Growth of L(+)-Lactic Acid Market, Revenue, Manufacturers Income, Sales, Market Trend Report Archives in 2024

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
 
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).
 
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https://www.qyresearch.com/reports/3148112/l----lactic-acid
 According to the new market research report "L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global L(+)-Lactic Acid market size is projected to reach USD 2.67 billion by 2030, at a CAGR of 11.2% during the forecast period.

According to QYResearch Top Players Research Center, the global key manufacturers of L(+)-Lactic Acid include 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, etc. In 2023, the global top five players had a share approximately 68.0% in terms of revenue.

Market Drivers:

In the past five years and in the foreseeable future, the lactic acid industry has shown a significant cyclical boom, and the expansion of lactic acid production capacity has been driven by the rapidly expanding demand for PLA. The lactic acid expansion cycle will last 5-10 years. It is expected that millions of tons of new lactic acid production capacity will be put into production in the world and China in the future, with hundreds of thousands of new lactic acid production capacities being added every year. After a large-scale capacity expansion cycle, lactic acid capacity expansion is expected to slow down due to overcapacity.

Restraint:

The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter's growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.

Opportunity:

The development of the lactic acid and derivatives industry has a history of decades. Many industries such as food and beverage, derivatives, and pharmaceuticals have matured in applications, and explosive growth in demand in a short period of time is unlikely. In the short term, the demand for lactic acid is mainly driven by the expansion of PLA production capacity. Driven by the plastic restriction orders of governments around the world, the demand for biodegradable plastic products represented by polylactic acid has gradually exploded. Lactic acid is the basic raw material of polylactic acid, and the surging market demand has greatly stimulated the demand for the future lactic acid market.
 
 
 
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
 
The L(+)-Lactic Acid market is segmented as below:
By Company
    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
 
Segment by Type
    High Purity Grade Lactic Acid
    Food Grade Lactic Acid
    Others
 
Segment by Application
    Food & Beverage
    Polylactic Acid
    Industrial
    Pharmaceutical
    Personal Care
    Others
 
Each chapter of the report provides detailed information for readers to further understand the L(+)-Lactic Acid market:
Chapter 1: Introduces the report scope of the L(+)-Lactic Acid report, global total market size (valve, 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. (2019-2030)
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. (2019-2024)
Chapter 3: Provides the analysis of various L(+)-Lactic Acid 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. (2019-2030)
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.(2019-2030)
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..(2019-2030)
Chapter 6:  Sales, revenue of L(+)-Lactic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
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. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
 
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth L(+)-Lactic Acid competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides L(+)-Lactic Acid comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides L(+)-Lactic Acid market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
 
Other relevant reports of QYResearch:
L(+)-Lactic Acid- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global L(+)-Lactic Acid Market Research Report 2024
Global L(+)-Lactic Acid Industry Research Report, Growth Trends and Competitive Analysis 2024-2030
Global L(+)-Lactic Acid Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030
Global L(+)-Lactic Acid Market Insights, Forecast to 2030
L(+)-Lactic Acid - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Natural L-Lactic Acid Market Insights, Forecast to 2030
Global Natural L-Lactic Acid Market Research Report 2024
Global and United States Poly-L-Lactic Acid Filler Market Report & Forecast 2024-2030
Global Poly-L-Lactic Acid Filler Market Research Report 2024
Global Poly-L-Lactic Acid Filler Market Insights, Forecast to 2030
Poly-L-Lactic Acid Filler- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Food Grade L(+)-Lactic Acid Market Insights, Forecast to 2030
Global Food Grade L(+)-Lactic Acid Market Research Report 2024
Food Grade L(+)-Lactic Acid - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Poly-L-lactic Acid (PLLA) Filler Market Insights, Forecast to 2030
Global Poly-L-lactic Acid (PLLA) Filler Market Research Report 2024
Poly-L-lactic Acid (PLLA) Filler - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global Surgical-Grade Poly(L-lactic acid) Market Research Report 2024
Global and United States Surgical-Grade Poly(L-lactic acid) Market Report & Forecast 2024-2030
 
 

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