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Global Lactic Acid Market Analysis & Trends - Industry Forecast to 2028

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The Global Lactic Acid Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028. Some of the prominent trends that the market is witnessing include multi-functionalities of lactic and polylactic acids, government regulations and frameworks to encourage the use of bioplastics, and technological advancements to encourage the production of lactic acid & polylactic acid. Based on the raw material, the market is segregated into sugarcane, corn, and cassava. On the contrary to the form, the market is segmented into liquid and dry. Among source, the market is fragmented into synthetic and natural. By function, the market is segmented into preservative, pH regulator, flavouring agent, emulsifier, anti-microbial agent, anti-drying agent, and mineral fortification. Based on the type, the market is segregated into industrial grade, pharmaceutical grade, and food grade. By synthesis, the market is fragmented into microbial fermentation and chemical synthesis. On the basis of application, the market is segregated into skin and personal care products, polylactic acid, pharmaceutical products, industrial, cosmetics, chemical industry, biodegradable plastics and polymers, food & beverage, detergents, petroleum based products, and other applications. The food & beverage segment is further bifurcated into meat, poultry and fish, fruits and vegetable, dairy products, bakery & confectionery products, pickled vegetables, and other food & beverages. Moreover, other applications segment is further bifurcated into neutralizers, metal complexing agents, lactate solvents, humectants, descaling agents, cleaning agents, and chiral intermediates. The other food & beverages segment is further divided into sauces, savouries, snacks, jams, and salad dressing. Based on the end user, the market is segregated into textile, packaging, electronics, biomedical, automotive, and agriculture. This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors. The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures. This report provides data tables, includes charts and graphs for visual analysis. Regional Analysis: North America - US - Canada - Mexico Europe - France - Germany - Italy - Spain - UK - Rest of Europe Asia Pacific - China - Japan - India - Australia - New Zealand - Rest of Asia Pacific Middle East - Saudi Arabia - UAE - Rest of Middle East Latin America - Argentina - Brazil - Rest of Latin America Rest of the World - South Africa - Others Report Highlights: - The report provides a detailed analysis on current and future market trends to identify the investment opportunities - Market forecasts till 2028, using estimated market values as the base numbers - Key market trends across the business segments, Regions and Countries - Key developments and strategies observed in the market - Market Dynamics such as Drivers, Restraints, Opportunities and other trends - In-depth company profiles of key players and upcoming prominent players - Growth prospects among the emerging nations through 2028 - Market opportunities and recommendations for new investments

