Global Shikimic Acid Market Growth 2023-2029

Global Shikimic Acid Market Growth 2023-2029

Shikimic Acid (CAS 138-59-0), 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 (CAS 138-59-0) is mainly used as pharmaceutical intermediates, with a certain irritation.

LPI (LP Information)' newest research report, the “Shikimic Acid Industry Forecast” looks at past sales and reviews total world Shikimic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Shikimic Acid sales for 2023 through 2029. With Shikimic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Shikimic Acid industry.

This Insight Report provides a comprehensive analysis of the global Shikimic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Shikimic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Shikimic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Shikimic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Shikimic Acid.

The global Shikimic Acid market size is projected to grow from US$ 36 million in 2022 to US$ 50 million in 2029; it is expected to grow at a CAGR of 50 from 2023 to 2029.

Global Shikimic Acid (CAS 138-59-0) key players include Layn, Sanofi, JIAHERB, Shanghai Pharmaceuticals, Sichuan Xieli Pharmaceutical, etc. Global top five manufacturers hold a share over 70%.

China is the largest market, with a share over 80%, followed by Europe, with a share about 20 percent.

In terms of product, Shikimic Acid (98%) is the largest segment, with a share over 85%. And in terms of application, the largest application is Medicine and Veterinary Drugs, followed by Cosmetic and Personal Care, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Shikimic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Shikimic Acid (98%)

Shikimic Acid (99%)

Segmentation by application

Medicine and Veterinary Drugs

Cosmetic and Personal Care

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Sanofi

JIAHERB

Guangxi Wanshan Spice

Wuhan Dahua Weiye

Sichuan Xieli Pharmaceutical

Layn

Shanghai Pharmaceuticals

Dongyangguang

Shaanxi Hongda

Key Questions Addressed in this Report

What is the 10-year outlook for the global Shikimic Acid market?

What factors are driving Shikimic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Shikimic Acid market opportunities vary by end market size?

How does Shikimic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.