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.
The United States is the world's largest consumer market. Its consumptions account for about 30% of the world.China became the world's second consumer market after 2011, and its accounting for about 25% of the world.

Market Analysis and Insights: Global Lactic Acids Market
The global Lactic Acids market is valued at US$ 971 million in 2019. The market size will reach US$ 1156.5 million by the end of 2026, growing at a CAGR of 2.5% during 2021-2026.

Global Lactic Acids Scope and Market Size
Lactic Acids market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Lactic Acids market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
L-lactic Acid
D-lactic Acid
DL-lactic Acid

Segment by Application
Industrial Use
Food and Beverage
Pharmaceutical and Personal Care

By Company
Corbion-Purac
Cargill
Galactic
Musashino
ADM
Henan Jindan Lactic Acid Technology
B&G

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia