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The succinic acid (SA) market size is forecast to increase by USD 261 million, at a CAGR of 10.87% between 2023 and 2028. The growth of the market depends on several factors, including its application in various industries, the increasing consumer preference toward environment-friendly products, and the expanding Food and Beverage (F&B) industry. As businesses across sectors seek sustainable solutions, there's a growing demand for products that not only meet consumer needs but also align with environmental values. This shift in consumer preferences has led to the rise of eco-friendly alternatives in multiple industries, driving the market forward. Furthermore, the expansion of the F&B industry, fueled by changing consumer tastes and dietary habits, presents significant opportunities for market growth. The growing demand for fumaric acid and glyoxylic acid is influencing trends in the succinic acid market, as these compounds play key roles in various industrial and chemical processes. By catering to these evolving needs and trends, companies can capitalize on the market's potential and establish a strong foothold in the industry.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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