Netherlands Lactic Acid Market Size & Outlook, 2023-2030
Netherlands lactic acid market, 2018-2030 (US$M)
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Netherlands lactic acid market highlights
- The Netherlands lactic acid market generated a revenue of USD 32.3 million in 2023 and is expected to reach USD 54.9 million by 2030.
- The Netherlands market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, sugarcane was the largest revenue generating raw material in 2023.
- Cassava is the most lucrative raw material segment registering the fastest growth during the forecast period.
Lactic acid market data book summary
| Market revenue in 2023 | USD 32.3 million |
| Market revenue in 2030 | USD 54.9 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Sugarcane |
| Fastest growing segment | Cassava |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Corn, Sugarcane, Cassava, Other Crops |
| 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, Netherlands accounted for 1.0% of the global lactic acid market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK lactic acid market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 122.2 million by 2030.
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Lactic Acid Market Scope
Lactic Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
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Netherlands 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 37.15% in 2023. Horizon Databook has segmented the Netherlands lactic acid market based on corn, sugarcane, cassava, other crops covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for lactic acid in the Netherlands was driven by the increasing demand for natural and sustainable products in various industries. In the food and beverage industry, lactic acid is used as a preservative and flavoring agent, as well as in the production of dairy products, baked goods, and beverages.
In the pharmaceutical and cosmetic industries, lactic acid is used as an ingredient in skincare and personal care products. The Netherlands also had a strong focus on sustainability and circular economy, which further drove the demand for lactic acid and other biobased products. The country had several initiatives and programs aimed at promoting the use of biobased materials and reducing carbon emissions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands lactic acid market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands lactic acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Netherlands lactic acid market size, by raw material, 2018-2030 (US$M)
Netherlands Lactic Acid Market Outlook Share, 2023 & 2030 (US$M)
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