Lactic Acid Market size was valued at US$ 2.75 Bn. in 2022 and the sugarcane raw material is the dominating segment in the Lactic Acid Market.Lactic Acid Market Overview:
Lactic acid is an organic acid produced via fermentation. The IUPAC name of lactic acid is 2-Hydroxypropanoic acid with a molecular formula of CH3CHCOOH. It is used as a preservative and acidulant in food products, and as an intermediate in the manufacture of other chemicals. It is also used as a feedstock for the production of another chemical, such as it is used as raw material in the synthesis of biodegradable plastics (poly-lactic acid). It undergoes self-esterification to form poly-lactic acid, which is widely used as an eco-friendly biopolymer.To know about the Research Methodology :- Request Free Sample Report
Lactic Acid Market Dynamics:
The Lactic acid market is showing a northward direction growth, thanks to the growing application of lactic acid in the industrial, personal care, commercial, and household sector. In the food industry, lactic acid is used as a preservative, flavoring agent, pH regulator to increase shelf life and to control pathogens, among other applications. Rising demand for personal care products, owing to the introduction of sophisticated products along with the formulation development for a consumer group is expected to create new growth avenues for the lactic acid market. Lactic acid has many pharmaceutical and cosmetic applications and formulations in topical ointments, lotions, anti-acne solutions, humectants, parenteral solutions, and dialysis applications, for anti carries agents. Increasing usage in creams, shampoos, and body care products as it enhances skin lightening effects, improves collagen and elastin synthesis, accelerates exfoliation, and cell renewal is expected to drive the lactic acid market growth during the forecast period. The lactic acid market is already dominated by significant suppliers, which is expected to inhibit the new entrants. In addition, lower switching cost results in competitive pricing in the industry are expected to restrain the growth of the market during the forecast period. Lactic acid is produced from several raw materials, such as corn, corn starch, wheat, barley, molasses, cellulose, and rice. The easy availability of raw materials provides an edge for the new manufacturers with lucrative opportunities.Raw Materials used in lactic acid fermentation and their lactic acid yield:
Lactic Acid Market Segment Analysis:
Based on the Raw Material, the Lactic Acid Market is segmented into Corn, Sugar, Cassava, and Other Crops. In 2022, the sugarcane segment has emerged as the dominant raw material segment with a revenue share of over 39.0%. The abundant availability of sugarcane in nature, low cost, and environmental friendliness, fuel the product demand for this segment. In 2022, the global sugar production was accounted for 179 million metric tons, along with Brazil was the largest sugar-producing country in the world, and produced 42 million metric tons of sugar. The corn segment is expected to witness rapid growth at a CAGR of 7.96% during the forecast period. Corn has emerged as a prominent raw material, as it has low cost, high sustainability, and abundance in nature, driving the market growth for this segment.Based on the Application, the Lactic Acid Market is segmented into Industrial, Food and Beverage, Pharmaceuticals, Personal Care, and Others. The food and beverages application segment held the largest market share, accounting for 40% in 2022. The growing adoption of Lactic acid as a preservative in the food and beverage industry is fueling the lactic acid market growth for this segment. According to the U.S. Food and Drug Administrating (FDA) report, lactic acid is normally recognized as a safe (GRAS) additive for general purpose uses, which boosts the demand for the product across the globe. The industrial application segment is expected to be the fastest-growing application of lactic acid. It is projected to grow at a CAGR of 8.1% during the forecast period. The Industrial application of lactic acid growth is attributed to the high durability, mechanical strength, and transparency of the product. The continuous growth of the automotive industry and increasing demand from the end-use industries are the major driving factors for the growth of this application segment.
