2019 ($)
Figure 98: China GDP – Composition of 2018, By Sector of Origin
Figure 99: China Export and Import Value & Volume, 2018-2019 ($) Lactic Acid Market China Export and Import Value & Volume, 2018-2019 ($)
Figure 100: Australia Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 101: Australia GDP and Population, 2018-2019 ($)
Figure 102: Australia GDP – Composition of 2018, By Sector of Origin
Figure 103: Australia Export and Import Value & Volume, 2018-2019 ($)
Figure 104: South Korea Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 105: South Korea GDP and Population, 2018-2019 ($)
Figure 106: South Korea GDP – Composition of 2018, By Sector of Origin
Figure 107: South Korea Export and Import Value & Volume, 2018-2019 ($)
Figure 108: India Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 109: India GDP and Population, 2018-2019 ($)
Figure 110: India GDP – Composition of 2018, By Sector of Origin
Figure 111: India Export and Import Value & Volume, 2018-2019 ($)
Figure 112: Taiwan Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 113: Taiwan GDP and Population, 2018-2019 ($)
Figure 114: Taiwan GDP – Composition of 2018, By Sector of Origin
Figure 115: Taiwan Export and Import Value & Volume, 2018-2019 ($)
Figure 116: Malaysia Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 117: Malaysia GDP and Population, 2018-2019 ($)
Figure 118: Malaysia GDP – Composition of 2018, By Sector of Origin
Figure 119: Malaysia Export and Import Value & Volume, 2018-2019 ($)
Figure 120: Hong Kong Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 121: Hong Kong GDP and Population, 2018-2019 ($)
Figure 122: Hong Kong GDP – Composition of 2018, By Sector of Origin
Figure 123: Hong Kong Export and Import Value & Volume, 2018-2019 ($)
Figure 124: Middle East & Africa Lactic Acid Market Middle East & Africa 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 125: Russia Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 126: Russia GDP and Population, 2018-2019 ($)
Figure 127: Russia GDP – Composition of 2018, By Sector of Origin
Figure 128: Russia Export and Import Value & Volume, 2018-2019 ($)
Figure 129: Israel Lactic Acid Market Value & Volume, 2021-2026 ($)
Figure 130: Israel GDP and Population, 2018-2019 ($)
Figure 131: Israel GDP – Composition of 2018, By Sector of Origin
Figure 132: Israel Export and Import Value & Volume, 2018-2019 ($)
Figure 133: Entropy Share, By Strategies, 2018-2019* (%) Lactic Acid Market
Figure 134: Developments, 2018-2019* Lactic Acid Market
Figure 135: Company 1 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 136: Company 1 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 137: Company 1 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 138: Company 2 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 139: Company 2 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 140: Company 2 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 141: Company 3 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 142: Company 3 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 143: Company 3 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 144: Company 4 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 145: Company 4 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 146: Company 4 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 147: Company 5 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 148: Company 5 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 149: Company 5 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 150: Company 6 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 151: Company 6 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 152: Company 6 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 153: Company 7 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 154: Company 7 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 155: Company 7 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 156: Company 8 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 157: Company 8 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 158: Company 8 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 159: Company 9 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 160: Company 9 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 161: Company 9 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 162: Company 10 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 163: Company 10 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 164: Company 10 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 165: Company 11 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 166: Company 11 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 167: Company 11 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 168: Company 12 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 169: Company 12 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 170: Company 12 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 171: Company 13 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 172: Company 13 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 173: Company 13 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 174: Company 14 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 175: Company 14 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 176: Company 14 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)
Figure 177: Company 15 Lactic Acid Market Net Revenue, By Years, 2018-2019* ($)
Figure 178: Company 15 Lactic Acid Market Net Revenue Share, By Business segments, 2018 (%)
Figure 179: Company 15 Lactic Acid Market Net Sales Share, By Geography, 2018 (%)