Global Succinic Acid Market Overview
The global succinic acid market is transitioning from petroleum-based production toward bio-based manufacturing as industries prioritize renewable intermediates and lower carbon footprints. According to Mordor Intelligence, the succinic acid market size is estimated at USD 321.5 million in 2026, up from USD 293.43 million in 2025, and is projected to reach USD 507.28 million by 2031, expanding at a CAGR of 9.56% from 2026 to 2031.
This strong succinic acid marketgrowth is supported by declining fermentation costs, improvements in metabolic engineering, and rising demand for biodegradable polymers such as polybutylene succinate (PBS). Regulatory encouragement for bio-based chemicals in Europe and North America further strengthens the succinic acid market forecast, while investments in the Asia-Pacific region are improving feedstock diversity and supply-chain resilience.
Key Trends Shaping the Succinic Acid Market
Sustainability-driven demand and regulatory backing:
The succinic acid market is being propelled by rising demand for biodegradable polymers, especially in PBS production for packaging and automotive uses, supported by circular-economy regulations. Improved fermentation efficiency and strong regulatory support, including priority platform chemical status and GRAS approval, are accelerating bio-based adoption and reinforcing long-term succinic acid market growth.
Expansion across food, beverage, and personal care applications:
Broader use of succinic acid as a clean-label acidity regulator and flavor enhancer is driving steady uptake in food and beverages, while personal care and cosmetics are emerging as the fastest-growing segment. Its alignment with clean-beauty trends and premium formulations is boosting value realization and strengthening succinic acid market share in high-margin applications.
Succinic Acid Market Segmentation Insights
By Product Type
- Petro-Based
- Bio-Based
By Grade
- Industrial/Technical
- Food
- Pharmaceuticals
- Cosmetic
By Application
- Industrial Chemicals
- Food and Beverages
- Pharmaceuticals
- Personal Care and Cosmetics
- Others
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/succinic-acid-market?utm_source=abnewswire
Regional Succinic Acid Market Outlook
Europe leads the succinic acid market share, supported by strong bio-based chemical policies and packaging regulations.
Asia-Pacific is projected to be the fastest-growing region through 2031, driven by industrial expansion, government decarbonization initiatives, and abundant agricultural feedstocks.
North America maintains a strategic position due to policy support for sustainable chemistry and reliable biomass supply chains.
Competitive Landscape
The succinic acid market remains moderately fragmented, with companies focusing on fermentation optimization, downstream integration, and derivative production to avoid commodity pricing pressure. Strategic partnerships between chemical producers and biotechnology firms are shaping competitive positioning, while geographic expansion prioritizes regions with supportive regulation and feedstock availability.
Key players in the succinic acid industry include:
- Roquette Frères
- Mitsubishi Chemical Group
- Nippon Shokubai Co., Ltd.
- Air Water Performance Chemical Inc.
- Anhui Sunsing Chemicals
Succinic Acid Market Forecast and Outlook
The succinic acid market forecast indicates sustained high-single-digit growth through 2031 as bio-based production becomes commercially scalable and end-use demand diversifies beyond industrial chemicals. While petro-based succinic acid retains volume leadership, bio-based alternatives are expected to gain increasing succinic acid market share, particularly in food, cosmetics, and biodegradable polymers.
Overall, the succinic acid market is moving from a niche biochemical status toward a strategic platform role within sustainable materials and specialty applications.
Industry Related Reports:
Carotenoids Market - The Carotenoids Market Report is Segmented by Type (Astaxanthin, Beta-Carotene, Canthaxanthin, Lutein, and More), Source (Synthetic, Natural), Form (Powder and Liquid), Application (Food and Beverage, Dietary Supplement, Animal Feed, Personal Care and Cosmetics, and More), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).
Get more insights: https://www.mordorintelligence.com/industry-reports/carotenoids-market-industry?utm_source=openpr
Food Grade Phosphoric Acid Market - The Food Grade Phosphoric Acid Market Report is Segmented by Purity Grade (Food Grade 85%, Food Grade 75%, Food Grade 80%, and Others), Application (Food, Beverages, and Other Applications), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa).
Get more insights: https://www.mordorintelligence.com/industry-reports/food-grade-phosphoric-acid-market?utm_source=openpr
Food Acidulants Market - The Food Acidulants Market Report is Segmented by Type (Citric Acid, Lactic Acid, Acetic Acid, and More), Source (Bio-based/Natural, Synthetic), Form (Dry/Powder, Liquid/Solution), Application (Beverages, Dairy and Frozen Desserts, and More), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
Get more insights: https://www.mordorintelligence.com/industry-reports/global-food-acidulants-market-industry?utm_source=openpr
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
Media Contact
Company Name: Mordor Intelligence Private Limited
Contact Person: Jignesh Thakkar
Email:Send Email
Phone: +1 617-765-2493
Address:11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli
City: Hyderabad
State: Telangana 500008
Country: India
Website: https://www.mordorintelligence.com/industry-reports/succinic-acid-market?utm_source=abnewswire