Lactic Acid Market at a CAGR of 19.6% Rising Enterprise Efficiency and Dominated by Top Competitors (BASF, DOW, ADM, Galactic, Plaxica, Bioprox, Jungbunzlauer, Myriant) and Global Forecast to 2026

Marketprognosis.com Publish a New Market Research Report On “Lactic Acid - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Lactic Acid Market:

The Global Lactic Acid Market is accounted for $2.65 Billion in 2017 and is expected to reach $13.23 Billion by 2026 growing at a CAGR of 19.6%. Factors influencing the market growth include rising demand for environment-friendly products, increasing demand for green packaging and growing medical expenditure coupled with the growth of pharmaceutical industries. However, factors such as fluctuation in raw material prices are hindering the market growth.

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Lactic acid is an organic water soluble compound produced by the chemical breakdown of carbohydrates such as lactose or glucose. Lactic acids are mostly used for the conservation and flavoring. Moreover, it is also used in the manufacturing of some other chemicals such as acrylic acid, dilactide and glycol. Lactic acid is also used in the pharmaceutical sector for the production of water-soluble lactates.

Based on end user, biodegradable polymers segment is expected to have considerable market share due to growing environmental concerns from petroleum-based polymers, increasing consumer awareness about eco-friendly packaging, fluctuation in oil prices and rising demand for natural, sustainable and green products.

By geography, North America was the dominant market. The region is likely to show extensive growth in light of high demand for PLA and personal care products. Rising pharmaceutical and fragrance industry is expected to drive industry expansion in North America. Rising pharmaceutical industry in the U.S. and Mexico due to government support and increasing investment by local participants will fuel industry expansion over the upcoming years.

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Major Key Players:

1 BASF

2 The DOW Chemical Company

3 ADM

4 Galactic

5 Plaxica

6 Chongqing Bofei Biochemical Products

6 Wuhan Sanjiang Space Good Biotech

7 Yancheng Haijianuo Biological Engineering and More…………

Market Segment by Sources:

1 Synthetic Source

2 Natural Source

Market Segment by Functions:

1 Flavour

2 Preservative

3 Mineral Fortification

4 Antimicrobial Agent

5 pH Regulator

6 Other Functions

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Market Segment by Ingredients:

1 Wheat

2 Corn/Maize

3 sugarcane

4 Cassava

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2026?

3 What are the technologies & innovation trends, how will they evolve by 2026?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Lactic Acid Market.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Lactic Acid Market, By Source

6 Global Lactic Acid Market, By Function

7 Global Lactic Acid Market, By Ingredients

8 Global Lactic Acid Market, By End User

9 Global Lactic Acid Market, By Application

10 Global Lactic Acid Market, By Geography

11 Key Developments

12 Company Profiling

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This release was published on openPR.