Global Bio-Based Succinic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Process Type;

Ammonium Sulfate Process, Direct Crystallization Process, and Electrodialysis Process

By Type;

Food Grade, Industrial Grade, and Pharmaceutical Grade

By Application;

BDO, Polyester Polyols, Plasticizers, PBS/PBST, Alkyd Resins, and Others

By End User;

Industrial, Pharmaceutical, Personal Care, and Paints & Coatings

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn392734159 Published Date: May, 2025 Updated Date: June, 2025

Bio-Based Succinic Acid Market Overview

Bio-Based Succinic Acid Market (USD Million)

Bio-Based Succinic Acid Market was valued at USD 1,173.76 million in the year 2024. The size of this market is expected to increase to USD 5,787.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 25.6%.


Global Bio-Based Succinic Acid Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 25.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)25.6 %
Market Size (2024)USD 1,173.76 Million
Market Size (2031)USD 5,787.70 Million
Market ConcentrationLow
Report Pages392
1,173.76
2024
5,787.70
2031

Major Players

  • BASF SE
  • Gadiv Petrochemical Industries Limited
  • BioAmber
  • DSM
  • Kawasaki Kasei Chemicals
  • Misubishi Chemical Corporation
  • Mitsui & Co

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Bio-Based Succinic Acid Market

Fragmented - Highly competitive market without dominant players


The Bio-Based Succinic Acid Market is experiencing a significant shift driven by the increased demand for eco-friendly and renewable chemicals. This transition is catalyzed by the replacement of petroleum-derived succinic acid with bio-based variants. Over 42% of demand in the specialty chemicals sector is now inclined toward sustainable substitutes, positioning bio-based succinic acid as a key material across multiple industries.

The market is gaining strong momentum in pharmaceuticals, resins, polymers, and coatings, driven by its versatility and lower environmental footprint. Over 35% of manufacturers have integrated bio-based succinic acid into their product formulations due to its low toxicity, biodegradability, and improved carbon efficiency. This growth is also supported by regulatory incentives favoring low-emission products.

Technological Advancements Enhancing Yield
Advances in fermentation technologies and microbial engineering have improved the productivity and purity of bio-based succinic acid, with efficiency gains reaching up to 27% in recent years. These innovations enable cost-effective production, thus promoting wider adoption in commercial applications including bioplastics, solvents, and food additives.

Consumer Preference Driving Market Penetration
The shift toward green consumer goods has driven demand from end-use sectors such as personal care and packaging, where over 38% of buyers now seek bio-based ingredients. This trend is creating a ripple effect across the supply chain, with manufacturers increasingly prioritizing bio-based feedstocks to meet market expectations and brand sustainability goals.

Challenges and Growth Opportunities
Despite the benefits, challenges such as high production costs and limited raw material availability have constrained full-scale commercialization. However, with over 33% of research investments now focused on low-cost production methods and agro-industrial waste utilization, the market is poised for substantial growth. Strategic collaborations and scaling of integrated biorefineries are expected to further strengthen this outlook.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Process Type
    2. Market Snapshot, By Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Bio-Based Succinic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Sustainable and Eco-Friendly Products
        2. Technological Advances in Production
        3. Government Incentives and Support
        4. Increased Awareness of Carbon Footprint Reduction
      2. Restraints
        1. Limited Availability of Raw Materials
        2. Performance and Quality Issues
        3. Regulatory Compliance Challenges
        4. Market Resistance and Awareness
      3. Opportunities
        1. Development of New Applications
        2. Advancements in Production Technologies
        3. Collaborations and Strategic Partnerships
        4. Investment in R&D and Innovation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Bio-Based Succinic Acid Market, By Process Type, 2021 - 2031 (USD Million)
      1. Ammonium Sulfate Process
      2. Direct Crystallization Process
      3. Electrodialysis Process
    2. Bio-Based Succinic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. Food Grade
      2. Industrial Grade
      3. Pharmaceutical Grade
    3. Bio-Based Succinic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. BDO
      2. Polyester Polyols
      3. Plasticizers
      4. PBS/PBST
      5. Alkyd Resins
      6. Others
    4. Bio-Based Succinic Acid Market, By End User, 2021 - 2031 (USD Million)
      1. Industrial
      2. Pharmaceutical
      3. Personal Care
      4. Paints & Coatings
    5. Bio-Based Succinic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Roquette Frères
      3. Mitsubishi Chemical Corporation
      4. DSM
      5. Mitsui Chemicals, Inc.
      6. Corbion N.V.
      7. Technip Energies N.V.
      8. Reverdia
      9. Myriant Corporation
  7. Analyst Views
  8. Future Outlook of the Market