Bio-Succinic Acid Market Size, Production, Average Price and Trends Analysis, till 2030

Bio-Succinic Acid Market Size is estimated to be 132 million in 2025 and is expected to grow at an average yearly rate of around 11% during the timeframe (2025-2030).

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The research and analytics firm Datavagyanik released the updated version of its report on "Bio-Succinic Acid Market - Detailed Analysis, Business Opportunities and Forecasts".

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Bio-Succinic Acid price trend in 2024 vs 2025

B Bio-succinic acid, a sustainable alternative to traditional petrochemical-derived succinic acid, is gaining significant traction in various industries, including bioplastics, pharmaceuticals, food and beverages, and personal care. As more industries move toward sustainability, bio-succinic acid has become a key ingredient due to its eco-friendly production methods, derived primarily from renewable resources such as glucose or other bio-based feedstocks. The price trend for bio-succinic acid in 2024 and 2025 is shaped by several key factors including supply chain dynamics, demand fluctuations, technological advancements, and regulatory policies.

Price Trend in 2024

In 2024, the price of bio-succinic acid is expected to experience moderate stability with a slight increase in cost due to several influencing factors. First and foremost, the continued development of the global bio-based chemical industry will lead to incremental improvements in production efficiency. However, this will also be counterbalanced by the relatively higher production costs of bio-succinic acid compared to traditional, fossil fuel-derived succinic acid.

The price of bio-succinic acid in 2024 is likely to be impacted by the availability and cost of feedstocks such as corn, sugarcane, or other agricultural inputs. With fluctuations in global crop production due to climate change, agricultural policies, and shifting trade agreements, the price of these raw materials could experience volatility, consequently influencing bio-succinic acid prices. Furthermore, bio-succinic acid production relies heavily on the fermentation process, which is more expensive than conventional petrochemical-based processes. As demand for bio-based chemicals grows, new production plants and advancements in fermentation technology may help bring down costs in the long run, but initially, costs will remain high in 2024.

Another contributing factor to price changes is the ongoing investment in bio-succinic acid production by several players in the market. The expansion of production capacity, particularly in emerging markets like Asia-Pacific and Latin America, could ease some supply chain constraints, keeping price increases in check. However, the widespread commercialization of bio-succinic acid in various applications (such as in the production of bio-plastics and pharmaceuticals) may maintain upward pressure on prices, as high demand for sustainable alternatives continues.

Price Trend in 2025

Looking into 2025, the price of bio-succinic acid is expected to stabilize further, with a more notable increase in the availability of the product due to advancements in production technologies. As more companies invest in scale-up projects and process innovations, production costs are likely to decrease, leading to more competitive pricing. As the production of bio-succinic acid becomes more widespread, economies of scale will come into play, helping to lower overall costs. The emergence of new biorefining technologies, including advanced fermentation methods and more efficient extraction processes, is expected to reduce the reliance on expensive raw materials and increase the efficiency of the overall production process, further driving price reduction in 2025.

In addition, consumer demand for sustainable and environmentally friendly products is anticipated to remain strong in 2025. Industries such as bioplastics, where bio-succinic acid plays a crucial role in producing biodegradable polymers like polybutylene succinate (PBS), are expected to continue growing, which will likely lead to higher demand. This could put some upward pressure on prices, particularly if demand outstrips supply in certain regions or sectors.

However, with ongoing improvements in feedstock production and better management of supply chains, the cost impact of raw material fluctuations may be reduced. This could help stabilize prices, preventing excessive volatility. Additionally, regulatory incentives and subsidies for bio-based chemicals in markets like the EU, North America, and Asia are expected to further drive the production and adoption of bio-succinic acid. These factors could reduce the price of bio-succinic acid in 2025, making it more accessible for manufacturers and consumers alike.

