Global Lactic Acid Market Size & Outlook, 2025-2033
Global lactic acid market, 2021-2033 (US$M)
Related Markets
Global lactic acid market highlights
- The global lactic acid market generated a revenue of USD 3,454.7 million in 2024 and is expected to reach USD 6,653.7 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 7.7% by 2033.
- In terms of segment, sugarcane accounted for a revenue of USD 1,421.1 million in 2024.
- Yeast Extract is the most lucrative raw material segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, Netherlands is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 3,454.7 million |
| Market revenue in 2033 | USD 6,653.7 million |
| Growth rate | 7.7% (CAGR from 2025 to 2033) |
| Largest segment | Sugarcane |
| Fastest growing segment | Yeast Extract |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Corn, Sugarcane, Yeast Extract, Other Crops, Cassava |
Other key industry trends
- In terms of revenue, the North America accounted for 45.4% of the global lactic acid market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2033.
- By country, Netherlands is the fastest growing regional market and is projected to reach USD 43.5 million by 2033.
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Lactic Acid Market Scope
Lactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Danimer Scientific Inc Ordinary Shares - Class A | View profile | 257 | 140 Industrial Boulevard, Bainbridge, GA, United States, 39817 | https://www.danimerscientific.com |
| Virgin Galactic Holdings Inc Shs A | View profile | 805 | 1700 Flight Way, Tustin, CA, United States, 92782 | https://www.virgingalactic.com |
| Jungbunzlauer Suisse | View profile | 1001-5000 | Basel, Basel-Stadt, Switzerland, Europe | http://www.jungbunzlauer.com/ |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Corbion NV | View profile | 2727 | Piet Heinkade 127, Amsterdam, NH, Netherlands, 1019 GM | https://www.corbion.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global lactic acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lactic acid market will help companies and investors design strategic landscapes.
Sugarcane was the largest segment with a revenue share of 41.14% in 2024. Horizon Databook has segmented the Global lactic acid market based on corn, sugarcane, yeast extract, other crops, cassava covering the revenue growth of each sub-segment from 2021 to 2033.
- Global Lactic Acid Raw Material Outlook (Revenue, USD Million, 2021-2033)
- Corn
- Sugarcane
- Yeast Extract
- Other Crops
- Cassava
- Global Lactic Acid Application Outlook (Revenue, USD Million, 2021-2033)
- Industrial
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Polylactic Acid
- Others
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Our clientele includes a mix of lactic acid market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global lactic acid market , including forecasts for subscribers. This global databook contains high-level insights into Global lactic acid market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global lactic acid market size, by regions, 2021-2033 (US$M)
Top 10 countries: Lactic acid market size, 2024 (US$M)
Global lactic acid market share, by raw material, 2024 & 2033 (%, US$M)
Lactic acid market: Opportunity assessment by country
Global lactic acid market, by region, 2024 (US$M)
Related statistics
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