Lactic Acid Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Lactic Acid category?

Are you looking for answers on Lactic Acid category?

  • What are the key trends in Lactic Acid category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Lactic Acid industry?
  • How is Lactic Acid industry performing?

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Report Coverage

  1. Price, Demand, and Cost Drivers
  2. Procurement Best Practices
  3. Market Analysis of Food Preservative
  4. Purchasing Process

Production Size

Global Production Size/ Capacity

$2.5 billion

CAGR

3.7 percent

USA

31%

China

25%

Table of Contents

  1. Executive Summary
  2. Supply–Demand
  3. Price, Demand, and Cost Drivers
  4. Procurement Best Practices
  5. COVID-19 Impact
  1. Market Analysis of Food Preservative
  2. Global Market
  3. Food Acids/Organic Preservative - Global Market Outlook
  4. Preferential Analysis of Food Acidulants
  1. Market Analysis of Lactic Acid
  2. Global Market Outlook
  3. Industry Analysis
  4. Supplier Profiling
  1. Purchasing Process
  2. Sample RFP/RFI Questionnaire

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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

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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Complimentary 12-month access to Beroe LiVE

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