Product Code: ETC13295413 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Bio-Based Succinic Acid Market was valued at USD 1.5 Billion in 2024 and is expected to reach USD 3.2 Billion by 2031, growing at a compound annual growth rate of 10.00% during the forecast period (2025-2031).
The global bio-based succinic acid market is witnessing significant growth due to increasing demand for sustainable and eco-friendly products across various industries including chemicals, pharmaceuticals, and food & beverages. Bio-based succinic acid is derived from renewable feedstocks such as corn, sugarcane, and wheat, making it a preferred alternative to petroleum-based succinic acid. Factors such as growing environmental concerns, stringent regulations on carbon emissions, and the shift towards green chemistry practices are driving the market expansion. Key players in the industry are investing in research and development initiatives to enhance production techniques and expand their product portfolios. The market is expected to continue growing as more companies adopt bio-based succinic acid to meet consumer demand for environmentally friendly solutions.
The Global Bio-Based Succinic Acid Market is experiencing a growth trend driven by increasing demand for sustainable and eco-friendly products in various industries such as chemicals, pharmaceuticals, and food & beverage. The market is benefiting from the shift towards bio-based chemicals due to environmental concerns and regulatory pressure to reduce carbon emissions. Additionally, the rising adoption of bio-based succinic acid in the production of bioplastics, polyurethanes, and resins presents significant opportunities for market expansion. Key players in the market are focusing on developing innovative production methods and expanding their product portfolios to cater to the growing demand for bio-based succinic acid. Overall, the Global Bio-Based Succinic Acid Market is poised for continued growth and offers promising prospects for industry players and investors.
In the Global Bio-Based Succinic Acid Market, some key challenges include the high production costs associated with bio-based succinic acid compared to fossil fuel-based alternatives, which can hinder widespread adoption. Additionally, the limited scalability of bio-based succinic acid production processes poses a challenge in meeting the growing demand from various industries such as pharmaceuticals, food and beverage, and agriculture. Another challenge is the need for continuous research and development efforts to improve the efficiency and sustainability of bio-based succinic acid production methods to remain competitive in the market. Regulatory hurdles and the lack of standardized quality control measures also present obstacles in the market`s growth and acceptance among end-users.
The Global Bio-Based Succinic Acid Market is primarily driven by the increasing demand for sustainable and eco-friendly chemicals in various industries such as pharmaceuticals, food & beverages, and cosmetics. Bio-based succinic acid is gaining popularity due to its renewable nature, lower carbon footprint, and biodegradability compared to traditional petroleum-based succinic acid. Additionally, stringent environmental regulations promoting the use of bio-based products, along with growing consumer awareness and preference for environmentally friendly alternatives, are further fueling the market growth. The rising focus on reducing dependence on fossil fuels and the shift towards a circular economy are also significant drivers propelling the adoption of bio-based succinic acid in various applications globally.
Government policies related to the Global Bio-Based Succinic Acid Market primarily focus on promoting sustainable and renewable sources of production to reduce carbon emissions and foster a more environmentally friendly industry. Initiatives such as tax incentives, subsidies, and regulations support the development and adoption of bio-based succinic acid as a greener alternative to traditional petrochemical-derived succinic acid. Various countries have implemented strategies to incentivize research and development in bio-based chemicals, encourage investment in biorefineries, and establish sustainability targets for the chemical industry. These policies aim to drive innovation, enhance competitiveness, and contribute to the overall shift towards a more sustainable economy and supply chain in the bio-based succinic acid market.
The Global Bio-Based Succinic Acid Market is expected to witness significant growth in the coming years due to increasing consumer preference for sustainable products and the rising awareness about environmental conservation. The market is projected to be driven by the growing demand for bio-based chemicals in various industries such as pharmaceuticals, food and beverage, and personal care. Additionally, government initiatives promoting the use of bio-based chemicals and the shift towards a circular economy are expected to further propel market growth. Advancements in biotechnology and the development of cost-effective manufacturing processes are also likely to contribute to the expansion of the bio-based succinic acid market. Overall, the market is anticipated to experience steady growth as more companies adopt sustainable practices and consumers increasingly prioritize eco-friendly products.
In the Global Bio-Based Succinic Acid Market, Asia-Pacific is expected to witness significant growth due to the increasing demand for sustainable chemicals in countries like China and India. North America is also a key region with a strong presence of bio-based chemical manufacturers. Europe is leading in terms of strict environmental regulations and government support for bio-based products. The Middle East and Africa region is gradually adopting bio-based succinic acid owing to its potential as a renewable and eco-friendly alternative. Latin America is showing promising growth potential driven by the rising awareness of sustainable practices among consumers and industries. Overall, the global bio-based succinic acid market is witnessing growth across all regions, with varying levels of adoption and market maturity.
Global Bio-Based Succinic Acid Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Bio-Based Succinic Acid Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Bio-Based Succinic Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Global Bio-Based Succinic Acid Market - Industry Life Cycle |
3.4 Global Bio-Based Succinic Acid Market - Porter's Five Forces |
3.5 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By Source Type, 2021 & 2031F |
3.7 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
3.10 Global Bio-Based Succinic Acid Market Revenues & Volume Share, By Environmental Impact, 2021 & 2031F |
4 Global Bio-Based Succinic Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Bio-Based Succinic Acid Market Trends |
6 Global Bio-Based Succinic Acid Market, 2021 - 2031 |
6.1 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Corn-Based, 2021 - 2031 |
6.1.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Biomass-Based, 2021 - 2031 |
6.1.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Sugar-Based, 2021 - 2031 |
6.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Plastics, 2021 - 2031 |
6.2.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Coatings, 2021 - 2031 |
6.2.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Adhesives, 2021 - 2031 |
6.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Packaging, 2021 - 2031 |
6.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Fermentation, 2021 - 2031 |
6.4.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Catalysis, 2021 - 2031 |
6.4.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Biocatalysis, 2021 - 2031 |
6.5 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Biodegradable, 2021 - 2031 |
6.5.3 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Renewable, 2021 - 2031 |
6.5.4 Global Bio-Based Succinic Acid Market, Revenues & Volume, By Low Emission, 2021 - 2031 |
7 North America Bio-Based Succinic Acid Market, Overview & Analysis |
7.1 North America Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
7.2 North America Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
7.4 North America Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
7.6 North America Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
7.7 North America Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
8 Latin America (LATAM) Bio-Based Succinic Acid Market, Overview & Analysis |
8.1 Latin America (LATAM) Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
8.4 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
8.6 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
8.7 Latin America (LATAM) Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
9 Asia Bio-Based Succinic Acid Market, Overview & Analysis |
9.1 Asia Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
9.4 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
9.6 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
9.7 Asia Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
10 Africa Bio-Based Succinic Acid Market, Overview & Analysis |
10.1 Africa Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
10.4 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
10.6 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
10.7 Africa Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
11 Europe Bio-Based Succinic Acid Market, Overview & Analysis |
11.1 Europe Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
11.4 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
11.6 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
11.7 Europe Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
12 Middle East Bio-Based Succinic Acid Market, Overview & Analysis |
12.1 Middle East Bio-Based Succinic Acid Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Bio-Based Succinic Acid Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By Source Type, 2021 - 2031 |
12.4 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By End User, 2021 - 2031 |
12.6 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By Production Method, 2021 - 2031 |
12.7 Middle East Bio-Based Succinic Acid Market, Revenues & Volume, By Environmental Impact, 2021 - 2031 |
13 Global Bio-Based Succinic Acid Market Key Performance Indicators |
14 Global Bio-Based Succinic Acid Market - Export/Import By Countries Assessment |
15 Global Bio-Based Succinic Acid Market - Opportunity Assessment |
15.1 Global Bio-Based Succinic Acid Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Bio-Based Succinic Acid Market Opportunity Assessment, By Source Type, 2021 & 2031F |
15.3 Global Bio-Based Succinic Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Bio-Based Succinic Acid Market Opportunity Assessment, By End User, 2021 & 2031F |
15.5 Global Bio-Based Succinic Acid Market Opportunity Assessment, By Production Method, 2021 & 2031F |
15.6 Global Bio-Based Succinic Acid Market Opportunity Assessment, By Environmental Impact, 2021 & 2031F |
16 Global Bio-Based Succinic Acid Market - Competitive Landscape |
16.1 Global Bio-Based Succinic Acid Market Revenue Share, By Companies, 2024 |
16.2 Global Bio-Based Succinic Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |