Global Lactic Acids Supply, Demand and Key Producers, 2023-2029

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Published Date: 29 Jun 2023

Category: Consumer Goods

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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags

Description

The global Lactic Acids market size is expected to reach $ 3325.5 million by 2029, rising at a market growth of 13.1% CAGR during the forecast period (2023-2029).

Global lactic acids (CAS 50-21-5) key players include Corbion, NatureWorks and Henan Jindan Lactic Acid Technology. Global top 3 manufacturers hold a share over 65%.

China is the largest market, with a share about 40%, followed by North America and Southeast Asia, with the share about 25% and 17%. In terms of product, L-lactic acid is the largest segment, with a share over 85%. And in terms of application, the largest application is polylactic acid, followed by food & beverage.

Lactic acid (CAS 50-21-5) has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid.

This report studies the global Lactic Acids production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Lactic Acids, and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Lactic Acids that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Lactic Acids total production and demand, 2018-2029, (K MT)
Global Lactic Acids total production value, 2018-2029, (USD Million)
Global Lactic Acids production by region & country, production, value, CAGR, 2018-2029, (USD Million) & (K MT)
Global Lactic Acids consumption by region & country, CAGR, 2018-2029 & (K MT)
U.S. VS China: Lactic Acids domestic production, consumption, key domestic manufacturers and share
Global Lactic Acids production by manufacturer, production, price, value and market share 2018-2023, (USD Million) & (K MT)
Global Lactic Acids production by Type, production, value, CAGR, 2018-2029, (USD Million) & (K MT)
Global Lactic Acids production by Application production, value, CAGR, 2018-2029, (USD Million) & (K MT).

This reports profiles key players in the global Lactic Acids market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, Galactic, BBCA Group, Jungbunzlauer, Shandong Parkson Biotechnology, Musashino Chemical and Henan Xinghan Biotechnology, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Lactic Acids market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (K MT) and average price (USD/MT) by manufacturer, by Type, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Lactic Acids Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Lactic Acids Market, Segmentation by Type
DL-Lactic Acid
D-Lactic Acid
L-Lactic Acid

Global Lactic Acids Market, Segmentation by Application
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others

Companies Profiled:
Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
Galactic
BBCA Group
Jungbunzlauer
Shandong Parkson Biotechnology
Musashino Chemical
Henan Xinghan Biotechnology
Wuhan Sanjiang Space Good Biotech
Shandong Shouguang Juneng Golden
Shanxi Leda Biochemical
Shangdong Fullsail

Key Questions Answered
1. How big is the global Lactic Acids market?
2. What is the demand of the global Lactic Acids market?
3. What is the year over year growth of the global Lactic Acids market?
4. What is the production and production value of the global Lactic Acids market?
5. Who are the key producers in the global Lactic Acids market?
6. What are the growth factors driving the market demand?

Table of Contents

1 Supply Summary
    1.1 Lactic Acids Introduction
    1.2 World Lactic Acids Supply & Forecast
        1.2.1 World Lactic Acids Production Value (2018 & 2022 & 2029)
        1.2.2 World Lactic Acids Production (2018-2029)
        1.2.3 World Lactic Acids Pricing Trends (2018-2029)
    1.3 World Lactic Acids Production by Region (Based on Production Site)
        1.3.1 World Lactic Acids Production Value by Region (2018-2029)
        1.3.2 World Lactic Acids Production by Region (2018-2029)
        1.3.3 World Lactic Acids Average Price by Region (2018-2029)
        1.3.4 North America Lactic Acids Production (2018-2029)
        1.3.5 Europe Lactic Acids Production (2018-2029)
        1.3.6 China Lactic Acids Production (2018-2029)
        1.3.7 Japan Lactic Acids Production (2018-2029)
        1.3.8 Southeast Asia Lactic Acids Production (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Lactic Acids Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Lactic Acids Major Market Trends
    1.5 Influence of COVID-19 and Russia-Ukraine War
        1.5.1 Influence of COVID-19
        1.5.2 Influence of Russia-Ukraine War

