Succinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Bio Succinic Acid Market Forecast and is Segmented by Type (Bio-Based and Petro-Based); Application (Food and Beverage, Pharmaceutical, Industrial, and Other Applications); and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The market size is provided in terms of value in (USD million) during the forecasted years for the above segments.

Succinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Succinic Acid Market Size

Succinic Acid Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.20 %
Fastest Growing Market Asia Pacific
Largest Market Europe
Market Concentration Low

Major Players

Succinic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Succinic Acid Market with other markets in Food & Beverage Industry

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Succinic Acid Market Analysis

The Succinic Acid Market is expected to register a CAGR of 7.2% during the forecast period.

  • Succinic acid is a typical organic acid that can be used as a precursor to creating a variety of chemicals, including solvents, fragrances, lacquers, plasticizers, dyes, and photographic chemicals in the food, chemical, and pharmaceutical sectors. Aside from being an antibiotic, succinic acid is also a treatment. 
  • Succinic acid can be used as an acidifier and taste enhancer in food like relishes, beverages, and sausages. The potential use of succinic acid as starting feedstock for the production of industrial chemicals and consumer products with large markets was the main driver that launched the development of technology for bio-based succinic acid production.
  • Due to its wide range of applications in various chemical processes, this product's applications go beyond just items and extend to include the human body. By administering the acid to the skin, joint and arthritis pain can be relieved. It greatly aids in fading any skin scars and lessens the effects of aging. Finding alternatives to hazardous chemicals for the environment and human health has become more important due to growing public concern. 
  • Numerous additional compounds are used in the manufacture of succinic acid. It consequently has a negative impact on the immediate area as well as the environment as a whole. The demand for acid replacements increased as a result. Bio-succinic acid is one such replacement. Climate change is lessened by bio-succinic acid synthesis. Using waste streams, the acid that replaces the use of petrochemicals ensures a clean environment. Many substances that have the potential to harm the environment are thought to be suitable replacements for bio-succinic acid.

Succinic Acid Industry Overview

A diversified product portfolio, high depth in application reach, and technical assistance to customers are the factors responsible for strengthening the position of these companies in the succinic acid market. The players in the market have also been adopting various organic and inorganic growth strategies, such as partnership, agreement, and expansion, to enhance their current position in the succinic acid market. Major succinic acid market players include PTT Public Company Limited (Myriant), Reverdia, Corbion N.V., BASF DE, and Mitsubishi Chemical Corporation.

Succinic Acid Market Leaders

  1. Reverdia

  2. Corbion N.V.

  3. PTT Public Company Limited (Myriant)

  4. BASF SE

  5. Mitsubishi Chemical Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Succinic Acid Market Concentration
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Succinic Acid Market News

  • In August 2022, A technology solution has been added to Technip Energies' expanding portfolio of sustainable chemicals with the acquisition of Biosuccinium technology from DSM. The newly acquired method commercially referenced the production of bio-based succinic acid (bio-SAc), which is used as a feedstock for the manufacturing of polybutylene succinate.
  • In September 2021, in order to expand the production of alkenyl succinic anhydride sizing agent (ASA) in China, Kemira announced a large investment. The third production line is expected to significantly increase Kemira's ASA production capacity at the company's cutting-edge Nanjing facility in Jiangsu province.
  • In August 2021, LCY Biosciences acquired BioAmber's biobased succinic acid plant in Sarnia (Ontario, Canada). The company now produces 18 kilotons. It aims to produce 30 kilotons by the end of 2023.

Succinic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Bio-based
    • 5.1.2 Petro-based
  • 5.2 Application
    • 5.2.1 Food and Beverage
    • 5.2.2 Pharmaceutical
    • 5.2.3 Industrial
    • 5.2.4 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 United Kingdom
    • 5.3.2.2 Germany
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Italy
    • 5.3.2.6 Spain
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 India
    • 5.3.3.2 China
    • 5.3.3.3 Japan
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 South Africa
    • 5.3.5.2 Saudi Arabia
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 BASF SE
    • 6.3.2 Myriant
    • 6.3.3 Succinity Gmbh
    • 6.3.4 Reverdia
    • 6.3.5 Nippon Shokubai
    • 6.3.6 Mitsubishi Chemical Corporation
    • 6.3.7 Kawasaki Kasei Chemicals Ltd
    • 6.3.8 Linyi Lixing Chemical Co. Ltd
    • 6.3.9 Anhui Sunsing Chemicals
    • 6.3.10 Gadiv Petrochemical Industries Ltd
    • 6.3.11 Corbion N.V.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Succinic Acid Industry Segmentation

Succinic acid is an organic acid that occurs naturally and can be synthesized for the usage of generating solvents, dyes, photographic chemicals, etc.

The succinic acid market is segmented by type and application. Based on type, the market is segmented into bio-based and petro-based. Based on application, the market is segmented into food and beverage, pharmaceutical, industrial, and other applications. Also, the study provides an analysis of the succinic acid market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, Middle-East and Africa. 

For each segment, the market sizing and forecasts have been done based on value (in USD million).

Type Bio-based
Petro-based
Application Food and Beverage
Pharmaceutical
Industrial
Other Applications
Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific India
China
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East and Africa South Africa
Saudi Arabia
Rest of Middle-East and Africa
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Succinic Acid Market Research FAQs

What is the current Succinic Acid Market size?

The Succinic Acid Market is projected to register a CAGR of 7.2% during the forecast period (2025-2030)

Who are the key players in Succinic Acid Market?

Reverdia, Corbion N.V., PTT Public Company Limited (Myriant), BASF SE and Mitsubishi Chemical Corporation are the major companies operating in the Succinic Acid Market.

Which is the fastest growing region in Succinic Acid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Succinic Acid Market?

In 2025, the Europe accounts for the largest market share in Succinic Acid Market.

What years does this Succinic Acid Market cover?

The report covers the Succinic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Succinic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Succinic Acid Industry Report

The succinic acid market is experiencing robust growth, driven by its expanding applications across diverse industries such as pharmaceuticals, construction, food and beverage, and personal care. This growth is further fueled by a shift from petro-based to bio-based succinic acid, reflecting a rising consumer preference for sustainable and eco-friendly products. This trend is particularly strong in regions with strict environmental regulations aimed at reducing carbon emissions and promoting organic products. The industrial segment captures a significant portion of the succinic acid market share, with succinic acid being crucial in the production of chemicals like 1,4-butanediol (BDO), polyurethane, and tetrahydrofuran. The coatings segment also shows strong demand, spurred by increasing infrastructure activities and automotive production, especially in rapidly urbanizing areas. The competitive landscape features several multinational corporations striving to enhance their market positions through strategic expansions, partnerships, and innovations in production technologies. For detailed statistics on the succinic acid market size, share, and revenue growth rate, consult the Mordor Intelligence™ Industry Reports. These reports provide a market forecast outlook and historical overview. Download a free report PDF sample to gain more insights into the succinic acid market dynamics and future prospects.