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L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Industry: Food & Beverages

Published: 2024-05-15

Pages: 122 Pages

Report ld: 3148018

Description
Table of Contents
Table of Figures
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Description
Table of Contents
Table of Figures
PDF Download

Description

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. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid. L (+) lactic acid is commercially produced in fermentation processes using lactic acid bacteria or fungi such as Rhizopus oryzae in submerged culture. In 1856, L. Pasteur discovered that Lactobacillus bacteria produce L-lactic acid, and this became the basis for the first commercial manufacturing plant to produce the acid (1895).

The global market for L(+)-Lactic Acid was estimated to be worth US$ 1096 million in 2023 and is forecast to a readjusted size of US$ 2673 million by 2030 with a CAGR of 12.3% during the forecast period 2024-2030.

L(+)-Lactic Acid Market Size

M= millions and B=billions

Global key players of L(+)-Lactic Acid include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, BBCA Group, Jungbunzlauer, etc. The top five players hold a share about 69%. Asia Pacific is the largest market, and has a share about 49%, followed by Europe and North America with share 25% and 21%, separately. In terms of product type, Food Grade Lactic Acid is the largest segment, occupied for a share of 56%. In terms of application, Food & Beverage is the largest field with a share about 50 percent.

This report aims to provide a comprehensive presentation of the global market for L(+)-Lactic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of L(+)-Lactic Acid by region & country, by Type, and by Application.

The L(+)-Lactic Acid market size, estimations, and forecasts are provided in terms of sales volume (K Tons) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding L(+)-Lactic Acid.

Market Segmentation

Report Metric
Details
Report Title
L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Forecasted Market Size in 2030
US$ 2673 million
CAGR(2024-2030)
12.3%
Market Size Available for Years
2019-2030
Global L(+)-Lactic Acid Companies Covered
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
Global L(+)-Lactic Acid Market, by Region
North America (U.S., Canada, Mexico)

Europe (Germany, France, UK, Italy, etc.)

Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)

South America (Brazil, etc.)

Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global L(+)-Lactic Acid Market, Segment by Type
High Purity Grade Lactic Acid

Food Grade Lactic Acid

Others
Global L(+)-Lactic Acid Market, Segment by Application
Food & Beverage

Polylactic Acid

Industrial

Pharmaceutical

Personal Care

Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, 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.
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.
Chapter 3: Provides the analysis of various 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.
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.
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.
Chapter 6: Sales, revenue of L(+)-Lactic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.
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.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Table of Contents

 1 Market Overview
    1.1 L(+)-Lactic Acid Product Introduction
    1.2 Global L(+)-Lactic Acid Market Size Forecast
        1.2.1 Global L(+)-Lactic Acid Sales Value (2019-2030)
        1.2.2 Global L(+)-Lactic Acid Sales Volume (2019-2030)
        1.2.3 Global L(+)-Lactic Acid Sales Price (2019-2030)
    1.3 L(+)-Lactic Acid Market Trends & Drivers
        1.3.1 L(+)-Lactic Acid Industry Trends
        1.3.2 L(+)-Lactic Acid Market Drivers & Opportunity
        1.3.3 L(+)-Lactic Acid Market Challenges
        1.3.4 L(+)-Lactic Acid Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global L(+)-Lactic Acid Players Revenue Ranking (2023)
    2.2 Global L(+)-Lactic Acid Revenue by Company (2019-2024)
    2.3 Global L(+)-Lactic Acid Players Sales Volume Ranking (2023)
    2.4 Global L(+)-Lactic Acid Sales Volume by Company Players (2019-2024)
    2.5 Global L(+)-Lactic Acid Average Price by Company (2019-2024)
    2.6 Key Manufacturers L(+)-Lactic Acid Manufacturing Base and Headquarters
    2.7 Key Manufacturers L(+)-Lactic Acid Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of L(+)-Lactic Acid
    2.9 L(+)-Lactic Acid Market Competitive Analysis
        2.9.1 L(+)-Lactic Acid Market Concentration Rate (2019-2024)
        2.9.2 Global 5 and 10 Largest Manufacturers by L(+)-Lactic Acid Revenue in 2023
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in L(+)-Lactic Acid as of 2023)
    2.10 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 High Purity Grade Lactic Acid
        3.1.2 Food Grade Lactic Acid
        3.1.3 Others
    3.2 Global L(+)-Lactic Acid Sales Value by Type
        3.2.1 Global L(+)-Lactic Acid Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global L(+)-Lactic Acid Sales Value, by Type (2019-2030)
        3.2.3 Global L(+)-Lactic Acid Sales Value, by Type (%) (2019-2030)
    3.3 Global L(+)-Lactic Acid Sales Volume by Type
        3.3.1 Global L(+)-Lactic Acid Sales Volume by Type (2019 VS 2023 VS 2030)
        3.3.2 Global L(+)-Lactic Acid Sales Volume, by Type (2019-2030)
        3.3.3 Global L(+)-Lactic Acid Sales Volume, by Type (%) (2019-2030)
    3.4 Global L(+)-Lactic Acid Average Price by Type (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Food & Beverage
        4.1.2 Polylactic Acid
        4.1.3 Industrial
        4.1.4 Pharmaceutical
        4.1.5 Personal Care
        4.1.6 Others
    4.2 Global L(+)-Lactic Acid Sales Value by Application
        4.2.1 Global L(+)-Lactic Acid Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global L(+)-Lactic Acid Sales Value, by Application (2019-2030)
        4.2.3 Global L(+)-Lactic Acid Sales Value, by Application (%) (2019-2030)
    4.3 Global L(+)-Lactic Acid Sales Volume by Application
        4.3.1 Global L(+)-Lactic Acid Sales Volume by Application (2019 VS 2023 VS 2030)
        4.3.2 Global L(+)-Lactic Acid Sales Volume, by Application (2019-2030)
        4.3.3 Global L(+)-Lactic Acid Sales Volume, by Application (%) (2019-2030)
    4.4 Global L(+)-Lactic Acid Average Price by Application (2019-2030)

 5 Segmentation by Region
    5.1 Global L(+)-Lactic Acid Sales Value by Region
        5.1.1 Global L(+)-Lactic Acid Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global L(+)-Lactic Acid Sales Value by Region (2019-2024)
        5.1.3 Global L(+)-Lactic Acid Sales Value by Region (2025-2030)
        5.1.4 Global L(+)-Lactic Acid Sales Value by Region (%), (2019-2030)
    5.2 Global L(+)-Lactic Acid Sales Volume by Region
        5.2.1 Global L(+)-Lactic Acid Sales Volume by Region: 2019 VS 2023 VS 2030
        5.2.2 Global L(+)-Lactic Acid Sales Volume by Region (2019-2024)
        5.2.3 Global L(+)-Lactic Acid Sales Volume by Region (2025-2030)
        5.2.4 Global L(+)-Lactic Acid Sales Volume by Region (%), (2019-2030)
    5.3 Global L(+)-Lactic Acid Average Price by Region (2019-2030)
    5.4 North America
        5.4.1 North America L(+)-Lactic Acid Sales Value, 2019-2030
        5.4.2 North America L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
    5.5 Europe
        5.5.1 Europe L(+)-Lactic Acid Sales Value, 2019-2030
        5.5.2 Europe L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
    5.6 Asia Pacific
        5.6.1 Asia Pacific L(+)-Lactic Acid Sales Value, 2019-2030
        5.6.2 Asia Pacific L(+)-Lactic Acid Sales Value by Region (%), 2023 VS 2030
    5.7 South America
        5.7.1 South America L(+)-Lactic Acid Sales Value, 2019-2030
        5.7.2 South America L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa L(+)-Lactic Acid Sales Value, 2019-2030
        5.8.2 Middle East & Africa L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions L(+)-Lactic Acid Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions L(+)-Lactic Acid Sales Value
        6.2.1 Key Countries/Regions L(+)-Lactic Acid Sales Value, 2019-2030
        6.2.2 Key Countries/Regions L(+)-Lactic Acid Sales Volume, 2019-2030
    6.3 United States
        6.3.1 United States L(+)-Lactic Acid Sales Value, 2019-2030
        6.3.2 United States L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe L(+)-Lactic Acid Sales Value, 2019-2030
        6.4.2 Europe L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China L(+)-Lactic Acid Sales Value, 2019-2030
        6.5.2 China L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.5.3 China L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan L(+)-Lactic Acid Sales Value, 2019-2030
        6.6.2 Japan L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea L(+)-Lactic Acid Sales Value, 2019-2030
        6.7.2 South Korea L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia L(+)-Lactic Acid Sales Value, 2019-2030
        6.8.2 Southeast Asia L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India L(+)-Lactic Acid Sales Value, 2019-2030
        6.9.2 India L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
        6.9.3 India L(+)-Lactic Acid Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Corbion
        7.1.1 Corbion Company Information
        7.1.2 Corbion Introduction and Business Overview
        7.1.3 Corbion L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.1.4 Corbion L(+)-Lactic Acid Product Offerings
        7.1.5 Corbion Recent Development
    7.2 NatureWorks
        7.2.1 NatureWorks Company Information
        7.2.2 NatureWorks Introduction and Business Overview
        7.2.3 NatureWorks L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.2.4 NatureWorks L(+)-Lactic Acid Product Offerings
        7.2.5 NatureWorks Recent Development
    7.3 Henan Jindan Lactic Acid Technology
        7.3.1 Henan Jindan Lactic Acid Technology Company Information
        7.3.2 Henan Jindan Lactic Acid Technology Introduction and Business Overview
        7.3.3 Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.3.4 Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Product Offerings
        7.3.5 Henan Jindan Lactic Acid Technology Recent Development
    7.4 BBCA Group
        7.4.1 BBCA Group Company Information
        7.4.2 BBCA Group Introduction and Business Overview
        7.4.3 BBCA Group L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.4.4 BBCA Group L(+)-Lactic Acid Product Offerings
        7.4.5 BBCA Group Recent Development
    7.5 Jungbunzlauer
        7.5.1 Jungbunzlauer Company Information
        7.5.2 Jungbunzlauer Introduction and Business Overview
        7.5.3 Jungbunzlauer L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.5.4 Jungbunzlauer L(+)-Lactic Acid Product Offerings
        7.5.5 Jungbunzlauer Recent Development
    7.6 Galactic
        7.6.1 Galactic Company Information
        7.6.2 Galactic Introduction and Business Overview
        7.6.3 Galactic L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.6.4 Galactic L(+)-Lactic Acid Product Offerings
        7.6.5 Galactic Recent Development
    7.7 Henan Xinghan Biotechnology
        7.7.1 Henan Xinghan Biotechnology Company Information
        7.7.2 Henan Xinghan Biotechnology Introduction and Business Overview
        7.7.3 Henan Xinghan Biotechnology L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.7.4 Henan Xinghan Biotechnology L(+)-Lactic Acid Product Offerings
        7.7.5 Henan Xinghan Biotechnology Recent Development
    7.8 Beijing Capital Agribusiness & Foods Group
        7.8.1 Beijing Capital Agribusiness & Foods Group Company Information
        7.8.2 Beijing Capital Agribusiness & Foods Group Introduction and Business Overview
        7.8.3 Beijing Capital Agribusiness & Foods Group L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.8.4 Beijing Capital Agribusiness & Foods Group L(+)-Lactic Acid Product Offerings
        7.8.5 Beijing Capital Agribusiness & Foods Group Recent Development
    7.9 Shandong Parkson Biotechnology
        7.9.1 Shandong Parkson Biotechnology Company Information
        7.9.2 Shandong Parkson Biotechnology Introduction and Business Overview
        7.9.3 Shandong Parkson Biotechnology L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.9.4 Shandong Parkson Biotechnology L(+)-Lactic Acid Product Offerings
        7.9.5 Shandong Parkson Biotechnology Recent Development
    7.10 Ningxia Qiyu Biochemical
        7.10.1 Ningxia Qiyu Biochemical Company Information
        7.10.2 Ningxia Qiyu Biochemical Introduction and Business Overview
        7.10.3 Ningxia Qiyu Biochemical L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.10.4 Ningxia Qiyu Biochemical L(+)-Lactic Acid Product Offerings
        7.10.5 Ningxia Qiyu Biochemical Recent Development
    7.11 Musashino Chemical
        7.11.1 Musashino Chemical Company Information
        7.11.2 Musashino Chemical Introduction and Business Overview
        7.11.3 Musashino Chemical L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.11.4 Musashino Chemical L(+)-Lactic Acid Product Offerings
        7.11.5 Musashino Chemical Recent Development
    7.12 Wuhan Sanjiang Space Good Biotech
        7.12.1 Wuhan Sanjiang Space Good Biotech Company Information
        7.12.2 Wuhan Sanjiang Space Good Biotech Introduction and Business Overview
        7.12.3 Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.12.4 Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Product Offerings
        7.12.5 Wuhan Sanjiang Space Good Biotech Recent Development
    7.13 Shangdong Fullsail
        7.13.1 Shangdong Fullsail Company Information
        7.13.2 Shangdong Fullsail Introduction and Business Overview
        7.13.3 Shangdong Fullsail L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.13.4 Shangdong Fullsail L(+)-Lactic Acid Product Offerings
        7.13.5 Shangdong Fullsail Recent Development
    7.14 Pliith Biotechnology
        7.14.1 Pliith Biotechnology Company Information
        7.14.2 Pliith Biotechnology Introduction and Business Overview
        7.14.3 Pliith Biotechnology L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.14.4 Pliith Biotechnology L(+)-Lactic Acid Product Offerings
        7.14.5 Pliith Biotechnology Recent Development
    7.15 Shanxi Leda Biochemical
        7.15.1 Shanxi Leda Biochemical Company Information
        7.15.2 Shanxi Leda Biochemical Introduction and Business Overview
        7.15.3 Shanxi Leda Biochemical L(+)-Lactic Acid Sales, Revenue, Price and Gross Margin (2019-2024)
        7.15.4 Shanxi Leda Biochemical L(+)-Lactic Acid Product Offerings
        7.15.5 Shanxi Leda Biochemical Recent Development

 8 Industry Chain Analysis
    8.1 L(+)-Lactic Acid Industrial Chain
    8.2 L(+)-Lactic Acid Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 L(+)-Lactic Acid Sales Model
        8.5.2 Sales Channel
        8.5.3 L(+)-Lactic Acid Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
            10.1.1.1 Research Programs/Design
            10.1.1.2 Market Size Estimation
            10.1.1.3 Market Breakdown and Data Triangulation
        10.1.2 Data Source
            10.1.2.1 Secondary Sources
            10.1.2.2 Primary Sources
    10.2 Author Details
    10.3 Disclaimer

Table of Figures

List of Tables
 Table 1. L(+)-Lactic Acid Market Trends
 Table 2. L(+)-Lactic Acid Market Drivers & Opportunity
 Table 3. L(+)-Lactic Acid Market Challenges
 Table 4. L(+)-Lactic Acid Market Restraints
 Table 5. Global L(+)-Lactic Acid Revenue by Company (2019-2024) & (US$ Million)
 Table 6. Global L(+)-Lactic Acid Revenue Market Share by Company (2019-2024)
 Table 7. Global L(+)-Lactic Acid Sales Volume by Company (2019-2024) & (K Tons)
 Table 8. Global L(+)-Lactic Acid Sales Volume Market Share by Company (2019-2024)
 Table 9. Global Market L(+)-Lactic Acid Price by Company (2019-2024) & (US$/Ton)
 Table 10. Key Manufacturers L(+)-Lactic Acid Manufacturing Base and Headquarters
 Table 11. Key Manufacturers L(+)-Lactic Acid Product Type
 Table 12. Key Manufacturers Time to Begin Mass Production of L(+)-Lactic Acid
 Table 13. Global L(+)-Lactic Acid Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in L(+)-Lactic Acid as of 2023)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global L(+)-Lactic Acid Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
 Table 17. Global L(+)-Lactic Acid Sales Value by Type (2019-2024) & (US$ Million)
 Table 18. Global L(+)-Lactic Acid Sales Value by Type (2025-2030) & (US$ Million)
 Table 19. Global L(+)-Lactic Acid Sales Market Share in Value by Type (2019-2024)
 Table 20. Global L(+)-Lactic Acid Sales Market Share in Value by Type (2025-2030)
 Table 21. Global L(+)-Lactic Acid Sales Volume by Type: 2019 VS 2023 VS 2030 (K Tons)
 Table 22. Global L(+)-Lactic Acid Sales Volume by Type (2019-2024) & (K Tons)
 Table 23. Global L(+)-Lactic Acid Sales Volume by Type (2025-2030) & (K Tons)
 Table 24. Global L(+)-Lactic Acid Sales Market Share in Volume by Type (2019-2024)
 Table 25. Global L(+)-Lactic Acid Sales Market Share in Volume by Type (2025-2030)
 Table 26. Global L(+)-Lactic Acid Price by Type (2019-2024) & (US$/Ton)
 Table 27. Global L(+)-Lactic Acid Price by Type (2025-2030) & (US$/Ton)
 Table 28. Global L(+)-Lactic Acid Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
 Table 29. Global L(+)-Lactic Acid Sales Value by Application (2019-2024) & (US$ Million)
 Table 30. Global L(+)-Lactic Acid Sales Value by Application (2025-2030) & (US$ Million)
 Table 31. Global L(+)-Lactic Acid Sales Market Share in Value by Application (2019-2024)
 Table 32. Global L(+)-Lactic Acid Sales Market Share in Value by Application (2025-2030)
 Table 33. Global L(+)-Lactic Acid Sales Volume by Application: 2019 VS 2023 VS 2030 (K Tons)
 Table 34. Global L(+)-Lactic Acid Sales Volume by Application (2019-2024) & (K Tons)
 Table 35. Global L(+)-Lactic Acid Sales Volume by Application (2025-2030) & (K Tons)
 Table 36. Global L(+)-Lactic Acid Sales Market Share in Volume by Application (2019-2024)
 Table 37. Global L(+)-Lactic Acid Sales Market Share in Volume by Application (2025-2030)
 Table 38. Global L(+)-Lactic Acid Price by Application (2019-2024) & (US$/Ton)
 Table 39. Global L(+)-Lactic Acid Price by Application (2025-2030) & (US$/Ton)
 Table 40. Global L(+)-Lactic Acid Sales Value by Region, (2019 VS 2023 VS 2030) & (US$ Million)
 Table 41. Global L(+)-Lactic Acid Sales Value by Region (2019-2024) & (US$ Million)
 Table 42. Global L(+)-Lactic Acid Sales Value by Region (2025-2030) & (US$ Million)
 Table 43. Global L(+)-Lactic Acid Sales Value by Region (2019-2024) & (%)
 Table 44. Global L(+)-Lactic Acid Sales Value by Region (2025-2030) & (%)
 Table 45. Global L(+)-Lactic Acid Sales Volume by Region (K Tons): 2019 VS 2023 VS 2030
 Table 46. Global L(+)-Lactic Acid Sales Volume by Region (2019-2024) & (K Tons)
 Table 47. Global L(+)-Lactic Acid Sales Volume by Region (2025-2030) & (K Tons)
 Table 48. Global L(+)-Lactic Acid Sales Volume by Region (2019-2024) & (%)
 Table 49. Global L(+)-Lactic Acid Sales Volume by Region (2025-2030) & (%)
 Table 50. Global L(+)-Lactic Acid Average Price by Region (2019-2024) & (US$/Ton)
 Table 51. Global L(+)-Lactic Acid Average Price by Region (2025-2030) & (US$/Ton)
 Table 52. Key Countries/Regions L(+)-Lactic Acid Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
 Table 53. Key Countries/Regions L(+)-Lactic Acid Sales Value, (2019-2024) & (US$ Million)
 Table 54. Key Countries/Regions L(+)-Lactic Acid Sales Value, (2025-2030) & (US$ Million)
 Table 55. Key Countries/Regions L(+)-Lactic Acid Sales Volume, (2019-2024) & (K Tons)
 Table 56. Key Countries/Regions L(+)-Lactic Acid Sales Volume, (2025-2030) & (K Tons)
 Table 57. Corbion Company Information
 Table 58. Corbion Introduction and Business Overview
 Table 59. Corbion L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 60. Corbion L(+)-Lactic Acid Product Offerings
 Table 61. Corbion Recent Development
 Table 62. NatureWorks Company Information
 Table 63. NatureWorks Introduction and Business Overview
 Table 64. NatureWorks L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 65. NatureWorks L(+)-Lactic Acid Product Offerings
 Table 66. NatureWorks Recent Development
 Table 67. Henan Jindan Lactic Acid Technology Company Information
 Table 68. Henan Jindan Lactic Acid Technology Introduction and Business Overview
 Table 69. Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 70. Henan Jindan Lactic Acid Technology L(+)-Lactic Acid Product Offerings
 Table 71. Henan Jindan Lactic Acid Technology Recent Development
 Table 72. BBCA Group Company Information
 Table 73. BBCA Group Introduction and Business Overview
 Table 74. BBCA Group L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 75. BBCA Group L(+)-Lactic Acid Product Offerings
 Table 76. BBCA Group Recent Development
 Table 77. Jungbunzlauer Company Information
 Table 78. Jungbunzlauer Introduction and Business Overview
 Table 79. Jungbunzlauer L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 80. Jungbunzlauer L(+)-Lactic Acid Product Offerings
 Table 81. Jungbunzlauer Recent Development
 Table 82. Galactic Company Information
 Table 83. Galactic Introduction and Business Overview
 Table 84. Galactic L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 85. Galactic L(+)-Lactic Acid Product Offerings
 Table 86. Galactic Recent Development
 Table 87. Henan Xinghan Biotechnology Company Information
 Table 88. Henan Xinghan Biotechnology Introduction and Business Overview
 Table 89. Henan Xinghan Biotechnology L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 90. Henan Xinghan Biotechnology L(+)-Lactic Acid Product Offerings
 Table 91. Henan Xinghan Biotechnology Recent Development
 Table 92. Beijing Capital Agribusiness & Foods Group Company Information
 Table 93. Beijing Capital Agribusiness & Foods Group Introduction and Business Overview
 Table 94. Beijing Capital Agribusiness & Foods Group L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 95. Beijing Capital Agribusiness & Foods Group L(+)-Lactic Acid Product Offerings
 Table 96. Beijing Capital Agribusiness & Foods Group Recent Development
 Table 97. Shandong Parkson Biotechnology Company Information
 Table 98. Shandong Parkson Biotechnology Introduction and Business Overview
 Table 99. Shandong Parkson Biotechnology L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 100. Shandong Parkson Biotechnology L(+)-Lactic Acid Product Offerings
 Table 101. Shandong Parkson Biotechnology Recent Development
 Table 102. Ningxia Qiyu Biochemical Company Information
 Table 103. Ningxia Qiyu Biochemical Introduction and Business Overview
 Table 104. Ningxia Qiyu Biochemical L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 105. Ningxia Qiyu Biochemical L(+)-Lactic Acid Product Offerings
 Table 106. Ningxia Qiyu Biochemical Recent Development
 Table 107. Musashino Chemical Company Information
 Table 108. Musashino Chemical Introduction and Business Overview
 Table 109. Musashino Chemical L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 110. Musashino Chemical L(+)-Lactic Acid Product Offerings
 Table 111. Musashino Chemical Recent Development
 Table 112. Wuhan Sanjiang Space Good Biotech Company Information
 Table 113. Wuhan Sanjiang Space Good Biotech Introduction and Business Overview
 Table 114. Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 115. Wuhan Sanjiang Space Good Biotech L(+)-Lactic Acid Product Offerings
 Table 116. Wuhan Sanjiang Space Good Biotech Recent Development
 Table 117. Shangdong Fullsail Company Information
 Table 118. Shangdong Fullsail Introduction and Business Overview
 Table 119. Shangdong Fullsail L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 120. Shangdong Fullsail L(+)-Lactic Acid Product Offerings
 Table 121. Shangdong Fullsail Recent Development
 Table 122. Pliith Biotechnology Company Information
 Table 123. Pliith Biotechnology Introduction and Business Overview
 Table 124. Pliith Biotechnology L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 125. Pliith Biotechnology L(+)-Lactic Acid Product Offerings
 Table 126. Pliith Biotechnology Recent Development
 Table 127. Shanxi Leda Biochemical Company Information
 Table 128. Shanxi Leda Biochemical Introduction and Business Overview
 Table 129. Shanxi Leda Biochemical L(+)-Lactic Acid Sales (K Tons), Revenue (US$ Million), Price (US$/Ton) and Gross Margin (2019-2024)
 Table 130. Shanxi Leda Biochemical L(+)-Lactic Acid Product Offerings
 Table 131. Shanxi Leda Biochemical Recent Development
 Table 132. Key Raw Materials Lists
 Table 133. Raw Materials Key Suppliers Lists
 Table 134. L(+)-Lactic Acid Downstream Customers
 Table 135. L(+)-Lactic Acid Distributors List
 Table 136. Research Programs/Design for This Report
 Table 137. Key Data Information from Secondary Sources
 Table 138. Key Data Information from Primary Sources


List of Figures
 Figure 1. L(+)-Lactic Acid Product Picture
 Figure 2. Global L(+)-Lactic Acid Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
 Figure 3. Global L(+)-Lactic Acid Sales Value (2019-2030) & (US$ Million)
 Figure 4. Global L(+)-Lactic Acid Sales Volume (2019-2030) & (K Tons)
 Figure 5. Global L(+)-Lactic Acid Sales Price (2019-2030) & (US$/Ton)
 Figure 6. L(+)-Lactic Acid Report Years Considered
 Figure 7. Global L(+)-Lactic Acid Players Revenue Ranking (2023) & (US$ Million)
 Figure 8. Global L(+)-Lactic Acid Players Sales Volume Ranking (2023) & (US$ Million)
 Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by L(+)-Lactic Acid Revenue in 2023
 Figure 10. L(+)-Lactic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
 Figure 11. High Purity Grade Lactic Acid Picture
 Figure 12. Food Grade Lactic Acid Picture
 Figure 13. Others Picture
 Figure 14. Global L(+)-Lactic Acid Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
 Figure 15. Global L(+)-Lactic Acid Sales Value Market Share by Type, 2023 & 2030
 Figure 16. Global L(+)-Lactic Acid Sales Volume by Type (2019 VS 2023 VS 2030) & (K Tons)
 Figure 17. Global L(+)-Lactic Acid Sales Volume Market Share by Type, 2023 & 2030
 Figure 18. Global L(+)-Lactic Acid Price by Type (2019-2030) & (US$/Ton)
 Figure 19. Product Picture of Food & Beverage
 Figure 20. Product Picture of Polylactic Acid
 Figure 21. Product Picture of Industrial
 Figure 22. Product Picture of Pharmaceutical
 Figure 23. Product Picture of Personal Care
 Figure 24. Product Picture of Others
 Figure 25. Global L(+)-Lactic Acid Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
 Figure 26. Global L(+)-Lactic Acid Sales Value Market Share by Application, 2023 & 2030
 Figure 27. Global L(+)-Lactic Acid Sales Volume by Application (2019 VS 2023 VS 2030) & (K Tons)
 Figure 28. Global L(+)-Lactic Acid Sales Volume Market Share by Application, 2023 & 2030
 Figure 29. Global L(+)-Lactic Acid Price by Application (2019-2030) & (US$/Ton)
 Figure 30. North America L(+)-Lactic Acid Sales Value (2019-2030) & (US$ Million)
 Figure 31. North America L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
 Figure 32. Europe L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 33. Europe L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
 Figure 34. Asia Pacific L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 35. Asia Pacific L(+)-Lactic Acid Sales Value by Region (%), 2023 VS 2030
 Figure 36. South America L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 37. South America L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
 Figure 38. Middle East & Africa L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 39. Middle East & Africa L(+)-Lactic Acid Sales Value by Country (%), 2023 VS 2030
 Figure 40. Key Countries/Regions L(+)-Lactic Acid Sales Value (%), (2019-2030)
 Figure 41. Key Countries/Regions L(+)-Lactic Acid Sales Volume (%), (2019-2030)
 Figure 42. United States L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 43. United States L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 44. United States L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 45. Europe L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 46. Europe L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 47. Europe L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 48. China L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 49. China L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 50. China L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 51. Japan L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 52. Japan L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 53. Japan L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 54. South Korea L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 55. South Korea L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 56. South Korea L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 57. Southeast Asia L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 58. Southeast Asia L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 59. Southeast Asia L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 60. India L(+)-Lactic Acid Sales Value, (2019-2030) & (US$ Million)
 Figure 61. India L(+)-Lactic Acid Sales Value by Type (%), 2023 VS 2030
 Figure 62. India L(+)-Lactic Acid Sales Value by Application (%), 2023 VS 2030
 Figure 63. L(+)-Lactic Acid Industrial Chain
 Figure 64. L(+)-Lactic Acid Manufacturing Cost Structure
 Figure 65. Channels of Distribution (Direct Sales, and Distribution)
 Figure 66. Bottom-up and Top-down Approaches for This Report
 Figure 67. Data Triangulation
 Figure 68. Key Executives Interviewed

Description

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. Lactic Acid is a transparent, colorless syrupy liquid produced from the fermentation of dextrose. It is odorless or has a slight characteristic odor, and has a mild acid taste. Lactic Acid is widely used as an acidulant in foods and beverages that require an edible non-volatile acid. L (+) lactic acid is commercially produced in fermentation processes using lactic acid bacteria or fungi such as Rhizopus oryzae in submerged culture. In 1856, L. Pasteur discovered that Lactobacillus bacteria produce L-lactic acid, and this became the basis for the first commercial manufacturing plant to produce the acid (1895).

The global market for L(+)-Lactic Acid was estimated to be worth US$ 1096 million in 2023 and is forecast to a readjusted size of US$ 2673 million by 2030 with a CAGR of 12.3% during the forecast period 2024-2030.

Global key players of L(+)-Lactic Acid include Corbion, NatureWorks, Henan Jindan Lactic Acid Technology, BBCA Group, Jungbunzlauer, etc. The top five players hold a share about 69%. Asia Pacific is the largest market, and has a share about 49%, followed by Europe and North America with share 25% and 21%, separately. In terms of product type, Food Grade Lactic Acid is the largest segment, occupied for a share of 56%. In terms of application, Food & Beverage is the largest field with a share about 50 percent.

This report aims to provide a comprehensive presentation of the global market for L(+)-Lactic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of L(+)-Lactic Acid by region & country, by Type, and by Application.

The L(+)-Lactic Acid market size, estimations, and forecasts are provided in terms of sales volume (K Tons) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding L(+)-Lactic Acid.

Market Segmentation