Philippines Lactic Acid Market (2025-2031) Outlook | Industry, Size, Value, Growth, Revenue, Trends, Forecast, Analysis, Share & Companies

Market Forecast By Raw Material (Corn, Sugarcane, Cassava, Other Crops), By Applications (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Polylactic Acid, Others) And Competitive Landscape
Product Code: ETC083568 Publication Date: Jun 2021 Updated Date: Apr 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Philippines Lactic Acid Market Size Growth Rate


The Philippines Lactic Acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 5.52% in 2025, the market peaks at 9.58% in 2028, and settles at 9.25% by 2029.

Philippines Lactic Acid Market Growth Rate

Philippines Lactic Acid Market Size Growth Rate

Lactic Acid Market: Philippines vs Top 5 Major Economies in 2027 (Asia)


The Lactic Acid market in Philippines is projected to grow at a growing growth rate of 8.59% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

Lactic Acid Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

Lactic Acid Market: Philippines vs Top 5 Major Economies in 2027 (Asia)

Philippines Lactic Acid Market Synopsis

The Philippines lactic acid market is anticipated to grow significantly at a CAGR of 7%. Rising demand for biodegradable polymers from food packaging industry coupled with growing use of lactic acid bacteria in animal feed production are some major factors propelling its demand across various product segments including preservatives, plasticizers, chelating agents, biodegradable polymers etc. Moreover, increasing applications in medical devices due to its anti-bacterial properties further contributes towards global lactic acid market expansion during forecast period.

Drivers of the market

The primary driver of the Philippines Lactic Acid Market is its wide application in the food and beverage industry as a preservative, pH regulator, and flavoring agent. The increasing demand for natural and organic food products also boosts the use of lactic acid as a food additive. Additionally, the rising awareness of lactic acid`s eco-friendly and biodegradable properties drives its utilization in various industrial applications, including bioplastics, personal care products, and pharmaceuticals. Moreover, the growing trend of using lactic acid as a raw material in green chemical synthesis further contributes to market growth.

Challenges of the market

In the Philippines Lactic Acid Market, challenges include competition from synthetic alternatives and the cost of production. Lactic acid is used in various industries, including food, pharmaceuticals, and personal care. The availability of synthetic lactic acid at a lower cost can pose a challenge to manufacturers using the biologically derived version. Moreover, optimizing production processes to reduce costs while maintaining product quality is crucial for market success.

Covid-19 Impact of the market

The Philippines Lactic Acid Market saw fluctuations in demand during the pandemic. With disruptions in the food and beverage industry and reduced industrial operations, the consumption of lactic acid, used as a food additive and in various industrial applications, experienced challenges.

Key Players of the market

In the Philippines Lactic Acid Market, major players consist of companies like Corbion N.V., Galactic S.A., and Jungbunzlauer Suisse AG. These companies are significant producers and suppliers of lactic acid, used in industries such as food and beverages, personal care, and pharmaceuticals.

Key Highlights of the Report:

  • Philippines Lactic Acid Market Outlook
  • Market Size of Philippines Lactic Acid Market, 2024
  • Forecast of Philippines Lactic Acid Market, 2031
  • Historical Data and Forecast of Philippines Lactic Acid Revenues & Volume for the Period 2021-2031
  • Philippines Lactic Acid Market Trend Evolution
  • Philippines Lactic Acid Market Drivers and Challenges
  • Philippines Lactic Acid Price Trends
  • Philippines Lactic Acid Porter's Five Forces
  • Philippines Lactic Acid Industry Life Cycle
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Raw Material for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Corn for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Sugarcane for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Cassava for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Other Crops for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Applications for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Industrial for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Food & Beverages for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Personal Care for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Polylactic Acid for the Period 2021-2031
  • Historical Data and Forecast of Philippines Lactic Acid Market Revenues & Volume By Others for the Period 2021-2031
  • Philippines Lactic Acid Import Export Trade Statistics
  • Market Opportunity Assessment By Raw Material
  • Market Opportunity Assessment By Applications
  • Philippines Lactic Acid Top Companies Market Share
  • Philippines Lactic Acid Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Lactic Acid Company Profiles
  • Philippines Lactic Acid Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Philippines Lactic Acid Market Overview

3.1 Philippines Country Macro Economic Indicators

3.2 Philippines Lactic Acid Market Revenues & Volume, 2021 & 2031F

3.3 Philippines Lactic Acid Market - Industry Life Cycle

3.4 Philippines Lactic Acid Market - Porter's Five Forces

3.5 Philippines Lactic Acid Market Revenues & Volume Share, By Raw Material, 2021 & 2031F

3.6 Philippines Lactic Acid Market Revenues & Volume Share, By Applications, 2021 & 2031F

4 Philippines Lactic Acid Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Philippines Lactic Acid Market Trends

6 Philippines Lactic Acid Market, By Types

6.1 Philippines Lactic Acid Market, By Raw Material

6.1.1 Overview and Analysis

6.1.2 Philippines Lactic Acid Market Revenues & Volume, By Raw Material, 2018 - 2031F

6.1.3 Philippines Lactic Acid Market Revenues & Volume, By Corn, 2018 - 2031F

6.1.4 Philippines Lactic Acid Market Revenues & Volume, By Sugarcane, 2018 - 2031F

6.1.5 Philippines Lactic Acid Market Revenues & Volume, By Cassava, 2018 - 2031F

6.1.6 Philippines Lactic Acid Market Revenues & Volume, By Other Crops, 2018 - 2031F

6.2 Philippines Lactic Acid Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Philippines Lactic Acid Market Revenues & Volume, By Industrial, 2018 - 2031F

6.2.3 Philippines Lactic Acid Market Revenues & Volume, By Food & Beverages, 2018 - 2031F

6.2.4 Philippines Lactic Acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2031F

6.2.5 Philippines Lactic Acid Market Revenues & Volume, By Personal Care, 2018 - 2031F

6.2.6 Philippines Lactic Acid Market Revenues & Volume, By Polylactic Acid, 2018 - 2031F

6.2.7 Philippines Lactic Acid Market Revenues & Volume, By Others, 2018 - 2031F

7 Philippines Lactic Acid Market Import-Export Trade Statistics

7.1 Philippines Lactic Acid Market Export to Major Countries

7.2 Philippines Lactic Acid Market Imports from Major Countries

8 Philippines Lactic Acid Market Key Performance Indicators

9 Philippines Lactic Acid Market - Opportunity Assessment

9.1 Philippines Lactic Acid Market Opportunity Assessment, By Raw Material, 2021 & 2031F

9.2 Philippines Lactic Acid Market Opportunity Assessment, By Applications, 2021 & 2031F

10 Philippines Lactic Acid Market - Competitive Landscape

10.1 Philippines Lactic Acid Market Revenue Share, By Companies, 2024

10.2 Philippines Lactic Acid Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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