Japan Ethyl Lactate Market Size & Outlook, 2023-2030

The ethyl lactate market in Japan is expected to reach a projected revenue of US$ 1.9 million by 2030. A compound annual growth rate of 3.8% is expected of Japan ethyl lactate market from 2024 to 2030.
Revenue, 2023 (US$M)
$1.4
Forecast, 2030 (US$M)
$1.9
CAGR, 2024 - 2030
4.5%
Report Coverage
Japan

Japan ethyl lactate market highlights

  • The Japan ethyl lactate market generated a revenue of USD 1.4 million in 2023 and is expected to reach USD 1.9 million by 2030.
  • The Japan market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
  • In terms of segment, industrial grade was the largest revenue generating grade in 2023.
  • Medical Grade is the most lucrative grade segment registering the fastest growth during the forecast period.


Ethyl lactate market data book summary

Market revenue in 2023USD 1.4 million
Market revenue in 2030USD 1.9 million
Growth rate3.8% (CAGR from 2023 to 2030)
Largest segmentIndustrial grade
Fastest growing segmentMedical Grade
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFood Grade, Medical Grade, Industrial Grade


Other key industry trends

  • In terms of revenue, Japan accounted for 2.2% of the global ethyl lactate market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China ethyl lactate market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5.6 million by 2030.

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Ethyl Lactate Market Companies

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Japan ethyl lactate 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 ethyl lactate market will help companies and investors design strategic landscapes.


Industrial grade was the largest segment with a revenue share of 42.86% in 2023. Horizon Databook has segmented the Japan ethyl lactate market based on food grade, medical grade, industrial grade covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of ethyl lactate 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.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan ethyl lactate market , including forecasts for subscribers. This country databook contains high-level insights into Japan ethyl lactate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Japan ethyl lactate market size, by grade, 2018-2030 (US$M)

Japan Ethyl Lactate Market Outlook Share, 2023 & 2030 (US$M)

Japan ethyl lactate market size, by grade, 2018-2030 (US$M)

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