Report Detail
Global L(+)-Lactic Acid Market Growth 2019-2024
- RnM2938643 |
- 13 February, 2019 |
- Global |
- 167 Pages |
- LPI(LP Information) |
- Other
Lactic acid has a systematic name that is 2-hydroxypropionic acid, which is widely existed in nature. Lactic acid is formed when glucose is broken down for energy in the absence of sufficient oxygen.
L(+)-Lactic acid excellent is produced from natural corn starch by advanced bio-fermentation and refining technology. The lactic acid is colorless to yellow liquid, having a mild acid odor and taste.
In global market, the production of L(+)-Lactic acid increases from 467 KMT in 2011 to 530 K MT in 2015, at a CAGR of more than 3.2%. In 2015, the global L(+)-Lactic acid market is led by USA, capturing about 40.13% of global L(+)-Lactic Acid production. China is the second-largest region-wise market with 27.90% global production share. At present, the major manufacturers of L(+)-Lactic acid are concentrated in Corbion, Naturework, Galactic and Henan Jindan Lactic Acid Technology. Corbion is the world leader, holding 30.51% production market share in 2015.
The global L(+)-Lactic acid revenue exceed 575 Million USD in 2015, at a CAGR of about 2% from 2017 to 2022.
In application, L(+)-Lactic Acid downstream is wide and recently L(+)-Lactic Acid has acquired increasing significance in various fields of food & beverage, home & personal care, industrial applications and pharmaceutical. and others. Globally, the L(+)-Lactic Acid market is mainly driven by growing demand for industrial applications which accounts for nearly 56.78% of total downstream consumption of L(+)-Lactic Acid in global.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, L(+)-Lactic Acid production will show a trend of steady growth. In 2022 the production of L(+)-Lactic Acid is estimated to be 668 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
According to this study, over the next five years the L(+)-Lactic Acid market will register a 2.1% CAGR in terms of revenue, the global market size will reach US$ 700 million by 2024, from US$ 620 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in L(+)-Lactic Acid business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of L(+)-Lactic Acid market by product type, application, key manufacturers and key regions and countries.
This study considers the L(+)-Lactic Acid value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Food grade
Industrial grade
Pharmaceutical grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Pharmaceutical
Home & personal care
Industrial Applications
Food & Beverage
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Corbion
Naturework
Galactic
Henan Jindan Lactic Acid Technology
COFCO Biochemical (AnHui)
Musashino Chemical
ADM
Yancheng Haijianuo
Wuhan Sanjiang Space Good Biotech
Shanxi Biochemical
Jungbunzlauer
Zhengzhou Tianrun
Shangdong Fullsail
Tripura Bio Tech Limited
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global L(+)-Lactic Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of L(+)-Lactic Acid market by identifying its various subsegments.
Focuses on the key global L(+)-Lactic Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the L(+)-Lactic Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of L(+)-Lactic Acid submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Contents
2019-2024 Global L(+)-Lactic Acid Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global L(+)-Lactic Acid Consumption 2014-2024
- 2.1.2 L(+)-Lactic Acid Consumption CAGR by Region
- 2.2 L(+)-Lactic Acid Segment by Type
- 2.2.1 Food grade
- 2.2.2 Industrial grade
- 2.2.3 Pharmaceutical grade
- 2.3 L(+)-Lactic Acid Consumption by Type
- 2.3.1 Global L(+)-Lactic Acid Consumption Market Share by Type (2014-2019)
- 2.3.2 Global L(+)-Lactic Acid Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global L(+)-Lactic Acid Sale Price by Type (2014-2019)
- 2.4 L(+)-Lactic Acid Segment by Application
- 2.4.1 Pharmaceutical
- 2.4.2 Home & personal care
- 2.4.3 Industrial Applications
- 2.4.4 Food & Beverage
- 2.4.5 Others
- 2.5 L(+)-Lactic Acid Consumption by Application
- 2.5.1 Global L(+)-Lactic Acid Consumption Market Share by Application (2014-2019)
- 2.5.2 Global L(+)-Lactic Acid Value and Market Share by Application (2014-2019)
- 2.5.3 Global L(+)-Lactic Acid Sale Price by Application (2014-2019)
3 Global L(+)-Lactic Acid by Players
- 3.1 Global L(+)-Lactic Acid Sales Market Share by Players
- 3.1.1 Global L(+)-Lactic Acid Sales by Players (2017-2019)
- 3.1.2 Global L(+)-Lactic Acid Sales Market Share by Players (2017-2019)
- 3.2 Global L(+)-Lactic Acid Revenue Market Share by Players
- 3.2.1 Global L(+)-Lactic Acid Revenue by Players (2017-2019)
- 3.2.2 Global L(+)-Lactic Acid Revenue Market Share by Players (2017-2019)
- 3.3 Global L(+)-Lactic Acid Sale Price by Players
- 3.4 Global L(+)-Lactic Acid Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global L(+)-Lactic Acid Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players L(+)-Lactic Acid Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 L(+)-Lactic Acid by Regions
- 4.1 L(+)-Lactic Acid by Regions
- 4.1.1 Global L(+)-Lactic Acid Consumption by Regions
- 4.1.2 Global L(+)-Lactic Acid Value by Regions
- 4.2 Americas L(+)-Lactic Acid Consumption Growth
- 4.3 APAC L(+)-Lactic Acid Consumption Growth
- 4.4 Europe L(+)-Lactic Acid Consumption Growth
- 4.5 Middle East & Africa L(+)-Lactic Acid Consumption Growth
5 Americas
- 5.1 Americas L(+)-Lactic Acid Consumption by Countries
- 5.1.1 Americas L(+)-Lactic Acid Consumption by Countries (2014-2019)
- 5.1.2 Americas L(+)-Lactic Acid Value by Countries (2014-2019)
- 5.2 Americas L(+)-Lactic Acid Consumption by Type
- 5.3 Americas L(+)-Lactic Acid Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC L(+)-Lactic Acid Consumption by Countries
- 6.1.1 APAC L(+)-Lactic Acid Consumption by Countries (2014-2019)
- 6.1.2 APAC L(+)-Lactic Acid Value by Countries (2014-2019)
- 6.2 APAC L(+)-Lactic Acid Consumption by Type
- 6.3 APAC L(+)-Lactic Acid Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe L(+)-Lactic Acid by Countries
- 7.1.1 Europe L(+)-Lactic Acid Consumption by Countries (2014-2019)
- 7.1.2 Europe L(+)-Lactic Acid Value by Countries (2014-2019)
- 7.2 Europe L(+)-Lactic Acid Consumption by Type
- 7.3 Europe L(+)-Lactic Acid Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa L(+)-Lactic Acid by Countries
- 8.1.1 Middle East & Africa L(+)-Lactic Acid Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa L(+)-Lactic Acid Value by Countries (2014-2019)
- 8.2 Middle East & Africa L(+)-Lactic Acid Consumption by Type
- 8.3 Middle East & Africa L(+)-Lactic Acid Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 L(+)-Lactic Acid Distributors
- 10.3 L(+)-Lactic Acid Customer
11 Global L(+)-Lactic Acid Market Forecast
- 11.1 Global L(+)-Lactic Acid Consumption Forecast (2019-2024)
- 11.2 Global L(+)-Lactic Acid Forecast by Regions
- 11.2.1 Global L(+)-Lactic Acid Forecast by Regions (2019-2024)
- 11.2.2 Global L(+)-Lactic Acid Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global L(+)-Lactic Acid Forecast by Type
- 11.8 Global L(+)-Lactic Acid Forecast by Application
12 Key Players Analysis
- 12.1 Corbion
- 12.1.1 Company Details
- 12.1.2 L(+)-Lactic Acid Product Offered
- 12.1.3 Corbion L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 Corbion News
- 12.2 Naturework
- 12.2.1 Company Details
- 12.2.2 L(+)-Lactic Acid Product Offered
- 12.2.3 Naturework L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Naturework News
- 12.3 Galactic
- 12.3.1 Company Details
- 12.3.2 L(+)-Lactic Acid Product Offered
- 12.3.3 Galactic L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Galactic News
- 12.4 Henan Jindan Lactic Acid Technology
- 12.4.1 Company Details
- 12.4.2 L(+)-Lactic Acid Product Offered
- 12.4.3 Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 Henan Jindan Lactic Acid Technology News
- 12.5 COFCO Biochemical (AnHui)
- 12.5.1 Company Details
- 12.5.2 L(+)-Lactic Acid Product Offered
- 12.5.3 COFCO Biochemical (AnHui) L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 COFCO Biochemical (AnHui) News
- 12.6 Musashino Chemical
- 12.6.1 Company Details
- 12.6.2 L(+)-Lactic Acid Product Offered
- 12.6.3 Musashino Chemical L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Musashino Chemical News
- 12.7 ADM
- 12.7.1 Company Details
- 12.7.2 L(+)-Lactic Acid Product Offered
- 12.7.3 ADM L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 ADM News
- 12.8 Yancheng Haijianuo
- 12.8.1 Company Details
- 12.8.2 L(+)-Lactic Acid Product Offered
- 12.8.3 Yancheng Haijianuo L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 Yancheng Haijianuo News
- 12.9 Wuhan Sanjiang Space Good Biotech
- 12.9.1 Company Details
- 12.9.2 L(+)-Lactic Acid Product Offered
- 12.9.3 Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 Wuhan Sanjiang Space Good Biotech News
- 12.10 Shanxi Biochemical
- 12.10.1 Company Details
- 12.10.2 L(+)-Lactic Acid Product Offered
- 12.10.3 Shanxi Biochemical L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.10.4 Main Business Overview
- 12.10.5 Shanxi Biochemical News
- 12.11 Jungbunzlauer
- 12.12 Zhengzhou Tianrun
- 12.13 Shangdong Fullsail
- 12.14 Tripura Bio Tech Limited
13 Research Findings and Conclusion
Summary:
Get latest Market Research Reports on L(+)-Lactic Acid . Industry analysis & Market Report on L(+)-Lactic Acid is a syndicated market report, published as Global L(+)-Lactic Acid Market Growth 2019-2024. It is complete Research Study and Industry Analysis of L(+)-Lactic Acid market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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