Lactic acid has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
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.
This report contains market size and forecasts of L(+)-Lactic Acid in global, including the following market information:
Global L(+)-Lactic Acid Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global L(+)-Lactic Acid Market Sales, 2017-2022, 2023-2028, (MT)
Global top five L(+)-Lactic Acid companies in 2021 (%)
The global L(+)-Lactic Acid market was valued at 670.9 million in 2021 and is projected to reach US$ 766.1 million by 2028, at a CAGR of 1.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Food Grade Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of L(+)-Lactic Acid include Corbion, Naturework, Galactic, Henan Jindan Lactic Acid Technology, COFCO Biochemical (AnHui), Musashino Chemical, ADM, Yancheng Haijianuo and Wuhan Sanjiang Space Good Biotech, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the L(+)-Lactic Acid 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.
Total Market by Segment:
Global L(+)-Lactic Acid Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L(+)-Lactic Acid Market Segment Percentages, by Type, 2021 (%)
Food Grade
Industrial Grade
Pharmaceutical Grade
Global L(+)-Lactic Acid Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L(+)-Lactic Acid Market Segment Percentages, by Application, 2021 (%)
Pharmaceutical
Home and Personal Care
Industrial Applications
Food and Beverage
Others
Global L(+)-Lactic Acid Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global L(+)-Lactic Acid 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 L(+)-Lactic Acid revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies L(+)-Lactic Acid revenues share in global market, 2021 (%)
Key companies L(+)-Lactic Acid sales in global market, 2017-2022 (Estimated), (MT)
Key companies L(+)-Lactic Acid sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited