Bio-based Succinic Acid Market Opportunities: Top Manufacturers Profiles, Market Growth Factors and Forecast to 2030

LOS ANGELES, United States: The report named, "Global Bio-based Succinic Acid Market Insights, Forecast to 2030" has been added to the archive of market research studies by QY Research. The industry experts and researchers have offered reliable and precise analysis of the global Bio-based Succinic Acid market in view of numerous aspects such as growth factors, challenges, limitations, developments, trends, and growth opportunities. This report will surely act as a handy instrument for the market participants to develop effective strategies with an aim to reinforce their market positions. This report offers pin-point analysis of the changing dynamics and emerging trends in the global Bio-based Succinic Acid market.

The global Bio-based Succinic Acid revenue was US$ 59.6 million in 2023 and is forecast to a readjusted size of US$ 114 million by 2030 with a CAGR of 9.4% during the review period (2024-2030).

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Key Players Mentioned in the Global Bio-based Succinic Acid Market Research Report:

LCY Biosciences（BioAmber）, Succinity GmbH, Roquette（Reverdia）, Technip Energies, Nippon Shokubai, Feiyang Chemical, Sunsing Chemicals, Jinbaoyu Technology, Shandong Landian Biological Technology, Shanghai Shenren Fine Chemical, Weinan Huifeng, AH BIOSUS, HSUKO New Materials

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.

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 segmental analysis section of the report includes a thorough research study on key type and application segments of the global Bio-based Succinic Acid market. All of the segments considered for the study are analyzed in quite some detail on the basis of market share, growth rate, recent developments, technology, and other critical factors. The segmental analysis provided in the report will help players to identify high-growth segments of the global Bio-based Succinic Acid market and clearly understand their growth journey. Moreover, it will help them to identify key growth pockets of the global Bio-based Succinic Acid market.

Details of Bio-based Succinic Acid Market Segmentation: -

Segment by Type:

Fermentation Process
Enzymatic Processes
Genetically Engineered Microorganisms
Others

Segment by Application:

Industrial
Pharmaceutical
Personal Care
Solvents and Chemicals
Others

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Bio-based Succinic Acid market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Bio-based Succinic Acid markets to help players plan effective expansion strategies. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Bio-based Succinic Acid markets to extend their reach and create sales opportunities.

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Table of Content

1 Study Coverage
1.1 Bio-based Succinic Acid Product Introduction
1.2 Global Bio-based Succinic Acid Outlook 2019 VS 2023 VS 2030
1.2.1 Global Bio-based Succinic Acid Sales in US$ Million for the Year 2019-2030
1.2.2 Global Bio-based Succinic Acid Sales in Volume for the Year 2019-2030
1.3 China Bio-based Succinic Acid Outlook 2019 VS 2023 VS 2030
1.3.1 China Bio-based Succinic Acid Sales in US$ Million for the Year 2019-2030
1.3.2 China Bio-based Succinic Acid Sales in Volume for the Year 2019-2030
1.4 Bio-based Succinic Acid Market Size, China VS Global, 2019 VS 2023 VS 2030
1.4.1 The Market Share of China Bio-based Succinic Acid in Global, 2019 VS 2023 VS 2030
1.4.2 The Growth Rate of Bio-based Succinic Acid Market Size, China VS Global, 2019 VS 2023 VS 2030
1.5 Bio-based Succinic Acid Market Dynamics
1.5.1 Bio-based Succinic Acid Industry Trends
1.5.2 Bio-based Succinic Acid Market Drivers
1.5.3 Bio-based Succinic Acid Market Challenges
1.5.4 Bio-based Succinic Acid Market Restraints
1.6 Assumptions and Limitations
1.7 Study Objectives
1.8 Years Considered

2 Bio-based Succinic Acid by Type
2.1 Bio-based Succinic Acid Market by Type
2.1.1 Fermentation Process
2.1.2 Enzymatic Processes
2.1.3 Genetically Engineered Microorganisms
2.1.4 Others
2.2 Global Bio-based Succinic Acid Market Size by Type
2.2.1 Global Bio-based Succinic Acid Sales in Value, by Type (2019, 2023 & 2030)
2.2.2 Global Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
2.2.3 Global Bio-based Succinic Acid Average Selling Price (ASP) by Type (2019, 2023 & 2030)
2.3 China Bio-based Succinic Acid Market Size by Type
2.3.1 China Bio-based Succinic Acid Sales in Value, by Type (2019, 2023 & 2030)
2.3.2 China Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
2.3.3 China Bio-based Succinic Acid Average Selling Price (ASP) by Type (2019, 2023 & 2030)

3 Bio-based Succinic Acid by Application
3.1 Bio-based Succinic Acid Market by Application
3.1.1 Industrial
3.1.2 Pharmaceutical
3.1.3 Personal Care
3.1.4 Solvents and Chemicals
3.1.5 Others
3.2 Global Bio-based Succinic Acid Market Size by Application
3.2.1 Global Bio-based Succinic Acid Sales in Value, by Application (2019, 2023 & 2030)
3.2.2 Global Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
3.2.3 Global Bio-based Succinic Acid Average Selling Price (ASP) by Application (2019, 2023 & 2030)
3.3 China Bio-based Succinic Acid Market Size by Application
3.3.1 China Bio-based Succinic Acid Sales in Value, by Application (2019, 2023 & 2030)
3.3.2 China Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
3.3.3 China Bio-based Succinic Acid Average Selling Price (ASP) by Application (2019, 2023 & 2030)

4 Global Bio-based Succinic Acid Competitor Landscape by Company
4.1 Global Bio-based Succinic Acid Market Size by Company
4.1.1 Global Key Manufacturers of Bio-based Succinic Acid, Ranked by Revenue (2023)
4.1.2 Global Bio-based Succinic Acid Revenue by Manufacturer (2019-2024)
4.1.3 Global Bio-based Succinic Acid Sales by Manufacturer (2019-2024)
4.1.4 Global Bio-based Succinic Acid Price by Manufacturer (2019-2024)
4.2 Global Bio-based Succinic Acid Concentration Ratio (CR)
4.2.1 Bio-based Succinic Acid Market Concentration Ratio (CR) (2019-2024)
4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Bio-based Succinic Acid in 2023
4.2.3 Global Bio-based Succinic Acid Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.3 Global Key Manufacturers of Bio-based Succinic Acid, Manufacturing Base Distribution and Headquarters
4.4 Global Key Manufacturers of Bio-based Succinic Acid, Product Offered and Application
4.5 Global Key Manufacturers of Bio-based Succinic Acid, Date of Enter into This Industry
4.6 Manufacturers Mergers & Acquisitions, Expansion Plans
4.7 China Bio-based Succinic Acid Market Size by Company
4.7.1 Key Players of Bio-based Succinic Acid in China, Ranked by Revenue (2023)
4.7.2 China Bio-based Succinic Acid Revenue by Players (2019-2024)
4.7.3 China Bio-based Succinic Acid Sales by Players (2019-2024)

5 Global Bio-based Succinic Acid Market Size by Region
5.1 Global Bio-based Succinic Acid Market Size by Region: 2019 VS 2023 VS 2030
5.2 Global Bio-based Succinic Acid Market Size in Volume by Region (2019-2030)
5.2.1 Global Bio-based Succinic Acid Sales in Volume by Region: 2019-2024
5.2.2 Global Bio-based Succinic Acid Sales in Volume Forecast by Region (2025-2030)
5.3 Global Bio-based Succinic Acid Market Size in Value by Region (2019-2030)
5.3.1 Global Bio-based Succinic Acid Sales in Value by Region: 2019-2024
5.3.2 Global Bio-based Succinic Acid Sales in Value by Region: 2025-2030

6 Americas
6.1 Americas Bio-based Succinic Acid Market Size YoY Growth 2019-2030
6.2 Americas Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
6.3 Americas Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
6.4 Americas Bio-based Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
6.4.1 Americas Bio-based Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
6.4.2 Americas Bio-based Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
6.4.3 United States
6.4.4 Canada
6.4.5 Mexico
6.4.6 Brazil

7 EMEA
7.1 EMEA Bio-based Succinic Acid Market Size YoY Growth 2019-2030
7.2 EMEA Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
7.3 EMEA Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
7.4 EMEA Bio-based Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
7.4.1 EMEA Bio-based Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
7.4.2 EMEA Bio-based Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
7.4.3 Europe
7.4.4 Middle East
7.4.5 Africa

8 China
8.1 China Bio-based Succinic Acid Market Size YoY Growth 2019-2030
8.2 China Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
8.3 China Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)

9 APAC
9.1 APAC Bio-based Succinic Acid Market Size YoY Growth 2019-2030
9.2 APAC Bio-based Succinic Acid Sales in Volume, by Type (2019, 2023 & 2030)
9.3 APAC Bio-based Succinic Acid Sales in Volume, by Application (2019, 2023 & 2030)
9.4 APAC Bio-based Succinic Acid Market Facts & Figures by Country (2019, 2023 & 2030)
9.4.1 APAC Bio-based Succinic Acid Sales in Value by Country (2019, 2023 & 2030)
9.4.2 APAC Bio-based Succinic Acid Sales in Volume by Country (2019, 2023 & 2030)
9.4.3 Japan
9.4.4 South Korea
9.4.5 China Taiwan
9.4.6 Southeast Asia
9.4.7 India

10 Company Profiles
10.1 LCY Biosciences（BioAmber）
10.1.1 LCY Biosciences（BioAmber） Company Information
10.1.2 LCY Biosciences（BioAmber） Description and Business Overview
10.1.3 LCY Biosciences（BioAmber） Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.1.4 LCY Biosciences（BioAmber） Bio-based Succinic Acid Products Offered
10.1.5 LCY Biosciences（BioAmber） Recent Development
10.2 Succinity GmbH
10.2.1 Succinity GmbH Company Information
10.2.2 Succinity GmbH Description and Business Overview
10.2.3 Succinity GmbH Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.2.4 Succinity GmbH Bio-based Succinic Acid Products Offered
10.2.5 Succinity GmbH Recent Development
10.3 Roquette（Reverdia）
10.3.1 Roquette（Reverdia） Company Information
10.3.2 Roquette（Reverdia） Description and Business Overview
10.3.3 Roquette（Reverdia） Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.3.4 Roquette（Reverdia） Bio-based Succinic Acid Products Offered
10.3.5 Roquette（Reverdia） Recent Development
10.4 Technip Energies
10.4.1 Technip Energies Company Information
10.4.2 Technip Energies Description and Business Overview
10.4.3 Technip Energies Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.4.4 Technip Energies Bio-based Succinic Acid Products Offered
10.4.5 Technip Energies Recent Development
10.5 Nippon Shokubai
10.5.1 Nippon Shokubai Company Information
10.5.2 Nippon Shokubai Description and Business Overview
10.5.3 Nippon Shokubai Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.5.4 Nippon Shokubai Bio-based Succinic Acid Products Offered
10.5.5 Nippon Shokubai Recent Development
10.6 Feiyang Chemical
10.6.1 Feiyang Chemical Company Information
10.6.2 Feiyang Chemical Description and Business Overview
10.6.3 Feiyang Chemical Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.6.4 Feiyang Chemical Bio-based Succinic Acid Products Offered
10.6.5 Feiyang Chemical Recent Development
10.7 Sunsing Chemicals
10.7.1 Sunsing Chemicals Company Information
10.7.2 Sunsing Chemicals Description and Business Overview
10.7.3 Sunsing Chemicals Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.7.4 Sunsing Chemicals Bio-based Succinic Acid Products Offered
10.7.5 Sunsing Chemicals Recent Development
10.8 Jinbaoyu Technology
10.8.1 Jinbaoyu Technology Company Information
10.8.2 Jinbaoyu Technology Description and Business Overview
10.8.3 Jinbaoyu Technology Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.8.4 Jinbaoyu Technology Bio-based Succinic Acid Products Offered
10.8.5 Jinbaoyu Technology Recent Development
10.9 Shandong Landian Biological Technology
10.9.1 Shandong Landian Biological Technology Company Information
10.9.2 Shandong Landian Biological Technology Description and Business Overview
10.9.3 Shandong Landian Biological Technology Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.9.4 Shandong Landian Biological Technology Bio-based Succinic Acid Products Offered
10.9.5 Shandong Landian Biological Technology Recent Development
10.10 Shanghai Shenren Fine Chemical
10.10.1 Shanghai Shenren Fine Chemical Company Information
10.10.2 Shanghai Shenren Fine Chemical Description and Business Overview
10.10.3 Shanghai Shenren Fine Chemical Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.10.4 Shanghai Shenren Fine Chemical Bio-based Succinic Acid Products Offered
10.10.5 Shanghai Shenren Fine Chemical Recent Development
10.11 Weinan Huifeng
10.11.1 Weinan Huifeng Company Information
10.11.2 Weinan Huifeng Description and Business Overview
10.11.3 Weinan Huifeng Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.11.4 Weinan Huifeng Bio-based Succinic Acid Products Offered
10.11.5 Weinan Huifeng Recent Development
10.12 AH BIOSUS
10.12.1 AH BIOSUS Company Information
10.12.2 AH BIOSUS Description and Business Overview
10.12.3 AH BIOSUS Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.12.4 AH BIOSUS Bio-based Succinic Acid Products Offered
10.12.5 AH BIOSUS Recent Development
10.13 HSUKO New Materials
10.13.1 HSUKO New Materials Company Information
10.13.2 HSUKO New Materials Description and Business Overview
10.13.3 HSUKO New Materials Bio-based Succinic Acid Sales, Revenue and Gross Margin (2019-2024)
10.13.4 HSUKO New Materials Bio-based Succinic Acid Products Offered
10.13.5 HSUKO New Materials Recent Development

11 Industry Chain and Sales Channels Analysis
11.1 Bio-based Succinic Acid Industry Chain Analysis
11.2 Bio-based Succinic Acid Key Raw Materials
11.2.1 Key Raw Materials
11.2.2 Raw Materials Key Suppliers
11.3 Bio-based Succinic Acid Production Mode & Process
11.4 Bio-based Succinic Acid Sales and Marketing
11.4.1 Bio-based Succinic Acid Sales Channels
11.4.2 Bio-based Succinic Acid Distributors
11.5 Bio-based Succinic Acid Customers

12 Research Findings and Conclusion

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

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