1 Market Outline 1.1 Research Methodology 1.1.1 Research Approach & Sources 1.2 Market Trends 1.3 Regulatory Factors 1.4 Application Analysis 1.5 End User Analysis 1.6 Strategic Benchmarking 1.7 Opportunity Analysis 2 Executive Summary 3 Market Overview 3.1 Current Trends 3.1.1 Multi-Functionalities of Lactic and Polylactic Acids 3.1.2 Government Regulations and Frameworks to Encourage the Use of Bioplastics 3.1.3 Technological Advancements to Encourage the Production of Lactic Acid & Polylactic Acid 3.1.4 Growth Opportunities/Investment Opportunities 3.2 Drivers 3.3 Constraints 3.4 Industry Attractiveness 3.4.1 Bargaining power of suppliers 3.4.2 Bargaining power of buyers 3.4.3 Threat of substitutes 3.4.4 Threat of new entrants 3.4.5 Competitive rivalry 4 Lactic Acid Market, By Raw Material 4.1 Sugarcane DATA TABLE Sugarcane Market Forecast to 2028 (US$ MN) 4.2 Corn DATA TABLE Corn Market Forecast to 2028 (US$ MN) 4.3 Cassava DATA TABLE Cassava Market Forecast to 2028 (US$ MN) 5 Lactic Acid Market, By Form 5.1 Liquid DATA TABLE Liquid Market Forecast to 2028 (US$ MN) 5.2 Dry DATA TABLE Dry Market Forecast to 2028 (US$ MN) 6 Lactic Acid Market, By Source 6.1 Synthetic DATA TABLE Synthetic Market Forecast to 2028 (US$ MN) 6.2 Natural DATA TABLE Natural Market Forecast to 2028 (US$ MN) 7 Lactic Acid Market, By Function 7.1 Preservative DATA TABLE Preservative Market Forecast to 2028 (US$ MN) 7.2 pH Regulator DATA TABLE pH Regulator Market Forecast to 2028 (US$ MN) 7.3 Flavouring Agent DATA TABLE Flavouring Agent Market Forecast to 2028 (US$ MN) 7.4 Emulsifier DATA TABLE Emulsifier Market Forecast to 2028 (US$ MN) 7.5 Anti-Microbial Agent DATA TABLE Anti-Microbial Agent Market Forecast to 2028 (US$ MN) 7.6 Anti-Forming Agent DATA TABLE Anti-Forming Agent Market Forecast to 2028 (US$ MN) 7.7 Mineral Fortification DATA TABLE Mineral Fortification Market Forecast to 2028 (US$ MN) 9 Lactic Acid Market, By Type 9.1 Food Grade DATA TABLE Food Grade 9.2 Industrial Grade DATA TABLE Industrial Grade 9.3 Pharmaceutical Grade DATA TABLE Pharmaceutical Grade 8 Lactic Acid Market, By Application 8.1 Skin and Personal Care Products DATA TABLE Skin and Personal Care Products Market Forecast to 2028 (US$ MN) 8.2 Polylactic Acid DATA TABLE Polylactic Acid Market Forecast to 2028 (US$ MN) 8.3 Pharmaceutical Products DATA TABLE Pharmaceutical Products Market Forecast to 2028 (US$ MN) 8.4 Industrial DATA TABLE Industrial Market Forecast to 2028 (US$ MN) 8.5 Cosmetics DATA TABLE Cosmetics Market Forecast to 2028 (US$ MN) 8.6 Chemical Industry DATA TABLE Chemical Industry Market Forecast to 2028 (US$ MN) 8.7 Biodegradable Plastics & Polymers DATA TABLE Biodegradable Plastics & Polymers Market Forecast to 2028 (US$ MN) 8.8 Food & Beverage DATA TABLE Food & Beverage Market Forecast to 2028 (US$ MN) 8.8.1 Meat, Poultry and Fish DATA TABLE Meat, Poultry and Fish Market Forecast to 2028 (US$ MN) 8.8.2 Fruits and Vegetable DATA TABLE Fruits and Vegetable Market Forecast to 2028 (US$ MN) 8.8.3 Dairy Products DATA TABLE Dairy Products Market Forecast to 2028 (US$ MN) 8.8.4 Bakery & Confectionery Products DATA TABLE Bakery & Confectionery Products Market Forecast to 2028 (US$ MN) 8.8.5 Other Food & Beverages DATA TABLE Other Food & Beverages Market Forecast to 2028 (US$ MN) 8.8.5.1 Sauces DATA TABLE Sauces Market Forecast to 2028 (US$ MN) 8.8.5.2 Savouries DATA TABLE Savouries Market Forecast to 2028 (US$ MN) 8.8.5.3 Snacks DATA TABLE Snacks Market Forecast to 2028 (US$ MN) 8.8.5.4 Jams DATA TABLE Jams Market Forecast to 2028 (US$ MN) 8.8.5.5 Salad Dressing DATA TABLE Salad Dressing Market Forecast to 2028 (US$ MN) 8.9 Detergents DATA TABLE Detergents 8.10 Petroleum Based Products DATA TABLE Petroleum Based Products 8.11 Other Applications DATA TABLE Other Applications Market Forecast to 2028 (US$ MN) 8.11.1 Neutralizers DATA TABLE Neutralizers Market Forecast to 2028 (US$ MN) 8.11.2 Metal Complexing Agents DATA TABLE Metal Complexing Agents Market Forecast to 2028 (US$ MN) 8.11.3 Lactate Solvents DATA TABLE Lactate Solvents Market Forecast to 2028 (US$ MN) 8.11.4 Humectants DATA TABLE Humectants Market Forecast to 2028 (US$ MN) 8.11.5 Descaling Agents DATA TABLE Descaling Agents Market Forecast to 2028 (US$ MN) 8.11.6 Cleaning Agents DATA TABLE Cleaning Agents Market Forecast to 2028 (US$ MN) 8.11.7 Chiral Intermediates