Lactic Acid Market Size is Expected To Reach USD 5,728 Million By 2030

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The Global Lactic Acid Market size was valued at around USD2,982 million in 2024 and is expected to reach USD5,728 million in 2030. Along with this, the market is estimated to grow at a CAGR of around 11.49% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The lactic acid global market is significantly growing due to multiple factors, such as the rapid adoption of renewable energy resources, concerns regarding environmental health, encouragement by different governments, the latest technological innovations, improved production methods, and the rising demand for nutraceuticals. Almost every country has set targets to achieve sustainable development by promoting the acceptance of renewable, organic, and natural sources and products. These are creating a huge opportunity for the lactic acid market to significantly grow globally.

Additionally, the strict regulations for the adoption of bioplastics instead of conventional petrochemical-based plastics implemented by the governments of different countries are contributing to the potential market growth, as lactic acid is a natural source for producing bioplastics such as polylactic acid (PLA). Also, the demand is coming from the shift towards natural products like probiotics and nutraceuticals, which has increased in recent years due to gut health awareness, thus leading to market growth.

Furthermore, the continuous research and development in chemical manufacturing methods are improving lactic acid production all around the world. These processes involve the next-generation fermentation and improved microbial strains engineered genetically using biotechnological technologies such as recombinant DNA technology. However, the market is facing a high upfront cost challenge as the manufacturing involves complex steps using expensive microbial strains and robust energy resources, followed by expensive enzymes. In addition, the highly volatile prices of feedstock and crops are also hindering the market’s growth, further states the research report, “Global Lactic Acid Market Analysis, 2025.”

Global Lactic Acid Market Segmentation Analysis

Sugarcane Segment Holds the Largest Market Share

Based on the raw material, the market is further bifurcated into Corn, Sugarcane, Cassava, Yeast Extract, and Other Crops. Sugarcane is the dominant segment of the Global Lactic Acid Market and holds a market share of more than 35%. Globally, sugarcane is widely cultivated in different parts of the world, with major production in India. The favorable climatic conditions in different countries provide optimum feedstock for lactic acid production, which further contributes to its dominance in this market.

Additionally, the byproducts of sugarcane, including bagasse and molasses, are the potential sources for lactic acid formation, as these are the waste materials in many processes; however, considered a cost-effective alternative to produce biochemicals, such as lactic acid. As a result, several companies such as Corbion and Futerro are fully dependent on sugarcane as a raw material for lactic acid manufacturing.

North America Bossing Global Lactic Acid Industry

North America is the leading region in this market, accounting for more than 39% of the market share. The region is considered one of the largest producers of sugar-based crops such as sugarcane, sugar beet, and corn. In North America, the United States is the major cultivator of such crops, followed by Mexico and Canada. Additionally, corn is mainly grown in the US, thus increasing the availability of the appropriate feedstock for commercial production of lactic acid in the region.

Additionally, the national governments of different countries in North America are significantly investing in the research and development of industrial products and sustainable energy resources, such as lactic acid and its derived products, to achieve sustainable goals and carbon emission reduction. Also, the region offers a high count of skilled manpower to manufacture labor-intensive products, as these products are manufactured by using complex fermentation steps and downstream processing. All these factors are contributing to the growth & expansion of the regional lactic acid market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including BASF SE, Corbion N.V., Galactic, NatureWorks LLC, CELLULAC, Futerro, DOW Chemical, Sulzer Ltd., GODAVARI BIOREFINERIES LTD., Cargill, Incorporated, Kemin Industries, Inc., Henan Jindan Lactic Acid Technology Co. Ltd., Vaishnavi Bio-Tech, Musashino Chemical, Jungbunzlauer Suisse AG, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?