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Lactic Acid
Market, Supplier, Risk and
Competitive Intelligence

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Subscription Benefits:

  • PRO access to Beroe LiVE.Ai™
  • Category Report with unlimited updates
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

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Manage Lactic Acid Category with Ai powered
Procurement Productivity Suite

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Abi will answer all Lactic Acid related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

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Get up-to-date market and supplier info on Lactic Acid to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Abi will answer all Lactic Acid related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Lactic Acid to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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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

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