CATEGORY

Lactic Acid

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CATEGORY ALERTS

ADM and LG Chem enter into joint venture

August 16, 2022
alert level: Medium
CATEGORY ALERTS

Severe heatwave hampers crops in China

August 29, 2022
alert level: High

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Lactic Acid Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Lactic Acid Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Lactic Acid category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Lactic Acid category for the current quarter is 75.6 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Lactic Acid Suppliers


    1,125
    Total Suppliers
    29
    Diverse Suppliers
    67
    Normalized Supplier Rating
    Lactic Acid Supplier

    Find the right-fit lactic acid supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    29

    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82

    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Lactic Acid market report transcript


    Lactic Acid Global Market Outlook:

    Market Growth:

    • Global market size: $2.5 billion
    • CAGR: 3.7 percent

    Porter's Analysis on Lactic Acid

    Supplier Power

    • Corn and other starch sources are primary feedstock for lactic acid production
    • Corn prices are determined based on domestic supply–demand and global scenario
    • Prices are indexed to large trading entities such as CBOT and Euronext

    Barriers to New Entrants

    • Lactic acid can be produced from many sources, such as corn, corn starch, wheat, barley, etc., thereby providing an edge for the new manufacturers
    • The lactic acid market is already overshadowed by the significant suppliers, which may inhibit the new entrants

    Intensity of Rivalry

    • Presence of few large suppliers for natural lactic acid increases the intensity of rivalry among suppliers
    • Lower switching cost results in competitive pricing in the industry

    Threat of Substitutes

    • There is a high threat of substitute, owing to the presence of economical alternatives, such as acetic and citric acid in the market
    • Profitability of the citric acid manufacturers is formidable compared to lactic acid

    Buyer Power

    • The natural lactic acid market is fairly consolidated with large suppliers, such as PURAC, BASF, Cargill dominating the market
    • With the presence of minimum number of suppliers for natural lactic acid, suppliers hold an edge during negotiation