Product Code: ETC083571 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The Bangladesh Lactic Acid Market is poised for steady growth rate improvements from 2025 to 2029. Commencing at 13.82% in 2025, growth builds up to 16.83% by 2029.
Bangladesh's Lactic Acid market is anticipated to experience a high growth rate of 14.67% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Lactic acid, a versatile organic compound, finds applications in food and beverage, pharmaceutical, and personal care industries in Bangladesh. From food preservatives and acidity regulators to biodegradable plastics and skincare formulations, lactic acid is used in various products and processes, driving growth in the market.
The Lactic Acid market in Bangladesh is experiencing growth driven by the expanding applications of lactic acid in food and beverage, pharmaceutical, and cosmetic industries. Lactic acid serves as a natural preservative, pH regulator, and flavor enhancer in food products, as well as a key ingredient in biodegradable plastics, personal care products, and industrial applications. With the increasing demand for sustainable and eco-friendly ingredients, the market for lactic acid is growing in Bangladesh.
Challenges in the Bangladesh lactic acid market encompass production efficiency, raw material sourcing, and market competition. Scaling up lactic acid production while ensuring cost-effective fermentation processes and sustainable feedstock supply poses hurdles. Additionally, penetrating diverse end-use sectors and competing with synthetic alternatives present ongoing challenges for lactic acid producers.
To support the biotechnology industry and promote sustainable manufacturing practices, the government of Bangladesh implements policies to regulate the production and use of lactic acid. These policies include environmental regulations for lactic acid production, incentives for bio-based product development, and public-private partnerships to promote research and innovation in lactic acid applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Lactic Acid Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Lactic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Lactic Acid Market - Industry Life Cycle |
3.4 Bangladesh Lactic Acid Market - Porter's Five Forces |
3.5 Bangladesh Lactic Acid Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Bangladesh Lactic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Bangladesh Lactic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Lactic Acid Market Trends |
6 Bangladesh Lactic Acid Market, By Types |
6.1 Bangladesh Lactic Acid Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Lactic Acid Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 Bangladesh Lactic Acid Market Revenues & Volume, By Corn, 2021-2031F |
6.1.4 Bangladesh Lactic Acid Market Revenues & Volume, By Sugarcane, 2021-2031F |
6.1.5 Bangladesh Lactic Acid Market Revenues & Volume, By Cassava, 2021-2031F |
6.1.6 Bangladesh Lactic Acid Market Revenues & Volume, By Other Crops, 2021-2031F |
6.2 Bangladesh Lactic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Lactic Acid Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 Bangladesh Lactic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.4 Bangladesh Lactic Acid Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 Bangladesh Lactic Acid Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.6 Bangladesh Lactic Acid Market Revenues & Volume, By Polylactic Acid, 2021-2031F |
6.2.7 Bangladesh Lactic Acid Market Revenues & Volume, By Others, 2021-2031F |
7 Bangladesh Lactic Acid Market Import-Export Trade Statistics |
7.1 Bangladesh Lactic Acid Market Export to Major Countries |
7.2 Bangladesh Lactic Acid Market Imports from Major Countries |
8 Bangladesh Lactic Acid Market Key Performance Indicators |
9 Bangladesh Lactic Acid Market - Opportunity Assessment |
9.1 Bangladesh Lactic Acid Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Bangladesh Lactic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Bangladesh Lactic Acid Market - Competitive Landscape |
10.1 Bangladesh Lactic Acid Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Lactic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |