South America Lactic Acid Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Form (Dry and Liquid); Application (Food & Beverages, Pharmaceuticals, Personal Care and Others) and Country.
SOUTH AMERICA LACTIC ACID MARKET RD
South America Lactic Acid Market Forecast to 2027 – Covid-19 Impact and Regional Analysis - by Form (Dry and Liquid); Application (Food & Beverages, Pharmaceuticals, Personal Care and Others) and Country
Pages: 62
Market Introduction
Lactic acid also known as lactate refers to a chemical byproduct of the anaerobic respiration. It also is a type of organic acid which is obtained during fermentation. The feedstock employed in the production of lactic acid is carbohydrate which can be obtained from sources such as sugarcane, corn starch or tapioca starch. Lactic acid also serves as the building block of polylactic acid and is used in variety of applications like food & beverages, personal care and pharmaceuticals.
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Market Overview and Dynamics
The South America lactic acid market is expected to reach US$ 259.71 million in 2027 from US$ 127.11 million in 2019. The market is anticipated to grow at a CAGR of 9.4 % from 2020 to 2027. Factors driving the market growth widening application scope and multi-functionalities of lactic acid. However, fluctuating raw material prices is likely to have a negative impact on the market growth.
Effect of covid-19 on South America lactic acid market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the food and beverages industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Brazil has the highest number of confirmed cases of the COVID-19 morbidity among all South American countries. This is likely to impact the food and beverages industry in the region due to the disruption of supply and distribution chain in South America. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The dry lactic acid segment accounted for a larger share of the South America lactic acid market, by form, in 2019. The food and beverages segment accounted for a larger share of the South America lactic acid market, by application, in 2019.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the South America lactic acid market include Corbion, Cargill Inc., Foodchem International Corporation, Galactic, Musashino Chemical Laboratory, Ltd., Shandong Baisheng Biotechnology Co., Ltd. and Jungbunzlauer Suisse AG.
Reasons to buy the report
- To understand the South America lactic acid market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead by comprehending the ever-changing competitive landscape for the lactic acid market
- To efficiently plan M&A and partnership deals in the lactic acid market by identifying market segments with most promising probable sales
- To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the lactic acid market
- To obtain market revenue forecast for market by various segments from 2017 to 2027
South America Lactic Acid Market Segmentation
By Form
- Dry
- Liquid
By Application
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Others
Company Profiles
- Corbion
- Cargill Inc.
- Foodchem International Corporation
- Galactic
- Musashino Chemical Laboratory, Ltd.
- Shandong Baisheng Biotechnology Co., Ltd.
- Jungbunzlauer Suisse AG
By Country
- Brazil
- Argentina
- Rest of South America
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South America Lactic Acid Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Expert Opinion
5. Lactic Acid Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Widening Application Scope
5.1.2 Multi-functionalities of Lactic Acid
5.2 Market Restraint
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Increasing Demand for Biodegradable Polymers
5.4 Future Trends
5.4.1 Innovations and Technology Advancement
5.5 Impact Analysis
6. Lactic Acid – South America Market Analysis
6.1 Lactic Acid Market Overview
6.2 South America Lactic Acid Market –Revenue And Forecast To 2027 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. South America Lactic Acid Market Analysis – By Form
7.1 Overview
7.2 Lactic Acid Market, By Form (2019 and 2027)
7.3 Dry
7.3.1 Overview
7.3.2 Dry: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
7.4 Liquid
7.4.1 Overview
7.4.2 Liquid: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
8. South America Lactic Acid Market Analysis – By Application
8.1 Overview
8.2 Lactic Acid Market, By Application (2019 and 2027)
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Pharmaceuticals
8.4.1 Overview
8.4.2 Pharmaceuticals : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Personal Care
8.5.1 Personal Care : Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Others
8.6.1 Others: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Mn)
9. South America Lactic Acid Market – Geographic Analysis
9.1 Overview
9.1.1 SAM: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2 SAM: Lactic Acid Market, by Form
9.1.3 SAM: Lactic Acid Market, by Application
9.1.4 SAM: Lactic Acid Market, by Key Country
9.1.4.1 Brazil: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 Brazil: Lactic Acid Market, by Form
9.1.4.1.2 Brazil: Lactic Acid Market, by Application
9.1.4.2 Argentina: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 Argentina: Lactic Acid Market, by Form
9.1.4.2.2 Argentina: Lactic Acid Market, by Application
9.1.4.3 Rest of SAM: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 Rest of SAM: Lactic Acid Market, by Form
9.1.4.3.2 Rest of SAM: Lactic Acid Market, by Application
10. Overview- Impact of Coronavirus Outbreak on South America Lactic Acid Market
10.1 Overview
10.2 South America: Impact Assessment of COVID-19 Pandemic
11. Key Company Profiles
11.1 Corbion
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Cargill Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Foodchem International Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Galactic
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Jungbunzlauer Suisse AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Musashino Chemical Laboratory, Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 Shandong Baisheng Biotechnology Co., Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America Lactic Acid Market –Revenue And Forecast To 2027 (US$ Million)
Table 2. SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million)
Table 3. SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million)
Table 4. Brazil Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million)
Table 5. Brazil Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 6. Argentina Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million)
Table 7. Argentina Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 8. Rest of SAM Lactic Acid Market, by Form – Revenue and Forecast to 2027 (USD Million)
Table 9. Rest of SAM Lactic Acid Market, by Application – Revenue and Forecast to 2027 (USD Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Lactic Acid Market Segmentation
Figure 2. South America Lactic Acid Market Segmentation – By Country
Figure 3. South America Lactic Acid Market Overview
Figure 4. Food & Beverages Segment Held Largest Share Of South America Lactic Acid Market
Figure 5. Brazil Held Largest Share Of South America Lactic Acid Market
Figure 6. South America Lactic Acid Market, Industry Landscape
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. South America Lactic Acid Market Impact Analysis Of Drivers And Restraints
Figure 10. South America: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Million)
Figure 11. Lactic Acid Market Revenue Share, By Form (2019 and 2027)
Figure 12. Dry: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 13. Liquid: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 14. Lactic Acid Market Revenue Share, By Application (2019 and 2027)
Figure 15. Food and Beverages : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 16. Pharmaceuticals : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 17. Personal Care : Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 18. Others: Lactic Acid Market – Revenue And Forecast To 2027 (US$ Mn)
Figure 19. SAM: Lactic Acid Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. SAM: Lactic Acid Market Revenue Share, by Form (2019 and 2027)
Figure 21. SAM: Lactic Acid Market Revenue Share, by Application (2019 and 2027)
Figure 22. SAM: Lactic Acid Market Revenue Share, by Key Country (2019 and 2027)
Figure 23. Brazil: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. Argentina: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Rest of SAM: Lactic Acid Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in South America Country Markets
- Corbion
- Cargill Inc.
- Foodchem International Corporation
- Galactic
- Musashino Chemical Laboratory, Ltd.
- Shandong Baisheng Biotechnology Co., Ltd.
- Jungbunzlauer Suisse AG
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South America lactic acid market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.