
Global Shikimic Acid Market Size Study & Forecast, by Application, Grade, Extraction Method, End-Use Industry and Regional Forecasts 2025-2035
Description
The Global Shikimic Acid Market is valued approximately at USD 8.04 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 4.73% over the forecast period from 2025 to 2035. Shikimic acid, a cyclohexene, is a pivotal biochemical intermediate in the biosynthesis of aromatic amino acids and other phenolic compounds. Its importance in pharmaceutical formulations, particularly in the production of antiviral drugs like oseltamivir (Tamiflu), is driving its surging commercial demand. Furthermore, its role as a precursor in manufacturing various cosmetic and food-grade compounds continues to catalyze cross-industry adoption. Increasing focus on plant-derived and sustainable chemical synthesis, combined with advancements in fermentation and extraction technologies, is further uplifting the market trajectory.
Driven by an escalating requirement for safe and effective pharmaceutical intermediates, the demand for shikimic acid has witnessed substantial growth, particularly from the healthcare and cosmetic sectors. The pharmaceutical-grade variant dominates the global consumption landscape, especially with the intensifying preparedness for influenza pandemics and emerging infectious diseases. Concurrently, rising awareness about organic food additives and clean-label beauty products is fueling its application in food-grade and cosmetic-grade formulations. However, the high cost associated with plant-based extraction and the limited availability of raw materials such as star anise can create bottlenecks in mass production, spurring the need for cost-efficient synthetic biology and fermentation-based alternatives.
Regionally, Asia Pacific is projected to command the largest and fastest-growing share of the shikimic acid market, driven by the abundance of natural sources in China and India, as well as rapidly expanding pharmaceutical and cosmetic manufacturing bases. China’s dominance in star anise cultivation grants it a unique upstream advantage, enabling efficient large-scale extraction. North America, particularly the U.S., continues to be a leading consumer, propelled by innovation in drug development and robust investment in biotechnological research. Meanwhile, Europe remains a stable yet moderately growing market, constrained by regulatory pressures and supply-chain sensitivity. Latin America and the Middle East & Africa are gradually emerging due to improving access to bio-based pharmaceutical ingredients and an increasing footprint of global cosmetics brands.
Major market player included in this report are:
• BASF SE
• Layn Natural Ingredients
• Cayman Chemical
• Alfa Aesar (Thermo Fisher Scientific)
• Toronto Research Chemicals
• Xi'an Henrikang Biotech Co., Ltd.
• TCI Chemicals
• Hubei Yuancheng Saichuang Technology Co., Ltd.
• Shaanxi NHK Technology Co., Ltd.
• Glentham Life Sciences Ltd.
• Merck KGaA
• J&K Scientific Ltd.
• Anhui Primechem Co., Ltd.
• Baoji Guokang Bio-Technology Co., Ltd.
• Sichuan Jisheng Biochemical Co., Ltd.
Global Shikimic Acid Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Application:
• Pharmaceutical Intermediates
• Food Additives
• Cosmetics
• Others
By Grade:
• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade
By Extraction Method:
• Plant Extraction
• Chemical Synthesis
By End-Use Industry:
• Pharmaceuticals
• Food & Beverage
• Cosmetics & Personal Care
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Driven by an escalating requirement for safe and effective pharmaceutical intermediates, the demand for shikimic acid has witnessed substantial growth, particularly from the healthcare and cosmetic sectors. The pharmaceutical-grade variant dominates the global consumption landscape, especially with the intensifying preparedness for influenza pandemics and emerging infectious diseases. Concurrently, rising awareness about organic food additives and clean-label beauty products is fueling its application in food-grade and cosmetic-grade formulations. However, the high cost associated with plant-based extraction and the limited availability of raw materials such as star anise can create bottlenecks in mass production, spurring the need for cost-efficient synthetic biology and fermentation-based alternatives.
Regionally, Asia Pacific is projected to command the largest and fastest-growing share of the shikimic acid market, driven by the abundance of natural sources in China and India, as well as rapidly expanding pharmaceutical and cosmetic manufacturing bases. China’s dominance in star anise cultivation grants it a unique upstream advantage, enabling efficient large-scale extraction. North America, particularly the U.S., continues to be a leading consumer, propelled by innovation in drug development and robust investment in biotechnological research. Meanwhile, Europe remains a stable yet moderately growing market, constrained by regulatory pressures and supply-chain sensitivity. Latin America and the Middle East & Africa are gradually emerging due to improving access to bio-based pharmaceutical ingredients and an increasing footprint of global cosmetics brands.
Major market player included in this report are:
• BASF SE
• Layn Natural Ingredients
• Cayman Chemical
• Alfa Aesar (Thermo Fisher Scientific)
• Toronto Research Chemicals
• Xi'an Henrikang Biotech Co., Ltd.
• TCI Chemicals
• Hubei Yuancheng Saichuang Technology Co., Ltd.
• Shaanxi NHK Technology Co., Ltd.
• Glentham Life Sciences Ltd.
• Merck KGaA
• J&K Scientific Ltd.
• Anhui Primechem Co., Ltd.
• Baoji Guokang Bio-Technology Co., Ltd.
• Sichuan Jisheng Biochemical Co., Ltd.
Global Shikimic Acid Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segments of the market are explained below:
By Application:
• Pharmaceutical Intermediates
• Food Additives
• Cosmetics
• Others
By Grade:
• Food Grade
• Pharmaceutical Grade
• Cosmetic Grade
By Extraction Method:
• Plant Extraction
• Chemical Synthesis
By End-Use Industry:
• Pharmaceuticals
• Food & Beverage
• Cosmetics & Personal Care
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
285 Pages
- Chapter 1. Global Shikimic Acid Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top-Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
- Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. Key Findings
- Chapter 3. Global Shikimic Acid Market Forces Analysis
- 3.1. Market Forces Shaping the Global Shikimic Acid Market (2024–2035)
- 3.2. Drivers
- 3.2.1. Increasing Demand for Antiviral Pharmaceutical Intermediates
- 3.2.2. Rising Adoption in Cosmetics and Food Additives
- 3.3. Restraints
- 3.3.1. High Cost of Plant-Based Extraction
- 3.3.2. Limited Availability of Star Anise and Other Raw Materials
- 3.4. Opportunities
- 3.4.1. Advancements in Synthetic Biology and Fermentation Technologies
- 3.4.2. Expansion of Clean-Label and Organic Product Markets
- Chapter 4. Global Shikimic Acid Industry Analysis
- 4.1. Porter’s Five Forces Model
- 4.1.1. Bargaining Power of Buyers
- 4.1.2. Bargaining Power of Suppliers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter’s Five Forces Forecast Model (2024–2035)
- 4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top Investment Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024–2025)
- 4.7. Global Pricing Analysis and Trends (2025)
- 4.8. Analyst Recommendations & Conclusion
- Chapter 5. Global Shikimic Acid Market Size & Forecasts by Application (2025–2035)
- 5.1. Market Overview
- 5.2. Pharmaceutical Intermediates
- 5.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.2.2. Market Size Analysis, by Region, 2025–2035
- 5.3. Food Additives
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.3.2. Market Size Analysis, by Region, 2025–2035
- 5.4. Cosmetics
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.4.2. Market Size Analysis, by Region, 2025–2035
- 5.5. Others
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 5.5.2. Market Size Analysis, by Region, 2025–2035
- Chapter 6. Global Shikimic Acid Market Size & Forecasts by Grade (2025–2035)
- 6.1. Market Overview
- 6.2. Food Grade
- 6.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.2.2. Market Size Analysis, by Region, 2025–2035
- 6.3. Pharmaceutical Grade
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.3.2. Market Size Analysis, by Region, 2025–2035
- 6.4. Cosmetic Grade
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 6.4.2. Market Size Analysis, by Region, 2025–2035
- Chapter 7. Global Shikimic Acid Market Size & Forecasts by Extraction Method (2025–2035)
- 7.1. Market Overview
- 7.2. Plant Extraction
- 7.2.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.2.2. Market Size Analysis, by Region, 2025–2035
- 7.3. Chemical Synthesis
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
- 7.3.2. Market Size Analysis, by Region, 2025–2035
- Chapter 8. Global Shikimic Acid Market Size & Forecasts by Region (2025–2035)
- 8.1. Regional Market Snapshot
- 8.2. Top Leading & Emerging Countries
- 8.3. North America Shikimic Acid Market
- 8.3.1. U.S.
- 8.3.1.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.3.1.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.3.2. Canada
- 8.3.2.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.3.2.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4. Europe Shikimic Acid Market
- 8.4.1. UK
- 8.4.1.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.1.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4.2. Germany
- 8.4.2.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.2.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4.3. France
- 8.4.3.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.3.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4.4. Spain
- 8.4.4.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.4.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4.5. Italy
- 8.4.5.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.5.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.4.6. Rest of Europe
- 8.4.6.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.4.6.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5. Asia Pacific Shikimic Acid Market
- 8.5.1. China
- 8.5.1.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.1.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5.2. India
- 8.5.2.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.2.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5.3. Japan
- 8.5.3.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.3.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5.4. Australia
- 8.5.4.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.4.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5.5. South Korea
- 8.5.5.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.5.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.5.6. Rest of Asia Pacific
- 8.5.6.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.5.6.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.6. Latin America Shikimic Acid Market
- 8.6.1. Brazil
- 8.6.1.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.6.1.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.6.2. Mexico
- 8.6.2.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.6.2.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.7. Middle East & Africa Shikimic Acid Market
- 8.7.1. UAE
- 8.7.1.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.7.1.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.7.2. Saudi Arabia
- 8.7.2.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.7.2.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.7.3. South Africa
- 8.7.3.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.7.3.2. Grade Breakdown Size & Forecasts, 2025–2035
- 8.7.4. Rest of Middle East & Africa
- 8.7.4.1. Application Breakdown Size & Forecasts, 2025–2035
- 8.7.4.2. Grade Breakdown Size & Forecasts, 2025–2035
- Competitive Intelligence
- 8.1. Top Market Strategies
- 8.2. BASF SE
- 8.2.1. Company Overview
- 8.2.2. Key Executives
- 8.2.3. Company Snapshot
- 8.2.4. Financial Performance (Subject to Data Availability)
- 8.2.5. Product/Services Portfolio
- 8.2.6. Recent Development
- 8.2.7. Market Strategies
- 8.2.8. SWOT Analysis
- 8.3. Layn Natural Ingredients
- 8.4. Cayman Chemical
- 8.5. Alfa Aesar (Thermo Fisher Scientific)
- 8.6. Toronto Research Chemicals
- 8.7. Xi’an Henrikang Biotech Co., Ltd.
- 8.8. TCI Chemicals
- 8.9. Hubei Yuancheng Saichuang Technology Co., Ltd.
- 8.10. Shaanxi NHK Technology Co., Ltd.
- 8.11. Glentham Life Sciences Ltd.
- 8.12. Merck KGaA
- 8.13. J&K Scientific Ltd.
- 8.14. Anhui Primechem Co., Ltd.
- 8.15. Baoji Guokang Bio-Technology Co., Ltd.
- 8.16. Sichuan Jisheng Biochemical Co., Ltd.
- List of Tables
- Table 1. Global Shikimic Acid Market, Report Scope
- Table 2. Global Shikimic Acid Market Estimates & Forecasts by Region 2024–2035
- Table 3. Global Shikimic Acid Market Estimates & Forecasts by Application 2024–2035
- Table 4. Global Shikimic Acid Market Estimates & Forecasts by Grade 2024–2035
- Table 5. Global Shikimic Acid Market Estimates & Forecasts by Extraction Method 2024–2035
- Table 6. Global Shikimic Acid Market Estimates & Forecasts by End-Use Industry 2024–2035
- Table 7. U.S. Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 8. Canada Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 9. UK Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 10. Germany Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 11. France Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 12. Spain Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 13. Italy Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 14. Rest of Europe Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 15. China Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 16. India Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 17. Japan Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 18. Australia Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 19. South Korea Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 20. Brazil Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 21. Mexico Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 22. UAE Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 23. Saudi Arabia Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 24. South Africa Shikimic Acid Market Estimates & Forecasts, 2024–2035
- Table 25. Rest of Middle East & Africa Shikimic Acid Market Estimates & Forecasts, 2024–2035
- List of Figures
- Figure 1. Global Shikimic Acid Market, Research Methodology
- Figure 2. Global Shikimic Acid Market, Market Estimation Techniques
- Figure 3. Global Shikimic Acid Market, Global Size Estimates & Forecast Methods
- Figure 4. Global Shikimic Acid Market, Key Trends 2025
- Figure 5. Global Shikimic Acid Market, Growth Prospects 2024–2035
- Figure 6. Global Shikimic Acid Market, Porter’s Five Forces Model
- Figure 7. Global Shikimic Acid Market, PESTEL Analysis
- Figure 8. Global Shikimic Acid Market, Value Chain Analysis
- Figure 9. Shikimic Acid Market by Application, 2025 & 2035
- Figure 10. Shikimic Acid Market by Grade, 2025 & 2035
- Figure 11. Shikimic Acid Market by Extraction Method, 2025 & 2035
- Figure 12. Shikimic Acid Market by End-Use Industry, 2025 & 2035
- Figure 13. North America Shikimic Acid Market, 2025 & 2035
- Figure 14. Europe Shikimic Acid Market, 2025 & 2035
- Figure 15. Asia Pacific Shikimic Acid Market, 2025 & 2035
- Figure 16. Latin America Shikimic Acid Market, 2025 & 2035
- Figure 17. Middle East & Africa Shikimic Acid Market, 2025 & 2035
- Figure 18. Global Shikimic Acid Market, Company Market Share Analysis (2025)
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.