Succinic Acid Market
The market for Succinic Acid was estimated at $599 million in 2024; it is anticipated to increase to $977 million by 2030, with projections indicating growth to around $1.47 billion by 2035.
Report Summary
Market Data
Methodology
Table of Contents
Global Succinic Acid Market Outlook
Revenue, 2024
$599M
Forecast, 2034
$1.35B
CAGR, 2025 - 2034
8.5%
The Succinic Acid industry revenue is expected to be around $649.7 million in 2025 and expected to showcase growth with 8.5% CAGR between 2025 and 2034. The Succinic Acid market shows strong growth because it has become essential for multiple business sectors. The market expansion is driven by two main factors: the rising need for bio based chemicals because of environmental worries and government imposed regulations. The food and beverageindustry'sexpanding adoption of Succinic Acid for flavor enhancement and preservation purposes has sustained its market value. The market experiences growth because manufacturers now have access to affordable production technologies that enhance their ability to use this product.
Succinic Acid, also known as Butanedioic acid, exists as a colorless crystalline solid which functions as a dicarboxylic acid that participates in multiple biochemical reactions. The substance functions as a starting material for specific polyesters and serves as an ingredient in particular alkyd resin formulations. Succinic Acid serves multiple industrial purposes through its use as an additive and pH regulator and flavoring agent in pharmaceuticals and food and beverage and agricultural applications.
Market Key Insights
- The Succinic Acid market is projected to grow from $598.8 million in 2024 to $1.35 billion in 2034. This represents a CAGR of 8.5%, reflecting rising demand across Bio-Based Plasticizers, Food & Beverage Industry and Pharmaceuticals.
- BioAmber Inc., Myriant Corporation, Succinity GmbH are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Succinic Acid market and are expected to observe the growth CAGR of 6.2% to 8.9% between 2024 and 2030.
- Emerging markets including Brazil, Indonesia and South Africa are expected to observe highest growth with CAGR ranging between 8.2% to 10.6%.
- Transition like Shift towards Bio based Succinic Acid is expected to add $41 million to the Succinic Acid market growth by 2030.
- The Succinic Acid market is set to add $755 million between 2024 and 2034, with manufacturer targeting Food & Beverages & Personal Care Applications projected to gain a larger market share.
- With Rising demand in bio-based chemicals, and Increasing use in personal care products, Succinic Acid market to expand 126% between 2024 and 2034.
Opportunities in the Succinic Acid
The growing global food and beverage market has also increased demand for succinic acid because it serves as a flavor enhancer and food preservative. The market expansion will receive additional momentum from technological advancements in food processing and preservation methods.
Growth Opportunities in North America and Asia-Pacific
The United States along with North America represents a major market for Succinic Acid because of its strong chemical industry and increasing demand for bio based chemicals. The North American market features two major players BioAmber and Myriant who actively work to develop new bio based Succinic Acid manufacturing methods. The main applications of Succinic Acid in North America include food and beverage production and pharmaceuticals and personal care products. The North American focus on sustainable practices and carbon emission reduction creates primary market potential for bio based Succinic Acid development.
The Asia Pacific region shows rapid market expansion for Succinic Acid because China and India lead this growth. The region experiences growth because its industrial base expands while people earn more money and cities continue to develop. The market competition in this region reaches high levels because domestic and foreign businesses compete to gain control of the market. The main factors driving Succinic Acid market expansion stem from its applications across agriculture and textiles and plastic production. The transition of the region toward green chemicals and sustainable practices creates major business prospects for bio based Succinic Acid production.
Market Dynamics and Supply Chain
01
Driver: Rising Demand for Bio based Chemicals and Increased Use in Personal Care Products
The Succinic Acid market worldwide also experiences growth because of two essential market drivers. The market for Succinic Acid has also expanded because companies now choose bio based chemicals instead of petroleum based products to meet their sustainability goals. The bio based acid finds favor in industries that want to decrease their environmental impact because it originates from renewable sources and provides sustainable alternatives to petroleum based products. The personal care industry has also adopted Succinic Acid as a key ingredient because of its multiple uses. The market demand for Succinic Acid has also increased because it provides skin rejuvenation and hydration benefits which make it suitable for use in various skincare and cosmetic products.
Bio refinery technology developments have also created major changes in the Succinic Acid market sector. Bio based Succinic Acid production has also become more efficient and affordable through these technological advancements. The adoption of sustainable Succinic Acid by industries continues to rise because of its environmental benefits which leads to increased market demand.
02
Restraint: High Production Costs
The manufacturing process of succinic acid becomes expensive when using traditional petroleum based methods. The high production expenses from these methods drive up product prices which could decrease market demand.
03
Opportunity: Rising demand for bio based succinic acid in the pharmaceutical industry and Increasing use of succinic acid in the animal feed industry in emerging economies
The pharmaceutical industry now uses bio based succinic acid because it offers environmentally friendly characteristics and medical advantages. The pharmaceutical industry follows this trend because consumers increasingly seek sustainable organic products. The pharmaceutical industry will experience significant growth in drug production through the use of bio based succinic acid.
The animal feed industry of emerging markets India and China shows increasing adoption of succinic acid as a feed ingredient. The animal feed industry has adopted succinic acid because it enhances animal health and productivity thus becoming essential for animal feed production.
04
Challenge: Regulatory and Environmental Challenges
The manufacturing of succinic acid through non renewable sources generates various environmental problems. The combination of strict regulatory requirements across different regions together with the environmental issues from non renewable sources creates barriers for market expansion through production restrictions and elevated production expenses.
Supply Chain Landscape
1
Raw Material Suppliers
BioAmberReverdia
2
Producers
MyriantBASF
3
Distributors & Traders
Sigma-AldrichBrenntag
4
End Users
PharmaceuticalFood and BeverageChemical
1
Raw Material Suppliers
BioAmberReverdia
2
Producers
MyriantBASF
3
Distributors & Traders
Sigma-AldrichBrenntag
4
End Users
PharmaceuticalFood and BeverageChemical
Use Cases of Succinic Acid in Bio-Based Plasticizers & Food & Beverage Industry
Bio-Based Plasticizers : The production of bio based plasticizers depends heavily on succinic acid as a primary raw material. The industry favors these plasticizers because they stem from renewable sources and provide environmentally friendly characteristics. The bio based succinic acid used in these applications provides two main benefits through its reduced carbon emissions and enhanced biodegradable properties. BioAmber and Myriant maintain their position as leading companies through their innovative products and market dominance in this application.
Food & Beverage Industry : The food and beverage industry employs succinic acid as a substance to control acidity levels. The food grade succinic acid used in this application meets all safety requirements for human consumption. The addition of succinic acid to food and beverages creates better taste experiences for consumers. Anhui Sunsing Chemicals and Nippon Shokubai operate as leading companies in this application because they maintain strong market positions and deliver high quality products.
Pharmaceuticals : The pharmaceutical industry depends on succinic acid to create active pharmaceutical ingredients through its production processes. The pharmaceutical grade succinic acid used in this application ensures the efficacy and safety of the end products. The substance provides two main benefits to pharmaceutical products by stabilizing drugs and delivering them more effectively. Gadot Biochemical Industries and Kawasaki Kasei Chemicals operate as leading pharmaceutical companies that deliver innovative solutions to the market through their pharmaceutical products.
Recent Developments
The industrial market for Butanedioic acid has experienced major changes during the recent period because of its widespread industrial applications. The worldwide market for bio based chemical succinic acid continues to grow rapidly because it serves multiple applications in pharmaceuticals and food and beverage production and personal care products. The bio based production methods for succinic acid have become more popular because they provide environmental advantages which transformed the market dynamics. The market for succinic acid shows a growing interest in sustainable production techniques that align with green manufacturing standards.
December 2024 : BASF announced a major achievement in bio based succinic acid manufacturing through their new fermentation technology which produces higher yields while minimizing environmental effects.
October 2024 : BioAmber established itself as a leader in renewable chemicals through its launch of succinic acid based products which serve the food and beverage sector as a safe sustainable food additive solution.
August 2024 : The Biosuccinium plant operated by Reverdia which is a joint venture between DSM and Roquette underwent an expansion at its Cassano Spinola Italy facility to support increasing market needs for bio succinic acid used in plastics resins and solvents.
Impact of Industry Transitions on the Succinic Acid Market
As a core segment of the Specialty Chemicals industry,
the Succinic Acid market develops in line with broader industry shifts.
Over recent years, transitions such as Shift towards Bio based Succinic Acid and Expansion in Application Scope have redefined priorities
across the Specialty Chemicals sector,
influencing how the Succinic Acid market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift towards Bio based Succinic Acid
The succinic acid industry now produces bio based succinic acid as its main product because this sustainable alternative replaces traditional petroleum derived succinic acid. The increasing market need for environmentally friendly sustainable chemicals drives the transition toward bio based succinic acid production for pharmaceuticals and agricultural and food and beverage applications. The production of biodegradable plastics and solvents and resins through bio based succinic acid reduces environmental impact while supporting sustainable industrial operations. The succinic acid market transformation has caused associated industries to shift toward sustainable production techniques.
02
Expansion in Application Scope
The succinic acid industry has experienced a significant development through its growing range of industrial applications. The main applications of succinic acid used to be pharmaceuticals and food and beverage manufacturing but the industry now extends into cosmetics and personal care products and animal feed production. The industry has experienced a growth in application range because of technological progress and scientific studies which expanded its use into cosmetics and personal care and animal feed sectors.