Top 10 Lactic Acid Producers Globally
Introduction
Lactic acid is a colorless or yellowish syrupy organic acid that is produced both naturally and synthetically. It is commonly used in the food and beverage industry as a preservative, flavor enhancer, and pH regulator. Lactic acid is also used in the pharmaceutical and cosmetic industries. In this report, we will explore the top 10 lactic acid producers globally, based on their production volumes, financial data, and industry insights.
1. Corbion
Corbion is a leading lactic acid producer globally, with a strong presence in the food and beverage industry. The company’s lactic acid is used in a wide range of applications, including meat products, dairy products, and bakery goods. Corbion reported a revenue of $986 million in 2020, making it one of the top players in the lactic acid market.
2. Galactic
Galactic is another key player in the lactic acid market, with a focus on producing natural lactic acid for various industries. The company’s lactic acid is used in food and beverage, pharmaceuticals, and personal care products. Galactic reported a revenue of $732 million in 2020, solidifying its position as a top lactic acid producer.
3. Cargill
Cargill is a global food and agricultural company that also produces lactic acid for various industries. The company’s lactic acid is used in food and beverage, pharmaceuticals, and industrial applications. Cargill reported a revenue of $114.6 billion in 2020, with its lactic acid business contributing significantly to its overall revenue.
4. ADM
ADM is a major player in the lactic acid market, with a focus on producing lactic acid for the food and beverage industry. The company’s lactic acid is used in dairy products, baked goods, and beverages. ADM reported a revenue of $64.4 billion in 2020, with its lactic acid business showing steady growth.
5. Henan Jindan Lactic Acid Technology Co., Ltd.
Henan Jindan Lactic Acid Technology Co., Ltd. is a leading lactic acid producer in China, with a strong presence in the Asian market. The company’s lactic acid is used in food and beverage, pharmaceuticals, and industrial applications. Henan Jindan reported a revenue of $320 million in 2020, highlighting its significant contribution to the lactic acid market.
6. Musashino Chemical Laboratory, Ltd.
Musashino Chemical Laboratory, Ltd. is a Japanese company that specializes in producing lactic acid for various industries. The company’s lactic acid is used in food and beverage, pharmaceuticals, and personal care products. Musashino Chemical Laboratory reported a revenue of $210 million in 2020, showing its strong position in the lactic acid market.
7. Jungbunzlauer
Jungbunzlauer is a Swiss company that is known for producing lactic acid for the food and beverage industry. The company’s lactic acid is used in dairy products, meat products, and beverages. Jungbunzlauer reported a revenue of $1.14 billion in 2020, making it one of the top lactic acid producers globally.
8. Henan Xinghan Biological Technology Co., Ltd.
Henan Xinghan Biological Technology Co., Ltd. is a Chinese company that specializes in producing lactic acid for various industries. The company’s lactic acid is used in food and beverage, pharmaceuticals, and industrial applications. Henan Xinghan reported a revenue of $180 million in 2020, demonstrating its strong presence in the lactic acid market.
9. Musashino Kogyo Co., Ltd.
Musashino Kogyo Co., Ltd. is a Japanese company that produces lactic acid for the food and beverage industry. The company’s lactic acid is used in dairy products, baked goods, and beverages. Musashino Kogyo reported a revenue of $150 million in 2020, showing its significant contribution to the lactic acid market.
10. Futerro
Futerro is a Belgian company that specializes in producing lactic acid for various industries. The company’s lactic acid is used in food and beverage, pharmaceuticals, and personal care products. Futerro reported a revenue of $90 million in 2020, highlighting its presence in the lactic acid market.
In conclusion, the top 10 lactic acid producers globally play a significant role in supplying lactic acid for various industries, including food and beverage, pharmaceuticals, and personal care products. These companies reported strong financial performance in 2020, showcasing the growth and potential of the lactic acid market.
