세계의 젖산 시장 전망(-2030년) : 원료, 형태, 기원, 등급, 용도, 지역별 분석

According to Stratistics MRC, the Global Lactic Acid Market is accounted for $3.6 billion in 2024 and is expected to reach $6.4 billion by 2030 growing at a CAGR of 10.0% during the forecast period. Lactic acid (C3H6O3) is a naturally occurring organic acid found in various biological processes. It is produced through the fermentation of sugars by lactic acid bacteria, and is present in sour dairy products like yogurt and kefir. In the human body, it forms in muscles during intense exercise due to anaerobic respiration. Lactic acid has diverse applications across industries. In food and beverages, it's used as a preservative, flavoring agent, and acidity regulator. In the cosmetics industry, it's a popular ingredient in skincare products for its exfoliating and moisturizing properties. Additionally, lactic acid is employed in the pharmaceutical sector for drug formulations and controlled release In industrial applications, lactic acid is a precursor for biodegradable plastics like polylactic acid (PLA), which is used in packaging and disposable products. Its environmentally friendly nature and versatility make lactic acid a valuable component in both traditional and innovative applications.

According to a study published by NC State University in 2017 on "BioResources", approximately 90% of the commercially accessible lactic acid is manufactured by submerged fermentation of corn.

Market Dynamics:

Driver:

Increasing demand from personal care industry

Lactic acid is highly valued in skincare products for its exfoliating, moisturizing, and anti-aging properties. It helps in gentle exfoliation by breaking down dead skin cells, promoting smoother and more radiant skin. Additionally, it acts as a humectant, attracting moisture to the skin and improving hydration. As consumer awareness and preference for effective skincare solutions grow, the demand for lactic acid-based products rises. The trend towards natural and clean label cosmetics further drives this demand, as lactic acid is naturally derived and aligns with the desire for safer, environmentally friendly ingredients.

Restraint:

High production costs

The fermentation process used to produce lactic acid is resource-intensive, requiring significant expenditure on raw materials, energy, and technology. These results in higher prices for lactic acid, making it less competitive compared to cheaper, synthetic alternatives. These elevated costs can deter manufacturers from adopting lactic acid, especially in cost-sensitive industries. For instance, in the food and beverage sector, where margins are tight, the additional cost of using lactic acid as a preservative or flavor enhancer can be prohibitive. Similarly, in the production of biodegradable plastics like polylactic acid (PLA), high costs can limit the widespread adoption of eco-friendly materials.

Opportunity:

Innovations in fermentation technology

Advancements in fermentation technology enable the production of lactic acid with specific properties or functionalities. For instance, researchers are developing techniques to produce optically pure lactic acid isomers (L(+) or D(-)) which have distinct applications. This ability to tailor lactic acid properties opens doors for new applications and higher-value products. This reduces reliance on traditional crops, promotes sustainability, and potentially lowers production costs.

Threat:

Presence of alternative acids and preservatives

Several alternative acids and preservatives exist, such as citric acid, acetic acid (vinegar), benzoic acid, and sorbic acid. These alternatives may be cheaper to produce than lactic acid, especially for some applications. This can make lactic acid less price-competitive, particularly for manufacturers focused on cost-reduction. Additionally several alternative acids and preservatives exist, such as citric acid, acetic acid (vinegar), benzoic acid, and sorbic acid. These alternatives may be cheaper to produce than lactic acid, especially for some applications. This can make lactic acid less price-competitive, particularly for manufacturers focused on cost-reduction.

Covid-19 Impact

Supply chain disruptions and factory shutdowns led to reduced production and availability of metal powders. Key industries like automotive, aerospace and construction experienced slowdowns, reducing demand for metal components. Conversely, the surge in medical device production and the shift towards remote work boosted demand for electronics, partially offsetting the decline. Recovery has been gradual, with manufacturers adapting to new health protocols and digital transformation accelerating in some sectors, potentially driving long-term growth in metal powder applications despite the initial downturn.

The yeast extract segment is expected to be the largest during the forecast period

The yeast extract is expected to be the largest during the forecast period as it is one of most commonly used ingredients for formation of lactic acid. However high formation cost associated with this process gave rise to an alternative namely Corn Steep Liquor (CSL) derived from corn as a by-form from the corn steeping process. Demand for corn based lactic acid in food & beverages industry as a pH regulator, microbial activity enhancer and others is expected to market growth over the coming years.

The dry segment is expected to have the highest CAGR during the forecast period

The dry segment is expected to have the highest CAGR during the forecast period owing its usage in the formation of polylactic acid (PLA), a biodegradable polymer. PLA is widely used in packaging materials, textiles, and medical applications. Dry form is used in the formation of fermented foods such as sauerkraut, kimchi, and sour beers. It acts as a natural preservative and contributes to the unique flavors and textures of these forms. Dry form of lactic finds application in cosmetics and food & beverages industries.

Region with largest share:

North America is projected to hold the largest market share during the forecast period on account of presence of various personal care and cosmetic companies such as Maybelline New York, Procter & Gamble, Colgate-Palmolive Company, Avon, Unilever, and Johnson & Johnson Private Limited. Rising demand for PLA, owing to the U.S. government efforts toward reducing carbon footprint, high demand from packaging applications, and growth of pharmaceutical and personal care industries is expected to propel growth of market over the forecast period.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period owing to increased demand for lactic acid in meat and other foods applications, availability of low-cost raw materials, technological innovations, and strong backing from large manufacturing businesses in the region is the main drivers for the market. Usually, lactic acid is used in the meat-based industry to reduce bacterial-based pathogens, hence keeping the meat safe from contamination. The low cost of raw materials for manufacturers, such as molasses, sugarcane, starch, and other carbohydrates, has significantly benefited the sector as it immediately decreases the final product's cost.

Key players in the market

Some of the key players in Lactic Acid market include BASF SE, Cargill Incorporated, Cellulac, Corbion NV, Danimer Scientific, Dow, DuPont de Nemours Inc., Futerro, Galactic, Henan Jindan Lactic Acid Technology Co. Ltd, Jungbunzlauer Suisse AG , Mushashino Chemical, NatureWorks LLC, TEIJIN LIMITED, thyssenkrupp AG, Vaishnavi Bio Tech and VIGON INTERNATIONAL INC.

Key Developments:

In June 2024, CPGC and BASF sign Framework Agreement on actual ship application of Onboard Carbon Capture System. OASE blue is BASF's gas treatment technology designed for CO2 capture application in flue gas, with low energy consumption, low solvent losses, and an exceptionally flexible operating range.

In June 2024, BASF is expanding its Biopolymers portfolio by introducing biomass-balanced ecoflex(R) (PBAT). The biomass-balanced ecoflex(R) not only contributes to reducing the use of fossil resources, but it also offers a 60% lower Product Carbon Footprint (PCF) (2) than the standard ecoflex(R) F Blend C1200.

In May 2024, Cargill partners with Cempaka Foundation and USAID IUWASH Tangguh to launch the CITASAMA program (Climate Action and Sustainable Landscape) in Mount Arjuno, Indonesia. The 3-year partnership aims to implement a forest conservation program with a multi-stakeholders approach.

Raw Materials Covered:

• Sugarcane
• Cassava
• Corn
• Yeast Extract
• Other Raw Materials

Forms Covered:

• Dry
• Liquid

Sources Covered:

• Natural
• Synthetic

Grades Covered:

• Food Grade
• Industrial Grade
• Pharmaceutical Grade

Applications Covered:

• Meat, Poultry, and Fish
• Beverage
• Confectionery
• Bakery
• Fruits and Vegetable
• Dairy
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Lactic Acid Market, By Raw Material

• 5.1 Introduction
• 5.2 Sugarcane
• 5.3 Cassava
• 5.4 Corn
• 5.5 Yeast Extract
• 5.6 Other Raw Materials

6 Global Lactic Acid Market, By Form

• 6.1 Introduction
• 6.2 Dry
• 6.3 Liquid

7 Global Lactic Acid Market, By Source

• 7.1 Introduction
• 7.2 Natural
• 7.3 Synthetic

8 Global Lactic Acid Market, By Grade

• 8.1 Introduction
• 8.2 Food Grade
• 8.3 Industrial Grade
• 8.4 Pharmaceutical Grade

9 Global Lactic Acid Market, By Application

• 9.1 Introduction
• 9.2 Meat, Poultry, and Fish
• 9.3 Beverage
• 9.4 Confectionery
• 9.5 Bakery
• 9.6 Fruits and Vegetable
• 9.7 Dairy
• 9.8 Other Applications

10 Global Lactic Acid Market, By Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 US
  • 10.2.2 Canada
  • 10.2.3 Mexico
• 10.3 Europe
  • 10.3.1 Germany
  • 10.3.2 UK
  • 10.3.3 Italy
  • 10.3.4 France
  • 10.3.5 Spain
  • 10.3.6 Rest of Europe
• 10.4 Asia Pacific
  • 10.4.1 Japan
  • 10.4.2 China
  • 10.4.3 India
  • 10.4.4 Australia
  • 10.4.5 New Zealand
  • 10.4.6 South Korea
  • 10.4.7 Rest of Asia Pacific
• 10.5 South America
  • 10.5.1 Argentina
  • 10.5.2 Brazil
  • 10.5.3 Chile
  • 10.5.4 Rest of South America
• 10.6 Middle East & Africa
  • 10.6.1 Saudi Arabia
  • 10.6.2 UAE
  • 10.6.3 Qatar
  • 10.6.4 South Africa
  • 10.6.5 Rest of Middle East & Africa

11 Key Developments

• 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 11.2 Acquisitions & Mergers
• 11.3 New Product Launch
• 11.4 Expansions
• 11.5 Other Key Strategies

12 Company Profiling

• 12.1 BASF SE
• 12.2 Cargill Incorporated
• 12.3 Cellulac
• 12.4 Corbion NV
• 12.5 Danimer Scientific
• 12.6 Dow
• 12.7 DuPont de Nemours Inc.
• 12.8 Futerro
• 12.9 Galactic
• 12.10 Henan Jindan Lactic Acid Technology Co. Ltd
• 12.11 Jungbunzlauer Suisse AG
• 12.12 Mushashino Chemical
• 12.13 NatureWorks LLC
• 12.14 TEIJIN LIMITED
• 12.15 thyssenkrupp AG
• 12.16 Vaishnavi Bio Tech
• 12.17 VIGON INTERNATIONAL INC.