Lactic Acid Market, By Raw Material (Corn, Sugarcane, Cassava, Other Crops), By End Use (Food & Beverages, Industrial, Pharmaceutical, Personal Care, Polylactic Acid, Others) , and By Geography (North America, Europe, Asia Pacific, Rest of World)-
Lactic Acid Market is estimated to be valued at USD 3,957.3 Mn in 2025 and is expected to reach USD 6,870.5 Mn by 2032, growing at a compound annual growth rate (CAGR) of 8.2% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 3,957.3 Mn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
8.20%
2032 Value Projection:
USD 6,870.5 Mn
Lactic acid is the mildest of all AHAs and works very well on the skin. It is also a natural antibacterial, which makes it great for acne and blemish-prone skin. It also encourages cell turnover and helps fade hyperpigmentation spots like sunspots, making it a true hero ingredient. As an Alpha-Hydroxy Acid, this multitasking ingredient brightens, exfoliates, and helps the skin absorb more vitamin C, helping to firm and tighten the appearance of pores. It also helps to fade sun spots and age spots, reduces acne lesions, and smoothes fine lines and wrinkles.
Market Dynamics:
The global lactic acid market is expected to witness significant growth over the forecast period due to increased use in food & beverage, and cosmetic industries. Moreover, growing personal care and pharmaceutical industries is also expected to fuel market growth. Furthermore, increasing usage in manufacturing different types of bio plastics for the packaging industry is further expected to drive growth of the market over the forecast period.
However, high production costs is a key factor limiting the market growth.
Key features of the study:
This report provides in-depth analysis of the global lactic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global lactic acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Futerro, BASF SE, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd., Musashino Chemical (China) Co., Ltd., Corbion, thyssenkrupp AG, Dow, Cellulac, and Jungbunzlauer Suisse AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global lactic acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lactic acid market
Detailed Segmentation:
Global Lactic Acid Market, By Raw Material
Corn
Sugarcane
Cassava
Other Crops
Global Lactic Acid Market, By End Use
Food & Beverages
Industrial
Pharmaceutical
Personal Care
Polylactic Acid
Others
Global Lactic Acid Market, By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles
Futerro
BASF SE
Galactic
Henan Jindan Lactic Acid Technology Co. Ltd.
Musashino Chemical (China) Co., Ltd.
Corbion
thyssenkrupp AG
Dow
Cellulac
Jungbunzlauer Suisse AG
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Raw Material
Market Snapshot, By End Use
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Rise in personal care sector
Volatile price of raw materials
Expanding food and beverage application
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Global Lactic Acid Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Lactic Acid Market, By Raw Material, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Corn
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Sugarcane
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Cassava
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
Other Crops
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Mn)
6. Global Lactic Acid Market, By End Use, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Food & Beverages
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Industrial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Pharmaceutical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Personal Care
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Polylactic Acid
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
7. Global Lactic Acid Market, By Region, 2020-2032, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2020-2032,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2020-2032,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2020-2032,(US$ Mn)
Central & South America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2020-2032,(US$ Mn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Raw Material, 2020-2032,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End Use, 2020-2032,(US$ Mn)