Top Lactic Acid Companies

Global Lactic Acid Market size was valued at USD 7.88 Billion in 2024 and is poised to grow from USD 8.51 Billion in 2025 to USD 15.75 Billion by 2033, growing at a CAGR of 8% during the forecast period (2026–2033). 

Numerous players are vying for a significant market share in the highly competitive lactic acid market. These players are investing heavily in research and development to enhance their production processes and develop new products to meet changing customer requirements. Consolidation is becoming more frequent in the market, with major players acquiring smaller companies and expanding their product portfolios. Partnerships and collaborations are also gaining popularity, enabling firms to leverage each other's knowledge and capabilities to promote innovation and growth. Companies are striving to gain a competitive advantage by focusing on product innovation, optimizing their supply chains, and enhancing their marketing strategies. Additionally, they are implementing sustainable practices in their production processes to align with the growing demand for eco-friendly products. 'Corbion (Netherlands) ', 'Henan Jindan Lactic Acid Technology Co., Ltd. (China) ', 'Cargill, Incorporated (United States) ', 'DuPont de Nemours Inc. (United States) ', 'Vigon International Inc. (United States) ', 'Futerro SA (Belgium) ', 'Cellulac (United Kingdom) ', 'Galactic (Belgium) ', 'Musashino Chemical Laboratory, Ltd. (Japan) ', 'Danimer Scientific (United States) ', 'Jungbunzlauer Suisse AG (Switzerland) ', 'Foodchem International Corporation (China) ', 'Godavari Biorefineries Ltd. (India) ', 'Sulzer Ltd. (Switzerland) ', 'Spectrum Chemical Mfg. Corp. (United States) ', 'ProAgro GmbH (Austria) ', 'Vaishnavi Biotech (India) ', 'BASF SE (Germany) ', 'Dow (United States) ', 'Unitika Ltd. (Japan)'

The increasing awareness of plastic waste and pollution globally has sparked a surge in demand for sustainable alternatives to traditional petroleum-based plastics. This demand has driven the growth of the biodegradable plastics market, where lactic acid has emerged as a viable substitute. As a biodegradable material, lactic acid addresses the concerns surrounding plastic waste and pollution. It degrades naturally, without leaving harmful residues in the environment. This makes it an eco-friendly alternative to petroleum-based plastics, which are non-biodegradable and can persist in the environment for hundreds of years.

The lactic acid industry is experiencing a trend toward the development of more efficient and environmentally-friendly production processes. This is driven by the need to reduce production costs and increase production capacity while also reducing the environmental impact of the manufacturing process. These new processes incorporate advances in technology, such as the use of renewable energy sources, improved waste management practices, and more efficient production equipment. By adopting these new production processes, manufacturers are able to streamline their operations and reduce the amount of waste generated during the manufacturing process.

The Asia-Pacific region dominates the global lactic acid market share as it is the largest producer and consumer of lactic acid. This can be attributed to several factors such as the increasing population, higher disposable incomes, and the growing demand for biodegradable plastics, cosmetics, and personal care products. The major countries contributing to the lactic acid market growth in the Asia-Pacific region include China, India, Japan, and South Korea.