Press release
Lactic Acid Market worth $6.37 billion by 2030, growing at a CAGR of 9.01% - Exclusive Report by 360iResearch
The "Lactic Acid Market by Form (Form, Liquid), Application (Biodegradable Polymers, Food & Beverages, Personal Care Products) - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.The Global Lactic Acid Market to grow from USD 3.19 billion in 2022 to USD 6.37 billion by 2030, at a CAGR of 9.01%.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Lactic Acid Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Lactic Acid Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Lactic Acid Market, highlighting leading vendors and their innovative profiles. These include ADM, Cargill, Incorporated, Cellulac, Corbion N.V., DuPont de Nemours, Inc., Henan Jindan Lactic Acid Technology Co., Ltd., Hydrite Chemical Co., Jiaan Biotech, Jiangxi Keyuan Bio-Material Co., Ltd., Mitushi Biopharma, Musashino Chemical (China) Co., Ltd., S & G Resources, Inc., Spectrum Chemicals, Teijin Limited, and Vigon International, Inc..
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Market Segmentation & Coverage:
This research report categorizes the Lactic Acid Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across Form and Liquid. The Liquid is projected to witness significant market share during forecast period.
Based on Application, market is studied across Biodegradable Polymers, Food & Beverages, Personal Care Products, and Pharmaceutical Products. The Food & Beverages is further studied across Bakery & Confectionery Products, Beverages, Dairy Products, and Meat Products. The Biodegradable Polymers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Lactic Acid Market, by Form
7. Lactic Acid Market, by Application
8. Americas Lactic Acid Market
9. Asia-Pacific Lactic Acid Market
10. Europe, Middle East & Africa Lactic Acid Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Lactic Acid Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lactic Acid Market?
3. What is the competitive strategic window for opportunities in the Lactic Acid Market?
4. What are the technology trends and regulatory frameworks in the Lactic Acid Market?
5. What is the market share of the leading vendors in the Lactic Acid Market?
6. What modes and strategic moves are considered suitable for entering the Lactic Acid Market?
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Lactic acid (2-hydroxy propanoic acid) is a colorless or some time yellowish, odorless and hygroscopic, sugary and thick chemical liquid. It is generally soluble with other liquids such as water and ethanol. It is found in abundance in nature. It is the most important acid ingredient of acerbic milk and a typical component of animals’ blood and muscle tissue.
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