Lactic Acids Market Insights, Global Outlook and Forecast 2022-2028
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.
The latest research study released by Market IntelliX evaluates market size and forecasts of Lactic Acids in global, including the following market information:
Global Lactic Acids Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Lactic Acids Market Sales, 2017-2022, 2023-2028, (K MT)
Global top five Lactic Acids companies in 2021 (%)
The global Lactic Acids market was valued at 1508.4 million in 2021 and is projected to reach US$ 2157.3 million by 2028, at a CAGR of 5.2% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
L-lactic Acid Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Lactic Acids include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, Galactic, BBCA Group, Jungbunzlauer, Shandong Parkson Biotechnology, Musashino Chemical and Henan Xinghan Biotechnology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Lactic Acids manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Lactic Acids Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Type, 2021 (%)
L-lactic Acid
D-lactic Acid
DL-lactic Acid
Global Lactic Acids Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, by Application, 2021 (%)
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others
Global Lactic Acids Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K MT)
Global Lactic Acids Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lactic Acids revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Lactic Acids revenues share in global market, 2021 (%)
Key companies Lactic Acids sales in global market, 2017-2022 (Estimated), (K MT)
Key companies Lactic Acids sales share in global market, 2021 (%)
The report presents profiles of competitors in the market Some of the prominent key players covered:
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
Cargill
ADM
B&G
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Lactic Acids Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Lactic Acids Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Lactic Acids Overall Market Size
2.1 Global Lactic Acids Market Size: 2021 VS 2028
2.2 Global Lactic Acids Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Lactic Acids Sales: 2017-2028
3 Company Landscape
3.1 Top Lactic Acids Players in Global Market
3.2 Top Global Lactic Acids Companies Ranked by Revenue
3.3 Global Lactic Acids Revenue by Companies
3.4 Global Lactic Acids Sales by Companies
3.5 Global Lactic Acids Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Lactic Acids Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Lactic Acids Product Type
3.8 Tier 1, Tier 2 and Tier 3 Lactic Acids Players in Global Market
3.8.1 List of Global Tier 1 Lactic Acids Companies
3.8.2 List of Global Tier 2 and Tier 3 Lactic Acids Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Lactic Acids Market Size Markets, 2021 & 2028
4.1.2 L-lactic Acid
4.1.3 D-lactic Acid
4.1.4 DL-lactic Acid
4.2 By Type - Global Lactic Acids Revenue & Forecasts
4.2.1 By Type - Global Lactic Acids Revenue, 2017-2022
4.2.2 By Type - Global Lactic Acids Revenue, 2023-2028
4.2.3 By Type - Global Lactic Acids Revenue Market Share, 2017-2028
4.3 By Type - Global Lactic Acids Sales & Forecasts
4.3.1 By Type - Global Lactic Acids Sales, 2017-2022
4.3.2 By Type - Global Lactic Acids Sales, 2023-2028
4.3.3 By Type - Global Lactic Acids Sales Market Share, 2017-2028
4.4 By Type - Global Lactic Acids Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Lactic Acids Market Size, 2021 & 2028
5.1.2 Food & Beverage
5.1.3 Polylactic Acid
5.1.4 Industrial
5.1.5 Pharmaceutical
5.1.6 Personal Care
5.1.7 Others
5.2 By Application - Global Lactic Acids Revenue & Forecasts
5.2.1 By Application - Global Lactic Acids Revenue, 2017-2022
5.2.2 By Application - Global Lactic Acids Revenue, 2023-2028
5.2.3 By Application - Global Lactic Acids Revenue Market Share, 2017-2028
5.3 By Application - Global Lactic Acids Sales & Forecasts
5.3.1 By Application - Global Lactic Acids Sales, 2017-2022
5.3.2 By Application - Global Lactic Acids Sales, 2023-2028
5.3.3 By Application - Global Lactic Acids Sales Market Share, 2017-2028
5.4 By Application - Global Lactic Acids Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Lactic Acids Market Size, 2021 & 2028
6.2 By Region - Global Lactic Acids Revenue & Forecasts
6.2.1 By Region - Global Lactic Acids Revenue, 2017-2022
6.2.2 By Region - Global Lactic Acids Revenue, 2023-2028
6.2.3 By Region - Global Lactic Acids Revenue Market Share, 2017-2028
6.3 By Region - Global Lactic Acids Sales & Forecasts
6.3.1 By Region - Global Lactic Acids Sales, 2017-2022
6.3.2 By Region - Global Lactic Acids Sales, 2023-2028
6.3.3 By Region - Global Lactic Acids Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Lactic Acids Revenue, 2017-2028
6.4.2 By Country - North America Lactic Acids Sales, 2017-2028
6.4.3 US Lactic Acids Market Size, 2017-2028
6.4.4 Canada Lactic Acids Market Size, 2017-2028
6.4.5 Mexico Lactic Acids Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Lactic Acids Revenue, 2017-2028
6.5.2 By Country - Europe Lactic Acids Sales, 2017-2028
6.5.3 Germany Lactic Acids Market Size, 2017-2028
6.5.4 France Lactic Acids Market Size, 2017-2028
6.5.5 U.K. Lactic Acids Market Size, 2017-2028
6.5.6 Italy Lactic Acids Market Size, 2017-2028
6.5.7 Russia Lactic Acids Market Size, 2017-2028
6.5.8 Nordic Countries Lactic Acids Market Size, 2017-2028
6.5.9 Benelux Lactic Acids Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Lactic Acids Revenue, 2017-2028
6.6.2 By Region - Asia Lactic Acids Sales, 2017-2028
6.6.3 China Lactic Acids Market Size, 2017-2028
6.6.4 Japan Lactic Acids Market Size, 2017-2028
6.6.5 South Korea Lactic Acids Market Size, 2017-2028
6.6.6 Southeast Asia Lactic Acids Market Size, 2017-2028
6.6.7 India Lactic Acids Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Lactic Acids Revenue, 2017-2028
6.7.2 By Country - South America Lactic Acids Sales, 2017-2028
6.7.3 Brazil Lactic Acids Market Size, 2017-2028
6.7.4 Argentina Lactic Acids Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Lactic Acids Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Lactic Acids Sales, 2017-2028
6.8.3 Turkey Lactic Acids Market Size, 2017-2028
6.8.4 Israel Lactic Acids Market Size, 2017-2028
6.8.5 Saudi Arabia Lactic Acids Market Size, 2017-2028
6.8.6 UAE Lactic Acids Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Corbion
7.1.1 Corbion Corporate Summary
7.1.2 Corbion Business Overview
7.1.3 Corbion Lactic Acids Major Product Offerings
7.1.4 Corbion Lactic Acids Sales and Revenue in Global (2017-2022)
7.1.5 Corbion Key News
7.2 NatureWorks
7.2.1 NatureWorks Corporate Summary
7.2.2 NatureWorks Business Overview
7.2.3 NatureWorks Lactic Acids Major Product Offerings
7.2.4 NatureWorks Lactic Acids Sales and Revenue in Global (2017-2022)
7.2.5 NatureWorks Key News
7.3 Henan Jindan Lactic Acid Technology
7.3.1 Henan Jindan Lactic Acid Technology Corporate Summary
7.3.2 Henan Jindan Lactic Acid Technology Business Overview
7.3.3 Henan Jindan Lactic Acid Technology Lactic Acids Major Product Offerings
7.3.4 Henan Jindan Lactic Acid Technology Lactic Acids Sales and Revenue in Global (2017-2022)
7.3.5 Henan Jindan Lactic Acid Technology Key News
7.4 Galactic
