How big is the Lactic Acid Market?

The Lactic Acid Market size is expected to reach USD 511.11 million in 2024 and grow at a CAGR of 4.09% to reach USD 624.54 million by 2029. Read More

What is the current Lactic Acid Market size?

In 2024, the Lactic Acid Market size is expected to reach USD 511.11 million. Read More

Who are the key players in Lactic Acid Market?

Corbion NV, Henan Jindan Lactic Acid Technology Co., Ltd, Cargill, Incorporated, DuPont de Nemours, Inc. and VIGON INTERNATIONAL, INC. are the major companies operating in the Lactic Acid Market. Read More

Which is the fastest growing region in Lactic Acid Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Lactic Acid Market?

In 2024, the North America accounts for the largest market share in Lactic Acid Market. Read More

What years does this Lactic Acid Market cover, and what was the market size in 2023?

In 2023, the Lactic Acid Market size was estimated at USD 491.03 million. The report covers the Lactic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lactic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Lactic Acid Market - Size, Share & Industry Analysis

Lactic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Lactic Acid Market is Segmented by Source (Natural and Synthetic), Application (Meat, Poultry and Fish, Beverage, Confectionery, Bakery, Fruits and Vegetables, and Dairy), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Size and Forecasts Are Provided in Terms of Value (USD) for All the Above Segments.

Lactic Acid Industry Overview

The lactic acid market is highly consolidated in nature. The leading competitors in the market are Cargill Incorporated, Corbion NV, Henan Jindan Lactic Acid Technology Co. Ltd, and DuPont de Nemour Inc. Due to commodity price instability, the big competitors prefer to invest in new product development and marketing strategies to maintain their positions. Most significant firms are investing in R&D to develop new and innovative technology.