DATA TABLE Chiral Intermediates Market Forecast to 2028 (US$ MN) 9 Lactic Acid Market, By Synthesis 9.1 Chemical Synthesis DATA TABLE Chemical Synthesis 9.2 Microbial Fermentation DATA TABLE Microbial Fermentation 10 Lactic Acid Market, By End User 10.1 Textile DATA TABLE Textile Market Forecast to 2028 (US$ MN) 10.2 Packaging DATA TABLE Packaging Market Forecast to 2028 (US$ MN) 10.3 Electronics DATA TABLE Electronics Market Forecast to 2028 (US$ MN) 10.4 Biomedical DATA TABLE Biomedical Market Forecast to 2028 (US$ MN) 10.5 Automotive DATA TABLE Automotive Market Forecast to 2028 (US$ MN) 10.6 Agriculture DATA TABLE Agriculture Market Forecast to 2028 (US$ MN) 11 Lactic Acid Market, By Geography 11.1 North America DATA TABLE North America Market Forecast by Countries to 2028 (US$ MN) 11.1.1 US 11.1.2 Canada 11.1.3 Mexico 11.2 Europe DATA TABLE Europe Market Forecast by Countries to 2028 (US$ MN) 11.2.1 Germany 11.2.2 U.K 11.2.3 Italy 11.2.4 France 11.2.5 Spain 11.2.6 Rest of Europe 11.3 Asia Pacific DATA TABLE Asia Pacific Market Forecast by Countries to 2028 (US$ MN) 11.3.1 China 11.3.2 Japan 11.3.3 India 11.3.4 Australia 11.3.5 New Zealand 11.3.6 Rest of Asia Pacific 11.4 Middle East DATA TABLE Middle East Market Forecast by Countries to 2028 (US$ MN) 11.4.1 Saudi Arabia 11.4.2 UAE 11.4.3 Rest of Middle East 11.5 Latin America DATA TABLE Latin America Market Forecast by Countries to 2028 (US$ MN) 11.5.1 Argentina 11.5.2 Brazil 11.5.3 Rest of Latin America 11.6 Rest of the World (RoW) DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2028 (US$ MN) 11.6.1 South Africa 11.6.2 Others 12 Key Player Activities 12.1 Acquisitions & Mergers 12.2 Agreements, Partnerships, Collaborations and Joint Ventures 12.3 Product Launch & Expansions 12.4 Other Activities 13 Leading Companies 13.1 Cargill 13.2 COFCO BioChemical 13.3 Corbion 13.4 Danimer Scientific 13.5 DuPont 13.6 FoodChem International 13.7 Galactic 13.8 Godavari Bio-refineries 13.9 Henan Jindan Lacic Acid Technology 13.10 Henan Xinghan Biology Technology 13.11 Jungbunzlauer 13.12 Mushashino Chemical 13.13 ProAgro GmbH 13.14 Qingdao Abel Technology 13.15 Spectrum Chemicals 13.16 Sulzer 13.17 Unitika 13.18 Vaishnavi Biotech 13.19 Vigon International List of Tables Table 1 Global Lactic Acid Market By Region, Market Forecast (2016-2028) (US $MN) Table 2 Global Lactic Acid Market By Raw Material, Market Forecast (2016-2028) (US $MN) Table 3 Global Lactic Acid Market By Sugarcane, Market Forecast (2016-2028) (US $MN) Table 4 Global Lactic Acid Market By Corn, Market Forecast (2016-2028) (US $MN) Table 5 Global Lactic Acid Market By Cassava, Market Forecast (2016-2028) (US $MN) Table 6 Global Lactic Acid Market By Form, Market Forecast (2016-2028) (US $MN) Table 7 Global Lactic Acid Market By Liquid, Market Forecast (2016-2028) (US $MN) Table 8 Global Lactic Acid Market By Dry , Market Forecast (2016-2028) (US $MN) Table 9 Global Lactic Acid Market By Source, Market Forecast (2016-2028) (US $MN) Table 10 Global Lactic Acid Market By Synthetic, Market Forecast (2016-2028) (US $MN) Table 11 Global Lactic Acid Market By Natural, Market Forecast (2016-2028) (US $MN) Table 12 Global Lactic Acid Market By Function , Market Forecast (2016-2028) (US $MN) Table 13 Global Lactic Acid Market By Preservative, Market Forecast (2016-2028) (US $MN) Table 14 Global Lactic Acid Market By pH Regulator, Market Forecast (2016-2028) (US $MN) Table 15 Global Lactic Acid Market By Flavouring Agent, Market Forecast (2016-2028) (US $MN) Table 16 Global Lactic Acid Market By Emulsifier, Market Forecast (2016-2028) (US $MN) Table 17 Global Lactic Acid Market By Anti-Microbial Agent, Market Forecast (2016-2028) (US $MN) Table 18 Global Lactic Acid Market By Anti-Forming Agent, Market Forecast (2016-2028) (US $MN) Table 19 Global Lactic Acid Market By Mineral Fortification, Market Forecast (2016-2028) (US $MN) Table 20 Global Lactic Acid Market By Type, Market Forecast (2016-2028) (US $MN) Table 21 Global Lactic Acid Market By Food Grade, Market Forecast (2016-2028) (US $MN) Table 22 Global Lactic Acid Market By Industrial Grade, Market Forecast (2016-2028) (US $MN) Table 23 Global Lactic Acid Market By Pharmaceutical Grade, Market Forecast (2016-2028) (US $MN) Table 24 Global Lactic Acid Market By Application, Market Forecast (2016-2028) (US $MN) Table 25 Global Lactic Acid Market By Skin and Personal Care Products, Market Forecast (2016-2028) (US $MN) Table 26 Global Lactic Acid Market By Polylactic Acid, Market Forecast (2016-2028) (US $MN) Table 27 Global Lactic Acid Market By Pharmaceutical Products, Market Forecast (2016-2028) (US $MN) Table 28 Global Lactic Acid Market By Industrial, Market Forecast (2016-2028) (US $MN) Table 29 Global Lactic Acid Market By Cosmetics, Market Forecast (2016-2028) (US $MN) Table 30 Global Lactic Acid Market By Chemical Industry, Market Forecast (2016-2028) (US $MN) Table 31 Global Lactic Acid Market By Biodegradable Plastics & Polymers, Market Forecast (2016-2028) (US $MN) Table 32 Global Lactic Acid Market By Food & Beverage, Market Forecast (2016-2028) (US $MN) Table 33 Global Lactic Acid Market By Meat, Poultry and Fish, Market Forecast (2016-2028) (US $MN) Table 34 Global Lactic Acid Market By Fruits and Vegetable, Market Forecast (2016-2028) (US $MN) Table 35 Global Lactic Acid Market By Dairy Products, Market Forecast (2016-2028) (US $MN) Table 36 Global Lactic Acid Market By Bakery & Confectionery Products, Market Forecast (2016-2028) (US $MN) Table 37 Global Lactic Acid Market By Beverages, Market Forecast (2016-2028) (US $MN) Table 38 Global Lactic Acid Market By Other Food & Beverages, Market Forecast (2016-2028) (US $MN) Table 39 Global Lactic Acid Market By Detergents, Market Forecast (2016-2028) (US $MN) Table 40 Global Lactic Acid Market By Petroleum Based Products, Market Forecast (2016-2028) (US $MN) Table 41 Global Lactic Acid Market By Other Applications, Market Forecast (2016-2028) (US $MN) Table 42 Global Lactic Acid Market By Neutralizers, Market Forecast (2016-2028) (US $MN) Table 43 Global Lactic Acid Market By Metal Complexing Agents, Market Forecast (2016-2028) (US $MN) Table 44 Global Lactic Acid Market By Lactate Solvents, Market Forecast (2016-2028) (US $MN) Table 45 Global Lactic Acid Market By Humectants, Market Forecast (2016-2028) (US $MN) Table 46 Global Lactic Acid Market By Descaling Agents, Market Forecast (2016-2028) (US $MN) Table 47 Global Lactic Acid Market By Cleaning Agents, Market Forecast (2016-2028) (US $MN) Table 48 Global Lactic Acid Market By Chiral Intermediates, Market Forecast (2016-2028) (US $MN) Table 49 Global Lactic Acid Market By Synthesis, Market Forecast (2016-2028) (US $MN) Table 50 Global Lactic Acid Market By Chemical Synthesis, Market Forecast (2016-2028) (US $MN) Table 51 Global Lactic Acid Market By Microbial Fermentation, Market Forecast (2016-2028) (US $MN) Table 52 Global Lactic Acid Market By End User, Market Forecast (2016-2028) (US $MN) Table 53 Global Lactic Acid Market By Textile, Market Forecast (2016-2028) (US $MN) Table 54 Global Lactic Acid Market By Packaging, Market Forecast (2016-2028) (US $MN) Table 55 Global Lactic Acid Market By Electronics, Market Forecast (2016-2028) (US $MN) Table 56 Global Lactic Acid Market By Biomedical, Market Forecast (2016-2028) (US $MN) Table 57 Global Lactic Acid Market By Automotive, Market Forecast (2016-2028) (US $MN) Table 58 Global Lactic Acid Market By Agriculture, Market Forecast (2016-2028) (US $MN) NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.

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