The global bio-succinic acid market is anticipated was around $277 million in 2019 and is expected to grow at a lucrative CAGR during the forecast period. The continuous growth of the food and beverages industry, increase in personal care such as anti-aging products and other industrial sectors are the factors that are driving the global succinic acid market. The other factors which are propelling the growth of the market include advancement in the rising of bio-based sustainable chemicals used by chemical industries. Further, as succinic acid is used as a neutralizing agent in various food items therefore it has a wide application in food industries. Moreover, rising awareness about eco-friendly products along with considering the environmental issue is resulting in the growth of the bio-succinic acid industry. However, the presence of alternate chemicals such as malic, citric acid is a major challenge for the market.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2024-2030
Segment Covered-
- By End-User
- By Raw Material
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- BASF SE, Kawasaki Kasei Chemicals, Succinity GmbH, Roquette Freres S.A. and S.S. Pharmachem
Succinic Acid Market Report Segment
By End-User
- Chemical
- Pharmaceutical End user s
- Food and Beverages
- Another End-User
By Raw Material
- Corn-Based Bio-Succinic Acid
- Sugarcane-Based Bio-Succinic Acid
- Cassava-Based Bio-Succinic Acid
- Other Raw Materials-Based Bio-Succinic Acid
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Succinic Acid Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Anhui Sunsing Chemicals Co., Ltd.
- Anqing Hexing Chemical Co., Ltd.
- AzelisSA
- Corbion N.V.
- ESIM Chemicals GmbH
- MOLBASE (Shanghai) Biotechnology Co., Ltd
- Evonik Industries AG
- GC Innovation America Corp.
- Jin Hui Zhao Long High-Tech Co., Ltd.
- MerckKGaA
- Mitsubishi Chemical Corp.
- NatureWorks LLC
- PTT-MCCBiochem Co. Ltd.
- O.F.
- Shandong Landian Biological Technology Co., LTD.
- Showa Denko K.K.
- Succinity GmbH
- Thyssenkrupp AG
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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