Product
|
Category | Region | Price |
---|---|---|---|
Lactic Acid | Nutraceuticals | United States | 1440 USD/MT |
Lactic Acid | Nutraceuticals | China | 1150 USD/MT |
Lactic Acid | Nutraceuticals | Netherlands | 1370 USD/MT |
The lactic acid prices in the United States for Q2 2024 reached 1440 USD/MT in June. The market displayed varied movements, influenced by domestic requirements and broader economic trends. Early in the quarter, strong consumer spending lifted prices. However, the mid-quarter brought a downturn as demand moderated alongside new orders, and purchasing power was affected by rising interest rates. Prices increased again toward June’s end owing to increased imports and inventory preparation for peak season, closing the quarter on an upward trend.
The price trend for lactic acid in China for Q2 2024 settled at 1150 USD/MT in June. The market exhibited a fluctuating pattern, with initial price increases driven by strong manufacturing demand. However, as consumer spending declined and economic pressures mounted, prices faced a downturn. Later in the quarter, demand rebounded in sectors like food and healthcare, stabilizing and lifting prices slightly. This combination of factors resulted in a mixed pricing landscape by the quarter's end.
In Netherlands, the lactic acid prices for Q2 2024 reached 1370 USD/MT in June. The market saw notable price increases for Lactic acid, shaped by heightened demand in manufacturing and seasonal trends. Business growth and improved consumer confidence further boosted prices, while ongoing supply chain challenges added pressure. This dynamic created a bullish market environment, with prices rising significantly through the quarter, reflecting robust demand and persistent logistical constraints.
Product
|
Category | Region | Price |
---|---|---|---|
Lactic Acid | Nutraceuticals | USA | 1285 USD/MT |
Lactic Acid | Nutraceuticals | India | 1070 USD/MT |
Lactic Acid | Nutraceuticals | Netherlands | 1170 USD/MT |
The price of lactic acid in the United States for Q4 2023 encountered a downward trend due to several factors. The reduced product demand from downstream industries and heightened supply were major reasons that contributed to the declining prices. Also, the increased interest rates, reduced energy prices, and a drop in inflation boosted the downward flow, stopping at 1285 USD/MT.
The price trend for lactic acid in India indicated a decreasing trend. This is due to subdued product demand in the domestic and international market. Moreover, the reduced level of orders in the manufacturing sector from the US and Europe markets favored the negative flow in prices. Furthermore, an ample supply of lactic acid led to reductions in prices, stopping at 1070 USD/MT.
In the Netherlands, lactic acid prices witnessed a bearish market sentiment. The declining prices were attributed to a drop in new sales and orders. Also, a dip in the manufacturing sector’s operations, lowered energy prices, and reduced inflation rates boosted the decreasing trend, reaching 1170 USD/MT.
The report provides a detailed analysis of the lactic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the lactic acid price trend.
The report offers a holistic view of the global lactic acid pricing trends in the form of lactic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of lactic acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed lactic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Q2 2024:
The lactic acid prices across Europe witnessed a significant uptick in Q2 2024 due to robust company activity and high consumer confidence contributed to a notable increase in lactic acid prices throughout the region. Additionally, the nutraceutical and industrial industries are growing owing to increased inventory replenishment in response to consumer demand. Moreover, a favorable prognosis was supported by growing new orders, which kept the eurozone's economic momentum steady. Problems with the supply chain, such as Asian port congestion and international unrest close to the Red Sea, put additional strain on logistics and higher pricing. Supply shortages were exacerbated by even small plant closures, which supported rising pricing patterns. Throughout the quarter, prices in the Netherlands increased due to a combination of industrial expansion and seasonally strong demand. By the end, these elements worked together to create a favorable climate for lactic acid in Europe.
Q4 2023:
The European region experienced a bearish price trend owing to subdued demand and surplus supply. Moreover, the decreased output in the manufacturing sector, coupled with lowered inflation rates and energy prices, contributed to the declining trend.
This analysis can be extended to include detailed lactic acid price information for a comprehensive list of countries.
Region | Countries Covered |
---|---|
Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
Q2 2024:
Lactic acid prices fluctuated in North America in Q2 2024 due to a variety of market factors. As domestic expenditure continued to grow, the quarter started with increasing prices due to strong consumer demand. Retailers saw a spike in sales, which caused the price of lactic acid to rise. However, by the middle of the quarter, demand cooled, which caused prices to decline. Economic indicators of slowing growth, such as a loss in new instructions and a reduction in backlogs, were mostly responsible for this decline. Price pressure also increased due to the Federal Reserve's increasing interest amount policy, which was intended to stabilize inflation however instead started to reduce customer purchasing power as a result of increased imports and inventory restocking for the busiest shipping season, lactic acid prices recovered by June. These elements combined to cause a price rebound at the quarter's end, underscoring the complex dynamics shaping lactic acid costs in North America.
Q4 2023:
In North America, the lactic acid market witnessed a mixed trajectory in the last quarter of 2023. Initially, the market saw a hike in prices due to heightened demand from downstream industries. However, the prices declined in the middle of the quarter because of weak market sentiments. Moreover, the rates increased again in the last month of the quarter due to inquiries from the food and beverage (F&B) sectors.
Specific lactic acid historical data within the United States and Canada can also be provided.
Region | Countries Covered |
---|---|
North America | United States and Canada |
The report explores the lactic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on lactic acid prices for countries can also be provided.
Region | Countries Covered |
---|---|
Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Q2 2024:
In the Asia Pacific region, prices for lactic acid displayed erratic patterns in the second quarter of 2024, impacted by domestic and global market conditions. Early in the quarter, a robust manufacturing industry and growing orders drove price increases due to higher demand. Profiting from this momentum, producers increased output to satisfy local and foreign demand. However, as Chinese demand weakened in the middle of the quarter, prices dropped. Prices were driven down by economic difficulties and declining consumer expenditure. Suppliers reduced inventory as summer drew near in order to make room for fresh supplies, which resulted in a brief glut and more price reductions. Demand increased again toward the end of June, especially in the healthcare, pharmaceutical, and food industries, where a spike in inquiries strengthened price stability. Consequently, international demand, sustained through June, helped bolster Lactic acid prices in the Asia Pacific region by the end of the quarter.
Q4 2023:
The lactic acid pricing in the Asia Pacific region encountered a subdued demand in the fourth quarter of 2023 due to decreased demand from the manufacturing sector, domestically and internationally. Moreover, surplus product supply and low demand from the corn starch industry boosted the falling trend.
This lactic acid price analysis can be expanded to include a comprehensive list of countries within the region.
Region | Countries Covered |
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Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
The analysis of lactic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
Region | Countries Covered |
---|---|
Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
IMARC’s newly published report, titled “Lactic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of lactic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of lactic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of lactic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing lactic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
The global lactic acid market size reached US$ 3.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 7 Billion, at a projected CAGR of 8.20% during 2023-2032.
The report covers the latest developments, updates, and trends impacting the global lactic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in lactic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the lactic acid price trend.
Latest developments in the lactic acid industry:
Lactic acid (C3H6O3) is a colorless and water-soluble compound with a distinct sour taste. It plays a pivotal role in various biological processes, particularly in the metabolism during anaerobic respiration. Lactic acid is produced by fermenting carbohydrates in certain bacteria and by muscles during intense activity. It exists in different forms of optical isomers, such as L-lactic acid and D-lactic acid.
Lactic acid is extensively used across multiple industries, such as food, packaging, cosmetics, pharmaceuticals, leather tanning, healthcare, textile, chemical manufacturing, and environmentally friendly solvents. It offers numerous benefits, such as its role in improving food safety and extending shelf life, enhancing flavors, promoting skin moisture retention, and supporting the production of biodegradable materials. Moreover, lactic acid is lauded for its renewable sourcing, biodegradability, effectiveness in lower concentrations, and its status as a generally recognized as safe (GRAS) substance.
Key Attributes | Details |
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Product Name | Lactic Acid |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Lactic Acid Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
Information Covered for Key Suppliers |
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Customization Scope | The report can be customized as per the requirements of the customer |
Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
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Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |