The global demand for Chitosan Market is presumed to reach the market size of nearly USD 31.25 MN by 2028 from USD 8.22 MN in 2021 with a CAGR of 27.12% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Chitosan is a polysaccharide chitin derivative derived from the shells of marine animals such as shrimp, lobsters, crabs, and others. Deacetylation of chitin recovered from crustacean shell waste makes commercial chitosan. Chitosan is frequently used in dietary supplements because it inhibits lipid absorption in the gastrointestinal tract. Chitosan is commonly used in healthcare due to its biocompatibility and biodegradability features. Chitosan's anticoagulant characteristics make it ideal for treating wounds as a hemostatic bandage. It's also utilized in agriculture as a biopesticide to limit pathogenic consequences on trees, plant growth promoters, and water purification. Chitosan is employed in polyurethane paints and coatings, organ bioprinting, and food preservatives. Chitosan is a high-fiber food increasingly being used as a weight-loss supplement. Because it can absorb hazardous particles, grease, oils, and metals, it's also utilized in water treatment facilities. Chitosan is also used in food and beverage, agrochemicals, and medicinal and pharmaceutical products.
Market Dynamics
The growth of waste from the seafood sector increased chitosan applications, and government support for waste use is driving the global chitosan market. The easy availability of chitosan's primary material, derived as a waste product from the fishing industry, is the primary factor fueling the demand of the chitosan market. Moreover, the market is expected to grow over the forecast period due to increased demand for bio-based cosmetics. The easy availability of fungal waste in agriculture and the artificial generation of fungi using inexpensive nutrients and simple chemical techniques may present the profit potential for the chitosan business. The industrial-grade chitosan market is developing due to rising demand for non-chemical products/technologies such as membranes and UV disinfection in water treatment and agrochemical applications. However, the high cost of bulk water treatment manufacturing may limit market expansion.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of chitosan. The growth and trends of Chitosan Industry provide a holistic approach to this study.
Market Segmentation
This section of the chitosan market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Water Treatment
- Biomedical & Pharmaceutical
- Cosmetics
- Food And Beverage
- Others
By Source
- Shrimp
- Squid
- Crab
- Krill
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Chitosan market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Chitosan Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the chitosan market include Advanced Biopolymers As, Agratech International, Inc, Golden-Shell Pharmaceutical Co. Ltd, G.T.C. Bio Corporation, Heppe Medical Chitosan GMBH, Kitozyme S.A, Novamatrix, Panvo Organics Pvt Ltd, Primex EHF, Qingdao Yunzhou Biochemistry Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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