Succinic Acid Market

Succinic Acid Market Outlook (2025 to 2035)

The succinic acid market will have a value of USD 169.9 million in 2025, according to Fact.MR analysis, it will be expanding at a CAGR of 6.5% and will reach USD 318.93 million by 2035.

The world succinic acid industry in 2024 experienced gradual growth as demand for bio-based chemicals and sustainable alternatives increased in various sectors such as food & beverages, pharmaceuticals, and biodegradable plastics. Players in the industry emphasized enhancing manufacturing processes, with most transitioning from fermentation technologies to traditional petrochemical manufacturing in response to increasing calls for sustainability.

In 2024, the sector achieved significant breakthroughs in biotechnological manufacturing processes and opened new plants and facilities, particularly in Europe and North America. Policy regarding regulation remained the key to the uptake of bio-based chemicals, enhancing industry growth.

In the years to come, looking towards 2025 and beyond, the industry will continue on its upward growth path. With an estimated compound annual growth rate (CAGR) of 6.5% from 2025 to 2035, the industry will be spurred by growing uses in pharmaceuticals, personal care, and renewable chemicals.

The trend toward green solutions, coupled with new products based on succinic acid, will most probably stimulate the industry's growth. By 2035, the industry is projected to approach doubling in size, fueled by ongoing demand for sustainable alternatives and regulatory support for renewable chemical manufacturing.

Key Metrics

Metric	Value
Industry Size (2025E)	USD 169.9 million
Industry Value (2035F)	USD 318.93 million
CAGR (2025 to 2035)	6.5%

Fact.MR Survey Results on Succinic Acid Industry Dynamics Based on Stakeholder Perspectives

Surveyed Q4 2024, n=500 Stakeholder Participants Evenly Distributed Across Manufacturers, Distributors, End Users in the U.S., Western Europe, Japan, and South Korea.

A recent survey of 500 U.S., Western European, Japanese, and South Korean stakeholders by Fact.MR gives us useful insights into the industry dynamics. The survey indicates global consensus on the highest priorities as well as regional differences in stakeholder interests and concerns.

Across all regions, sustainability is a prevalent issue, with 80% of respondents drawing attention to the need for green manufacturing techniques. Businesses globally are dedicated to the application of bio-based manufacturing methods, with 72% of stakeholders agreeing that the shift toward such methodologies is critical to keeping pace with growing environmental legislation.

In the United States, there is particular interest in investing in fermentation-based production systems, with 68% of firms naming it as their first choice for development. Western European interests also show a high preference for green solutions, with 85% of respondents appreciating conformance to stringent environmental standards.

There is a forceful focus on cost-effectiveness in South Korea and Japan, where 60% of stakeholders have shown concern at the potential for high production costs. This is in contrast to U.S. and Western European stakeholders, who are willing to pay for the utilization of better technology and higher production costs at the cost of sustainability in the future. Material choice is another point of divergence, with U.S. stakeholders wanting to utilize steel-based systems, whereas European manufacturers want to use hybrid and lightweight materials to attain production flexibility.

A common challenge across all regions is increasing raw material costs. 78% of those surveyed cited high raw material costs as a major problem, necessitating the need for improved production methods. The stakeholders further mentioned that a lack of labor within the U.S. and delays in certification within Europe are slowing down the pace, where 65% of European distributors cited regulatory barriers as a persisting problem.

Regional interests will also continue to influence future investments. U.S. players will focus more on the development of bio-based production technologies, whereas European players will focus more on the integration of green technologies. In Asia, particularly in Japan and South Korea, there is definitely a trend to simplify production processes to reduce costs and improve efficiency. Regulatory impacts will continue to be strongest in Western Europe, where tougher regulation will fuel innovation in green technology solutions.

