List of Contents

Lactic Acid Market Size, Share, and Trends 2024 to 2034

The global lactic acid market size accounted for USD 4.07 billion in 2024, grew to USD 4.42 billion in 2025 and is predicted to surpass around USD 9.36 billion by 2034, representing a healthy CAGR of 8.70% between 2024 and 2034. The North America lactic acid market size is calculated at USD 1.87 billion in 2024 and is expected to grow at a fastest CAGR of 8.80% during the forecast year.

  • Last Updated : December 2024
  • Report Code : 1855
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Lactic Acid Market 

5.1. COVID-19 Landscape: Lactic Acid Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Lactic Acid Market, By Raw Material

8.1. Lactic Acid Market, by Raw Material, 2024-2034

8.1.1. Corn

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Sugar Cane

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Cassava

8.1.3.1. Market Revenue and Forecast (2021-2034)

8.1.4. Other Crops

8.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Lactic Acid Market, By Application

9.1. Lactic Acid Market, by Application, 2024-2034

9.1.1. Poly lactic acid

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Pharmaceuticals

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Personal care

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Food and beverages

9.1.4.1. Market Revenue and Forecast (2021-2034)

9.1.5. Industrial

9.1.5.1. Market Revenue and Forecast (2021-2034)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Lactic Acid Market, By Form 

10.1. Lactic Acid Market, by Form, 2024-2034

10.1.1. Liquid

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Form

10.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Lactic Acid Market, By Source

11.1. Lactic Acid Market, by Source, 2024-2034

11.1.1. Natural

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Synthetic

11.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Lactic Acid Market, By End-User

12.1. Lactic Acid Market, by End-User, 2024-2034

12.1.1. Packaging

12.1.1.1. Market Revenue and Forecast (2021-2034)

12.1.2. Textile

12.1.2.1. Market Revenue and Forecast (2021-2034)

12.1.3. Electronics

12.1.3.1. Market Revenue and Forecast (2021-2034)

12.1.4. Automotive

12.1.4.1. Market Revenue and Forecast (2021-2034)

12.1.5. Biomedical

12.1.5.1. Market Revenue and Forecast (2021-2034)

12.1.6. Other

12.1.6.1. Market Revenue and Forecast (2021-2034)

Chapter 13. Global Lactic Acid Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.1.2. Market Revenue and Forecast, by Application (2021-2034)

13.1.3. Market Revenue and Forecast, by Form (2021-2034)

13.1.4. Market Revenue and Forecast, by Source (2021-2034)

13.1.5. Market Revenue and Forecast, by End-User (2021-2034)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.1.6.2. Market Revenue and Forecast, by Application (2021-2034)

13.1.6.3. Market Revenue and Forecast, by Form (2021-2034)

13.1.6.4. Market Revenue and Forecast, by Source (2021-2034)

13.1.7. Market Revenue and Forecast, by End-User (2021-2034) 

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.1.8.2. Market Revenue and Forecast, by Application (2021-2034)

13.1.8.3. Market Revenue and Forecast, by Form (2021-2034)

13.1.8.4. Market Revenue and Forecast, by Source (2021-2034)

13.1.8.5. Market Revenue and Forecast, by End-User (2021-2034)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.2.2. Market Revenue and Forecast, by Application (2021-2034)

13.2.3. Market Revenue and Forecast, by Form (2021-2034)

13.2.4. Market Revenue and Forecast, by Source (2021-2034) 

13.2.5. Market Revenue and Forecast, by End-User (2021-2034) 

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.2.6.2. Market Revenue and Forecast, by Application (2021-2034)

13.2.6.3. Market Revenue and Forecast, by Form (2021-2034)

13.2.7. Market Revenue and Forecast, by Source (2021-2034) 

13.2.8. Market Revenue and Forecast, by End-User (2021-2034) 

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.2.9.2. Market Revenue and Forecast, by Application (2021-2034)

13.2.9.3. Market Revenue and Forecast, by Form (2021-2034)

13.2.10. Market Revenue and Forecast, by Source (2021-2034)

13.2.11. Market Revenue and Forecast, by End-User (2021-2034)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.2.12.2. Market Revenue and Forecast, by Application (2021-2034)

13.2.12.3. Market Revenue and Forecast, by Form (2021-2034)

13.2.12.4. Market Revenue and Forecast, by Source (2021-2034)

13.2.13. Market Revenue and Forecast, by End-User (2021-2034)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.2.14.2. Market Revenue and Forecast, by Application (2021-2034)

13.2.14.3. Market Revenue and Forecast, by Form (2021-2034)

13.2.14.4. Market Revenue and Forecast, by Source (2021-2034)

13.2.15. Market Revenue and Forecast, by End-User (2021-2034)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.3.2. Market Revenue and Forecast, by Application (2021-2034)

13.3.3. Market Revenue and Forecast, by Form (2021-2034)

13.3.4. Market Revenue and Forecast, by Source (2021-2034)

13.3.5. Market Revenue and Forecast, by End-User (2021-2034)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.3.6.2. Market Revenue and Forecast, by Application (2021-2034)

13.3.6.3. Market Revenue and Forecast, by Form (2021-2034)

13.3.6.4. Market Revenue and Forecast, by Source (2021-2034)

13.3.7. Market Revenue and Forecast, by End-User (2021-2034)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.3.8.2. Market Revenue and Forecast, by Application (2021-2034)

13.3.8.3. Market Revenue and Forecast, by Form (2021-2034)

13.3.8.4. Market Revenue and Forecast, by Source (2021-2034)

13.3.9. Market Revenue and Forecast, by End-User (2021-2034)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.3.10.2. Market Revenue and Forecast, by Application (2021-2034)

13.3.10.3. Market Revenue and Forecast, by Form (2021-2034)

13.3.10.4. Market Revenue and Forecast, by Source (2021-2034)

13.3.10.5. Market Revenue and Forecast, by End-User (2021-2034)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.3.11.2. Market Revenue and Forecast, by Application (2021-2034)

13.3.11.3. Market Revenue and Forecast, by Form (2021-2034)

13.3.11.4. Market Revenue and Forecast, by Source (2021-2034)

13.3.11.5. Market Revenue and Forecast, by End-User (2021-2034)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.4.2. Market Revenue and Forecast, by Application (2021-2034)

13.4.3. Market Revenue and Forecast, by Form (2021-2034)

13.4.4. Market Revenue and Forecast, by Source (2021-2034)

13.4.5. Market Revenue and Forecast, by End-User (2021-2034)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.4.6.2. Market Revenue and Forecast, by Application (2021-2034)

13.4.6.3. Market Revenue and Forecast, by Form (2021-2034)

13.4.6.4. Market Revenue and Forecast, by Source (2021-2034)

13.4.7. Market Revenue and Forecast, by End-User (2021-2034)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.4.8.2. Market Revenue and Forecast, by Application (2021-2034)

13.4.8.3. Market Revenue and Forecast, by Form (2021-2034)

13.4.8.4. Market Revenue and Forecast, by Source (2021-2034)

13.4.9. Market Revenue and Forecast, by End-User (2021-2034)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.4.10.2. Market Revenue and Forecast, by Application (2021-2034)

13.4.10.3. Market Revenue and Forecast, by Form (2021-2034)

13.4.10.4. Market Revenue and Forecast, by Source (2021-2034)

13.4.10.5. Market Revenue and Forecast, by End-User (2021-2034)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.4.11.2. Market Revenue and Forecast, by Application (2021-2034)

13.4.11.3. Market Revenue and Forecast, by Form (2021-2034)

13.4.11.4. Market Revenue and Forecast, by Source (2021-2034)

13.4.11.5. Market Revenue and Forecast, by End-User (2021-2034)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.5.2. Market Revenue and Forecast, by Application (2021-2034)

13.5.3. Market Revenue and Forecast, by Form (2021-2034)

13.5.4. Market Revenue and Forecast, by Source (2021-2034)

13.5.5. Market Revenue and Forecast, by End-User (2021-2034)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.5.6.2. Market Revenue and Forecast, by Application (2021-2034)

13.5.6.3. Market Revenue and Forecast, by Form (2021-2034)

13.5.6.4. Market Revenue and Forecast, by Source (2021-2034)

13.5.7. Market Revenue and Forecast, by End-User (2021-2034)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Raw Material (2021-2034)

13.5.8.2. Market Revenue and Forecast, by Application (2021-2034)

13.5.8.3. Market Revenue and Forecast, by Form (2021-2034)

13.5.8.4. Market Revenue and Forecast, by Source (2021-2034)

13.5.8.5. Market Revenue and Forecast, by End-User (2021-2034)

Chapter 14. Company Profiles

14.1. Corbion

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. DuPont

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Henan Jindan Lacic Acid Technology

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Sulzer

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Mushashino Chemical

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Jungbunzlauer

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. FoodChem International

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Cargill

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Galactic

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. DOW

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The global lactic acid market size was accounted at USD 4.07 billion in 2024 and it is expected to reach around USD 9.36 billion by 2034.

The global lactic acid market is poised to grow at a CAGR of 8.70% from 2024 to 2034.

The major players operating in the lactic acid market are Corbion, DuPont, Henan Jindan Lacic Acid Technology, Sulzer, Mushashino Chemical, Jungbunzlauer, FoodChem International, Cargill, Galactic, DOW, Unitika, Vaishnavi Biotech, Spectrum Chemicals, Godavari Bio-refineries, ProAgro GmbH, Qingdao Abel Technology, Vigon International, Henan Xinghan Biology Technology, Danimer Scientific, COFCO BioChemical

Increasing awareness about the benefits of the biodegradable polymers that are manufactured with the use of Poly lactic acid will drive the market growth in the coming years.

North America region will lead the global lactic acid market during the forecast period 2024 to 2034.

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