Product Code: ETC083573 | 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 |
Myanmar Lactic Acid market currently, in 2023, has witnessed an HHI of 4387, Which has decreased moderately as compared to the HHI of 7271 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Myanmar lactic acid market is growing, driven by its applications in food and beverages, pharmaceuticals, and cosmetics. Lactic acid is used as a preservative, flavor enhancer, and pH regulator. The demand for natural and organic products is boosting the market, along with the growth of the food processing and cosmetic industries.
The increasing application of lactic acid in various industries, including food and beverage, pharmaceuticals, and personal care, drives the growth of the lactic acid market in Myanmar. Lactic acid serves as a versatile ingredient in food preservation, flavor enhancement, and pH regulation, making it a preferred choice for food manufacturers and processors. Moreover, the rising demand for natural and organic ingredients in consumer products fuels the adoption of lactic acid as a green alternative to synthetic additives and preservatives. Additionally, the expanding pharmaceutical sector and the development of biodegradable polymers further stimulate market growth in Myanmar.
The lactic acid market in Myanmar faces challenges such as limited applications beyond the food and beverage industry, concerns over product purity and quality standards, and competition from synthetic lactic acid substitutes. Moreover, logistical challenges in transportation and storage of lactic acid impact market dynamics.
Government policies aim to support the growth of the lactic acid market in Myanmar, particularly in promoting sustainable and biodegradable alternatives to conventional chemicals. These policies include incentives for lactic acid production from renewable sources, regulations to ensure product quality and environmental sustainability, and measures 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 Myanmar Lactic Acid Market Overview |
3.1 Myanmar Country Macro Economic Indicators |
3.2 Myanmar Lactic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Myanmar Lactic Acid Market - Industry Life Cycle |
3.4 Myanmar Lactic Acid Market - Porter's Five Forces |
3.5 Myanmar Lactic Acid Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 Myanmar Lactic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Myanmar Lactic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Myanmar Lactic Acid Market Trends |
6 Myanmar Lactic Acid Market, By Types |
6.1 Myanmar Lactic Acid Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Myanmar Lactic Acid Market Revenues & Volume, By Raw Material, 2018 - 2031F |
6.1.3 Myanmar Lactic Acid Market Revenues & Volume, By Corn, 2018 - 2031F |
6.1.4 Myanmar Lactic Acid Market Revenues & Volume, By Sugarcane, 2018 - 2031F |
6.1.5 Myanmar Lactic Acid Market Revenues & Volume, By Cassava, 2018 - 2031F |
6.1.6 Myanmar Lactic Acid Market Revenues & Volume, By Other Crops, 2018 - 2031F |
6.2 Myanmar Lactic Acid Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Myanmar Lactic Acid Market Revenues & Volume, By Industrial, 2018 - 2031F |
6.2.3 Myanmar Lactic Acid Market Revenues & Volume, By Food & Beverages, 2018 - 2031F |
6.2.4 Myanmar Lactic Acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2031F |
6.2.5 Myanmar Lactic Acid Market Revenues & Volume, By Personal Care, 2018 - 2031F |
6.2.6 Myanmar Lactic Acid Market Revenues & Volume, By Polylactic Acid, 2018 - 2031F |
6.2.7 Myanmar Lactic Acid Market Revenues & Volume, By Others, 2018 - 2031F |
7 Myanmar Lactic Acid Market Import-Export Trade Statistics |
7.1 Myanmar Lactic Acid Market Export to Major Countries |
7.2 Myanmar Lactic Acid Market Imports from Major Countries |
8 Myanmar Lactic Acid Market Key Performance Indicators |
9 Myanmar Lactic Acid Market - Opportunity Assessment |
9.1 Myanmar Lactic Acid Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 Myanmar Lactic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Myanmar Lactic Acid Market - Competitive Landscape |
10.1 Myanmar Lactic Acid Market Revenue Share, By Companies, 2024 |
10.2 Myanmar Lactic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |