Succinic Acid Market Size and Share

Succinic Acid Market Summary
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Succinic Acid Market Analysis by Mordor Intelligence

The succinic acid market size, valued at USD 293.43 million in 2025, is projected to reach USD 465.62 million by 2030, growing at a CAGR of 9.67%. The market growth is driven by the shift from petroleum-based to bio-based production methods, reduced fermentation costs, and increased corporate sustainability initiatives focusing on renewable intermediates. The market expansion is supported by increasing demand for biodegradable polymers, specifically polybutylene succinate, along with broader adoption in food and cosmetic applications. Regulatory support in Europe and North America contributes to market development. Companies are investing in advanced fermentation technologies that reduce CO₂ emissions during production, aligning with net-zero objectives. The Asia-Pacific region is establishing manufacturing centers to ensure feedstock diversity and strengthen supply chain stability.

Key Report Takeaways

  • By product type, petro-based production led with 59.42% of the succinic acid market share in 2024, while bio-based production is forecast to grow at 11.38% CAGR from 2025-2030.
  • By grade, industrial/technical grade accounted for 36.17% of the succinic acid market size in 2024; cosmetic grade is projected to expand at 10.92% CAGR during 2025-2030.
  • By application, industrial chemicals held 30.41% of the succinic acid market size in 2024, whereas personal care and cosmetics is advancing at 10.49% CAGR through 2030.
  • By geography, Europe commanded 32.09% of the succinic acid market in 2024, and Asia-Pacific is set to record the fastest 10.58% CAGR between 2025-2030.

Segment Analysis

By Product Type: Bio-Based Transformation Accelerates

Bio-based succinic acid is projected to grow at a CAGR of 11.38% during 2025-2030, while petro-based succinic acid maintains a 59.42% market share in 2024. The higher growth rate of bio-based production reflects increasing adoption of sustainable manufacturing methods, driven by regulatory requirements and corporate environmental goals. The shift toward bio-based production aligns with global sustainability initiatives and growing environmental consciousness across industries. Petro-based production retains its market leadership due to established infrastructure and lower costs, particularly in industrial applications where price sensitivity outweighs environmental concerns. 

The cost advantage of petro-based production stems from decades of process optimization and economies of scale in existing facilities. Bio-based alternatives are gaining traction in premium segments such as food, pharmaceuticals, and cosmetics, where sustainability requirements justify higher prices and consumer preferences influence purchasing decisions. These premium segments demonstrate increasing willingness to absorb the additional costs associated with bio-based production methods, driven by end-user demand for environmentally responsible products.

Succinic Acid Market: Market Share by Product Type
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By Grade: Cosmetic Applications Drive Premium Growth

Industrial/Technical Grade applications dominate with 36.17% market share in 2024. This segment dominates due to its extensive use in chemical manufacturing, polymer production, and industrial processing, where operational costs remain a primary consideration over environmental factors. The industrial/technical grade segment serves as a crucial component in manufacturing processes, particularly in the production of plastics, resins, and industrial chemicals. These applications require large volumes of raw materials to maintain continuous production cycles and meet the demands of various end-use industries. 

The Cosmetic Grade segment is expected to grow at a CAGR of 10.92% through 2030, driven by premium pricing and increased adoption in personal care formulations. This growth is primarily attributed to rising consumer demand for natural and sustainable ingredients in personal care products, particularly among younger consumers who prioritize environmental considerations in their purchasing decisions. The segment's expansion is further supported by increasing disposable income, growing awareness of clean beauty products, and stringent regulations promoting the use of eco-friendly ingredients. Manufacturers are investing in research and development to create innovative, sustainable cosmetic-grade materials that meet both performance requirements and environmental standards. Additionally, the rise of clean beauty trends and natural cosmetics has encouraged formulators to incorporate more plant-based and biodegradable ingredients, further stimulating market growth in this segment.

By Application: Personal Care Emergence Challenges Industrial Dominance

The industrial chemicals application maintain 30.41% market share in 2024. Succinic acid's versatility as a chemical intermediate has made it increasingly valuable in the production of various industrial chemicals, including solvents, lubricants, and polymers. Its bio-based production methods align with the growing global emphasis on sustainable manufacturing processes, making it an environmentally friendly alternative to petroleum-derived chemicals. Furthermore, succinic acid's role as a crucial raw material in the synthesis of biodegradable polymers, particularly PBS (Polybutylene Succinate), has expanded its market potential. The compound's applications in metal plating, coating additives, and as a corrosion inhibitor have also contributed to its growing industrial demand.

Personal Care and Cosmetics applications demonstrate the fastest growth at 10.49% CAGR for 2025-2030. Primarily, succinic acid's exceptional moisturizing and anti-aging properties have made it a sought-after ingredient in skincare formulations. Its ability to enhance skin barrier function and promote collagen production has garnered attention from leading cosmetic manufacturers. Furthermore, the increasing consumer preference for sustainable and bio-based ingredients has boosted succinic acid's appeal, as it can be produced through environmentally friendly fermentation processes. The compound's versatility as a pH adjuster, antimicrobial agent, and emollient has expanded its use across various cosmetic products, including facial creams, serums, and hair care items. 

Succinic Acid Market: Market Share by Application
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Geography Analysis

Europe commands 32.09% market share in 2024, leveraging established regulatory frameworks supporting bio-based chemicals and mature manufacturing infrastructure. Germany and France lead regional production capacity with integrated chemical complexes that facilitate downstream processing and distribution. The region's extended producer responsibility frameworks for packaging materials create preferential demand for biodegradable polymers derived from bio-based succinic acid. 

Asia-Pacific emerges as the fastest-growing region with 10.58% CAGR for 2025-2030, driven by rapid industrialization and expanding manufacturing capacity across China, India, and Southeast Asia. Hyosung's USD 1 billion investment in Vietnam for bio-based 1,4-butanediol production exemplifies the region's strategic positioning in bio-based chemical manufacturing, with the facility targeting 50,000 metric tons of annual capacity by 2026. China's dominance in chemical manufacturing provides established infrastructure for succinic acid production scale-up, while India's growing pharmaceutical and personal care industries create expanding demand for higher-grade products. The region benefits from abundant agricultural waste feedstocks, including rice straw and corn stalks that provide cost-effective raw materials for bio-based production. Government policies supporting industrial decarbonization and circular economy development create favorable conditions for bio-based chemical adoption across the region.

North America maintains a significant market presence despite facing competitive pressure from lower-cost Asian production. The U.S. Department of Agriculture's 2024 biomass supply chain report identifies abundant feedstock availability as a key competitive advantage, with established agricultural infrastructure supporting renewable raw material supply [3]Source: U.S. Department of Agriculture, “2024 Biomass Supply Chain Report,” usda.gov. The U.S. Department of Energy's sustainable chemistry roundtable prioritizes succinic acid as a platform chemical for industrial decarbonization, providing policy support for domestic production development. Canada's experience with BioAmber's failed commercialization provides lessons for risk management and market development strategies, highlighting the importance of realistic cost projections and market pricing assumptions.

Succinic Acid Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The succinic acid market maintains moderate fragmentation, with market fragmentation creating significant opportunities for industry consolidation as production technologies continue to mature and scale requirements increase. The competitive landscape is characterized by strategic partnerships between established chemical manufacturers and specialized biotechnology firms, combining large-scale manufacturing capabilities with advanced fermentation expertise to achieve commercial viability in the market.

Companies invest in technological advancements to improve fermentation efficiency and downstream processing. They focus on metabolic engineering and separation technologies to reduce production costs and enhance product quality. The industry's reorganization into Custom Solutions and Advanced Technologies segments reflects a shift toward specialization, targeting high-value applications that command premium prices.

Many Companies demonstrate a significant strategic shift by producing derivatives directly instead of commodity succinic acid, effectively avoiding commodity pricing pressures in the market. Geographic expansion strategies systematically prioritize regions with advantageous feedstock availability and supportive regulatory frameworks, particularly in Asia-Pacific markets where sustained industrial growth drives increased demand for bio-based chemicals across multiple applications.

Succinic Acid Industry Leaders

  1. Roquette Frères

  2. Mitsubishi Chemical Group

  3. Nippon Shokubai Co., Ltd.

  4. Air Water Performance Chemical Inc.

  5. Anhui Sunsing Chemicals

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

  • October 2024: Pfanstiehl, Inc., a manufacturer of injectable excipients, cGMP bioprocessing components, and active pharmaceutical ingredients (APIs), introduced High Purity Low Endotoxin Low Metals (HPLE-LMTM) Succinic Acid. The product serves pharmaceutical, biopharmaceutical, and injectable applications. Pfanstiehl's HPLE-LMTM Succinic Acid is available for research and development and commercial manufacturing scales.
  • September 2024: Lygos partnered with CJ Bio to establish 40,000 metric tons per year biobased chemicals facility in Fort Dodge, Iowa, focusing on polyaspartates and malonates production with potential expansion to 100,000 tons annually
  • May 2024: Sustainea joint venture between Braskem and Sojitz announced strategic partnership with Origin Materials for 100% bio-based materials development, highlighting expanding renewable chemicals market opportunities
  • April 2024: Evonik, a specialty chemicals company headquartered in Germany, opened its new office and R&D facility in Thane. The 100,000-square-foot Evonik India facility includes laboratories serving pharmaceutical, oral care, personal care, food, feed, and agriculture industries.

Table of Contents for Succinic Acid Industry Report

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising demand for biodegradable polymers
    • 4.2.2 Regulatory support for bio-based chemicals
    • 4.2.3 Expanding food and beverage usage as acidity regulator and flavor enhancer
    • 4.2.4 Growing demand in personal care and cosmetics
    • 4.2.5 Advancements in bio-based production technologies
    • 4.2.6 Rising demand for green solvents and industrial chemicals
  • 4.3 Market Restraints
    • 4.3.1 High production costs
    • 4.3.2 Limited commercial-scale production infrastructure
    • 4.3.3 Energy-intensive purification undermining eco-benefits
    • 4.3.4 Competition from alternative bio-based acids
  • 4.4 Supply Chain Analysis
  • 4.5 Regulatory Outlook
  • 4.6 Porter's Five Forces
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Product Type
    • 5.1.1 Petro-based
    • 5.1.2 Bio-based
  • 5.2 By Grade
    • 5.2.1 Industrial/Technical Grade
    • 5.2.2 Food Grade
    • 5.2.3 Pharmaceutical Grade
    • 5.2.4 Cosmetic Grade
  • 5.3 By Application
    • 5.3.1 Industrial Chemicals
    • 5.3.2 Food and Beverage
    • 5.3.3 Pharmaceuticals
    • 5.3.4 Personal Care and Cosmetics
    • 5.3.5 Others
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
    • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
    • 5.4.2.1 United Kingdom
    • 5.4.2.2 Germany
    • 5.4.2.3 France
    • 5.4.2.4 Italy
    • 5.4.2.5 Spain
    • 5.4.2.6 Russia
    • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia-Pacific
    • 5.4.3.1 China
    • 5.4.3.2 India
    • 5.4.3.3 Japan
    • 5.4.3.4 Australia
    • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Ranking Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials (if available), Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Roquette Freres
    • 6.4.2 Mitsubishi Chemical Group
    • 6.4.3 Nippon Shokubai Co., Ltd.
    • 6.4.4 Air Water Performance Chemical Inc.
    • 6.4.5 Jinan Finer Chemical Co., Ltd
    • 6.4.6 Anhui Sunsing Chemicals
    • 6.4.7 Haihang Group
    • 6.4.8 Henan GP Chemicals Co.,Ltd
    • 6.4.9 Kunshan Odowell Co. Ltd
    • 6.4.10 Royal DSM (Reverdia)
    • 6.4.11 Wenzhou Blue Dolphin New Material Co., Ltd
    • 6.4.12 Ensince Industry Co., Ltd
    • 6.4.13 Carl Roth GmbH + Co. KG
    • 6.4.14 Axiom Chemicals Pvt. Ltd.
    • 6.4.15 LCY Biosciences Inc.
    • 6.4.16 Fengchen Group Co.,Ltd
    • 6.4.17 Shandong Biotech
    • 6.4.18 Shandong Feiyang Chemical
    • 6.4.19 Spectrum Chemical Mfg.
    • 6.4.20 Thermo Fisher Scientific

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

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Global Succinic Acid Market Report Scope

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).

By Product Type
Petro-based
Bio-based
By Grade
Industrial/Technical Grade
Food Grade
Pharmaceutical Grade
Cosmetic Grade
By Application
Industrial Chemicals
Food and Beverage
Pharmaceuticals
Personal Care and Cosmetics
Others
By Geography
North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
By Product Type Petro-based
Bio-based
By Grade Industrial/Technical Grade
Food Grade
Pharmaceutical Grade
Cosmetic Grade
By Application Industrial Chemicals
Food and Beverage
Pharmaceuticals
Personal Care and Cosmetics
Others
By Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
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Key Questions Answered in the Report

What is the current size of the succinic acid market?

The succinic acid market stands at USD 293.43 million in 2025 and is projected to reach USD 465.62 million by 2030 at a 9.67% CAGR.

Which region leads the succinic acid market?

Europe held 32.09% of global revenue in 2024, supported by strong regulatory incentives and mature production infrastructure.

Which application segment is growing fastest?

Personal Care and Cosmetics is set to expand at a 10.49% CAGR through 2030, fueled by demand for natural and sustainable skincare ingredients.

What are the main restraints for succinic acid adoption?

High production costs, limited large-scale fermentation capacity, energy-intensive purification, and competition from other bio-acids slow near-term uptake.

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