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 ...
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
2.4.2 Home & personal care
2.4.3 Industrial Applica ...