The global Shikimic Acid (CAS 138-59-0) market was valued at 35.42 Million USD in 2021 and will grow with a CAGR of 4.34% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.The use of shikimic acid in the downstream application is anti-influenza drugs. china is the largest supplier of shikimic acid, with a production market share nearly 90% in 2019. Europe is the second largest supplier of shikimic acid, enjoying production market share nearly 10% in 2019. Sanofi and Layn Natural Ingredients, are the leaders of the industry.

By Market Verdors:

Sanofi

JIAHERB

Guangxi Wanshan Spice

Wuhan Dahua Weiye

Sichuan Xieli Pharmaceutical

Layn

Shanghai Pharmaceuticals

Dongyangguang

Shaanxi Hongda

By Types:

Shikimic Acid (98%)

Shikimic Acid (99%)

By Applications:

Medicine & Veterinary Drugs

Cosmetic & Personal Care

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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