Product Code: ETC083563 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India lactic acid market import shipment demonstrated a steady growth trend with a CAGR of 4.9% from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024, with a negative growth rate of -4.8%. Overall, the market expanded but showed signs of stabilizing towards the end of the period.
The lactic acid market in India is expected to grow at a CAGR of more than 13% during the forecast period. The increasing demand for food and beverages, growth in health conscious consumers, rise in the availability of biodegradable plastic products are some major factors driving the lactic acid market growth. Growing awareness about eco-friendly packaging solutions among people is further contributing towards market expansion. Additionally, increased use of lactic acid as a preservative by various pharmaceuticals coupled with rising usage of lactic acid derivatives due to their wide range applications have created numerous opportunities for the India Lactic Acid Market Players.
1) Growing Health Consciousness: Consumers are becoming increasingly aware of health benefits associated with organic products; therefore they are inclining towards foods and beverages that contain natural ingredients like lactates or their derivatives which result in healthier options for them. The preference towards use of organic acids like L-Lactate over synthetic preservatives is increasing among consumers resulting into increased demand for these acids from various industries especially F&B sectors which is expected to drive the India LACTIC ACID market over next six years.. 2) Rising Demand from Pharmaceuticals Sector: Increase in number of regulatory approvals from countries across globe has resulted into increased usage of L-lactate based excipients & drugs as they provide better stability & shelf life on long run compared to other alternatives available outside pharma segment. This factor coupled with increase usage in manufacture treatment solutions used during medical procedures post surgery gives huge opportunity ahead over few coming year.
1) Stringent Regulations Regarding Use Of Acid: Governmental regulations regarding use & handling process involved while manufacturing , transporting & storing product at end user level have been preventing companies from entering India markets due to high costs incurred by them even after setting up necessary infrastructure complying all standards set forth by authorities , This hinders further growth opportunities present within India. 2) Availability Of Alternatives In Market : With continuous advancement made previously mentioned alternative present out there have forced manufactures operating within region compete against each other thus impacting price war hence leading lower profit margins earned by small players who enter this business without any prior experience or back ground knowledge regarding same.
Some major players operating within India LACTIC ACID Market include ??? BASF SE (Germany), Emsland Group (Germany), Corbion NV (Netherlands), Jungbunzlauer Suisse AG(Switzerland ), DSM
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 India Lactic Acid Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Lactic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 India Lactic Acid Market - Industry Life Cycle |
3.4 India Lactic Acid Market - Porter's Five Forces |
3.5 India Lactic Acid Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Lactic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Lactic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly products and sustainable practices in various industries |
4.2.2 Growing awareness about the benefits of lactic acid in food and beverage, pharmaceutical, and personal care industries |
4.2.3 Government initiatives promoting the use of bio-based chemicals and supporting the growth of the lactic acid market |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as sugarcane and corn, impacting the production cost of lactic acid |
4.3.2 Lack of widespread availability of advanced technology for lactic acid production in India |
4.3.3 Competition from other organic acids like citric acid and acetic acid in various applications |
5 India Lactic Acid Market Trends |
6 India Lactic Acid Market, By Types |
6.1 India Lactic Acid Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Lactic Acid Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India Lactic Acid Market Revenues & Volume, By Corn, 2021-2031F |
6.1.4 India Lactic Acid Market Revenues & Volume, By Sugarcane, 2021-2031F |
6.1.5 India Lactic Acid Market Revenues & Volume, By Cassava, 2021-2031F |
6.1.6 India Lactic Acid Market Revenues & Volume, By Other Crops, 2021-2031F |
6.2 India Lactic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Lactic Acid Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.3 India Lactic Acid Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.4 India Lactic Acid Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.5 India Lactic Acid Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.6 India Lactic Acid Market Revenues & Volume, By Polylactic Acid, 2021-2031F |
6.2.7 India Lactic Acid Market Revenues & Volume, By Others, 2021-2031F |
7 India Lactic Acid Market Import-Export Trade Statistics |
7.1 India Lactic Acid Market Export to Major Countries |
7.2 India Lactic Acid Market Imports from Major Countries |
8 India Lactic Acid Market Key Performance Indicators |
8.1 Adoption rate of lactic acid in new applications and industries |
8.2 Investment in research and development for lactic acid-based products and technologies |
8.3 Growth in the number of lactic acid production facilities in India |
8.4 Environmental impact assessment and sustainability practices in lactic acid production |
9 India Lactic Acid Market - Opportunity Assessment |
9.1 India Lactic Acid Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Lactic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Lactic Acid Market - Competitive Landscape |
10.1 India Lactic Acid Market Revenue Share, By Companies, 2024 |
10.2 India Lactic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |