[250 Pages Report] The global gypsum-free lactic acid market size was valued at around US$ 1.2 Bn in 2021 and is likely to reach a valuation of nearly US$ 2.4 Bn in 2028. Moreover, with rising applications of gypsum-free lactic acid in food & beverage, pharmaceuticals, chemicals, and personal care products, the total sales of gypsum-free lactic acid are slated to rise at a healthy CAGR of around 9.5% to 11% during the forecast period (2022-2032).
| Report Attribute | Details |
|---|---|
| Gypsum-free Lactic Acid Market Size (2021) | US$ 1.2 Bn |
| Gypsum-free Lactic Acid Market Estimated Growth Rate (2022-2032) | 9.5% - 11% CAGR |
| Gypsum-free Lactic Acid Market Projected Size (2028) | US$ 2.4 Bn |
Since ancient times, lactic acid has been used for numerous applications due to its multiple benefits. However, industrial processes for manufacturing lactic acid are energy-intensive and often generate large amounts of byproducts like gypsum, which contributes to the CO2 footprint of the process. As a result, lactic acid manufacturing companies have developed innovative gypsum-free processes for the production of lactic acid.
Today, majority of end-user industries such as food & beverage and pharmaceuticals prefer to use gypsum-free lactic acid due to its improved sustainability and low environmental impact. It is being increasingly used as a preservative, pH regulator and antimicrobial agent in packaged foods, chemicals, food & beverages, and personal care products. Rising production and consumption of these products is expected to boost the growth of gypsum-free lactic acid market during the forecast period.
Similarly, continuous development in manufacturing processes of lactic acid that ensure recycling of all chemicals and elimination of by-products is playing a key role in expanding the gypsum-free lactic acid market size.
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Rising usage of gypsum-free lactic acid in a wide range of applications including food & beverage, chemicals, personal care products, and pharmaceuticals is driving the growth in gypsum-free lactic acid market.
Similarly, growing concerns over the environmental impact of gypsum along with presence of stringent regulations for its disposal is encouraging the adoption of gypsum-free lactic acid across diverse industries.
Over the years, gypsum-free lactic acid has gained immense traction due to its gypsum free and energy efficient production process. It is being extensively used as a preservative in packaged food products such as bread, desserts, jams etc. to increase their shelf life.
Rising consumer spending on packaged food products and beverages along with increasing need for improving shelf life of food products to tackle food insecurity is playing a key role in augmenting the growth of gypsum-free lactic acid.
According to the World Economic Forum, around 932 million tonnes of food goes to waste each year, with retail accounting for 13% of this number. In order to minimize this loss, food manufacturers use preservatives like gypsum-free lactic acid.
Leading manufacturers are gradually shifting their preference towards gypsum-free lactic acid to meet end user demands as well as to comply with the government regulation. They are integrating environment-friendly technologies in their production processes to reduce carbon footprint as well as to eliminate gypsum formation. This will further expand the gypsum-free lactic acid market size during the forecast period.
Furthermore, rising trend of green packaging and growing popularity of gypsum-free lactic acid across non-food industries such as personal care, biopolymers, textile, cosmetics, electronics, and pharmaceuticals, on account of its sustainability will continue to push the demand for gypsum-free lactic acid during the forthcoming years.
Despite rapid penetration of gypsum-free lactic acid market worldwide, there are some factors that are changing its growth. Some of these factors include high cost of equipment required for manufacturing gypsum-free lactic acid, fluctuations in raw material prices, and availability of various alternatives.
Principal Consultant
According to Future Market Insights, North America accounts for the largest share of gypsum-free lactic acid market and this trend is likely to continue even during the forecast period. Growth in North America gypsum-free lactic acid market is driven by heavy presence of leading manufacturers, availability of advanced manufacturing technologies, increasing investments in R&D, and growing adoption of biodegradable polymers in a wide range of applications.
North American gypsum-free lactic acid market is mainly dominated by the U.S. due to rapidly expanding pharmaceuticals, personal care and food industries.
Similarly, growing environmental concerns coupled with presence of stringent carbon emission regulations is encouraging industries to shift their focus towards gypsum-free lactic acid.
Asia Pacific gypsum-free lactic acid market is poised to exhibit strong growth on account of increasing consumer spending, rapid expansion of end-user industries like pharmaceuticals and food & beverage, and growing awareness among people about the benefits of gypsum=free lactic acid.
Demand is particularly rising across countries like China and Japan due to rapid shift towards green technologies, adoption of low carbon emission products, and increasing usage of gypsum-free lactic acid as an antimicrobial agent in personal care products.
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Some of the leading manufacturers of gypsum-free lactic acid include Corbion,Jungbunzlauer , Naturework, and Henan Jindan Lactic Acid Technology among others.
These key players are constantly focusing on increasing their production capacities to meet end user demands. Besides this, they are adopting various strategies such as new product launches, partnerships, acquisitions, collaborations, and establishment of new facilities across attractive regions to gain a competitive edge in the global gypsum-free lactic acid market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.5% to 11% from 2022 to 2032 |
| Projected Market Size (2028) | US$ 2.4 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Source, Function, Application, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Corbion; Naturework; Jungbunzlauer; Henan Jindan Lactic Acid Tecnology; Others |
| Customization | Available Upon Request |
As per FMI, demand in the gypsum-free lactic acid market is expected to grow at 9.5% to 11% CAGR during the forecast period, totaling around US$ 2.4 Bn by 2028.
North America will continue to remain the most dominant market for gypsum-free lactic acid during the forecast period.
Соrbіоn, Јungbunzlаuеr, Nаturеwоrk, and Неnаn Јіndаn Lасtіс Асіd Тесhnоlоgу are some prominent gypsum-free lactic acid manufacturers
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Source, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Source, 2022-2032
5.3.1. Natural
5.3.2. Synthetic
5.4. Y-o-Y Growth Trend Analysis By Source, 2017-2021
5.5. Absolute $ Opportunity Analysis By Source, 2022-2032
6. Global Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Function
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Function, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Function, 2022-2032
6.3.1. pH Regulators
6.3.2. Preservatives
6.3.3. Anti-microbial Agent
6.3.4. Mineral Fortification
6.3.5. Others
6.4. Y-o-Y Growth Trend Analysis By Function, 2017-2021
6.5. Absolute $ Opportunity Analysis By Function, 2022-2032
7. Global Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Application
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Application, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Application, 2022-2032
7.3.1. Food & Beverage
7.3.2. Chemicals
7.3.3. Pharmaceuticals
7.3.4. Bio-degradable Products
7.3.5. Personal Care Products
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
7.5. Absolute $ Opportunity Analysis By Application, 2022-2032
8. Global Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Liters) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Liters) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Source
9.2.3. By Function
9.2.4. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Source
9.3.3. By Function
9.3.4. By Application
9.4. Key Takeaways
10. Latin America Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Source
10.2.3. By Function
10.2.4. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source
10.3.3. By Function
10.3.4. By Application
10.4. Key Takeaways
11. Europe Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Source
11.2.3. By Function
11.2.4. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source
11.3.3. By Function
11.3.4. By Application
11.4. Key Takeaways
12. Asia Pacific Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. New Zealand
12.2.1.8. Rest of APAC
12.2.2. By Source
12.2.3. By Function
12.2.4. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source
12.3.3. By Function
12.3.4. By Application
12.4. Key Takeaways
13. MEA Gypsum-free Lactic Acid Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Liters) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Source
13.2.3. By Function
13.2.4. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source
13.3.3. By Function
13.3.4. By Application
13.4. Key Takeaways
14. Key Countries Gypsum-free Lactic Acid Market Analysis
14.1. U.S.
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Source
14.1.2.2. By Function
14.1.2.3. By Application
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Source
14.2.2.2. By Function
14.2.2.3. By Application
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Source
14.3.2.2. By Function
14.3.2.3. By Application
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Source
14.4.2.2. By Function
14.4.2.3. By Application
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Source
14.5.2.2. By Function
14.5.2.3. By Application
14.6. U.K.
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Source
14.6.2.2. By Function
14.6.2.3. By Application
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Source
14.7.2.2. By Function
14.7.2.3. By Application
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Source
14.8.2.2. By Function
14.8.2.3. By Application
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Source
14.9.2.2. By Function
14.9.2.3. By Application
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Source
14.10.2.2. By Function
14.10.2.3. By Application
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Source
14.11.2.2. By Function
14.11.2.3. By Application
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Source
14.12.2.2. By Function
14.12.2.3. By Application
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Source
14.13.2.2. By Function
14.13.2.3. By Application
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Source
14.14.2.2. By Function
14.14.2.3. By Application
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Source
14.15.2.2. By Function
14.15.2.3. By Application
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Source
14.16.2.2. By Function
14.16.2.3. By Application
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Source
14.17.2.2. By Function
14.17.2.3. By Application
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Source
14.18.2.2. By Function
14.18.2.3. By Application
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Source
14.19.2.2. By Function
14.19.2.3. By Application
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Source
15.3.3. By Function
15.3.4. By Application
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Naturework
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Henan Jindan Lactic Acid Technology
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Corbion
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Jungbunzlauer
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Gypsum-free Lactic Acid Market
