Shikimic acid, is a cyclohexene, a cyclitol and a cyclohexanecarboxylic acid. It is an important biochemical metabolite in plants and microorganisms. It is a white fine powder, soluble in water, insoluble in chloroform, benzene and petroleum ether. Shikimic acid is mainly used as pharmaceutical intermediates, with a certain irritation.
In the last several years, global market of shikimic acid change is intense, especially the price, with an average growth rate of 3.65 %. In 2015, global revenue of shikimic acid is nearly 72 million $; the actual production is about 590 MT.

the global average price of shikimic acid is in the decreasing trend in the last three years, from 127 $/kg in 2011 to 121 $/kg in 2014. Prices rose sharply due to the decline in Chinese illicium verum production.

The use of shikimic acid in the downstream application is aimple, most used in anti-influenza drugs, resulting in shikimic acid manufacturers bargaining power is weak, limiting the manufacturers of large-scale production

china is the largest supplier of shikimic acid, with a production market share nearly 67% in 2015. Europe is the second largest supplier of shikimic acid, enjoying production market share nearly 28% in 2015.

Europe is the largest consumption place, The world&s largest consumer is Roche Pharma, with a consumption market share nearly 61.7% in 2015. following Europe, China is the second largest consumption place with the consumption market share of 15.7%. China is the world&s largest exporting country. But with the Roche drug Tamiflu&s patent expires, a large number of generic drugs will enter the market, shikimic acid demand will increase significantly.


market competition is not intense. Sanofi and Layn Natural Ingredients, are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.


The report offers detailed coverage of Shikimic Acid (CAS 138-59-0) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Shikimic Acid (CAS 138-59-0) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Shikimic Acid (CAS 138-59-0) market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.

First, this report covers the present status and the future prospects of the global Shikimic Acid (CAS 138-59-0) market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Sanofi
Layn Natural Ingredients
JIAHERB
Shaanxi Huike Botanical
Xi&an Hao Tian
Guangxi Wanshan Spice
JF NATURAL
Wuhan Dahua Weiye

At the same time, we classify Shikimic Acid (CAS 138-59-0) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Shikimic Acid (98%)
Shikimic Acid (99%)
Market by Application
Medicine and Veterinary drugs
Cosmetic

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Shikimic Acid (CAS 138-59-0) market for the forecast period 2023 - 2030?
• What are the driving forces in the Shikimic Acid (CAS 138-59-0) market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Shikimic Acid (CAS 138-59-0) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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Market Research Update provide consistency in our research report, also we provide on the part of the analysis of forecast across a gamut of coverage geographies and coverage. The research teams carry out primary and secondary research to implement and design the data collection procedure. The research team then analyzes data about the latest trends and major issues in reference to each industry and country. This helps to determine the anticipated market-related procedures in the future. The company offers technology-driven solutions and its full incorporation in the research method to be skilled at each step.

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