Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 112 Pages
Report ld: 4185814
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Bio-based Succinic Acid Market Size(US$)

CAGR 2025-2031
9.4%
Market Size,2031
USD 124
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Bio-based Succinic Acid was estimated to be worth US$ 66.5 million in 2024 and is forecast to a readjusted size of US$ 124 million by 2031 with a CAGR of 9.4% during the forecast period 2025-2031.
Bio-based succinic acid is succinic acid (C₄H₆O₄) that is derived from renewable biological sources, such as plants, algae, or microorganisms, rather than from fossil fuel-based (petrochemical) sources. It is produced using biotechnological processes, primarily fermentation, where renewable feedstocks like sugarcane, corn, or biomass are converted into succinic acid through the action of specific microorganisms (such as bacteria or fungi). This process offers a more sustainable and environmentally friendly alternative to traditional methods, which rely on petroleum-based feedstocks.
Bio-based succinic acid has the same chemical structure and properties as its petrochemical counterpart but is considered more eco-friendly because it is derived from renewable resources, thereby contributing to a reduction in carbon emissions and supporting the transition to a circular economy.
Sustainability and Green Chemistry: As industries and consumers increasingly prioritize environmental concerns, the demand for bio-based, renewable chemicals, including succinic acid, is on the rise. Bio-based succinic acid reduces reliance on fossil fuels and helps lower greenhouse gas emissions, which is a key selling point in the transition toward sustainability.
Rise of Bioplastics: Bio-based succinic acid is a key feedstock in the production of biodegradable plastics (such as polybutylene succinate, or PBS), which are gaining popularity as alternatives to traditional, petroleum-based plastics. The growing environmental concerns over plastic waste are a major driver behind this demand.
Government Regulations and Incentives: Governments worldwide are implementing policies and regulations to support the use of renewable chemicals and bio-based materials. Subsidies, grants, and tax incentives for companies developing bio-based alternatives encourage the growth of the bio-based succinic acid market.
Consumer Demand for Eco-friendly Products: There is an increasing consumer preference for products made from sustainable, bio-based materials, including plastics, pharmaceuticals, and cosmetics, which drives the demand for bio-based succinic acid.
The core manufacturers of bio-based succinic acid in the world include LCY Biosciences (BioAmber), Reverdia, Nippon Shokubai, Shandong Feiyang, etc. The top five manufacturers account for about 70% of the global market share.
This report aims to provide a comprehensive presentation of the global market for Bio-based Succinic Acid, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Bio-based Succinic Acid by region & country, by Type, and by Application.
The Bio-based Succinic Acid market size, estimations, and forecasts are provided in terms of sales volume (Tons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bio-based Succinic Acid.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Bio-based Succinic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Bio-based Succinic Acid in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Bio-based Succinic Acid in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
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TABLE OF CONTENTS
1 Market Overview
1.1 Bio-based Succinic Acid Product Introduction
1.2 Global Bio-based Succinic Acid Market Size Forecast
1.2.1 Global Bio-based Succinic Acid Sales Value (2020-2031)
1.2.2 Global Bio-based Succinic Acid Sales Volume (2020-2031)
1.2.3 Global Bio-based Succinic Acid Sales Price (2020-2031)
1.3 Bio-based Succinic Acid Market Trends & Drivers
1.3.1 Bio-based Succinic Acid Industry Trends
1.3.2 Bio-based Succinic Acid Market Drivers & Opportunity
1.3.3 Bio-based Succinic Acid Market Challenges
1.3.4 Bio-based Succinic Acid Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Bio-based Succinic Acid Players Revenue Ranking (2024)
2.2 Global Bio-based Succinic Acid Revenue by Company (2020-2025)
2.3 Global Bio-based Succinic Acid Players Sales Volume Ranking (2024)
2.4 Global Bio-based Succinic Acid Sales Volume by Company Players (2020-2025)
2.5 Global Bio-based Succinic Acid Average Price by Company (2020-2025)
2.6 Key Manufacturers Bio-based Succinic Acid Manufacturing Base and Headquarters
