China Lactic Acid Market Size & Outlook, 2025-2033
Related Markets
China lactic acid market highlights
- The China lactic acid market generated a revenue of USD 486.1 million in 2024 and is expected to reach USD 941.0 million by 2033.
- The China market is expected to grow at a CAGR of 7.7% from 2025 to 2033.
- In terms of segment, sugarcane was the largest revenue generating raw material in 2024.
- Yeast Extract is the most lucrative raw material segment registering the fastest growth during the forecast period.
Lactic acid market data book summary
| Market revenue in 2024 | USD 486.1 million |
| Market revenue in 2033 | USD 941.0 million |
| Growth rate | 7.7% (CAGR from 2025 to 2033) |
| Largest segment | Sugarcane |
| Fastest growing segment | Yeast Extract |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Corn, Sugarcane, Yeast Extract, Other Crops, Cassava |
| Key market players worldwide | Basf SE, Virgin Galactic Holdings Inc Shs A, Corbion NV, Dow Inc, Teijin Ltd, Thyssenkrupp AG, Jungbunzlauer Suisse, Danimer Scientific Inc Ordinary Shares - Class A |
Other key industry trends
- In terms of revenue, China accounted for 14.1% of the global lactic acid market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China lactic acid market is projected to lead the regional market in terms of revenue in 2033.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 73.0 million by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
China 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 41.45% in 2024. Horizon Databook has segmented the China lactic acid market based on corn, sugarcane, yeast extract, other crops, cassava covering the revenue growth of each sub-segment from 2021 to 2033.
Growth of pharmaceutical, food & beverages, and cosmetics sectors along with rapid industrialization in China is expected to expand lactic acid market over the forecast period. In addition, low manufacturing cost coupled with favorable government initiatives to promote FDIs is expected to promote growth in aforementioned industries, which may augment lactic acid demand over the forecast period.
Industrial sector is expected to witness substantial growth in the country due to rising demand for biodegradable plastics on account of new capacity expansion by various players along with government legislation supporting eco-friendly products. Rising packaging industry owing to rising food & beverages sector in China is expected to stimulate demand.
In addition, ‘on-the-go’ lifestyle of consumers and growing disposable income is expected to have a positive impact on the food & beverage industry, which, in turn, is expected to propel packaging market growth and consequently augment lactic acid market growth over the forecast period.
Reasons to subscribe to China lactic acid market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China lactic acid market databook
-
Our clientele includes a mix of lactic acid market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China lactic acid market , including forecasts for subscribers. This country databook contains high-level insights into China lactic acid market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
China lactic acid market size, by raw material, 2021-2033 (US$M)
China Lactic Acid Market Outlook Share, 2024 & 2033 (US$M)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
