Lactic Acid Global Market Opportunities And Strategies To 2032

Lactic Acid Market 2023 – By Raw Material (Corn, Sugarcane, Cassava, Other Raw Materials), By Source (Natural, Synthetic), By Application (Industrial, Food And Beverages, Pharmaceuticals, Personal Care, Poly Lactic Acid (PLA), Other Applications), And By Region, Opportunities And Strategies – Global Forecast To 2032

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Lactic Acid Global Market Opportunities And Strategies To 2032

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Lactic Acid Market Definition

Lactic acid is an organic acid with the molecular formula CH3CH(OH)COOH. Lactic acid is produced naturally within the body during certain biochemical reactions. It is white when solid and colorless when dissolved.

The lactic acid market consists of sales, by entities (organizations, sole traders and partnerships), of lactic acid which refers to a type of organic acid produced naturally by the body when cells break down carbohydrates for energy.

Lactic Acid Market Size

The global lactic acid market reached a value of nearly $2.960 billion in 2022, having grown at a compound annual growth rate (CAGR) of 6.6% since 2017. The market is expected to grow from $2.960 billion in 2022 to $4.464 billion in 2027 at a rate of 8.6%. The market is then expected to grow at a CAGR of 8.4% from 2027 and reach $6.680 billion in 2032.    

Growth in the historic period resulted from strong economic growth in emerging markets, increase in use of biodegradable polymers, growth in health-conscious consumers and rise in investments in the pharmaceutical sector. Factors that negatively affected growth in the historic period was stringent regulations.

Going forward, rising demand for beauty and personal care goods, growing use of industrial and home cleaners, increasing demand for ready-to-eat products, rise in global population and rising urbanization will drive the growth. Factor that could hinder the growth of the lactic acid market in the future include fluctuating raw material prices.

Lactic Acid Market Drivers

The key drivers of the lactic acid market include:

Rising Demand For Beauty And Personal Care Goods

The rising demand for beauty and personal care goods is expected to drive the growth of the lactic acid market going forward. Lactic acid, with its natural and gentle exfoliating properties, has become a key ingredient in a wide range of cosmetic and personal care formulations. The compound's ability to promote skin renewal and improve skin texture without causing irritation has led to its incorporation in products like cleansers, moisturizers, serums, and peels. Consumers' growing awareness of the benefits of skincare and the demand for products that offer both effectiveness and safety have driven cosmetic companies to seek natural and bio-based ingredients like lactic acid. For example, according to Unicommerce data reported by ET Brand Equity, an India-based source of information, news & opinion on the marketing/advertising industries, the e-commerce industry experienced a 69.4% YoY order volume growth in 2022, compared to 44.9% YoY order volume growth in 2021. The beauty and personal care segment continue to show strong growth across digital shopping platforms, with a growth rate of 143% in order volumes and 132% in order value in 2022.  Therefore, growth in the beauty and personal care industry is expected to drive the lactic acid market growth.

Lactic Acid Market Restraints

The key restraints on the lactic acid market include:

Fluctuating Raw Material Prices

The fluctuating raw material prices are expected to restrain the growth of the market during the forecast period. Lactic acid production is heavily reliant on feedstocks such as carbohydrates, which are typically derived from sources like corn, sugarcane, and other agricultural crops. The prices of these feedstocks can be influenced by a variety of factors including weather conditions, supply and demand dynamics, geopolitical issues, and changes in agricultural practices. Fluctuations in raw material prices can lead to increased production costs for lactic acid manufacturers. Manufacturers may also face challenges in securing a consistent and affordable supply of high-quality feedstocks. Therefore, fluctuating raw material prices and a rise in commodity costs are likely to restrain lactic acid demand.