Market Influencing Factors

Several market factors are contributing to the bio-succinic acid price trend in both 2024 and 2025:
Feedstock Prices:
The cost of renewable raw materials such as corn, sugarcane, and other agricultural feedstocks plays a significant role in determining bio-succinic acid prices. Any disruptions in agriculture due to climate conditions or geopolitical tensions could cause price fluctuations in feedstocks, thus influencing bio-succinic acid costs.
Technological Advancements:
As new technologies for bio-succinic acid production are developed, such as more efficient fermentation processes, the overall production cost will decrease. These advancements will likely have a more significant impact post-2025, providing a stabilizing effect on prices.
Regulatory Support:
Government policies aimed at reducing carbon emissions and promoting sustainable chemicals could provide incentives for bio-succinic acid production. Regulatory support in key markets will help to lower production costs, boosting supply and mitigating price spikes.
Market Demand:
The demand for bio-succinic acid in sectors like bioplastics, pharmaceuticals, and food preservation is rising. In particular, the shift towards bioplastics and sustainable packaging in response to consumer preferences and environmental regulations will be a key demand driver. This will exert upward pressure on prices in the short term, as producers ramp up to meet market needs.
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Important target segments driving the demand for Bio-Succinic Acid Market

Bio-succinic acid, a bio-based and sustainable alternative to traditional petrochemical-derived succinic acid, is gaining widespread popularity across multiple industries due to its eco-friendly production methods and versatile applications. Derived from renewable resources like glucose, bio-succinic acid has seen significant growth in demand due to increasing consumer awareness of sustainability, rising concerns about the environmental impact of petroleum-based chemicals, and the push for greener alternatives. Several key industries are driving the demand for bio-succinic acid, including the bioplastics sector, pharmaceuticals, food and beverages, personal care, and agricultural chemicals.

Bioplastics and Polymers

One of the largest and most prominent target segments driving the demand for bio-succinic acid is the bioplastics sector. Bio-succinic acid plays a critical role in the production of biodegradable polymers such as polybutylene succinate (PBS), a bioplastic known for its excellent biodegradability, thermal stability, and mechanical strength. PBS is widely used in applications such as packaging materials, disposable cutlery, and agricultural films.
The growing demand for sustainable and eco-friendly alternatives to traditional petroleum-based plastics has led to increased adoption of bioplastics, further driving the need for bio-succinic acid. As governments around the world introduce stricter environmental regulations on single-use plastics and non-biodegradable packaging, the bioplastics industry is expected to continue expanding. Bio-succinic acid is a key building block for these bio-based plastics, providing a sustainable pathway to reduce dependence on fossil fuels and minimize plastic waste.

Pharmaceuticals and Healthcare

The pharmaceutical and healthcare sector is another significant driver of bio-succinic acid demand. Bio-succinic acid is used in the production of several pharmaceutical products, such as excipients (inactive substances used as carriers for active ingredients), drug delivery systems, and as a solvent for certain drugs. It is particularly valued for its safety profile and eco-friendly characteristics compared to synthetic alternatives.
Bio-succinic acid is also used in the production of active pharmaceutical ingredients (APIs), where it serves as a raw material for creating certain compounds. With the increasing demand for sustainable and green chemicals in pharmaceutical formulations, bio-succinic acid is becoming a preferred ingredient. Moreover, the growing global focus on health and wellness, along with the rise in chronic diseases that require long-term treatments, is likely to increase the demand for biochemicals like bio-succinic acid in pharmaceutical applications.

Food and Beverages

The food and beverage industry is another key segment driving the demand for bio-succinic acid. Bio-succinic acid is used as a food preservative, acidity regulator, and flavor enhancer. It is commonly found in products like beverages, candies, baked goods, and processed foods. Additionally, bio-succinic acid is used in the production of food-grade succinate esters, which are employed as emulsifiers, stabilizers, and flavoring agents.
As consumers increasingly seek clean-label, natural, and environmentally responsible ingredients, bio-succinic acid has gained traction as a more sustainable alternative to traditional additives and preservatives. Moreover, the growing demand for functional foods and beverages, which offer health benefits beyond basic nutrition, has contributed to the expansion of bio-succinic acid in the market. Its potential as a natural preservative and its compatibility with organic and non-GMO product formulations have further fueled its demand in this sector.

