$13.23 Bn Lactic Acid Market - Global Outlook & Forecasts 2017-2026

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Feb 06, 2019, 18:15 ET

DUBLIN, Feb. 6, 2019 /PRNewswire/ --

The "Lactic Acid - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Lactic Acid market accounted for $2.65 billion in 2017 and is expected to reach $13.23 billion by 2026 growing at a CAGR of 19.6%

Factors influencing the market growth include rising demand for environment-friendly products, increasing demand for green packaging and growing medical expenditure coupled with the growth of pharmaceutical industries. However, factors such as fluctuation in raw material prices are hindering the market growth.

Lactic acid is an organic water soluble compound produced by the chemical breakdown of carbohydrates such as lactose or glucose. Lactic acids are mostly used for the conservation and flavoring. Moreover, it is also used in the manufacturing of some other chemicals such as acrylic acid, dilactide and glycol. Lactic acid is also used in the pharmaceutical sector for the production of water-soluble lactates.

Based on end user, biodegradable polymers segment is expected to have considerable market share due to growing environmental concerns from petroleum-based polymers, increasing consumer awareness about eco-friendly packaging, fluctuation in oil prices and rising demand for natural, sustainable and green products.

By geography, North America was the dominant market. The region is likely to show extensive growth in light of high demand for PLA and personal care products. Rising pharmaceutical and fragrance industry is expected to drive industry expansion in North America. Rising pharmaceutical industry in the U.S. and Mexico due to government support and increasing investment by local participants will fuel industry expansion over the upcoming years.

What our report offers:

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Lactic Acid Market, By Source
5.1 Introduction
5.2 Synthetic Source
5.3 Natural Source
5.3.1 Plant Source
5.3.2 Dairy Source

6 Global Lactic Acid Market, By Function
6.1 Introduction
6.2 Flavour
6.3 Preservative
6.4 Mineral Fortification
6.5 Antimicrobial Agent
6.6 pH Regulator
6.7 Other Functions

7 Global Lactic Acid Market, By Ingredients
7.1 Introduction
7.2 Wheat
7.3 Corn/Maize
7.4 sugarcane
7.5 Cassava

8 Global Lactic Acid Market, By End User
8.1 Introduction
8.2 Pharmaceuticals
8.3 Biodegradable Polymers
8.4 Personal Care Products
8.5 Food and Beverages
8.6 Chemical
8.7 Other End Users

9 Global Lactic Acid Market, By Application
9.1 Introduction
9.2 Baked Products
9.3 Dairy Products
9.4 Savoury Flavours
9.5 Pickled Vegetables
9.6 Salad Dressing
9.7 Meat Poultry and Fish

10 Global Lactic Acid Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 BASF
12.2 The DOW Chemical Company
12.3 ADM
12.4 Galactic
12.5 Plaxica
12.6 Chongqing Bofei Biochemical Products
12.7 Wuhan Sanjiang Space Good Biotech
12.8 Yancheng Haijianuo Biological Engineering
12.9 Bioprox
12.10 Jungbunzlauer
12.11 Myriant Corporation
12.12 Vaishnavi Bio Tech
12.13 Thyssenkrupp
12.14 TEIJIN LIMITED
12.15 Corbion
12.16 Henan Jindan Lactic Acid Co., Ltd.
12.17 PURAC
12.18 Natureworks LLC
12.19 Futerro
12.20 Sulzer

For more information about this report visit https://www.researchandmarkets.com/research/j97gpt/13_23_bn_lactic?w=5

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