Lactic Acid Market Regional Insights:
North America region held the largest market share accounted for 43% in 2022, and is expected to grow at a CAGR of 8% during the forecast period. The Lactic Acid market is driven by the growing poly-lactic acid market and increasing demand from the established end-users is fueling the lactic acid market growth for this region. Rising demand for poly-lactic acid, as the U.S. government has announced plans towards reducing carbon footprint, growing demand from packaging applications, and the rapid growth of the pharmaceutical and personal care industries are expected to fuel the lactic acid market growth during the forecast period. Asia Pacific market is expected to be the fastest-growing market at a CAGR of 8.3% during the forecast period, in terms of revenue. Japan and China were the major contributors to the market growth in 2022. The growth is attributed to an increase in demand for biodegradable packaging in food products. The objective of the report is to present a comprehensive analysis of the Lactic Acid Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Lactic Acid Market dynamic, structure by analyzing the market segments and projecting the Lactic Acid Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Lactic Acid Market make the report investor’s guide.Lactic Acid Market Scope: Inquire before buying
Lactic Acid Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 2.75 Bn. Forecast Period 2023 to 2029 CAGR: 8.23% Market Size in 2029: US $ 4.8 Bn. Segments Covered: by Raw Material Corn Sugar Cassava Other Crops by Application Industrial Food and Beverage Pharmaceuticals Personal Care Others by Form Liquid Solid by Source Natural Synthetic Lactic Acid Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Lactic Acid Market, Key Players:
1. BASF 2. Galactic 3. Nature Works 4. Corbion Purac 5. Pyramid Bioplastics 6. Danimer Scientific 7. Dow Chemical 8. Synbra 9. Henan Jindan Lactic Acid Technology 10.Musashino Chemical 11.Futerro 12.Teijin 13.Wei Mon Industry 14.Thyssenkrupp AG 15.Vaishnavi Bio-Tech Ltd. 16.ADM 17.Cargill 18.Cellulac 19.Corbion 20.NingXia Hypow Bio-Technology 21.PURACFrequently Asked Questions:
1] What segments are covered in the Lactic Acid Market report? Ans. The segments covered in the Lactic Acid Market report are based on Raw Material and Application. 2] Which region is expected to hold the highest share in the Lactic Acid Market? Ans. The North America region is expected to hold the highest share in the Lactic Acid Market. 3] What is the market size of the Lactic Acid Market by 2029? Ans. The market size of the Lactic Acid Market by 2029 is US $4.8 Bn. 4] What is the forecast period for the Lactic Acid Market? Ans. The Forecast period for the Lactic Acid Market is 2023-2029. 5] What was the market size of the Lactic Acid Market in 2022? Ans. The market size of the Lactic Acid Market in 2022 was US $ 2.75 Bn.
1. Lactic Acid Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Lactic Acid Market: Dynamics 2.1. Lactic Acid Market Trends by Region 2.1.1. North America Lactic Acid Market Trends 2.1.2. Europe Lactic Acid Market Trends 2.1.3. Asia Pacific Lactic Acid Market Trends 2.1.4. Middle East and Africa Lactic Acid Market Trends 2.1.5. South America Lactic Acid Market Trends 2.2. Lactic Acid Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Lactic Acid Market Drivers 2.2.1.2. North America Lactic Acid Market Restraints 2.2.1.3. North America Lactic Acid Market Opportunities 2.2.1.4. North America Lactic Acid Market Challenges 2.2.2. Europe 2.2.2.1. Europe Lactic Acid Market Drivers 2.2.2.2. Europe Lactic Acid Market Restraints 2.2.2.3. Europe Lactic Acid Market Opportunities 2.2.2.4. Europe Lactic Acid Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Lactic Acid Market Drivers 2.2.3.2. Asia Pacific Lactic Acid Market Restraints 2.2.3.3. Asia Pacific Lactic Acid Market Opportunities 2.2.3.4. Asia Pacific Lactic Acid Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Lactic Acid Market Drivers 2.2.4.2. Middle East and Africa Lactic Acid Market Restraints 2.2.4.3. Middle East and Africa Lactic Acid Market Opportunities 2.2.4.4. Middle East and Africa Lactic Acid Market Challenges 2.2.5. South America 2.2.5.1. South America Lactic Acid Market Drivers 2.2.5.2. South America Lactic Acid Market Restraints 2.2.5.3. South America Lactic Acid Market Opportunities 2.2.5.4. South America Lactic Acid Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Lactic Acid Industry 2.8. Analysis of Government Schemes and Initiatives For Lactic Acid Industry 2.9. Lactic Acid Market price trend Analysis (2021-22) 2.10. Lactic Acid Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Lactic Acid 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Lactic Acid 2.11. Lactic Acid Production Analysis 2.12. The Global Pandemic Impact on Lactic Acid Market 3. Lactic Acid Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2022-2029 3.1. Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 3.1.1. Corn 3.1.2. Sugar 3.1.3. Cassava 3.1.4. Other Crops 3.2. Lactic Acid Market Size and Forecast, by Application (2022-2029) 3.2.1. Food and Beverage 3.2.2. Pharmaceuticals 3.2.3. Personal Care 3.2.4. Others 3.3. Lactic Acid Market Size and Forecast, by Form (2022-2029) 3.3.1. Liquid 3.3.2. Solid 3.4. Lactic Acid Market Size and Forecast, by Source (2022-2029) 3.4.1. Natural 3.4.2. Synthetic 3.5. Lactic Acid Market Size and Forecast, by Region (2022-2029) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Lactic Acid Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 4.1. North America Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 4.1.1. Corn 4.1.2. Sugar 4.1.3. Cassava 4.1.4. Other Crops 4.2. North America Lactic Acid Market Size and Forecast, by Application (2022-2029) 4.2.1. Food and Beverage 4.2.2. Pharmaceuticals 4.2.3. Personal Care 4.2.4. Others 4.3. North America Lactic Acid Market Size and Forecast, by Form (2022-2029) 4.3.1. Liquid 4.3.2. Solid 4.4. North America Lactic Acid Market Size and Forecast, by Source (2022-2029) 4.4.1. Natural 4.4.2. Synthetic 4.5. North America Lactic Acid Market Size and Forecast, by Country (2022-2029) 4.5.1. United States 4.5.1.1. United States Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 4.5.1.1.1. Corn 4.5.1.1.2. Sugar 4.5.1.1.3. Cassava 4.5.1.1.4. Other Crops 4.5.1.2. United States Lactic Acid Market Size and Forecast, by Application (2022-2029) 4.5.1.2.1. Food and Beverage 4.5.1.2.2. Pharmaceuticals 4.5.1.2.3. Personal Care 4.5.1.2.4. Others 4.5.1.3. United States Lactic Acid Market Size and Forecast, by Form (2022-2029) 4.5.1.3.1. Liquid 4.5.1.3.2. Solid 4.5.1.4. United States Lactic Acid Market Size and Forecast, by Source (2022-2029) 4.5.1.4.1. Natural 4.5.1.4.2. Synthetic 4.5.2. Canada 4.5.2.1. Canada Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 4.5.2.1.1. Corn 4.5.2.1.2. Sugar 4.5.2.1.3. Cassava 4.5.2.1.4. Other Crops 4.5.2.2. Canada Lactic Acid Market Size and Forecast, by Application (2022-2029) 4.5.2.2.1. Food and Beverage 4.5.2.2.2. Pharmaceuticals 4.5.2.2.3. Personal Care 4.5.2.2.4. Others 4.5.2.3. Canada Lactic Acid Market Size and Forecast, by Form (2022-2029) 4.5.2.3.1. Liquid 4.5.2.3.2. Solid 4.5.2.4. Canada Lactic Acid Market Size and Forecast, by Source (2022-2029) 4.5.2.4.1. Natural 4.5.2.4.2. Synthetic 4.5.3. Mexico 4.5.3.1. Mexico Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 4.5.3.1.1. Corn 4.5.3.1.2. Sugar 4.5.3.1.3. Cassava 4.5.3.1.4. Other Crops 4.5.3.2. Mexico Lactic Acid Market Size and Forecast, by Application (2022-2029) 4.5.3.2.1. Food and Beverage 4.5.3.2.2. Pharmaceuticals 4.5.3.2.3. Personal Care 4.5.3.2.4. Others 4.5.3.3. Mexico Lactic Acid Market Size and Forecast, by Form (2022-2029) 4.5.3.3.1. Liquid 4.5.3.3.2. Solid 4.5.3.4. Mexico Lactic Acid Market Size and Forecast, by Source (2022-2029) 4.5.3.4.1. Natural 4.5.3.4.2. Synthetic 5. Europe Lactic Acid Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 5.1. Europe Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.2. Europe Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.3. Europe Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.4. Europe Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5. Europe Lactic Acid Market Size and Forecast, by Country (2022-2029) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.1.2. United Kingdom Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.1.3. United Kingdom Lactic Acid Market Size and Forecast, by Form(2022-2029) 5.5.1.4. United Kingdom Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.2. France 5.5.2.1. France Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.2.2. France Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.2.3. France Lactic Acid Market Size and Forecast, by Form(2022-2029) 5.5.2.4. France Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.3. Germany 5.5.3.1. Germany Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.3.2. Germany Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.3.3. Germany Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.5.3.4. Germany Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.4. Italy 5.5.4.1. Italy Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.4.2. Italy Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.4.3. Italy Lactic Acid Market Size and Forecast, by Form(2022-2029) 5.5.4.4. Italy Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.5. Spain 5.5.5.1. Spain Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.5.2. Spain Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.5.3. Spain Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.5.5.4. Spain Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.6. Sweden 5.5.6.1. Sweden Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.6.2. Sweden Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.6.3. Sweden Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.5.6.4. Sweden Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.7. Austria 5.5.7.1. Austria Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.7.2. Austria Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.7.3. Austria Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.5.7.4. Austria Lactic Acid Market Size and Forecast, by Source (2022-2029) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 5.5.8.2. Rest of Europe Lactic Acid Market Size and Forecast, by Application (2022-2029) 5.5.8.3. Rest of Europe Lactic Acid Market Size and Forecast, by Form (2022-2029) 5.5.8.4. Rest of Europe Lactic Acid Market Size and Forecast, by Source (2022-2029) 6. Asia Pacific Lactic Acid Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 6.1. Asia Pacific Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.2. Asia Pacific Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.4. Asia Pacific Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5. Asia Pacific Lactic Acid Market Size and Forecast, by Country (2022-2029) 6.5.1. China 6.5.1.1. China Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.1.2. China Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.1.3. China Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.1.4. China Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.2. S Korea 6.5.2.1. S Korea Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.2.2. S Korea Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.2.3. S Korea Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.2.4. S Korea Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.3. Japan 6.5.3.1. Japan Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.3.2. Japan Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.3.3. Japan Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.3.4. Japan Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.4. India 6.5.4.1. India Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.4.2. India Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.4.3. India Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.4.4. India Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.5. Australia 6.5.5.1. Australia Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.5.2. Australia Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.5.3. Australia Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.5.4. Australia Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.6. Indonesia 6.5.6.1. Indonesia Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.6.2. Indonesia Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.6.3. Indonesia Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.6.4. Indonesia Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.7. Malaysia 6.5.7.1. Malaysia Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.7.2. Malaysia Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.7.3. Malaysia Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.7.4. Malaysia Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.8. Vietnam 6.5.8.1. Vietnam Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.8.2. Vietnam Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.8.3. Vietnam Lactic Acid Market Size and Forecast, by Form(2022-2029) 6.5.8.4. Vietnam Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.9. Taiwan 6.5.9.1. Taiwan Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.9.2. Taiwan Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.9.3. Taiwan Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.9.4. Taiwan Lactic Acid Market Size and Forecast, by Source (2022-2029) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 6.5.10.2. Rest of Asia Pacific Lactic Acid Market Size and Forecast, by Application (2022-2029) 6.5.10.3. Rest of Asia Pacific Lactic Acid Market Size and Forecast, by Form (2022-2029) 6.5.10.4. Rest of Asia Pacific Lactic Acid Market Size and Forecast, by Source (2022-2029) 7. Middle East and Africa Lactic Acid Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 7.1. Middle East and Africa Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 7.2. Middle East and Africa Lactic Acid Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Lactic Acid Market Size and Forecast, by Form (2022-2029) 7.4. Middle East and Africa Lactic Acid Market Size and Forecast, by Source (2022-2029) 7.5. Middle East and Africa Lactic Acid Market Size and Forecast, by Country (2022-2029) 7.5.1. South Africa 7.5.1.1. South Africa Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 7.5.1.2. South Africa Lactic Acid Market Size and Forecast, by Application (2022-2029) 7.5.1.3. South Africa Lactic Acid Market Size and Forecast, by Form (2022-2029) 7.5.1.4. South Africa Lactic Acid Market Size and Forecast, by Source (2022-2029) 7.5.2. GCC 7.5.2.1. GCC Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 7.5.2.2. GCC Lactic Acid Market Size and Forecast, by Application (2022-2029) 7.5.2.3. GCC Lactic Acid Market Size and Forecast, by Form (2022-2029) 7.5.2.4. GCC Lactic Acid Market Size and Forecast, by Source (2022-2029) 7.5.3. Nigeria 7.5.3.1. Nigeria Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 7.5.3.2. Nigeria Lactic Acid Market Size and Forecast, by Application (2022-2029) 7.5.3.3. Nigeria Lactic Acid Market Size and Forecast, by Form (2022-2029) 7.5.3.4. Nigeria Lactic Acid Market Size and Forecast, by Source (2022-2029) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 7.5.4.2. Rest of ME&A Lactic Acid Market Size and Forecast, by Application (2022-2029) 7.5.4.3. Rest of ME&A Lactic Acid Market Size and Forecast, by Form (2022-2029) 7.5.4.4. Rest of ME&A Lactic Acid Market Size and Forecast, by Source (2022-2029) 8. South America Lactic Acid Market Size and Forecast by Segmentation (by Value and Volume) 2022-2029 8.1. South America Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 8.2. South America Lactic Acid Market Size and Forecast, by Application (2022-2029) 8.3. South America Lactic Acid Market Size and Forecast, by Form(2022-2029) 8.4. South America Lactic Acid Market Size and Forecast, by Source (2022-2029) 8.5. South America Lactic Acid Market Size and Forecast, by Country (2022-2029) 8.5.1. Brazil 8.5.1.1. Brazil Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 8.5.1.2. Brazil Lactic Acid Market Size and Forecast, by Application (2022-2029) 8.5.1.3. Brazil Lactic Acid Market Size and Forecast, by Form (2022-2029) 8.5.1.4. Brazil Lactic Acid Market Size and Forecast, by Source (2022-2029) 8.5.2. Argentina 8.5.2.1. Argentina Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 8.5.2.2. Argentina Lactic Acid Market Size and Forecast, by Application (2022-2029) 8.5.2.3. Argentina Lactic Acid Market Size and Forecast, by Form (2022-2029) 8.5.2.4. Argentina Lactic Acid Market Size and Forecast, by Source (2022-2029) 8.5.3. Rest Of South America 8.5.3.1. Rest Of South America Lactic Acid Market Size and Forecast, by Raw Material (2022-2029) 8.5.3.2. Rest Of South America Lactic Acid Market Size and Forecast, by Application (2022-2029) 8.5.3.3. Rest Of South America Lactic Acid Market Size and Forecast, by Form (2022-2029) 8.5.3.4. Rest Of South America Lactic Acid Market Size and Forecast, by Source (2022-2029) 9. Global Lactic Acid Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Production of 2022 9.3.6. Company Locations 9.4. Leading Lactic Acid Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Lactic Acid Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. BASF 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Galactic 10.3. Nature Works 10.4. Corbion Purac 10.5. Pyramid Bioplastics 10.6. Danimer Scientific 10.7. Dow Chemical 10.8. Synbra 10.9. Henan Jindan Lactic Acid Technology 10.10. Musashino Chemical 10.11. Futerro 10.12. Teijin 10.13. Wei Mon Industry 10.14. Thyssenkrupp AG 10.15. Vaishnavi Bio-Tech Ltd. 10.16. ADM 10.17. Cargill 10.18. Cellulac 10.19. Corbion 10.20. NingXia Hypow Bio-Technology 10.21. PURAC 11. Key Findings 12. Industry Recommendations 13. Lactic Acid Market: Research Methodology 14. Terms and Glossary