Lactic Acid Market Trends

Major trends influencing the lactic acid market include:

Focus On Expanding Plant Capacities

Major companies in the lactic acid market are focusing on new plant expansions to strengthen their position and to increase their geographic presence. For example, in August 2022, Organicheskiye Kisloty, a Russia-based food company, launched Russia’s first plant of organic acids, primarily, citric and lactic, in the Tula region, with a total annual capacity of 10,000 tons of lactic acid.  Further, in March 2022, ABB, a Swiss automation company, was awarded a major contract by NatureWorks, the manufacturer of polylactic acid (PLA), a low-carbon bioplastic made from renewable agricultural resources, to automate their new, greenfield plant in Thailand, converting sugar cane to the polylactic acid (PLA) biopolymer, Ingeo. The new plant in Thailand, will ferment and distill plant-based sugars in a process similar to making beer or wine, converting the sugars first to lactic acid, then lactide and then polymerize them into Ingeo.

Launch Of New Lactic Acid-Based Products

Major players in the market are launching new lactic-acid based products to strengthen their position in the market. For example, in January 2023, Nissin Foods Group, a Japanese international food company, launched Foods with Function Claims (FFCs) containing lactic acid bacteria for the first time. The new FFCs launched were Bifidobacterium N708 Tablets and Bifidobacterium N61 Tablets. The former claims to relieve stomach ache, while the latter was designed to improve memory and attention which decline with ageing.  Also, in July 2022, SBC Skincare, a UK-based skincare company, launched a Lactic Acid Resurfacing Facial Wash, which contains lactic acid, an AHA (Alpha-hydroxy-acid) blend of papaya, apple, orange, and pineapple, Glycerin, and B5. It removes impurities and pollution, and lactic acid exfoliates away dead, dulling cells.

Opportunities And Recommendations In The Lactic Acid Market

Opportunities –The top opportunities in the lactic acid market segmented by raw material will arise in the sugarcane segment, which will gain $558.70 million of global annual sales by 2027. The top opportunities in the lactic acid market segmented by source will arise in the natural segment, which will gain $1.326 billion of global annual sales by 2027. The top opportunities in the lactic acid market segmented by application will arise in the poly lactic acid (PLA) segment, which will gain $507.99 million of global annual sales by 2027. The lactic acid market size will gain the most in the USA at $426.13 million.

Recommendations-To take advantage of the opportunities, The Business Research Company recommends the lactic acid companies to focus on use of corn to produce lactic acid, focus on new plant expansions, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions and focus on fast-growing applications.

Lactic Acid Market Segmentation

The lactic acid market is segmented by raw material, by source and by application.
By Raw Material –
The lactic acid market is segmented by raw material into
    • a) Corn
    • b) Sugarcane
    • c) Other Raw Materials
The sugarcane market was the largest segment of the lactic acid market segmented by raw material, accounting for 38.7% of the total in 2022. Going forward, the corn segment is expected to be the fastest growing segment in the lactic acid market segmented by raw material, at a CAGR of 9.0%.
By Source –
The lactic acid market is segmented by source into
    • a) Natural
    • b) Synthetic
The natural market was the largest segment of the lactic acid market segmented by source, accounting for 89.1% of the total in 2022. Going forward, the synthetic segment is expected to be the fastest growing segment in the lactic acid market segmented by source, at a CAGR of 9.2%.
By Application –
The lactic acid market is segmented by application into
    • a) Industrial
    • b) Food And Beverages
    • c) Pharmaceuticals
    • d) Personal Care
    • e) poly lactic acid (PLA)
    • f) Other Applications
The poly lactic acid (PLA) market was the largest segment of the lactic acid market segmented by application, accounting for 31.0% of the total in 2022. Going forward, the poly lactic acid (PLA) segment is expected to be the fastest growing segment in the lactic acid market segmented by application, at a CAGR of 9.2%.
By Geography - The lactic acid market is segmented by geography into
      o Asia Pacific
      • • China
      • • India
      • • Japan
      • • Australia
      • • Indonesia
      • • South Korea
      o North America
      • • USA
      o South America
      • • Brazil
      o Western Europe
      • • France
      • • Germany
      • • UK
      o Eastern Europe
      • • Russia
      o Middle East
      o Africa
North America was the largest region in the lactic acid market, accounting for 39.1% of the total in 2022. It was followed by Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the lactic acid market will be Asia-Pacific and South America where growth will be at CAGRs of 10.0% and 9.0% respectively. These will be followed by Middle East and Africa where the markets are expected to grow at CAGRs of 8.8% and 8.5% respectively.

Lactic Acid Market Competitive Landscape

Major Competitors are:

  • Cargill Incorporated
  • Corbion NV
  • BASF SE
  • Jungbunzlauer Suisse AG
  • Henan Jindan Lactic Acid Technology
  • Other Competitors Include:

  • Galactic SA
  • NatureWorks LLC
  • Danimer Scientific
  • Sulzer Ltd
  • Musashino Chemical (China) Co., Ltd.
  • Vizag Chemicals
  • Natur Tec India Pvt Ltd
  • Jiaan Biotech Pvt.Ltd
  • Consolidated Chemical Company
  • Grand Australian Pty. Ltd.
  • Musashino Chemical Laboratory Ltd.
  • Shanghai ShiCun Enterprise Co., Ltd.
  • Zhucheng XingMao Corn Development Co., Ltd
  • Foodchem International Corporation
  • Monarch Chemical
  • The White Sea & Baltic Company Ltd
  • BluCon Biotech GmbH
  • Volza.com
  • Europages
  • Vigon International
  • Noah Chemicals
  • CJ Chemicals
  • Gravitas Chemical
  • Kemin Industries Inc
  • Corbion
  • Mexichem Brasil
  • Chemifa Corp
  • United Chemicals International Fzco
  • Ras Gen Tr
  • Israel Chemicals Ltd
  • Shimadzu South Africa
  • Chimaco Enterprises Ltd
  • Solag Allied Chemicals Limited
    1. Table Of Contents

      1. Executive Summary

      2. Table Of Contents

      3. List Of Figures

      4. List Of Tables

      5. Report Structure

      6. Introduction And Market Characteristics

      6.1. General Market Definition

      6.2. Summary

      6.3. Lactic Acid Market Definition And Segmentations

      6.4. Market Segmentation By Raw Material

      6.4.1. Corn

      6.4.2. Sugarcane

      6.4.3. Cassava

      6.4.4. Other Raw Materials

      6.5. Market Segmentation By Source

      6.5.1. Natural

      6.5.2. Synthetic

      6.6. Market Segmentation By Application

      6.6.1. Industrial

      6.6.2. Food And Beverages

      6.6.3. Pharmaceuticals

      6.6.4. Personal Care

      6.6.5. Poly Lactic Acid (PLA)

      6.6.6. Other Applications

      7. Major Market Trends

      7.1. Focus On Expanding Plant Capacities

      7.2. Launch Of New Lactic Acid-Based Products

      7.3. Growing Focus On Investments

      7.4. Strategic Partnerships And Acquisitions To Improve Financial Strength And Geographical Presence

      8. Impact Of COVID-19 On The Lactic Acid Market

      9. Global Market Size and Growth

      9.1. Market Size

      9.2. Historic Market Growth, 2017 – 2022, Value ($ Million)

      9.2.1. Market Drivers 2017 – 2022

      9.2.2. Market Restraints 2017 – 2022

      9.3. Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      9.3.1. Market Drivers 2022 – 2027

      9.3.2. Market Restraints 2022 – 2027

      10. Global Lactic Acid Market Segmentation

      10.1. Global Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      10.2. Global Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      10.3. Global Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11. Lactic Acid Market, Regional and Country Analysis

