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. The United States is the world's largest consumer market. Its consumptions account for about 30% of the world.China became the world's second consumer market after 2011, and its accounting for about 25% of the world. Market Analysis and Insights: Global Lactic Acids Market The global Lactic Acids market is valued at US$ 971 million in 2019. The market size will reach US$ 1156.5 million by the end of 2026, growing at a CAGR of 2.5% during 2021-2026. Global Lactic Acids Scope and Market Size Lactic Acids market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Lactic Acids market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2016-2027. Segment by Type L-lactic Acid D-lactic Acid DL-lactic Acid Segment by Application Industrial Use Food and Beverage Pharmaceutical and Personal Care By Company Corbion-Purac Cargill Galactic Musashino ADM Henan Jindan Lactic Acid Technology B&G By Region North America U.S. Canada Europe Germany France U.K. Italy Russia Asia-Pacific China Japan South Korea India Australia Taiwan Indonesia Thailand Malaysia Philippines Vietnam Latin America Mexico Brazil Argentina Middle East & Africa Turkey Saudi Arabia
1 Study Coverage 1.1 Lactic Acids Product Introduction 1.2 Market by Type 1.2.1 Global Lactic Acids Market Size Growth Rate by Type 1.4.2 L-lactic Acid 1.4.3 D-lactic Acid 1.2.4 DL-lactic Acid 1.3 Market by Application 1.3.1 Global Lactic Acids Market Size Growth Rate by Application 1.3.2 Industrial Use 1.3.3 Food and Beverage
