Bio-Based Succinic Acid Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 9.1% from 2026 to 2033.
The global bio based succinic acid market was valued at approximately USD 50 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of around 25% from 2023 to 2030. The increasing demand for eco friendly chemicals and the rising trend towards sustainable production processes are key drivers for market growth. As industries seek alternatives to petroleum based chemicals, bio based succinic acid offers a promising solution due to its wide range of applications in biodegradable plastics, food & beverages, and pharmaceuticals. Additionally, favorable government policies and initiatives promoting renewable bio based chemicals are contributing to the expansion of the market. Regionally, North America and Europe dominate the bio based succinic acid market, accounting for significant shares due to the strong presence of key players and extensive R&D activities. North America held a market share of approximately 35% in 2022, while Europe followed closely with a 32% share. Meanwhile, the Asia Pacific region is expected to witness the fastest growth, driven by increasing industrialization, growing consumer awareness, and a shift towards bio based products in countries like China and India. The regional demand for bio based succinic acid is expected to rise at a CAGR of 28% during the forecast period, with major opportunities arising in emerging economies where environmental regulations are becoming more stringent.
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BASF
DowDuPont
Koninklijke DSM
Mitsui Chemicals
BioAmber
Corbion
Myriant
Roquette
Lixing Chemical
Anqing Hexing Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bio-Based Succinic Acid Market
Food and Beverages
Pharmaceutical Industry
Biodegradable Plastics
Cosmetics and Personal Care Products
Chemicals and Adhesives
Automotive
Industrial Equipment
Electronics and Electrical
Textiles
Agriculture and Fertilizers
Bio-Based Succinic Acid Powder
Liquid Type Bio-Based Succinic Acid
Bio-Based Succinic Acid Blends
Corn-based Succinic Acid
Sugarcane-based Succinic Acid
Sugar Beet-based Succinic Acid
Cellulose-based Succinic Acid
Fermentation-based Production
Chemical Synthesis
Catalytic Transformation
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bio-Based Succinic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bio-Based Succinic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bio-Based Succinic Acid Market, By Type
6. Global Bio-Based Succinic Acid Market, By Application
7. Global Bio-Based Succinic Acid Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Bio-Based Succinic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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