Personal Care and Cosmetics

The personal care and cosmetics industry represents a rapidly growing market for bio-succinic acid. Bio-succinic acid is used in a wide range of personal care products, including skincare, hair care, deodorants, and perfumes. It serves as a pH regulator, emulsifier, and stabilizer, while also providing a natural, eco-friendly alternative to synthetic chemicals commonly found in cosmetics.
With increasing consumer demand for clean beauty products that are free from harmful chemicals, the demand for bio-succinic acid in cosmetics is on the rise. The growing preference for organic, sustainable, and cruelty-free cosmetics has led many beauty brands to incorporate bio-based ingredients, such as bio-succinic acid, into their formulations. Furthermore, as the cosmetics industry focuses more on sustainability and reducing its environmental footprint, the demand for bio-succinic acid, as a renewable and biodegradable ingredient, will continue to increase.

Agricultural Chemicals

The agricultural chemicals industry is another emerging sector that is driving the demand for bio-succinic acid. Bio-succinic acid is used in the production of fertilizers, soil conditioners, and plant growth stimulants. It is valued for its ability to enhance nutrient availability and promote better plant growth without causing environmental harm. Bio-succinic acid-based agricultural products are considered to be safer and more sustainable compared to their petrochemical-based counterparts.
With the global focus on sustainable farming practices and the reduction of chemical inputs in agriculture, bio-succinic acid is being adopted as a green alternative in various agricultural applications. As farmers and agricultural businesses increasingly prioritize sustainable practices, the demand for bio-succinic acid in the agricultural chemicals market is expected to rise.

Textile and Leather Industries

The textile and leather industries are also seeing increasing adoption of bio-succinic acid. Bio-succinic acid is used in the production of polyester fibers, which are employed in the textile industry for the production of fabrics and garments. It is also used in leather tanning processes to produce eco-friendly leather products. As sustainability becomes a central focus of the textile and fashion industries, the use of bio-based chemicals such as bio-succinic acid is helping brands reduce their reliance on petrochemical-based inputs.
In addition, the rising consumer demand for sustainable and eco-friendly fashion is pushing textile manufacturers to incorporate renewable and biodegradable chemicals in their production processes. Bio-succinic acid's role in creating more sustainable textiles and leather products will continue to drive its demand in this sector.

Key Players in Bio-Succinic Acid Production

The bio-succinic acid market has experienced significant growth in recent years, driven by the increasing demand for sustainable and renewable chemicals. Several key players in the production of bio-succinic acid are helping to shape the future of the market by developing advanced technologies, expanding production capacity, and fostering collaborations across industries. These companies are positioning themselves as leaders in the bio-based chemical industry, utilizing renewable resources and environmentally friendly methods to produce succinic acid for a wide range of applications, including bioplastics, pharmaceuticals, food and beverages, and personal care products. Here are some of the prominent companies involved in bio-succinic acid production:

BASF SE

BASF, one of the largest chemical producers globally, is a key player in the bio-succinic acid market. The company has invested significantly in developing sustainable chemical products, and bio-succinic acid is an important part of its portfolio. BASF produces bio-succinic acid through a fermentation process, using renewable resources like glucose. In 2015, BASF entered into a joint venture with the Dutch company "Purac" to produce bio-based succinic acid, utilizing their state-of-the-art fermentation technology. Their product is used in applications ranging from biodegradable plastics to food and beverage additives. BASF is committed to sustainability and has been actively working to increase the scale and availability of bio-based chemicals, including succinic acid, to meet the growing demand for eco-friendly alternatives.

DSM

Royal DSM, a global science-based company that specializes in health, nutrition, and materials, is another key player in the bio-succinic acid market. DSM operates in several sectors, including biochemistry, and has made significant strides in bio-based succinic acid production. The company produces bio-succinic acid through its fermentation process, using renewable resources such as glucose and other biomass feedstocks. DSM has partnered with the French company "Roquette" to commercialize bio-succinic acid. Their joint venture, which focuses on developing the bio-succinic acid market, aims to meet the growing demand for sustainable chemicals and bio-based products. DSM's strong focus on sustainability and innovation in bio-based chemicals has positioned it as a market leader in the bio-succinic acid production sector.

Myriant Corporation

Myriant Corporation, based in the United States, is a major player in the production of bio-succinic acid. The company uses renewable feedstocks and advanced fermentation technologies to produce bio-succinic acid for a variety of applications, including bioplastics, agricultural chemicals, and solvents. Myriant focuses on sustainable production methods and aims to provide cost-effective, environmentally friendly alternatives to traditional petrochemical-based products. Myriant's bio-succinic acid is used in a wide range of industries, helping companies transition to greener alternatives in line with consumer demand for more sustainable products.

