Shikimic Acid (CAS 138-59-0) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Shikimic Acid (CAS 138-59-0) market including various factors related to and dependent influencing the market growth.
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 $/kg in 2014. Prices rose sharply due to the decline in Chinese illicium verum production.
The use of shikimic acid in the downstream application is aimple, most used in anti-influenza drugs, resulting in shikimic acid manufacturers bargaining power is weak, limiting the manufacturers of large-scale production
china is the largest supplier of shikimic acid, with a production market share nearly 67% in 2015. Europe is the second largest supplier of shikimic acid, enjoying production market share nearly 28% in 2015.
Europe is the largest consumption place, The worlds largest consumer is Roche Pharma, with a consumption market share nearly 61.7% in 2015. following Europe, China is the second largest consumption place with the consumption market share of 15.7%. China is the worlds largest exporting country. But with the Roche drug Tamiflus patent expires, a large number of generic drugs will enter the market, shikimic acid demand will increase significantly.
market competition is not intense. Sanofi and Layn Natural Ingredients, are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
Global Shikimic Acid (CAS 138-59-0) market size will increase to xx Million US$ by 2030, from xx Million US$ in 2020, at a CAGR of xx% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Shikimic Acid (CAS 138-59-0).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Shikimic Acid (CAS 138-59-0) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Shikimic Acid (CAS 138-59-0) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Shikimic Acid (CAS 138-59-0) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Shikimic Acid (CAS 138-59-0) Market:
The major competitors working in the market are:
, Sanofi, Layn Natural Ingredients, JIAHERB, Shaanxi Huike Botanical, Xian Hao Tian, Guangxi Wanshan Spice, JF NATURAL, Wuhan Dahua Weiye
Market by Order Type
Shikimic Acid (98%)
Shikimic Acid (99%)
Shikimic Acid (CAS 138-59-0) Data by Application
Medicine and Veterinary drugs
Cosmetic
Shikimic Acid (CAS 138-59-0) Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Shikimic Acid (CAS 138-59-0) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Shikimic Acid (CAS 138-59-0) Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Shikimic Acid (CAS 138-59-0) market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Shikimic Acid (CAS 138-59-0) market size and their forecasts
- To provide strategic profiles of the key players operating in the Shikimic Acid (CAS 138-59-0) market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Shikimic Acid (CAS 138-59-0) market
Target Audiences for Shikimic Acid (CAS 138-59-0) Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
We also provide customized reports according to customer\'s specific requirements. We also provide customization for regional and country-level reports individually.
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