Lactic Acid Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Lactic Acid Market size was valued at USD 2.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8% from 2021 to 2027.

Lactic acid is usually found in sour milk and refers to an acid that is also produced in muscle tissue when a person exercises. The acid is colorless or yellow in color and is also made by fermenting potato, molasses, and corn starch. Synthetic and natural processing is possible, and it is widely used for personal care, polylactic acid, food and beverage, personal care, etc.

Market Segments

Lactic acid: By Form

• Liquid
• Form 

Lactic acid: By Application

• Biodegradable polymers
• Food & Beverages
• Personal care products
• Pharmaceutical products

Key Players

• BASF SE
• Galactic
• Musashino Chemical (China) Co., Ltd.
• Futerro
• Corbion
• Dow
• TEIJIN LIMITED

Scope of the Report

The research study analyzes the global Lactic Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Lactic Acid Market Report

1. What was the Lactic Acid Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Lactic Acid Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Lactic Acid Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.