Government Regulations

Countries	Impact of Government Regulations
United States	The US government focuses on bio-based production of chemicals using the Renewable Fuel Standard (RFS) and other state-initiated programs like California's Low Carbon Fuel Standard (LCFS). Firms have to comply with environmental norms under the EPA's Toxic Substances Control Act (TSCA). The ISO 14001 Environmental Management certification is mandated for sustainable manufacturing.
India	India is fostering sustainable development with its National Action Plan on Climate Change (NAPCC) and green chemistry programs. Although India urges firms to adopt cleaner production technologies, there are currently no strict mandatory certifications for succinic acid. The Bureau of Indian Standards (BIS) establishes some general quality regulations.
China	China's government is also promoting a green economy through policies like the 13th Five-Year Plan for Ecological and Environmental Protection. All new industrial projects, including succinic acid production, need to have mandatory environmental assessments (EIA). Some industries require certification for green production processes.
United Kingdom	Tougher regulations in the UK prioritize green sustainability and low emissions. The Carbon Price Floor and UK ETS aim to reduce industrial emissions, compelling producers of succinic acid to adopt cleaner technologies. The UK Government commonly mandates ISO 14001 certificates to ensure compliance.
Germany	Germany is a frontrunner in green technology and bio-based chemicals. Germany implements tough environmental controls under the REACH regulation (Registration, Evaluation, Authorization, and Restriction of Chemicals) for manufacturing processes. EU environmental norms commonly require manufacturers of succinic acid to comply. Certifications like EMAS (Eco-Management and Audit Scheme) are also needed.
South Korea	South Korea emphasizes environmentally friendly chemical manufacturing through its Green Technology Center. The government supports green chemical processing with the Green Certification program. Firms need to adhere to international standards, such as ISO 14001, on environmental management.
Japan	The Act on Promotion of Chemical Substances strictly regulates environmental protection in Japan. There are also strict regulations on the handling of industrial chemicals, with emphasis on green chemistry. Manufacturers must secure certifications such as the Eco Mark to comply with environmental protection standards.
France	France implements EU laws such as the REACH regulation for chemicals to ensure sustainability in the environment during production. The government has stringent legislation regarding CO₂ emissions and energy efficiency. ISO 14001 and other such certifications are prevalent within the industry to ensure compliance.
Italy	Italy adheres to the EU chemicals policy and environmental sustainability, as does France. Incentives for renewable use in industry come from national policy. Businesses need to comply with REACH and ISO 14001 environmental management.
Australia-New Zealand	Australia adheres to the National Greenhouse and Energy Reporting (NGER) Act, where large businesses are mandated to report greenhouse gas emissions and energy consumption. New Zealand also has environmental legislation that encourages sustainable production. Companies have to adhere to ISO 14001 for certification, particularly in the chemical manufacturing industry.

Industry Analysis

The succinic acid industry is poised to record continuous growth with increasing demand for bio-based chemicals and green production methods. Stringent environmental regulations and the imperative for cleaner manufacturing processes are key drivers. Companies that invest in clean production technology and green solutions will benefit, while businesses founded on traditional high-emission methods risk being hampered by regulatory forces.

Top Strategic Imperatives, Risk Assessment, and Watchlist for Stakeholders

To remain competitive in the dynamic succinic acid industry, stakeholders need to focus on innovation and sustainability in bio-based production. Firms are urged to invest in clean technologies such as fermentation technology to address increasing environmental standards and green product consumer demand.

Strategic collaboration with research institutions and the adoption of certifications such as ISO 14001 will improve credibility and positioning in the industry. Apart from this, stakeholders ought to consider looking at opportunities arising in industries like biodegradable plastics and personal care products, where the sector is gaining mass acceptance.

However, dangers like increased raw material prices and supply chain breakdowns need to be tracked. Price volatility in bio-based feedstocks and shortages of labor can put pressure on production and drive operating expenses higher. The uncertainty of regulations in major industries like Europe and the U.S. can also be a problem, with governments implementing more stringent environmental rules. Stakeholders would be required to track policy changes and industry dynamics, retaining the ability to adjust to new regulations and competitive dynamics.

Rivals must be watchful for green chemistry technology advances and watch how competitors strategize in an effort to keep up. Patterns within demand trends of Asia, China, and South Korea must be closely tracked because the countries continue to desire cost-cutting measures and sustainability solutions.

For the Boardroom

To stay ahead, businesses will need to invest in sustainable, bio-based processes for succinic acid production to meet increasing environmental regulations and consumer demands for environmentally friendly options. The transition to green chemistry and renewable feedstocks will be key to future growth. Strategic partnerships with research centers will also be important for businesses to pursue in areas like emerging products, such as biodegradable plastics and personal care products.

To avoid risks arising from supply chain breakdowns and fluctuating raw material prices, developing resilient and flexible operating strategies will be paramount. Adopting these developments will allow companies to enhance their industry positions and comply with regulatory requirements while leveraging novel growth prospects.

Segment-wise Analysis

By Type

From 2025 to 2035, bio-based succinic acid will be the most profitable segment, fueled by the worldwide drive toward sustainable and green chemicals. With growing importance placed by industries and consumers on sustainability, the bio-based succinic acid segment is expected to witness a growth rate of about 8.6% CAGR between 2025 and 2035.

With mounting pressure from regulatory authorities to minimize carbon footprints, companies are moving toward bio-based substitutes to satisfy environmental requirements. Bio-based production is made from renewable sources, which meets the growing demand for greener production methods in different industries.

By End Use

Between 2025 and 2035, the food and beverages segment will be the most profitable end use segment for succinic acid. With greater consumer sensitivity towards food quality and sustainability, the food & beverages segment is expected to increase at a CAGR of about 7.9% over 2025 to 2035, exceeding the overall industry growth rate of 6.5%.

The demand for preservatives, flavor enhancers, and acidulants in the food and beverage sector, along with the consumer trend towards natural and sustainable ingredients, is fueling this growth. Succinic acid's suitability as a functional replacement for chemical additives makes it a star player in the clean label movement, particularly for functional and organic foods.

Country-Wise Analysis

United States

Fact.MR predicts the U.S. industry will grow at a robust CAGR of 5.2% between 2025 and 2035, driven by increasing demand for green and eco-friendly alternatives. Regulatory pressure and the rising trend toward green chemistry in manufacturing are expected to support the expansion of renewable-based production processes.

In particular, the U.S. transition toward bio-based chemicals will play a crucial role as companies try to tackle both environmental regulations and consumers' need for more eco-friendly products. In addition, increasing the demand for clean-label ingredients in foods and beverages will assist the development of alternative ingredients, propelling the industry.

India

In India, the landscape is poised for rapid growth with a CAGR of 7.1% between 2025 and 2035. Growth drivers are due to rapid industrialization, increased demand for eco-friendly products, and an expanding food and beverage industry.

With the strengthening regulatory framework of the country, there will be a visible push towards green and sustainable practices in manufacturing, fueling the shift towards renewable energy. Furthermore, India's growing middle class and urbanization will keep driving demand for products that emphasize health-oriented and sustainable ingredients, particularly in the food and beverage arena.

China

China's strategic initiative to reduce carbon emissions and improve environmental management has overlapped with the transition to bio-based manufacturing processes. Country’s revenue for the industry will grow at a CAGR of 6.7% during the forecast period with ongoing investment in sustainability and environmentally friendly manufacturing practices.

The biggest industrial hub globally, China, is experiencing increased need for alternative chemicals as a result of demand for cleaner and greener products for the food, drink, and personal care industries. Favorable government policies that facilitate green technologies will also underpin this growth in the industry. that facilitate

United Kingdom

The UK’s succinic acid industry forecast is expected to grow at a high CAGR of 6.3% over the assessment period. While the U.K. continues to be at the forefront of green development, the need for green ingredients is becoming increasingly evident in foods, beverages, and personal care products.

Production processes with diminishing emissions and stringent environmental laws will drive the move toward bio-based solutions. Additionally, the country's net-zero emissions target will promote the use of cleaner chemical alternatives within industries, fueling industry expansion.

Germany

As the largest economy in Europe, Germany persists in prioritizing sustainability, with several policies supporting bio-based production. In response, the food and beverage sector is facing increasing demand for sustainable and clean-label products. Industry in Germany is anticipated to record consistent growth at a CAGR of 5.5% between 2025 and 2035.

With its well-developed infrastructure for green manufacturing and innovation, Germany will continue to be a key driver of the utilization of renewable resources across various industries. Increasing investment in green technologies and sustainable chemicals will drive long-term industry growth.

South Korea

The regulatory environment is steadily shifting toward green solutions, particularly in the food and beverage sector, where clean-label ingredients are growing in popularity. Additionally, South Korea's thriving tech ecosystem will witness innovations in production processes that facilitate more sustainable and efficient alternatives.

The landscape in South Korea is anticipated to grow at a CAGR of 6.0% during the period from 2025 to 2035, driven by the rapid advancements in green technologies and biotechnology in the country. South Korea is placing focus on building its sustainable production capability, with growing investment in renewable feedstocks and bio-based products.

Japan

The industry in Japan will expand at a CAGR of 5.8% from 2025 to 2035, driven by strong environmental sustainability and green chemistry commitment. The country has ambitious greenhouse gas emissions reduction and renewable energy development plans, which are in line with a bio-based chemicals transition.

The food and beverage sector, where natural ingredients are increasingly in demand, will be a growth driver. Japan's biotechnology manufacturing process innovation will also propel the transition to green and sustainable products.

France

The French government's commitment to sustainability and reducing carbon footprints is forcing industries to adopt bio-based alternatives. France is also a front-runner nation in the European Union's Green Deal, which includes stringent regulations on emissions and green manufacturing processes. These rules are encouraging the application of bio-based production methods, particularly in industries such as food and beverages and cosmetics, where demand for green products is increasing. The sector in France is projected to achieve a CAGR of 6.2% during the forecast period.

