Lactic Acid Market Forecast: USD 5,728 Million Valuation by 2030

As per MarkNtel Advisors the Global Lactic Acid Market size was valued at around USD 2,982 million in 2024 and is expected to reach USD 5,728 million in 2030. Along with this, the market is estimated to grow at a CAGR of around 11.49% during the forecast period, i.e., 2025-30.

Lactic Acid Production Using Next-Generation Fermentation – The market is gaining traction due to the rapidly increasing advances in technologies. It includes the next-generation production of lactic acid by using improved microbial strains, relevant enzymes generated by genetic engineering, and low-cost feedstock such as agricultural wastes. Several manufacturing companies are actively using advanced processes to produce cost-effective lactic acid and its derivatives. For instance, a company called Corbion is involved in the production of PURAC lactic acid by using their exclusive microbial strains to increase efficiency and yields. Additionally, the NatureWorks company is manufacturing lactic acid through genetic engineering by using agricultural wastes as a feedstock and expanding its production capacity by constructing a new PLA manufacturing plant using the next-generation fermentation process in Thailand by the end of 2025.

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-By Raw Material

• Corn- Market Size & Forecast 2020-2030, Thousand Tons
• Sugarcane- Market Size & Forecast 2020-2030, Thousand Tons
• Cassava- Market Size & Forecast 2020-2030, Thousand Tons
• Yeast Extract- Market Size & Forecast 2020-2030, Thousand Tons
• Other Crops- Market Size & Forecast 2020-2030, Thousand Tons

-By Application

• Industrial- Market Size & Forecast 2020-2030, Thousand Tons
• Food & Beverages- Market Size & Forecast 2020-2030, Thousand Tons
• Pharmaceuticals- Market Size & Forecast 2020-2030, Thousand Tons
• Personal Care- Market Size & Forecast 2020-2030, Thousand Tons
• Polylactic Acid (PLA) - Market Size & Forecast 2020-2030, Thousand Tons
• Others- Market Size & Forecast 2020-2030, Thousand Tons

-By Form

• Liquid- Market Size & Forecast 2020-2030, Thousand Tons
• Solid- Market Size & Forecast 2020-2030, Thousand Tons

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America holds the largest market share of more than 39%. North America is one of the largest global producers of agricultural feedstock, including corn and sugarcane.

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• 2025: Nature Works LLC has invested about USD600 million in completing a new, fully integrated Ingeo™ Polylactic Acid PLA biopolymer manufacturing facility in Nakhon Sawan Province, Thailand, with full production anticipated in 2025.
• 2024: Futerro signed a distribution agreement with K.D. Feddersen for the sale of its RENEW® PLA product family in Germany, Austria, Switzerland, the UK, and several Central and Eastern European countries. This move is designed to accelerate Futerro’s product sales and market presence in Europe, offering sustainable alternatives to fossil-based plastics.

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• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

• BASF SE
• Corbion N.V.
• Galactic
• NatureWorks LLC
• CELLULAC
• Futerro
• DOW Chemical
• Sulzer Ltd.
• GODAVARI BIOREFINERIES LTD.
• Cargill, Incorporated
• Kemin Industries, Inc.
• Henan Jindan Lactic Acid Technology Co., Ltd.
• Vaishnavi Bio Tech
• Musashino Chemical
• Jungbunzlauer Suisse AG
• Others

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A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

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