2 Demand Summary
    2.1 World Lactic Acids Demand (2018-2029)
    2.2 World Lactic Acids Consumption by Region
        2.2.1 World Lactic Acids Consumption by Region (2018-2023)
        2.2.2 World Lactic Acids Consumption Forecast by Region (2024-2029)
    2.3 United States Lactic Acids Consumption (2018-2029)
    2.4 China Lactic Acids Consumption (2018-2029)
    2.5 Europe Lactic Acids Consumption (2018-2029)
    2.6 Japan Lactic Acids Consumption (2018-2029)
    2.7 South Korea Lactic Acids Consumption (2018-2029)
    2.8 ASEAN Lactic Acids Consumption (2018-2029)
    2.9 India Lactic Acids Consumption (2018-2029)

3 World Lactic Acids Manufacturers Competitive Analysis
    3.1 World Lactic Acids Production Value by Manufacturer (2018-2023)
    3.2 World Lactic Acids Production by Manufacturer (2018-2023)
    3.3 World Lactic Acids Average Price by Manufacturer (2018-2023)
    3.4 Lactic Acids Company Evaluation Quadrant
    3.5 Industry Rank and Concentration Rate (CR)
        3.5.1 Global Lactic Acids Industry Rank of Major Manufacturers
        3.5.2 Global Concentration Ratios (CR4) for Lactic Acids in 2022
        3.5.3 Global Concentration Ratios (CR8) for Lactic Acids in 2022
    3.6 Lactic Acids Market: Overall Company Footprint Analysis
        3.6.1 Lactic Acids Market: Region Footprint
        3.6.2 Lactic Acids Market: Company Product Type Footprint
        3.6.3 Lactic Acids Market: Company Product Application Footprint
    3.7 Competitive Environment
        3.7.1 Historical Structure of the Industry
        3.7.2 Barriers of Market Entry
        3.7.3 Factors of Competition
    3.8 New Entrant and Capacity Expansion Plans
    3.9 Mergers, Acquisition, Agreements, and Collaborations

4 United States VS China VS Rest of the World
    4.1 United States VS China: Lactic Acids Production Value Comparison
        4.1.1 United States VS China: Lactic Acids Production Value Comparison (2018 & 2022 & 2029)
        4.1.2 United States VS China: Lactic Acids Production Value Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States VS China: Lactic Acids Production Comparison
        4.2.1 United States VS China: Lactic Acids Production Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Lactic Acids Production Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States VS China: Lactic Acids Consumption Comparison
        4.3.1 United States VS China: Lactic Acids Consumption Comparison (2018 & 2022 & 2029)
        4.3.2 United States VS China: Lactic Acids Consumption Market Share Comparison (2018 & 2022 & 2029)
    4.4 United States Based Lactic Acids Manufacturers and Market Share, 2018-2023
        4.4.1 United States Based Lactic Acids Manufacturers, Headquarters and Production Site (States, Country)
        4.4.2 United States Based Manufacturers Lactic Acids Production Value (2018-2023)
        4.4.3 United States Based Manufacturers Lactic Acids Production (2018-2023)
    4.5 China Based Lactic Acids Manufacturers and Market Share
        4.5.1 China Based Lactic Acids Manufacturers, Headquarters and Production Site (Province, Country)
        4.5.2 China Based Manufacturers Lactic Acids Production Value (2018-2023)
        4.5.3 China Based Manufacturers Lactic Acids Production (2018-2023)
    4.6 Rest of World Based Lactic Acids Manufacturers and Market Share, 2018-2023
        4.6.1 Rest of World Based Lactic Acids Manufacturers, Headquarters and Production Site (State, Country)
        4.6.2 Rest of World Based Manufacturers Lactic Acids Production Value (2018-2023)
        4.6.3 Rest of World Based Manufacturers Lactic Acids Production (2018-2023)

5 Market Analysis by Type
    5.1 World Lactic Acids Market Size Overview by Type: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Type
        5.2.1 DL-Lactic Acid
        5.2.2 D-Lactic Acid
        5.2.3 L-Lactic Acid
    5.3 Market Segment by Type
        5.3.1 World Lactic Acids Production by Type (2018-2029)
        5.3.2 World Lactic Acids Production Value by Type (2018-2029)
        5.3.3 World Lactic Acids Average Price by Type (2018-2029)

6 Market Analysis by Application
    6.1 World Lactic Acids Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Food & Beverage
        6.2.2 Polylactic Acid
        6.2.3 Industrial
        6.2.4 Pharmaceutical
        6.2.5 Personal Care
        6.2.6 Others
    6.3 Market Segment by Application
        6.3.1 World Lactic Acids Production by Application (2018-2029)
        6.3.2 World Lactic Acids Production Value by Application (2018-2029)
        6.3.3 World Lactic Acids Average Price by Application (2018-2029)

7 Company Profiles
    7.1 Corbion
        7.1.1 Corbion Details
        7.1.2 Corbion Major Business
        7.1.3 Corbion Lactic Acids Product and Services
        7.1.4 Corbion Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.1.5 Corbion Recent Developments/Updates
        7.1.6 Corbion Competitive Strengths & Weaknesses
    7.2 NatureWorks
        7.2.1 NatureWorks Details
        7.2.2 NatureWorks Major Business
        7.2.3 NatureWorks Lactic Acids Product and Services
        7.2.4 NatureWorks Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.2.5 NatureWorks Recent Developments/Updates
        7.2.6 NatureWorks Competitive Strengths & Weaknesses
    7.3 Henan Jindan Lactic Acid Technology
        7.3.1 Henan Jindan Lactic Acid Technology Details
        7.3.2 Henan Jindan Lactic Acid Technology Major Business
        7.3.3 Henan Jindan Lactic Acid Technology Lactic Acids Product and Services
        7.3.4 Henan Jindan Lactic Acid Technology Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.3.5 Henan Jindan Lactic Acid Technology Recent Developments/Updates
        7.3.6 Henan Jindan Lactic Acid Technology Competitive Strengths & Weaknesses
    7.4 Galactic
        7.4.1 Galactic Details
        7.4.2 Galactic Major Business
        7.4.3 Galactic Lactic Acids Product and Services
        7.4.4 Galactic Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.4.5 Galactic Recent Developments/Updates
        7.4.6 Galactic Competitive Strengths & Weaknesses
    7.5 BBCA Group
        7.5.1 BBCA Group Details
        7.5.2 BBCA Group Major Business
        7.5.3 BBCA Group Lactic Acids Product and Services
        7.5.4 BBCA Group Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.5.5 BBCA Group Recent Developments/Updates
        7.5.6 BBCA Group Competitive Strengths & Weaknesses
    7.6 Jungbunzlauer
        7.6.1 Jungbunzlauer Details
        7.6.2 Jungbunzlauer Major Business
        7.6.3 Jungbunzlauer Lactic Acids Product and Services
        7.6.4 Jungbunzlauer Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.6.5 Jungbunzlauer Recent Developments/Updates
        7.6.6 Jungbunzlauer Competitive Strengths & Weaknesses
    7.7 Shandong Parkson Biotechnology
        7.7.1 Shandong Parkson Biotechnology Details
        7.7.2 Shandong Parkson Biotechnology Major Business
        7.7.3 Shandong Parkson Biotechnology Lactic Acids Product and Services
        7.7.4 Shandong Parkson Biotechnology Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.7.5 Shandong Parkson Biotechnology Recent Developments/Updates
        7.7.6 Shandong Parkson Biotechnology Competitive Strengths & Weaknesses
    7.8 Musashino Chemical
        7.8.1 Musashino Chemical Details
        7.8.2 Musashino Chemical Major Business
        7.8.3 Musashino Chemical Lactic Acids Product and Services
        7.8.4 Musashino Chemical Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.8.5 Musashino Chemical Recent Developments/Updates
        7.8.6 Musashino Chemical Competitive Strengths & Weaknesses
    7.9 Henan Xinghan Biotechnology
        7.9.1 Henan Xinghan Biotechnology Details
        7.9.2 Henan Xinghan Biotechnology Major Business
        7.9.3 Henan Xinghan Biotechnology Lactic Acids Product and Services
        7.9.4 Henan Xinghan Biotechnology Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.9.5 Henan Xinghan Biotechnology Recent Developments/Updates
        7.9.6 Henan Xinghan Biotechnology Competitive Strengths & Weaknesses
    7.10 Wuhan Sanjiang Space Good Biotech
        7.10.1 Wuhan Sanjiang Space Good Biotech Details
        7.10.2 Wuhan Sanjiang Space Good Biotech Major Business
        7.10.3 Wuhan Sanjiang Space Good Biotech Lactic Acids Product and Services
        7.10.4 Wuhan Sanjiang Space Good Biotech Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.10.5 Wuhan Sanjiang Space Good Biotech Recent Developments/Updates
        7.10.6 Wuhan Sanjiang Space Good Biotech Competitive Strengths & Weaknesses
    7.11 Shandong Shouguang Juneng Golden
        7.11.1 Shandong Shouguang Juneng Golden Details
        7.11.2 Shandong Shouguang Juneng Golden Major Business
        7.11.3 Shandong Shouguang Juneng Golden Lactic Acids Product and Services
        7.11.4 Shandong Shouguang Juneng Golden Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.11.5 Shandong Shouguang Juneng Golden Recent Developments/Updates
        7.11.6 Shandong Shouguang Juneng Golden Competitive Strengths & Weaknesses
    7.12 Shanxi Leda Biochemical
        7.12.1 Shanxi Leda Biochemical Details
        7.12.2 Shanxi Leda Biochemical Major Business
        7.12.3 Shanxi Leda Biochemical Lactic Acids Product and Services
        7.12.4 Shanxi Leda Biochemical Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.12.5 Shanxi Leda Biochemical Recent Developments/Updates
        7.12.6 Shanxi Leda Biochemical Competitive Strengths & Weaknesses
    7.13 Shangdong Fullsail
        7.13.1 Shangdong Fullsail Details
        7.13.2 Shangdong Fullsail Major Business
        7.13.3 Shangdong Fullsail Lactic Acids Product and Services
        7.13.4 Shangdong Fullsail Lactic Acids Production, Price, Value, Gross Margin and Market Share (2018-2023)
        7.13.5 Shangdong Fullsail Recent Developments/Updates
        7.13.6 Shangdong Fullsail Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Lactic Acids Industry Chain
    8.2 Lactic Acids Upstream Analysis
        8.2.1 Lactic Acids Core Raw Materials
        8.2.2 Main Manufacturers of Lactic Acids Core Raw Materials
    8.3 Midstream Analysis
    8.4 Downstream Analysis
    8.5 Lactic Acids Production Mode
    8.6 Lactic Acids Procurement Model
    8.7 Lactic Acids Industry Sales Model and Sales Channels
        8.7.1 Lactic Acids Sales Model
        8.7.2 Lactic Acids Typical Customers

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Lactic Acids Production Value by Region (2018, 2022 and 2029) & (USD Million)
    Table 2. World Lactic Acids Production Value by Region (2018-2023) & (USD Million)
    Table 3. World Lactic Acids Production Value by Region (2024-2029) & (USD Million)
    Table 4. World Lactic Acids Production Value Market Share by Region (2018-2023)
    Table 5. World Lactic Acids Production Value Market Share by Region (2024-2029)
    Table 6. World Lactic Acids Production by Region (2018-2023) & (K MT)
    Table 7. World Lactic Acids Production by Region (2024-2029) & (K MT)
    Table 8. World Lactic Acids Production Market Share by Region (2018-2023)
    Table 9. World Lactic Acids Production Market Share by Region (2024-2029)
    Table 10. World Lactic Acids Average Price by Region (2018-2023) & (USD/MT)
    Table 11. World Lactic Acids Average Price by Region (2024-2029) & (USD/MT)
    Table 12. Lactic Acids Major Market Trends
    Table 13. World Lactic Acids Consumption Growth Rate Forecast by Region (2018 & 2022 & 2029) & (K MT)
    Table 14. World Lactic Acids Consumption by Region (2018-2023) & (K MT)
    Table 15. World Lactic Acids Consumption Forecast by Region (2024-2029) & (K MT)
    Table 16. World Lactic Acids Production Value by Manufacturer (2018-2023) & (USD Million)
    Table 17. Production Value Market Share of Key Lactic Acids Producers in 2022
    Table 18. World Lactic Acids Production by Manufacturer (2018-2023) & (K MT)
    Table 19. Production Market Share of Key Lactic Acids Producers in 2022
    Table 20. World Lactic Acids Average Price by Manufacturer (2018-2023) & (USD/MT)
    Table 21. Global Lactic Acids Company Evaluation Quadrant
    Table 22. World Lactic Acids Industry Rank of Major Manufacturers, Based on Production Value in 2022
    Table 23. Head Office and Lactic Acids Production Site of Key Manufacturer
    Table 24. Lactic Acids Market: Company Product Type Footprint
    Table 25. Lactic Acids Market: Company Product Application Footprint
    Table 26. Lactic Acids Competitive Factors
    Table 27. Lactic Acids New Entrant and Capacity Expansion Plans
    Table 28. Lactic Acids Mergers & Acquisitions Activity
    Table 29. United States VS China Lactic Acids Production Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 30. United States VS China Lactic Acids Production Comparison, (2018 & 2022 & 2029) & (K MT)
    Table 31. United States VS China Lactic Acids Consumption Comparison, (2018 & 2022 & 2029) & (K MT)
    Table 32. United States Based Lactic Acids Manufacturers, Headquarters and Production Site (States, Country)
    Table 33. United States Based Manufacturers Lactic Acids Production Value, (2018-2023) & (USD Million)
    Table 34. United States Based Manufacturers Lactic Acids Production Value Market Share (2018-2023)
    Table 35. United States Based Manufacturers Lactic Acids Production (2018-2023) & (K MT)
    Table 36. United States Based Manufacturers Lactic Acids Production Market Share (2018-2023)
    Table 37. China Based Lactic Acids Manufacturers, Headquarters and Production Site (Province, Country)
    Table 38. China Based Manufacturers Lactic Acids Production Value, (2018-2023) & (USD Million)
    Table 39. China Based Manufacturers Lactic Acids Production Value Market Share (2018-2023)
    Table 40. China Based Manufacturers Lactic Acids Production (2018-2023) & (K MT)
    Table 41. China Based Manufacturers Lactic Acids Production Market Share (2018-2023)
    Table 42. Rest of World Based Lactic Acids Manufacturers, Headquarters and Production Site (States, Country)
    Table 43. Rest of World Based Manufacturers Lactic Acids Production Value, (2018-2023) & (USD Million)
    Table 44. Rest of World Based Manufacturers Lactic Acids Production Value Market Share (2018-2023)
    Table 45. Rest of World Based Manufacturers Lactic Acids Production (2018-2023) & (K MT)
    Table 46. Rest of World Based Manufacturers Lactic Acids Production Market Share (2018-2023)
    Table 47. World Lactic Acids Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Table 48. World Lactic Acids Production by Type (2018-2023) & (K MT)
    Table 49. World Lactic Acids Production by Type (2024-2029) & (K MT)
    Table 50. World Lactic Acids Production Value by Type (2018-2023) & (USD Million)
    Table 51. World Lactic Acids Production Value by Type (2024-2029) & (USD Million)
    Table 52. World Lactic Acids Average Price by Type (2018-2023) & (USD/MT)
    Table 53. World Lactic Acids Average Price by Type (2024-2029) & (USD/MT)
    Table 54. World Lactic Acids Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Table 55. World Lactic Acids Production by Application (2018-2023) & (K MT)
    Table 56. World Lactic Acids Production by Application (2024-2029) & (K MT)
    Table 57. World Lactic Acids Production Value by Application (2018-2023) & (USD Million)
    Table 58. World Lactic Acids Production Value by Application (2024-2029) & (USD Million)
    Table 59. World Lactic Acids Average Price by Application (2018-2023) & (USD/MT)
    Table 60. World Lactic Acids Average Price by Application (2024-2029) & (USD/MT)
    Table 61. Corbion Basic Information, Manufacturing Base and Competitors
    Table 62. Corbion Major Business
    Table 63. Corbion Lactic Acids Product and Services
    Table 64. Corbion Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 65. Corbion Recent Developments/Updates
    Table 66. Corbion Competitive Strengths & Weaknesses
    Table 67. NatureWorks Basic Information, Manufacturing Base and Competitors
    Table 68. NatureWorks Major Business
    Table 69. NatureWorks Lactic Acids Product and Services
    Table 70. NatureWorks Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 71. NatureWorks Recent Developments/Updates
    Table 72. NatureWorks Competitive Strengths & Weaknesses
    Table 73. Henan Jindan Lactic Acid Technology Basic Information, Manufacturing Base and Competitors
    Table 74. Henan Jindan Lactic Acid Technology Major Business
    Table 75. Henan Jindan Lactic Acid Technology Lactic Acids Product and Services
    Table 76. Henan Jindan Lactic Acid Technology Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 77. Henan Jindan Lactic Acid Technology Recent Developments/Updates
    Table 78. Henan Jindan Lactic Acid Technology Competitive Strengths & Weaknesses
    Table 79. Galactic Basic Information, Manufacturing Base and Competitors
    Table 80. Galactic Major Business
    Table 81. Galactic Lactic Acids Product and Services
    Table 82. Galactic Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 83. Galactic Recent Developments/Updates
    Table 84. Galactic Competitive Strengths & Weaknesses
    Table 85. BBCA Group Basic Information, Manufacturing Base and Competitors
    Table 86. BBCA Group Major Business
    Table 87. BBCA Group Lactic Acids Product and Services
    Table 88. BBCA Group Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 89. BBCA Group Recent Developments/Updates
    Table 90. BBCA Group Competitive Strengths & Weaknesses
    Table 91. Jungbunzlauer Basic Information, Manufacturing Base and Competitors
    Table 92. Jungbunzlauer Major Business
    Table 93. Jungbunzlauer Lactic Acids Product and Services
    Table 94. Jungbunzlauer Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 95. Jungbunzlauer Recent Developments/Updates
    Table 96. Jungbunzlauer Competitive Strengths & Weaknesses
    Table 97. Shandong Parkson Biotechnology Basic Information, Manufacturing Base and Competitors
    Table 98. Shandong Parkson Biotechnology Major Business
    Table 99. Shandong Parkson Biotechnology Lactic Acids Product and Services
    Table 100. Shandong Parkson Biotechnology Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 101. Shandong Parkson Biotechnology Recent Developments/Updates
    Table 102. Shandong Parkson Biotechnology Competitive Strengths & Weaknesses
    Table 103. Musashino Chemical Basic Information, Manufacturing Base and Competitors
    Table 104. Musashino Chemical Major Business
    Table 105. Musashino Chemical Lactic Acids Product and Services
    Table 106. Musashino Chemical Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 107. Musashino Chemical Recent Developments/Updates
    Table 108. Musashino Chemical Competitive Strengths & Weaknesses
    Table 109. Henan Xinghan Biotechnology Basic Information, Manufacturing Base and Competitors
    Table 110. Henan Xinghan Biotechnology Major Business
    Table 111. Henan Xinghan Biotechnology Lactic Acids Product and Services
    Table 112. Henan Xinghan Biotechnology Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 113. Henan Xinghan Biotechnology Recent Developments/Updates
    Table 114. Henan Xinghan Biotechnology Competitive Strengths & Weaknesses
    Table 115. Wuhan Sanjiang Space Good Biotech Basic Information, Manufacturing Base and Competitors
    Table 116. Wuhan Sanjiang Space Good Biotech Major Business
    Table 117. Wuhan Sanjiang Space Good Biotech Lactic Acids Product and Services
    Table 118. Wuhan Sanjiang Space Good Biotech Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 119. Wuhan Sanjiang Space Good Biotech Recent Developments/Updates
    Table 120. Wuhan Sanjiang Space Good Biotech Competitive Strengths & Weaknesses
    Table 121. Shandong Shouguang Juneng Golden Basic Information, Manufacturing Base and Competitors
    Table 122. Shandong Shouguang Juneng Golden Major Business
    Table 123. Shandong Shouguang Juneng Golden Lactic Acids Product and Services
    Table 124. Shandong Shouguang Juneng Golden Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 125. Shandong Shouguang Juneng Golden Recent Developments/Updates
    Table 126. Shandong Shouguang Juneng Golden Competitive Strengths & Weaknesses
    Table 127. Shanxi Leda Biochemical Basic Information, Manufacturing Base and Competitors
    Table 128. Shanxi Leda Biochemical Major Business
    Table 129. Shanxi Leda Biochemical Lactic Acids Product and Services
    Table 130. Shanxi Leda Biochemical Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 131. Shanxi Leda Biochemical Recent Developments/Updates
    Table 132. Shangdong Fullsail Basic Information, Manufacturing Base and Competitors
    Table 133. Shangdong Fullsail Major Business
    Table 134. Shangdong Fullsail Lactic Acids Product and Services
    Table 135. Shangdong Fullsail Lactic Acids Production (K MT), Price (USD/MT), Production Value (USD Million), Gross Margin and Market Share (2018-2023)
    Table 136. Global Key Players of Lactic Acids Upstream (Raw Materials)
    Table 137. Lactic Acids Typical Customers
    Table 138. Lactic Acids Typical Distributors
List of Figure
    Figure 1. Lactic Acids Picture
    Figure 2. World Lactic Acids Production Value: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Lactic Acids Production Value and Forecast (2018-2029) & (USD Million)
    Figure 4. World Lactic Acids Production (2018-2029) & (K MT)
    Figure 5. World Lactic Acids Average Price (2018-2029) & (USD/MT)
    Figure 6. World Lactic Acids Production Value Market Share by Region (2018-2029)
    Figure 7. World Lactic Acids Production Market Share by Region (2018-2029)
    Figure 8. North America Lactic Acids Production (2018-2029) & (K MT)
    Figure 9. Europe Lactic Acids Production (2018-2029) & (K MT)
    Figure 10. China Lactic Acids Production (2018-2029) & (K MT)
    Figure 11. Japan Lactic Acids Production (2018-2029) & (K MT)
    Figure 12. Southeast Asia Lactic Acids Production (2018-2029) & (K MT)
    Figure 13. Lactic Acids Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 16. World Lactic Acids Consumption Market Share by Region (2018-2029)
    Figure 17. United States Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 18. China Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 19. Europe Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 20. Japan Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 21. South Korea Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 22. ASEAN Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 23. India Lactic Acids Consumption (2018-2029) & (K MT)
    Figure 24. Producer Shipments of Lactic Acids by Manufacturer Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Lactic Acids Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Lactic Acids Markets in 2022
    Figure 27. United States VS China: Lactic Acids Production Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Lactic Acids Production Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. United States VS China: Lactic Acids Consumption Market Share Comparison (2018 & 2022 & 2029)
    Figure 30. United States Based Manufacturers Lactic Acids Production Market Share 2022
    Figure 31. China Based Manufacturers Lactic Acids Production Market Share 2022
    Figure 32. Rest of World Based Manufacturers Lactic Acids Production Market Share 2022
    Figure 33. World Lactic Acids Production Value by Type, (USD Million), 2018 & 2022 & 2029
    Figure 34. World Lactic Acids Production Value Market Share by Type in 2022
    Figure 35. DL-Lactic Acid
    Figure 36. D-Lactic Acid
    Figure 37. L-Lactic Acid
    Figure 38. World Lactic Acids Production Market Share by Type (2018-2029)
    Figure 39. World Lactic Acids Production Value Market Share by Type (2018-2029)
    Figure 40. World Lactic Acids Average Price by Type (2018-2029) & (USD/MT)
    Figure 41. World Lactic Acids Production Value by Application, (USD Million), 2018 & 2022 & 2029
    Figure 42. World Lactic Acids Production Value Market Share by Application in 2022
    Figure 43. Food & Beverage
    Figure 44. Polylactic Acid
    Figure 45. Industrial
    Figure 46. Pharmaceutical
    Figure 47. Personal Care
    Figure 48. Others
    Figure 49. World Lactic Acids Production Market Share by Application (2018-2029)
    Figure 50. World Lactic Acids Production Value Market Share by Application (2018-2029)
    Figure 51. World Lactic Acids Average Price by Application (2018-2029) & (USD/MT)
    Figure 52. Lactic Acids Industry Chain
    Figure 53. Lactic Acids Procurement Model
    Figure 54. Lactic Acids Sales Model
    Figure 55. Lactic Acids Sales Channels, Direct Sales, and Distribution
    Figure 56. Methodology
    Figure 57. Research Process and Data Source

Research Methodology

Client Requirements

Review and analyze client requirements

Discussion of all the project requirements and queries

Flexibility Check

Project Feasibility Analysis

Finalizing tentative research programme

Structuring project proposal with scope, timeline, and costs

Analyzing Market Dynamics

Determination of key drivers, restraints, challenge, and opportunity

Identifies market needs and trends

Market Size Estimation & Forecast

Estimation of historical data based on secondary and primary data

Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)

Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies

Consideration of geography, region-specific product/service demand for region segments

Consideration of product utilization rates, product demand outlook for segments by application or end-user.

Data Source

Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports, paid database, press releases, blogs, newsletters,and GIR repositories.

Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts to verify insights.

Validation and
triangulation of
secondary and primary source.

Collection of data

Cumulating and collating the essential qualitative and quantitative data

Generation of report in client requested format by research analysts

Reviews by expert analysts

Final quality check

Clarifying queries

Receiving feedback

Ensuring satisfaction

01 Identification of data

This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
02 Evaluation of Market Dynamic

This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
03 Collection of Data

This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
04 Collaboration of Data

This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis

This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.

Companies Mentioned

Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
Galactic
BBCA Group
Jungbunzlauer
Shandong Parkson Biotechnology
Musashino Chemical
Henan Xinghan Biotechnology
Wuhan Sanjiang Space Good Biotech
Shandong Shouguang Juneng Golden
Shanxi Leda Biochemical
Shangdong Fullsail

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