      11.1. Global Lactic Acid Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      11.2. Global Lactic Acid Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12. Asia-Pacific Market

      12.1. Summary

      12.2. Market Overview

      12.2.1. Region Information

      12.2.2. Market Information

      12.2.3. Background Information

      12.2.4. Government Initiatives

      12.2.5. Regulations

      12.2.6. Regulatory Bodies

      12.2.7. Major Associations

      12.2.8. Taxes Levied

      12.2.9. Corporate Tax Structure

      12.2.10. Investments

      12.2.11. Major Companies

      12.3. Asia-Pacific Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.4. Asia-Pacific Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.5. Asia-Pacific Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.6. Asia-Pacific Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.7. Asia-Pacific Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.8. Asia-Pacific Lactic Acid Market: Country Analysis

      12.9. China Market

      12.10. Summary

      12.11. Market Overview

      12.11.1. Region Information

      12.11.2. Market Information

      12.11.3. Background Information

      12.11.4. Government Initiatives

      12.11.5. Regulations

      12.11.6. Regulatory Bodies

      12.11.7. Major Associations

      12.11.8. Taxes Levied

      12.11.9. Corporate tax structure

      12.11.10. Investments

      12.11.11. Major Companies

      12.12. China Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.13. China Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.14. China Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.15. China Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.16. China Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.17. India Market

      12.18. India Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.19. India Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.20. India Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.21. India Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.22. India Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.23. Japan Market

      12.24. Japan Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.25. Japan Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.26. Japan Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.27. Japan Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.28. Japan Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.29. Australia Market

      12.30. Australia Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.31. Australia Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.32. Australia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.33. Australia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.34. Australia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.35. Indonesia Market

      12.36. Indonesia Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.37. Indonesia Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.38. Indonesia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.39. Indonesia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.40. Indonesia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.41. South Korea Market

      12.42. South Korea Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      12.43. South Korea Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      12.44. South Korea Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.45. South Korea Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      12.46. South Korea Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13. Western Europe Market

      13.1. Summary

      13.2. Market Overview

      13.2.1. Region Information

      13.2.2. Market Information

      13.2.3. Background Information

      13.2.4. Government Initiatives

      13.2.5. Regulations

      13.2.6. Regulatory Bodies

      13.2.7. Major Associations

      13.2.8. Taxes Levied

      13.2.9. Corporate Tax Structure

      13.2.10. Investments

      13.2.11. Major Companies

      13.3. Western Europe Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.4. Western Europe Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.5. Western Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.6. Western Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.7. Western Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.8. Western Europe Lactic Acid Market: Country Analysis

      13.9. UK Market

      13.10. UK Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.11. UK Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.12. UK Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.13. UK Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.14. UK Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.15. Germany Market

      13.16. Germany Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.17. Germany Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.18. Germany Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.19. Germany Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.20. Germany Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.21. France Market

      13.22. France Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      13.23. France Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      13.24. France Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.25. France Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      13.26. France Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14. Eastern Europe Market

      14.1. Summary

      14.2. Market Overview

      14.2.1. Region Information

      14.2.2. Market Information

      14.2.3. Background Information

      14.2.4. Government Initiatives

      14.2.5. Regulations

      14.2.6. Regulatory Bodies

      14.2.7. Major Associations

      14.2.8. Taxes Levied

      14.2.9. Corporate Tax Structure

      14.2.10. Investments

      14.2.11. Major Companies

      14.3. Eastern Europe Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.4. Eastern Europe Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.5. Eastern Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.6. Eastern Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.7. Eastern Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.8. Eastern Europe Lactic Acid Market: Country Analysis

      14.9. Russia Market

      14.10. Russia Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      14.11. Russia Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      14.12. Russia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.13. Russia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      14.14. Russia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15. North America Market

