Lactic Acid and Derivatives Market
Lactic Acid and Derivatives Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
Request Sample Report
Lactic Acid and Derivatives Market Size and Growth
The Lactic Acid and Derivatives market is experiencing significant growth, driven by increasing demand in food, pharmaceutical, and biodegradable plastics sectors. The global market size is projected to reach approximately $3.1 billion by 2027, reflecting a CAGR of around 10% from 2023. Market conditions are favorable due to sustainability trends.
Companies Covered
(Covid 19 Impact Covered)
◍ Corbion Purac
◍ Galactic
◍ ADM
◍ Cargill
◍ Yangtze Labre
◍ Musashino Chemical
◍ Aldon Corporation
◍ Tedia Company Inc
The lactic acid and derivatives market features key players like Corbion Purac, Galactic, and ADM, leveraging bioprocessing for sustainable products. These companies drive market growth through innovation, diverse applications in food, pharmaceuticals, and bioplastics.
Sales revenue figures include:
- Corbion: ~$900 million
- ADM: ~$85 billion
◍ Anhui COFCO Biochemical & GALACTIC
◍ Henan Jindan Lactic Acid Technology
◍ Chongqing Bofei Biochemical Products
- Cargill: ~$134 billion. Request Sample Report
Market Segmentation
By Application
Food Industry
Chemical Industry
Pharmaceutical Industry
Request Sample Report
By Product
Market Growth
Request Sample Report
$ X Billion USD
