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;

Industrial, Pharmaceutical, Personal Care, and Paints & Coatings.

By Geography;

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

Introduction

Global Bio-Based Succinic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Bio-Based Succinic Acid Market was valued at USD 1,173.76 million. 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%.

The global bio-based succinic acid market has been experiencing significant growth as industries seek sustainable alternatives to petrochemical-derived chemicals. Bio-based succinic acid, produced from renewable resources such as biomass and agricultural by-products, is emerging as a key player in the shift towards greener chemical solutions. Unlike its petrochemical counterparts, bio-based succinic acid offers a lower carbon footprint and enhanced environmental benefits, making it an attractive option for various applications, including biodegradable plastics, food additives, and pharmaceuticals. The increasing demand for eco-friendly products and the push for reducing greenhouse gas emissions are driving the expansion of this market.

The production of bio-based succinic acid involves fermenting carbohydrates derived from renewable sources like corn, sugarcane, and wheat, using microorganisms. This sustainable production method not only reduces reliance on fossil fuels but also leverages agricultural residues, thereby contributing to waste reduction. Advances in fermentation technology and genetic engineering have further improved the efficiency and cost-effectiveness of producing bio-based succinic acid. As a result, the market is seeing an influx of new players and innovations, which are enhancing the availability and application range of bio-based succinic acid.

Several factors are contributing to the growth of the bio-based succinic acid market. Stringent environmental regulations and increasing consumer preference for sustainable products are compelling manufacturers to explore bio-based alternatives. Additionally, the development of bio-based polymers and resins, which utilize succinic acid as a key building block, is creating new opportunities in sectors such as packaging, automotive, and textiles. The period from 2020 to 2030 is expected to witness continued growth in this market, supported by ongoing research, technological advancements, and the expanding adoption of bio-based chemicals across various industries.

  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 Region
  4. Global 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. Global Bio-Based Succinic Acid Market, By Process Type, 2021 - 2031 (USD Million)
      1. Ammonium Sulfate Process
      2. Direct Crystallization Process
      3. Electrodialysis Process
    2. Global Bio-Based Succinic Acid Market, By Type, 2021 - 2031 (USD Million)
      1. Food Grade
      2. Industrial Grade
      3. Pharmaceutical Grade
    3. Global Bio-Based Succinic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial
      2. Pharmaceutical
      3. Personal Care
      4. Paints & Coatings
    4. Global 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. Gadiv Petrochemical Industries Limited
      3. BioAmber
      4. DSM
      5. Kawasaki Kasei Chemicals
      6. Misubishi Chemical Corporation
      7. Mitsui & Co
  7. Analyst Views
  8. Future Outlook of the Market