      15.1. Summary

      15.2. Market Overview

      15.2.1. Region Information

      15.2.2. Market Information

      15.2.3. Background Information

      15.2.4. Government Initiatives

      15.2.5. Regulations

      15.2.6. Regulatory Bodies

      15.2.7. Major Associations

      15.2.8. Taxes Levied

      15.2.9. Corporate Tax Structure

      15.2.10. Investments

      15.2.11. Major Companies

      15.3. North America Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.4. North America Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.5. North America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.6. North America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.7. North America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.8. North America Lactic Acid Market: Country Analysis

      15.9. USA Market

      15.10. Summary

      15.11. Market Overview

      15.11.1. Country Information

      15.11.2. Market Information

      15.11.3. Background Information

      15.11.4. Government Initiatives

      15.11.5. Regulations

      15.11.6. Regulatory Bodies

      15.11.7. Major Associations

      15.11.8. Taxes Levied

      15.11.9. Corporate Tax Structure

      15.11.10. Investments

      15.11.11. Major Companies

      15.12. USA Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      15.13. USA Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      15.14. USA Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.15. USA Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      15.16. USA Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16. South America Market

      16.1. Summary

      16.2. Market Overview

      16.2.1. Region Information

      16.2.2. Market Information

      16.2.3. Background Information

      16.2.4. Government Initiatives

      16.2.5. Regulations

      16.2.6. Regulatory Bodies

      16.2.7. Major Associations

      16.2.8. Taxes Levied

      16.2.9. Corporate Tax Structure

      16.2.10. Investments

      16.2.11. Major Companies

      16.3. South America Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      16.4. South America Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      16.5. South America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.6. South America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.7. South America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.8. South America Lactic Acid Market: Country Analysis

      16.9. Brazil Market

      16.10. Brazil Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      16.11. Brazil Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      16.12. Brazil Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.13. Brazil Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      16.14. Brazil Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17. Middle East Market

      17.1. Summary

      17.2. Market Overview

      17.2.1. Region Information

      17.2.2. Market Information

      17.2.3. Background Information

      17.2.4. Government Initiatives

      17.2.5. Regulations

      17.2.6. Regulatory Bodies

      17.2.7. Major Associations

      17.2.8. Taxes Levied

      17.2.9. Corporate Tax Structure

      17.2.10. Investments

      17.2.11. Major Companies

      17.3. Middle East Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      17.4. Middle East Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      17.5. Middle East Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17.6. Middle East Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      17.7. Middle East Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18. Africa Market

      18.1. Summary

      18.2. Market Overview

      18.2.1. Region Information

      18.2.2. Market Information

      18.2.3. Background Information

      18.2.4. Government Initiatives

      18.2.5. Regulations

      18.2.6. Regulatory Bodies

      18.2.7. Major Associations

      18.2.8. Taxes Levied

      18.2.9. Corporate Tax Structure

      18.2.10. Major Companies

      18.3. Africa Lactic Acid Market, Historic Market Growth, 2017 – 2022, Value ($ Million)

      18.4. Africa Lactic Acid Market, Forecast Market Growth, 2022 – 2027, 2032F Value ($ Million)

      18.5. Africa Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18.6. Africa Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      18.7. Africa Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, Value ($ Million)

      19. Competitive Landscape And Company Profiles

      20. Company Profiles

      20.1. Cargill Incorporated

      20.1.1. Company Overview

      20.1.2. Products And Services

      20.1.3. Financial Overview

      20.2. Corbion NV

      20.2.1. Company Overview

      20.2.2. Products And Services

      20.2.3. Business Strategy

      20.2.4. Financial Overview

      20.3. BASF SE

      20.3.1. Company Overview

      20.3.2. Products And Services

      20.3.3. Financial Overview

      20.4. Jungbunzlauer Suisse AG

      20.4.1. Company Overview

      20.4.2. Products And Services

      20.4.3. Business Strategy

      20.4.4. Financial Overview

      20.5. Henan Jindan lactic acid Technology Co., Ltd

      20.5.1. Company Overview

      20.5.2. Products And Services

      20.5.3. Financial Overview

      21. Key Mergers And Acquisitions

      21.1. LG Chem And ADM Entered Into Joint Venture

      21.2. Corbion NV Acquired Lactic Acid Business Of Archer Daniels Midland (ADM)

      22. Opportunities And Strategies

      22.1. Global Lactic Acid Market In 2027 – Countries Offering Most New Opportunities

      22.2. Global Lactic Acid Market In 2027 – Segments Offering Most New Opportunities

      22.3. Global Lactic Acid Market In 2027 – Growth Strategies

      22.3.1. Market Trend Based Strategies

      22.3.2. Competitor Strategies

      23. Lactic Acid Market, Conclusions And Recommendations

      23.1. Conclusions

      23.2. Recommendations

      23.2.1. Product

      23.2.2. Place

      23.2.3. Price

      23.2.4. Promotion

      23.2.5. People

      24. Appendix

      24.1. Market Data Sources

      24.2. Research Methodology

      24.3. Currencies

      24.4. The Business Research Company

      24.5. Copyright and Disclaimer

    List Of Tables

      Table 1: Global Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 2: Global Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 3: Global Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 4: Global Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 5: Global Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 6: Global Lactic Acid Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 7: Global Lactic Acid Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 8: Asia-Pacific GDP Per Capita, By Country, 2017-2022, $
    • Table 9: Asia-Pacific Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 10: Asia-Pacific Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 11: Asia-Pacific Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 12: Asia Pacific Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 13: Asia-Pacific Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 14: China GDP Per Capita, 2017-2022, $
    • Table 15: China Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 16: China Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 17: China Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 18: China Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 19: China Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 20: India Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 21: India Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 22: India Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 23: India Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 24: India Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 25: Japan Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 26: Japan Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 27: Japan Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 28: Japan Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 29: Japan Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 30: Australia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 31: Australia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 32: Australia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 33: Australia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 34: Australia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 35: Indonesia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 36: Indonesia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 37: Indonesia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 38: Indonesia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 39: Indonesia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 40: South Korea Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 41: South Korea Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 42: South Korea Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 43: South Korea Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 44: South Korea Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 45: Western Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 46: Western Europe Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 47: Western Europe Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 48: Western Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 49: Western Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 50: Western Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 51: UK Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 52: UK Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 53: UK Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 54: UK Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 55: UK Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 56: Germany Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 57: Germany Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 58: Germany Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 59: Germany Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 60: Germany Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 61: France Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 62: France Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 63: France Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 64: France Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 65: France Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 66: Eastern Europe GDP Per Capita, By Country, 2017-2022, $
    • Table 67: Eastern Europe Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 68: Eastern Europe Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 69: Eastern Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 70: Eastern Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 71: Eastern Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 72: Russia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 73: Russia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 74: Russia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 75: Russia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 76: Russia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 77: North America GDP Per Capita, By Country, 2017-2022, $
    • Table 78: North America Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 79: North America Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 80: North America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 81: North America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 82: North America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 83: USA GDP Per Capita, 2017-2022, $
    • Table 84: USA Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 85: USA Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 86: USA Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 87: USA Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 88: USA Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 89: South America GDP Per Capita, By Country, 2017-2022, $
    • Table 90: South America Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 91: South America Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 92: South America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 93: South America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 94: South America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 95: Brazil Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 96: Brazil Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 97: Brazil Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 98: Brazil Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 99: Brazil Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 100: Middle East GDP Per Capita, By Country, 2017-2022, $
    • Table 101: Middle East Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 102: Middle East Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 103: Middle East Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 104: Middle East Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 105: Middle East Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 106: Africa GDP Per Capita, By Country, 2017-2022, $
    • Table 107: Africa Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Table 108: Africa Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Table 109: Africa Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 110: Africa Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 111: Africa Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Table 112: Lactic Acid Market, Key Competitor Estimated Market Shares, 2022, Percentage (%)
    • Table 113: Cargill – Financial Performance, 2018 – 2022, $ Billion
    • Table 114: Corbion – Financial Performance, 2018– 2022, $ Billion
    • Table 115: BASF – Financial Overview, 2018 – 2022, $ Billion
    • Table 116: Jungbunzlauer – Financial Performance, 2022, $ Million
    • Table 117: Henan Jindan – Financial Performance, 2018 – 2022, $ Billion
    • Table 118: Global Lactic Acid Market Size Gain ($ Million), 2022 – 2027, By Country
    • Table 119: Global Lactic Acid Market Size Gain ($ Million), Segmentation By Raw Material, 2022 – 2027
    • Table 120: Global Lactic Acid Market Size Gain ($ Million), Segmentation By Source, 2022 – 2027
    • Table 121: Global Lactic Acid Market Size Gain ($ Million), Segmentation By Application, 2022 – 2027
    • Table 122: Lactic Acid - Market Data Sources

