Japan Lactic Acid Market Size, Share, and COVID-19 Impact Analysis, By Raw Material (Corn, Sugarcane, Cassava, Yeast Extract, and Others), By Application (Industrial, Food & Beverages, Pharmaceuticals, Personal Care, Polylactic Acid, and Other Applications), and Japan Lactic Acid Market Insights, Industry Trend, Forecasts to 2035
Industry: Specialty & Fine ChemicalsJapan Lactic Acid Market Size Insights Forecasts to 2035
- The Japan Lactic Acid Market Size Was Estimated at USD 76.2 Million in 2024
- The Market Size is Expected to Grow at a CAGR of Around 6.88% from 2025 to 2035
- The Japan Lactic Acid Market Size is Expected to Reach USD 158.5 Million by 2035
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According to a Research Report Published by Spherical Insights & Consulting, the Japan Lactic Acid Market Size is anticipated to reach USD 158.5 million by 2035, growing at a CAGR of 6.88% from 2025 to 2035. The Japan lactic acid market is driven by various factors, including increased use across various industries such as pharmaceutical, food and beverages, extensive research and development activities, rising consumer preferences for natural ingredients, and advancements in fermentation technologies.
Market Overview
Lactic acid is a naturally occurring organic acid produced through the fermentation of carbohydrates like glucose, sucrose, or lactose. The lactic acid market refers to the production and consumption of lactic acid. It is widely used in various industries such as food and beverages, pharmaceuticals, cosmetics, and bioplastics due to their preservative, acidity regulatory, and moisturizing properties. Lactic acid is made from various raw materials, including corn, sugarcane, cassava, and yeast extract. The Japan lactic acid market is experiencing robust growth. The growing use of lactic acid in the pharmaceutical sector for a variety of applications, such as the production of scaffolds for tissue engineering, biodegradable implants, and sophisticated drug delivery systems like hydrogels and nanoparticles, is a major driving factor for Japan lactic acid market. The people are becoming health-conscious and aware of food safety. Lactic acid is known as a natural preservative that prolongs shelf life without sacrificing nutritional content, which further fuels the market growth. The increasing demand for sustainable materials is a key trend in this market. The growing demand for clean-label and organic products presents an opportunity for growth.
Report Coverage
This research report categorizes the market for the Japan lactic acid market based on various segments and regions, and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan lactic acid market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan lactic acid market.
Japan Lactic Acid Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 76.2 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 6.88% |
2035 Value Projection: | USD 158.5 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 147 |
Tables, Charts & Figures: | 128 |
Segments covered: | By Raw Material, By Application and COVID-19 Impact Analysis |
Companies covered:: | TEIJIN LIMITED, Musashino Chemical Laboratory, Ltd., Kishida Chemical Co., Ltd., Kanto Chemical Co., Inc., Galactic, and Other key vendors |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The rising inclination towards eco-friendly, plant-based, and health-focused products accelerates the use of lactic acid in bioplastics, food and beverages, pharmaceutical and cosmetic industries. Lactic acid is a key raw material in the production of biodegradable plastic. The increased demand for biodegradable plastic drives the market growth. In the food and beverage industry, lactic acid is used as a preservative, acid regulator, and flavoring agent, which further boosts the market growth. Additionally, advancements in fermentation technology play a crucial role in market expansion.
Restraining Factors
The high cost of production, particularly for bio-based lactic acid, is one of the main obstacles. Despite being made from renewable resources, bio-based lactic acid is still more expensive to produce than petroleum-based alternatives. Additionally, the competition from the synthetic alternatives further limits the market expansion.
Market Segmentation
The Japan lactic acid market share is classified into raw material and application.
- The sugarcane segment held the dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The Japan lactic acid market is segmented by raw material into corn, sugarcane, cassava, yeast extract, and others. Among these, the sugarcane segment held the dominant share in 2024 and is expected to grow at a significant CAGR during the forecast period. This segmental growth is attributed to its abundant biomass material availability. Additionally, one of the main feedstocks for the production of lactic acid is raw sugar, which is derived from sugarcane or sugar beet.
- The food & beverages segment held the highest share in 2024 and is expected to grow at a substantial CAGR during the forecast period.
The Japan lactic acid market is segmented by application into industrial, food & beverages, pharmaceuticals, personal care, polylactic acid, and other applications. Among these, the food & beverages segment held the highest share in 2024 and is expected to grow at a substantial CAGR during the forecast period. This segmental growth is attributed to its ability to enhance flavors and increase the shelf life of food and beverage forms.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Japan lactic acid market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- TEIJIN LIMITED
- Musashino Chemical Laboratory, Ltd.
- Kishida Chemical Co., Ltd.
- Kanto Chemical Co., Inc.
- Galactic
- Other
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at Japan, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Japan lactic acid market based on the below-mentioned segments:
Japan Lactic Acid Market, By Raw Material
- Corn
- Sugarcane
- Cassava
- Yeast Extract
- Others
Japan Lactic Acid Market, By Application
- Industrial
- Food & Beverages
- Pharmaceuticals
- Personal Care
- Polylactic Acid
- Other Applications
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