Global L(+)-Lactic Acid Market Research Report 2021 Professional Edition
The global L(+)-Lactic Acid market was valued at 62.99 Million USD in 2020 and will grow with a CAGR of 1.92% from 2020 to 2027, based on newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Lactic acid 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. L(+)-Lactic acid excellent is produced from natural corn starch by advanced bio-fermentation and refining technology. The lactic acid is colorless to yellow liquid, having a mild acid odor and taste. In global market, the production of L(+)-Lactic acid increases from 467 KMT in 2011 to 530 K MT in 2015, at a CAGR of more than 3.2%. In 2015, the global L(+)-Lactic acid market is led by USA, capturing about 40.13% of global L(+)-Lactic Acid production. China is the second-largest region-wise market with 27.90% global production share. At present, the major manufacturers of L(+)-Lactic acid are concentrated in Corbion, Naturework, Galactic and Henan Jindan Lactic Acid Technology. Corbion is the world leader, holding 30.51% production market share in 2015. The global L(+)-Lactic acid revenue exceed 575 Million USD in 2015, at a CAGR of about 2% from 2017 to 2022. In application, L(+)-Lactic Acid downstream is wide and recently L(+)-Lactic Acid has acquired increasing significance in various fields of food & beverage, home & personal care, industrial applications and pharmaceutical. and others. Globally, the L(+)-Lactic Acid market is mainly driven by growing demand for industrial applications which accounts for nearly 56.78% of total downstream consumption of L(+)-Lactic Acid in global. In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, L(+)-Lactic Acid production will show a trend of steady growth. In 2022 the production of L(+)-Lactic Acid is estimated to be 668 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
By Market Verdors:
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited
By Types:
Food grade
Industrial grade
Pharmaceutical grade
By Applications:
Pharmaceutical
Home & personal care
Industrial Applications
Food & Beverage
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Reasons to Purchase
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Assess the production processes, major issues, and solutions to mitigate the development risk.
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To understand the future outlook and prospects for the market.
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1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by L(+)-Lactic Acid Revenue
1.4 Market Analysis by Type
1.4.1 Global L(+)-Lactic Acid Market Size Growth Rate by Type: 2021 VS 2027
1.4.2 Food grade
1.4.3 Industrial grade
1.4.4 Pharmaceutical grade
1.5 Market by Application
1.5.1 Global L(+)-Lactic Acid Market Share by Application: 2022-2027
1.5.2 Pharmaceutical
1.5.3 Home & personal care
1.5.4 Industrial Applications
1.5.5 Food & Beverage
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global L(+)-Lactic Acid Market
1.8.1 Global L(+)-Lactic Acid Market Status and Outlook (2016-2027)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global L(+)-Lactic Acid Production Capacity Market Share by Manufacturers (2016-2021)
2.2 Global L(+)-Lactic Acid Revenue Market Share by Manufacturers (2016-2021)
2.3 Global L(+)-Lactic Acid Average Price by Manufacturers (2016-2021)
2.4 Manufacturers L(+)-Lactic Acid Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global L(+)-Lactic Acid Sales Volume Market Share by Region (2016-2021)
3.2 Global L(+)-Lactic Acid Sales Revenue Market Share by Region (2016-2021)
3.3 North America L(+)-Lactic Acid Sales Volume
3.3.1 North America L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.3.2 North America L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.4 East Asia L(+)-Lactic Acid Sales Volume
3.4.1 East Asia L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.4.2 East Asia L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.5 Europe L(+)-Lactic Acid Sales Volume (2016-2021)
3.5.1 Europe L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.5.2 Europe L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.6 South Asia L(+)-Lactic Acid Sales Volume (2016-2021)
3.6.1 South Asia L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.6.2 South Asia L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.7 Southeast Asia L(+)-Lactic Acid Sales Volume (2016-2021)
3.7.1 Southeast Asia L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.7.2 Southeast Asia L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.8 Middle East L(+)-Lactic Acid Sales Volume (2016-2021)
3.8.1 Middle East L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.8.2 Middle East L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.9 Africa L(+)-Lactic Acid Sales Volume (2016-2021)
3.9.1 Africa L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.9.2 Africa L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.10 Oceania L(+)-Lactic Acid Sales Volume (2016-2021)
3.10.1 Oceania L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.10.2 Oceania L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.11 South America L(+)-Lactic Acid Sales Volume (2016-2021)
3.11.1 South America L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.11.2 South America L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
3.12 Rest of the World L(+)-Lactic Acid Sales Volume (2016-2021)
3.12.1 Rest of the World L(+)-Lactic Acid Sales Volume Growth Rate (2016-2021)
3.12.2 Rest of the World L(+)-Lactic Acid Sales Volume Capacity, Revenue, Price and Gross Margin (2016-2021)
4 North America
4.1 North America L(+)-Lactic Acid Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia L(+)-Lactic Acid Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe L(+)-Lactic Acid Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia L(+)-Lactic Acid Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia L(+)-Lactic Acid Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East L(+)-Lactic Acid Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa L(+)-Lactic Acid Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania L(+)-Lactic Acid Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America L(+)-Lactic Acid Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World L(+)-Lactic Acid Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global L(+)-Lactic Acid Sales Volume Market Share by Type (2016-2021)
14.2 Global L(+)-Lactic Acid Sales Revenue Market Share by Type (2016-2021)
14.3 Global L(+)-Lactic Acid Sales Price by Type (2016-2021)
15 Consumption Analysis by Application
15.1 Global L(+)-Lactic Acid Consumption Volume by Application (2016-2021)
15.2 Global L(+)-Lactic Acid Consumption Value by Application (2016-2021)
16 Company Profiles and Key Figures in L(+)-Lactic Acid Business
16.1 Corbion
16.1.1 Corbion Company Profile
16.1.2 Corbion L(+)-Lactic Acid Product Specification
16.1.3 Corbion L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.2 Naturework
16.2.1 Naturework Company Profile
16.2.2 Naturework L(+)-Lactic Acid Product Specification
16.2.3 Naturework L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.3 Galactic
16.3.1 Galactic Company Profile
16.3.2 Galactic L(+)-Lactic Acid Product Specification
16.3.3 Galactic L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.4 Henan Jindan Lactic Acid Technology
16.4.1 Henan Jindan Lactic Acid Technology Company Profile
16.4.2 Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Product Specification
16.4.3 Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.5 COFCO Biochemical (AnHui)
16.5.1 COFCO Biochemical (AnHui) Company Profile
16.5.2 COFCO Biochemical (AnHui) L(+)-Lactic Acid Product Specification
16.5.3 COFCO Biochemical (AnHui) L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.6 Musashino Chemical
16.6.1 Musashino Chemical Company Profile
16.6.2 Musashino Chemical L(+)-Lactic Acid Product Specification
16.6.3 Musashino Chemical L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.7 ADM
16.7.1 ADM Company Profile
16.7.2 ADM L(+)-Lactic Acid Product Specification
16.7.3 ADM L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.8 Yancheng Haijianuo
16.8.1 Yancheng Haijianuo Company Profile
16.8.2 Yancheng Haijianuo L(+)-Lactic Acid Product Specification
16.8.3 Yancheng Haijianuo L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.9 Wuhan Sanjiang Space Good Biotech
16.9.1 Wuhan Sanjiang Space Good Biotech Company Profile
16.9.2 Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Product Specification
16.9.3 Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.10 Shanxi Biochemical
16.10.1 Shanxi Biochemical Company Profile
16.10.2 Shanxi Biochemical L(+)-Lactic Acid Product Specification
16.10.3 Shanxi Biochemical L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.11 Jungbunzlauer
16.11.1 Jungbunzlauer Company Profile
16.11.2 Jungbunzlauer L(+)-Lactic Acid Product Specification
16.11.3 Jungbunzlauer L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.12 Zhengzhou Tianrun
16.12.1 Zhengzhou Tianrun Company Profile
16.12.2 Zhengzhou Tianrun L(+)-Lactic Acid Product Specification
16.12.3 Zhengzhou Tianrun L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.13 Shangdong Fullsail
16.13.1 Shangdong Fullsail Company Profile
16.13.2 Shangdong Fullsail L(+)-Lactic Acid Product Specification
16.13.3 Shangdong Fullsail L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
16.14 Tripura Bio Tech Limited
16.14.1 Tripura Bio Tech Limited Company Profile
16.14.2 Tripura Bio Tech Limited L(+)-Lactic Acid Product Specification
16.14.3 Tripura Bio Tech Limited L(+)-Lactic Acid Production Capacity, Revenue, Price and Gross Margin (2016-2021)
17 L(+)-Lactic Acid Manufacturing Cost Analysis
17.1 L(+)-Lactic Acid Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of L(+)-Lactic Acid
17.4 L(+)-Lactic Acid Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 L(+)-Lactic Acid Distributors List
18.3 L(+)-Lactic Acid Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of L(+)-Lactic Acid (2022-2027)
20.2 Global Forecasted Revenue of L(+)-Lactic Acid (2022-2027)
20.3 Global Forecasted Price of L(+)-Lactic Acid (2016-2027)
20.4 Global Forecasted Production of L(+)-Lactic Acid by Region (2022-2027)
20.4.1 North America L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.2 East Asia L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.3 Europe L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.4 South Asia L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.5 Southeast Asia L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.6 Middle East L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.7 Africa L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.8 Oceania L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.9 South America L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.4.10 Rest of the World L(+)-Lactic Acid Production, Revenue Forecast (2022-2027)
20.5 Forecast by Type and by Application (2022-2027)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2022-2027)
20.5.2 Global Forecasted Consumption of L(+)-Lactic Acid by Application (2022-2027)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of L(+)-Lactic Acid by Country
21.2 East Asia Market Forecasted Consumption of L(+)-Lactic Acid by Country
21.3 Europe Market Forecasted Consumption of L(+)-Lactic Acid by Countriy
21.4 South Asia Forecasted Consumption of L(+)-Lactic Acid by Country
21.5 Southeast Asia Forecasted Consumption of L(+)-Lactic Acid by Country
21.6 Middle East Forecasted Consumption of L(+)-Lactic Acid by Country
21.7 Africa Forecasted Consumption of L(+)-Lactic Acid by Country
21.8 Oceania Forecasted Consumption of L(+)-Lactic Acid by Country
21.9 South America Forecasted Consumption of L(+)-Lactic Acid by Country
21.10 Rest of the world Forecasted Consumption of L(+)-Lactic Acid by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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