    List Of Figures

      Figure 1: Geographic Regions Covered
    • Figure 2: Global Lactic Acid Market Segmentation By Raw Material
    • Figure 3: Global Lactic Acid Market Segmentation By Source
    • Figure 4: Global Lactic Acid Market Segmentation By Application
    • Figure 5: Global Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 6: Global Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 7: Global Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 8: Global Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 9: Global Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 10: Global Lactic Acid Market, By Region, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 11: Global Lactic Acid Market, By Country, Historic and Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 12: Asia-Pacific Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 13: Asia-Pacific Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 14: Asia-Pacific Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 15: Asia-Pacific Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 16: Asia-Pacific Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 17: China Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 18: China Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 19: China Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 20: China Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 21: China Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 22: India Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 23: India Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 24: India Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 25: India Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 26: India Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 27: Japan Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 28: Japan Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 29: Japan Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 30: Japan Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 31: Japan Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 32: Australia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 33: Australia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 34: Australia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 35: Australia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 36: Australia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 37: Indonesia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 38: Indonesia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 39: Indonesia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 40: Indonesia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 41: Indonesia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 42: South Korea Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 43: South Korea Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 44: South Korea Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 45: South Korea Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 46: South Korea Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 47: Western Europe Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 48: Western Europe Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 49: Western Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 50: Western Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 51: Western Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 52: UK Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 53: UK Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 54: UK Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 55: UK Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 56: UK Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 57: Germany Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 58: Germany Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 59: Germany Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 60: Germany Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 61: Germany Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 62: France Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 63: France Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 64: France Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 65: France Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 66: France Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 67: Eastern Europe Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 68: Eastern Europe Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 69: Eastern Europe Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 70: Eastern Europe Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 71: Eastern Europe Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 72: Russia Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 73: Russia Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 74: Russia Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 75: Russia Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 76: Russia Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 77: North America Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 78: North America Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 79: North America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 80: North America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 81: North America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 82: USA Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 83: USA Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 84: USA Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 85: USA Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 86: USA Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 87: South America Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 88: South America Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 89: South America Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 90: South America Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 91: South America Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 92: Brazil Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 93: Brazil Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 94: Brazil Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 95: Brazil Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 96: Brazil Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 97: Middle East Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 98: Middle East Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 99: Middle East Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 100: Middle East Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 101: Middle East Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 102: Africa Lactic Acid Market, Historic, 2017 – 2022, $ Million
    • Figure 103: Africa Lactic Acid Market, Forecast, 2022 – 2027, 2032F, $ Million
    • Figure 104: Africa Lactic Acid Market, Segmentation By Raw Material, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 105: Africa Lactic Acid Market, Segmentation By Source, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 106: Africa Lactic Acid Market, Segmentation By Application, Historic And Forecast, 2017 – 2022, 2027F, 2032F, $ Million
    • Figure 107: Lactic Acid Market, Key Competitor Estimated Market Shares, 2022, Percentage (%)
    • Figure 108: Cargill – Financial Performance, 2018 – 2022 $ Billion
    • Figure 109: Corbion – Financial Performance, 2018– 2022, $ Billion
    • Figure 110: BASF – Financial Overview, 2018 – 2022, $ Billion
    • Figure 111: Henan Jindan – Financial Performance, 2018– 2022, $ Billion
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