Gevo, Inc.

Gevo, Inc., a renewable chemicals and biofuels company based in the United States, is another key player in the bio-succinic acid market. Gevo focuses on using renewable feedstocks, such as agricultural by-products, to produce bio-based chemicals. The company has developed a patented technology for producing bio-succinic acid through fermentation. Gevo's bio-succinic acid is used in a wide range of applications, from bioplastics to industrial solvents. The company is committed to reducing the carbon footprint of the chemical industry by providing bio-based alternatives to fossil fuel-derived products. Gevo's expansion into the bio-succinic acid market aligns with its strategy of leading the transition to renewable, sustainable chemicals.

Succinic Acid Producers Cooperative (SAPCO)

Succinic Acid Producers Cooperative (SAPCO), based in the Netherlands, is a cooperative of bio-succinic acid producers and a major player in the bio-succinic acid production space. SAPCO specializes in developing and commercializing bio-based succinic acid produced through fermentation. The cooperative is committed to offering environmentally friendly alternatives to petrochemical-based succinic acid by using renewable biomass feedstocks. SAPCO's bio-succinic acid is used in a variety of industries, including the production of biodegradable plastics, food additives, and industrial chemicals. Their commitment to sustainability and green chemistry positions SAPCO as a key player in the bio-succinic acid market.

Roquette Frères

Roquette Frères, a leading French multinational company specializing in plant-based ingredients, is another significant player in the bio-succinic acid market. Roquette has developed a robust supply chain for bio-succinic acid production using renewable resources such as maize and other agricultural feedstocks. The company has been actively involved in research and development to scale up its bio-succinic acid production and make it more commercially viable. Roquette collaborates with other industry leaders, such as DSM, to further expand the market for bio-succinic acid. The company's focus on plant-based chemicals and sustainable alternatives to fossil fuels aligns with the growing demand for bio-based products in the marketplace.

Kindle Biotech Co., Ltd.

Kindle Biotech Co., Ltd. is a Chinese company involved in the production of bio-based chemicals, including bio-succinic acid. The company uses advanced fermentation technology and renewable feedstocks like glucose to produce high-quality bio-succinic acid. Kindle Biotech aims to contribute to the global shift towards sustainable chemicals by providing bio-based succinic acid at competitive prices. The company is actively working to expand its production capacity and distribution channels, positioning itself as a rising player in the global bio-succinic acid market.

BioAmber (Now part of LCY Biosciences)

BioAmber was one of the early pioneers in the production of bio-succinic acid. The company had developed an innovative and scalable fermentation process for producing bio-based succinic acid from renewable resources. In 2018, BioAmber was acquired by LCY Biosciences, a global leader in specialty chemicals. The acquisition has helped LCY Biosciences strengthen its position in the bio-based chemicals market, including bio-succinic acid. The company continues to focus on sustainable production methods and expanding its bio-succinic acid offerings across various industries.

Key Questions Answered in the Bio-Succinic Acid market report:

• What is the total global Bio-Succinic Acid production volume, and how has it changed over the past five years?
• What is Bio-Succinic Acid price trend, what has been the historical cadmium prices?
• What will be the Bio-Succinic Acid price trend in 2025?
• Which countries have the highest Bio-Succinic Acid production capacity, and what factors contribute to their dominance in the market?
• How does Bio-Succinic Acid production capacity vary across key manufacturers, and what expansions or closures have been observed recently?
• What is the current global revenue generated from Bio-Succinic Acid production, and how does it compare to previous years?
• How does the country-wise Bio-Succinic Acid demand correlate with its production capacity and supply chain logistics?
• What are the recent trends in Bio-Succinic Acid pricing, and how do price fluctuations impact overall market revenue?
• Which industries drive the highest demand for Bio-Succinic Acid, and how is this demand expected to evolve in the next five years?
• What are the major challenges impacting Bio-Succinic Acid production and supply chain operations across key markets?
• How do government policies, environmental regulations, and trade restrictions affect Bio-Succinic Acid production and market dynamics?

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