7.4.1 Galactic Corporate Summary
7.4.2 Galactic Business Overview
7.4.3 Galactic Lactic Acids Major Product Offerings
7.4.4 Galactic Lactic Acids Sales and Revenue in Global (2017-2022)
7.4.5 Galactic Key News
7.5 BBCA Group
7.5.1 BBCA Group Corporate Summary
7.5.2 BBCA Group Business Overview
7.5.3 BBCA Group Lactic Acids Major Product Offerings
7.5.4 BBCA Group Lactic Acids Sales and Revenue in Global (2017-2022)
7.5.5 BBCA Group Key News
7.6 Jungbunzlauer
7.6.1 Jungbunzlauer Corporate Summary
7.6.2 Jungbunzlauer Business Overview
7.6.3 Jungbunzlauer Lactic Acids Major Product Offerings
7.6.4 Jungbunzlauer Lactic Acids Sales and Revenue in Global (2017-2022)
7.6.5 Jungbunzlauer Key News
7.7 Shandong Parkson Biotechnology
7.7.1 Shandong Parkson Biotechnology Corporate Summary
7.7.2 Shandong Parkson Biotechnology Business Overview
7.7.3 Shandong Parkson Biotechnology Lactic Acids Major Product Offerings
7.7.4 Shandong Parkson Biotechnology Lactic Acids Sales and Revenue in Global (2017-2022)
7.7.5 Shandong Parkson Biotechnology Key News
7.8 Musashino Chemical
7.8.1 Musashino Chemical Corporate Summary
7.8.2 Musashino Chemical Business Overview
7.8.3 Musashino Chemical Lactic Acids Major Product Offerings
7.8.4 Musashino Chemical Lactic Acids Sales and Revenue in Global (2017-2022)
7.8.5 Musashino Chemical Key News
7.9 Henan Xinghan Biotechnology
7.9.1 Henan Xinghan Biotechnology Corporate Summary
7.9.2 Henan Xinghan Biotechnology Business Overview
7.9.3 Henan Xinghan Biotechnology Lactic Acids Major Product Offerings
7.9.4 Henan Xinghan Biotechnology Lactic Acids Sales and Revenue in Global (2017-2022)
7.9.5 Henan Xinghan Biotechnology Key News
7.10 Wuhan Sanjiang Space Good Biotech
7.10.1 Wuhan Sanjiang Space Good Biotech Corporate Summary
7.10.2 Wuhan Sanjiang Space Good Biotech Business Overview
7.10.3 Wuhan Sanjiang Space Good Biotech Lactic Acids Major Product Offerings
7.10.4 Wuhan Sanjiang Space Good Biotech Lactic Acids Sales and Revenue in Global (2017-2022)
7.10.5 Wuhan Sanjiang Space Good Biotech Key News
7.11 Shandong Shouguang Juneng Golden
7.11.1 Shandong Shouguang Juneng Golden Corporate Summary
7.11.2 Shandong Shouguang Juneng Golden Lactic Acids Business Overview
7.11.3 Shandong Shouguang Juneng Golden Lactic Acids Major Product Offerings
7.11.4 Shandong Shouguang Juneng Golden Lactic Acids Sales and Revenue in Global (2017-2022)
7.11.5 Shandong Shouguang Juneng Golden Key News
7.12 Shanxi Leda Biochemical
7.12.1 Shanxi Leda Biochemical Corporate Summary
7.12.2 Shanxi Leda Biochemical Lactic Acids Business Overview
7.12.3 Shanxi Leda Biochemical Lactic Acids Major Product Offerings
7.12.4 Shanxi Leda Biochemical Lactic Acids Sales and Revenue in Global (2017-2022)
7.12.5 Shanxi Leda Biochemical Key News
7.13 Shangdong Fullsail
7.13.1 Shangdong Fullsail Corporate Summary
7.13.2 Shangdong Fullsail Lactic Acids Business Overview
7.13.3 Shangdong Fullsail Lactic Acids Major Product Offerings
7.13.4 Shangdong Fullsail Lactic Acids Sales and Revenue in Global (2017-2022)
7.13.5 Shangdong Fullsail Key News
7.14 Cargill
7.14.1 Cargill Corporate Summary
7.14.2 Cargill Business Overview
7.14.3 Cargill Lactic Acids Major Product Offerings
7.14.4 Cargill Lactic Acids Sales and Revenue in Global (2017-2022)
7.14.5 Cargill Key News
7.15 ADM
7.15.1 ADM Corporate Summary
7.15.2 ADM Business Overview
7.15.3 ADM Lactic Acids Major Product Offerings
7.15.4 ADM Lactic Acids Sales and Revenue in Global (2017-2022)
7.15.5 ADM Key News
7.16 B&G
7.16.1 B&G Corporate Summary
7.16.2 B&G Business Overview
7.16.3 B&G Lactic Acids Major Product Offerings
7.16.4 B&G Lactic Acids Sales and Revenue in Global (2017-2022)
7.16.5 B&G Key News
8 Global Lactic Acids Production Capacity, Analysis
8.1 Global Lactic Acids Production Capacity, 2017-2028
8.2 Lactic Acids Production Capacity of Key Manufacturers in Global Market
8.3 Global Lactic Acids Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Lactic Acids Supply Chain Analysis
10.1 Lactic Acids Industry Value Chain
10.2 Lactic Acids Upstream Market
10.3 Lactic Acids Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Lactic Acids Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
List of Tables
Table 1. Key Players of Lactic Acids in Global Market
Table 2. Top Lactic Acids Players in Global Market, Ranking by Revenue (2021)
Table 3. Global Lactic Acids Revenue by Companies, (US$, Mn), 2017-2022
Table 4. Global Lactic Acids Revenue Share by Companies, 2017-2022
Table 5. Global Lactic Acids Sales by Companies, (K MT), 2017-2022
Table 6. Global Lactic Acids Sales Share by Companies, 2017-2022
Table 7. Key Manufacturers Lactic Acids Price (2017-2022) & (USD/MT)
Table 8. Global Manufacturers Lactic Acids Product Type
Table 9. List of Global Tier 1 Lactic Acids Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Lactic Acids Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global Lactic Acids Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Global Lactic Acids Revenue (US$, Mn), 2017-2022
Table 13. By Type - Global Lactic Acids Revenue (US$, Mn), 2023-2028
Table 14. By Type - Global Lactic Acids Sales (K MT), 2017-2022
Table 15. By Type - Global Lactic Acids Sales (K MT), 2023-2028
Table 16. By Application – Global Lactic Acids Revenue, (US$, Mn), 2021 & 2028
Table 17. By Application - Global Lactic Acids Revenue (US$, Mn), 2017-2022
Table 18. By Application - Global Lactic Acids Revenue (US$, Mn), 2023-2028
Table 19. By Application - Global Lactic Acids Sales (K MT), 2017-2022
Table 20. By Application - Global Lactic Acids Sales (K MT), 2023-2028
Table 21. By Region – Global Lactic Acids Revenue, (US$, Mn), 2021 VS 2028
Table 22. By Region - Global Lactic Acids Revenue (US$, Mn), 2017-2022
Table 23. By Region - Global Lactic Acids Revenue (US$, Mn), 2023-2028
Table 24. By Region - Global Lactic Acids Sales (K MT), 2017-2022
Table 25. By Region - Global Lactic Acids Sales (K MT), 2023-2028
Table 26. By Country - North America Lactic Acids Revenue, (US$, Mn), 2017-2022
Table 27. By Country - North America Lactic Acids Revenue, (US$, Mn), 2023-2028
Table 28. By Country - North America Lactic Acids Sales, (K MT), 2017-2022
Table 29. By Country - North America Lactic Acids Sales, (K MT), 2023-2028
Table 30. By Country - Europe Lactic Acids Revenue, (US$, Mn), 2017-2022
Table 31. By Country - Europe Lactic Acids Revenue, (US$, Mn), 2023-2028
Table 32. By Country - Europe Lactic Acids Sales, (K MT), 2017-2022
Table 33. By Country - Europe Lactic Acids Sales, (K MT), 2023-2028
Table 34. By Region - Asia Lactic Acids Revenue, (US$, Mn), 2017-2022
Table 35. By Region - Asia Lactic Acids Revenue, (US$, Mn), 2023-2028
Table 36. By Region - Asia Lactic Acids Sales, (K MT), 2017-2022
Table 37. By Region - Asia Lactic Acids Sales, (K MT), 2023-2028
Table 38. By Country - South America Lactic Acids Revenue, (US$, Mn), 2017-2022
Table 39. By Country - South America Lactic Acids Revenue, (US$, Mn), 2023-2028
Table 40. By Country - South America Lactic Acids Sales, (K MT), 2017-2022
Table 41. By Country - South America Lactic Acids Sales, (K MT), 2023-2028
Table 42. By Country - Middle East & Africa Lactic Acids Revenue, (US$, Mn), 2017-2022
Table 43. By Country - Middle East & Africa Lactic Acids Revenue, (US$, Mn), 2023-2028
Table 44. By Country - Middle East & Africa Lactic Acids Sales, (K MT), 2017-2022
Table 45. By Country - Middle East & Africa Lactic Acids Sales, (K MT), 2023-2028
Table 46. Corbion Corporate Summary
Table 47. Corbion Lactic Acids Product Offerings
Table 48. Corbion Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 49. NatureWorks Corporate Summary
Table 50. NatureWorks Lactic Acids Product Offerings
Table 51. NatureWorks Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 52. Henan Jindan Lactic Acid Technology Corporate Summary
Table 53. Henan Jindan Lactic Acid Technology Lactic Acids Product Offerings
Table 54. Henan Jindan Lactic Acid Technology Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 55. Galactic Corporate Summary
Table 56. Galactic Lactic Acids Product Offerings
Table 57. Galactic Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 58. BBCA Group Corporate Summary
Table 59. BBCA Group Lactic Acids Product Offerings
Table 60. BBCA Group Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 61. Jungbunzlauer Corporate Summary
Table 62. Jungbunzlauer Lactic Acids Product Offerings
Table 63. Jungbunzlauer Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 64. Shandong Parkson Biotechnology Corporate Summary
Table 65. Shandong Parkson Biotechnology Lactic Acids Product Offerings
Table 66. Shandong Parkson Biotechnology Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 67. Musashino Chemical Corporate Summary
Table 68. Musashino Chemical Lactic Acids Product Offerings
Table 69. Musashino Chemical Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 70. Henan Xinghan Biotechnology Corporate Summary
Table 71. Henan Xinghan Biotechnology Lactic Acids Product Offerings
Table 72. Henan Xinghan Biotechnology Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 73. Wuhan Sanjiang Space Good Biotech Corporate Summary
Table 74. Wuhan Sanjiang Space Good Biotech Lactic Acids Product Offerings
Table 75. Wuhan Sanjiang Space Good Biotech Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 76. Shandong Shouguang Juneng Golden Corporate Summary
Table 77. Shandong Shouguang Juneng Golden Lactic Acids Product Offerings
Table 78. Shandong Shouguang Juneng Golden Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 79. Shanxi Leda Biochemical Corporate Summary
Table 80. Shanxi Leda Biochemical Lactic Acids Product Offerings
Table 81. Shanxi Leda Biochemical Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 82. Shangdong Fullsail Corporate Summary
Table 83. Shangdong Fullsail Lactic Acids Product Offerings
Table 84. Shangdong Fullsail Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 85. Cargill Corporate Summary
Table 86. Cargill Lactic Acids Product Offerings
Table 87. Cargill Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 88. ADM Corporate Summary
Table 89. ADM Lactic Acids Product Offerings
Table 90. ADM Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 91. B&G Corporate Summary
Table 92. B&G Lactic Acids Product Offerings
Table 93. B&G Lactic Acids Sales (K MT), Revenue (US$, Mn) and Average Price (USD/MT) (2017-2022)
Table 94. Lactic Acids Production Capacity (K MT) of Key Manufacturers in Global Market, 2020-2022 (K MT)
Table 95. Global Lactic Acids Capacity Market Share of Key Manufacturers, 2020-2022
Table 96. Global Lactic Acids Production by Region, 2017-2022 (K MT)
Table 97. Global Lactic Acids Production by Region, 2023-2028 (K MT)
Table 98. Lactic Acids Market Opportunities & Trends in Global Market
Table 99. Lactic Acids Market Drivers in Global Market
Table 100. Lactic Acids Market Restraints in Global Market
Table 101. Lactic Acids Raw Materials
Table 102. Lactic Acids Raw Materials Suppliers in Global Market
Table 103. Typical Lactic Acids Downstream
Table 104. Lactic Acids Downstream Clients in Global Market
Table 105. Lactic Acids Distributors and Sales Agents in Global Market
List of Figures
Figure 1. Lactic Acids Segment by Type
Figure 2. Lactic Acids Segment by Application
Figure 3. Global Lactic Acids Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global Lactic Acids Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Lactic Acids Revenue, 2017-2028 (US$, Mn)
Figure 7. Lactic Acids Sales in Global Market: 2017-2028 (K MT)
Figure 8. The Top 3 and 5 Players Market Share by Lactic Acids Revenue in 2021
Figure 9. By Type - Global Lactic Acids Sales Market Share, 2017-2028
Figure 10. By Type - Global Lactic Acids Revenue Market Share, 2017-2028
Figure 11. By Type - Global Lactic Acids Price (USD/MT), 2017-2028
Figure 12. By Application - Global Lactic Acids Sales Market Share, 2017-2028
Figure 13. By Application - Global Lactic Acids Revenue Market Share, 2017-2028
Figure 14. By Application - Global Lactic Acids Price (USD/MT), 2017-2028
Figure 15. By Region - Global Lactic Acids Sales Market Share, 2017-2028
Figure 16. By Region - Global Lactic Acids Revenue Market Share, 2017-2028
Figure 17. By Country - North America Lactic Acids Revenue Market Share, 2017-2028
Figure 18. By Country - North America Lactic Acids Sales Market Share, 2017-2028
Figure 19. US Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 20. Canada Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 21. Mexico Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 22. By Country - Europe Lactic Acids Revenue Market Share, 2017-2028
Figure 23. By Country - Europe Lactic Acids Sales Market Share, 2017-2028
Figure 24. Germany Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 25. France Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 26. U.K. Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 27. Italy Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 28. Russia Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 29. Nordic Countries Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 30. Benelux Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 31. By Region - Asia Lactic Acids Revenue Market Share, 2017-2028
Figure 32. By Region - Asia Lactic Acids Sales Market Share, 2017-2028
Figure 33. China Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 34. Japan Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 35. South Korea Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 36. Southeast Asia Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 37. India Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 38. By Country - South America Lactic Acids Revenue Market Share, 2017-2028
Figure 39. By Country - South America Lactic Acids Sales Market Share, 2017-2028
Figure 40. Brazil Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 41. Argentina Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 42. By Country - Middle East & Africa Lactic Acids Revenue Market Share, 2017-2028
Figure 43. By Country - Middle East & Africa Lactic Acids Sales Market Share, 2017-2028
Figure 44. Turkey Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 45. Israel Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 46. Saudi Arabia Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 47. UAE Lactic Acids Revenue, (US$, Mn), 2017-2028
Figure 48. Global Lactic Acids Production Capacity (K MT), 2017-2028
Figure 49. The Percentage of Production Lactic Acids by Region, 2021 VS 2028
Figure 50. Lactic Acids Industry Value Chain
Figure 51. Marketing Channels
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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