Italy

Sales in Italy are expected to advance at a CAGR of 5.4% between 2025 and 2035, spurred by mounting focus on sustainability and green substitutes. The Italian food and beverage industry, which specializes in high-quality products made of natural ingredients, will continue to see demand for bio-based chemicals and clean-label products.

Italy is also one of the leading participants in the international cosmetics industry, where increased demand for natural, sustainable ingredients is on the rise. The regulatory environment within the country is becoming more oriented towards greener production processes and thus towards more extensive industry growth.

Australia-New Zealand

The landscape in both Australia and New Zealand will grow at a rate of 5.9% CAGR from 2025 to 2035, as both countries are focusing on sustainability to a large extent and taking care of the environment. Both countries enjoy robust regulatory backing for green manufacturing processes and bio-based products.

Both types of products enjoy special regulatory backing in the food and beverage industry. Industries are evolving in accordance with the needs of consumers for eco-friendly and natural products, as the need keeps increasing. Both countries will continue to grow as they adopt green technologies and enact strict environmental laws. The industry scenario will turn sustainable and green.

Competitive Landscape of the Succinic Acid Industry

The industry is moderately concentrated, with global chemical giants and specialty bio-based businesses leading it. Even though multinationals with strong industry shares lead the sector, nascent bio-succinic acid players are making a splash, especially in the green and sustainable industries.

Industry participants are highlighting low-cost production processes, biotechnology, and collaborative partnerships in advancing their interests. Competitive leverage is based on price positions, renewable feedstock usage, and strict environmental compliance. Growth into fast-growing end-use industries such as biodegradable plastics, pharmaceuticals, and food additives continues to be emphasized.

In 2024, BASF SE increased Europe's capacity for the production of bio-succinic acid to accommodate increasing demand for sustainable chemical intermediates in the packaging and automotive sectors. Roquette Frères introduced a new ultra-pure grade of bio-succinic acid in early 2024 for use in drugs and foods.

Corbion NV worked more closely with a local biochemical company in Asia to lower production costs and improve the supply chain for bio-succinic acid. Mitsubishi Chemical Corporation did, however, invest in the development and research of catalytic conversion technologies as a way to enhance yield efficiency in the manufacturing process.

Competition Analysis of the Succinic Acid Industry

BASF SE (20-25% industry share) will continue to be the world succinic acid industry leader in 2025 because of robust demand for bio-based chemical intermediates, especially in Europe and North America. Its production activities are driven by sustainability, along with collaborations with automobile companies and the packaging industry, which will strengthen its leadership. Roquette Frères (15-20%) will remain the industry leader in pharma and food-grade end-use high-purity bio-succinic acid. Its APAC expansion and R&D investment will propel growth in specialty, high-margin business segments.

Corbion NV (10-15%) will be the industry leader in the bio-succinic acid business with cost-effective manufacturing at prices and astute joint ventures in Asia. Its emphasis on renewable feedstocks and biodegradable plastics will make it possible for sustainability-driven industries. Mitsubishi Chemical Corporation (8-12%) will gain industry share through next-generation catalytic conversion technology and high-yield chemical and industrial manufacturing. Competitive positioning will be rooted in its Japan domestic industry and expanding North American footprint.

LCY Biosciences (previously known as BioAmber) will concentrate on producing large amounts of bio-succinic acid while keeping costs low and improving the supply chain to shake up the bulk chemical and polymer industries. On the other hand, Succinity GmbH (BASF-Corbion joint venture) (5-8%) will target specialty applications in food ingredients and personal care, utilizing its technology on succinic acid sourced through fermentation to achieve competitiveness in specialty industries.

Reverdia (DSM & Roquette), new players in the industry, will increase competition in sustainable and bio-based succinic acid by focusing on advanced fermentation technologies and operating in rapidly growing regions.

Other Key Players

• Thyssenkrupp AG
• Kawasaki Kasei Chemicals
• Nippon Shokubai Co. Ltd
• Ernesto Ventós S.A.
• Spectrum Chemical Manufacturing Corp
• Fuso Chemical Co., Ltd
• R-Biopharm AG
• ESIM Chemicals
• Anhui Sunsing Chemicals Co., Ltd
• Novomer Inc.
• DuPont
• Cargill
• ADM (Archer Daniels Midland)
• DSM
• Genomatica
• LyondellBasell
• NatureWorks
• Evonik Industries
• Bayer
• Braskem
• Fujifilm
• Solvay

Segmentation

• By Type :

  • Petro-based Succinic Acid
  • Bio-based Succinic Acid

• By End Use :

  • Industrial Sector
  • Coatings
  • Food & Beverages
  • Cosmetics
  • Other End Uses

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA