Press release
L(+)-Lactic Acid Market Report on Emerging Trends and Growth Drivers 2025 to 2031 | Survey by QYResearch
In 2024, the global market size of L(+)-Lactic Acid was estimated to be worth US$ 1336 million and is forecast to reach approximately US$ 2968 million by 2031 with a CAGR of 12.3% during the forecast period 2025-2031.
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https://www.qyresearch.com/reports/4671113/l----lactic-acid
According to the new market research report "L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global L(+)-Lactic Acid market size is projected to reach USD 2.67 billion by 2030, at a CAGR of 11.2% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of L(+)-Lactic Acid include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, BBCA Group, Jungbunzlauer, Galactic, Henan Xinghan Biotechnology, Beijing Capital Agribusiness & Foods Group, Shandong Parkson Biotechnology, Ningxia Qiyu Biochemical, etc. In 2023, the global top five players had a share approximately 68.0% in terms of revenue.
Market Drivers:
Overall, lactic acid is a very mature industry. Its development has a history of hundreds of years, and the market growth space of the product is very limited. In recent years, the growth driver of lactic acid has mainly come from the growing demand for polylactic acid. With the implementation of the global "plastic restriction and ban" policy in recent years, as a substitute for traditional non-degradable plastics, polylactic acid has gradually shown strong demand in domestic and foreign markets.
Restraint:
The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter's growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.
Opportunity:
The demand for polylactic acid is established and is a major factor driving industry growth From the perspective of the overall polylactic acid industry pattern, the polylactic acid industry is in a state of rapid development. In recent years, more than 60 national governments have actively formulated and implemented plastic restriction and ban laws, and implemented policies to ban or tax disposable plastics. The market demand for polylactic acid has continued to grow, and the construction of global polylactic acid production capacity has continued to increase. China's planned production capacity alone is as high as millions of tons. Although many projects cannot be implemented, this shows that capital continues to be optimistic about the market space.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The L(+)-Lactic Acid market is segmented as below:
By Company
Corbion
NatureWorks
Henan Jindan Lactic Acid Technology
BBCA Group
Jungbunzlauer
Galactic
Henan Xinghan Biotechnology
Beijing Capital Agribusiness & Foods Group
Shandong Parkson Biotechnology
Ningxia Qiyu Biochemical
Musashino Chemical
Wuhan Sanjiang Space Good Biotech
Shangdong Fullsail
Pliith Biotechnology
Shanxi Leda Biochemical
Segment by Type
High Purity Grade Lactic Acid
Food Grade Lactic Acid
Others
Segment by Application
Food & Beverage
Polylactic Acid
Industrial
Pharmaceutical
Personal Care
Others
Each chapter of the report provides detailed information for readers to further understand the L(+)-Lactic Acid market:
Chapter 1: Introduces the report scope of the L(+)-Lactic Acid report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of L(+)-Lactic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various L(+)-Lactic Acid market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of L(+)-Lactic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of L(+)-Lactic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth L(+)-Lactic Acid competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides L(+)-Lactic Acid comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides L(+)-Lactic Acid market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
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If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
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QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let's work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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