2.7 Key Manufacturers Bio-based Succinic Acid Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Bio-based Succinic Acid
2.9 Bio-based Succinic Acid Market Competitive Analysis
2.9.1 Bio-based Succinic Acid Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Bio-based Succinic Acid Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Bio-based Succinic Acid as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Fermentation Process
3.1.2 Enzymatic Processes
3.1.3 Genetically Engineered Microorganisms
3.1.4 Others
3.2 Global Bio-based Succinic Acid Sales Value by Type
3.2.1 Global Bio-based Succinic Acid Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Bio-based Succinic Acid Sales Value, by Type (2020-2031)
3.2.3 Global Bio-based Succinic Acid Sales Value, by Type (%) (2020-2031)
3.3 Global Bio-based Succinic Acid Sales Volume by Type
3.3.1 Global Bio-based Succinic Acid Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Bio-based Succinic Acid Sales Volume, by Type (2020-2031)
3.3.3 Global Bio-based Succinic Acid Sales Volume, by Type (%) (2020-2031)
3.4 Global Bio-based Succinic Acid Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial
4.1.2 Pharmaceutical
4.1.3 Personal Care
4.1.4 Solvents and Chemicals
4.1.5 Others
4.2 Global Bio-based Succinic Acid Sales Value by Application
4.2.1 Global Bio-based Succinic Acid Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Bio-based Succinic Acid Sales Value, by Application (2020-2031)
4.2.3 Global Bio-based Succinic Acid Sales Value, by Application (%) (2020-2031)
4.3 Global Bio-based Succinic Acid Sales Volume by Application
4.3.1 Global Bio-based Succinic Acid Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Bio-based Succinic Acid Sales Volume, by Application (2020-2031)
4.3.3 Global Bio-based Succinic Acid Sales Volume, by Application (%) (2020-2031)
4.4 Global Bio-based Succinic Acid Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Bio-based Succinic Acid Sales Value by Region
5.1.1 Global Bio-based Succinic Acid Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Bio-based Succinic Acid Sales Value by Region (2020-2025)
5.1.3 Global Bio-based Succinic Acid Sales Value by Region (2026-2031)
5.1.4 Global Bio-based Succinic Acid Sales Value by Region (%), (2020-2031)
5.2 Global Bio-based Succinic Acid Sales Volume by Region
5.2.1 Global Bio-based Succinic Acid Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Bio-based Succinic Acid Sales Volume by Region (2020-2025)
5.2.3 Global Bio-based Succinic Acid Sales Volume by Region (2026-2031)
5.2.4 Global Bio-based Succinic Acid Sales Volume by Region (%), (2020-2031)
5.3 Global Bio-based Succinic Acid Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Bio-based Succinic Acid Sales Value, 2020-2031
5.4.2 North America Bio-based Succinic Acid Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Bio-based Succinic Acid Sales Value, 2020-2031
5.5.2 Europe Bio-based Succinic Acid Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Bio-based Succinic Acid Sales Value, 2020-2031
5.6.2 Asia Pacific Bio-based Succinic Acid Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Bio-based Succinic Acid Sales Value, 2020-2031
5.7.2 South America Bio-based Succinic Acid Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Bio-based Succinic Acid Sales Value, 2020-2031
5.8.2 Middle East & Africa Bio-based Succinic Acid Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Bio-based Succinic Acid Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Bio-based Succinic Acid Sales Value
6.2.1 Key Countries/Regions Bio-based Succinic Acid Sales Value, 2020-2031
6.2.2 Key Countries/Regions Bio-based Succinic Acid Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Bio-based Succinic Acid Sales Value, 2020-2031
6.3.2 United States Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Bio-based Succinic Acid Sales Value, 2020-2031
6.4.2 Europe Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Bio-based Succinic Acid Sales Value, 2020-2031
6.5.2 China Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.5.3 China Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Bio-based Succinic Acid Sales Value, 2020-2031
6.6.2 Japan Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Bio-based Succinic Acid Sales Value, 2020-2031
6.7.2 South Korea Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Bio-based Succinic Acid Sales Value, 2020-2031
6.8.2 Southeast Asia Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Bio-based Succinic Acid Sales Value, 2020-2031
6.9.2 India Bio-based Succinic Acid Sales Value by Type (%), 2024 VS 2031
6.9.3 India Bio-based Succinic Acid Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 LCY Biosciences(BioAmber)
7.1.1 LCY Biosciences(BioAmber) Company Information
7.1.2 LCY Biosciences(BioAmber) Introduction and Business Overview
7.1.3 LCY Biosciences(BioAmber) Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 LCY Biosciences(BioAmber) Bio-based Succinic Acid Product Offerings
7.1.5 LCY Biosciences(BioAmber) Recent Development
7.2 Succinity GmbH
7.2.1 Succinity GmbH Company Information
7.2.2 Succinity GmbH Introduction and Business Overview
7.2.3 Succinity GmbH Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Succinity GmbH Bio-based Succinic Acid Product Offerings
7.2.5 Succinity GmbH Recent Development
7.3 Roquette(Reverdia)
7.3.1 Roquette(Reverdia) Company Information
7.3.2 Roquette(Reverdia) Introduction and Business Overview
7.3.3 Roquette(Reverdia) Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Roquette(Reverdia) Bio-based Succinic Acid Product Offerings
7.3.5 Roquette(Reverdia) Recent Development
7.4 Technip Energies
7.4.1 Technip Energies Company Information
7.4.2 Technip Energies Introduction and Business Overview
7.4.3 Technip Energies Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Technip Energies Bio-based Succinic Acid Product Offerings
7.4.5 Technip Energies Recent Development
7.5 Nippon Shokubai
7.5.1 Nippon Shokubai Company Information
7.5.2 Nippon Shokubai Introduction and Business Overview
7.5.3 Nippon Shokubai Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Nippon Shokubai Bio-based Succinic Acid Product Offerings
7.5.5 Nippon Shokubai Recent Development
7.6 Feiyang Chemical
7.6.1 Feiyang Chemical Company Information
7.6.2 Feiyang Chemical Introduction and Business Overview
7.6.3 Feiyang Chemical Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Feiyang Chemical Bio-based Succinic Acid Product Offerings
7.6.5 Feiyang Chemical Recent Development
7.7 Sunsing Chemicals
7.7.1 Sunsing Chemicals Company Information
7.7.2 Sunsing Chemicals Introduction and Business Overview
7.7.3 Sunsing Chemicals Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Sunsing Chemicals Bio-based Succinic Acid Product Offerings
7.7.5 Sunsing Chemicals Recent Development
7.8 Jinbaoyu Technology
7.8.1 Jinbaoyu Technology Company Information
7.8.2 Jinbaoyu Technology Introduction and Business Overview
7.8.3 Jinbaoyu Technology Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Jinbaoyu Technology Bio-based Succinic Acid Product Offerings
7.8.5 Jinbaoyu Technology Recent Development
7.9 Shandong Landian Biological Technology
7.9.1 Shandong Landian Biological Technology Company Information
7.9.2 Shandong Landian Biological Technology Introduction and Business Overview
7.9.3 Shandong Landian Biological Technology Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Shandong Landian Biological Technology Bio-based Succinic Acid Product Offerings
7.9.5 Shandong Landian Biological Technology Recent Development
7.10 Shanghai Shenren Fine Chemical
7.10.1 Shanghai Shenren Fine Chemical Company Information
7.10.2 Shanghai Shenren Fine Chemical Introduction and Business Overview
7.10.3 Shanghai Shenren Fine Chemical Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Shanghai Shenren Fine Chemical Bio-based Succinic Acid Product Offerings
7.10.5 Shanghai Shenren Fine Chemical Recent Development
7.11 Weinan Huifeng
7.11.1 Weinan Huifeng Company Information
7.11.2 Weinan Huifeng Introduction and Business Overview
7.11.3 Weinan Huifeng Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Weinan Huifeng Bio-based Succinic Acid Product Offerings
7.11.5 Weinan Huifeng Recent Development
7.12 AH BIOSUS
7.12.1 AH BIOSUS Company Information
7.12.2 AH BIOSUS Introduction and Business Overview
7.12.3 AH BIOSUS Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 AH BIOSUS Bio-based Succinic Acid Product Offerings
7.12.5 AH BIOSUS Recent Development
7.13 HSUKO New Materials
7.13.1 HSUKO New Materials Company Information
7.13.2 HSUKO New Materials Introduction and Business Overview
7.13.3 HSUKO New Materials Bio-based Succinic Acid Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 HSUKO New Materials Bio-based Succinic Acid Product Offerings
7.13.5 HSUKO New Materials Recent Development
8 Industry Chain Analysis
8.1 Bio-based Succinic Acid Industrial Chain
8.2 Bio-based Succinic Acid Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Bio-based Succinic Acid Sales Model
8.5.2 Sales Channel
8.5.3 Bio-based Succinic Acid Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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