Global Chitosan Market Worth Us$9.4 Billion By 2026
According to a new market research report, ‘Chitosan Market by Source (Shrimp, Crab, Krill, Squid, Others), by Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), by Application (Water Treatment, Pharmaceutical & biomedical, Cosmetics, Food & beverage, Others) and by Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Forecasts 2017 to 2027’, published by ResearchCMFE (www.ResearchCMFE.com). The total global Chitosan product market is expected to be worth US$40.3 billion by 2027, and the Asia-Pacific accounted for the highest chitosan market share, owing to easy availability of crustacean waste in coastal areas. The global Chitosan product market is expected to record a CAGR of 24.9% from 2020 to 2027.
Browse in-depth TOC and Segmentation on Chitosan market.
Buyers will also receive Covid -19 impact analysis and customization options along with this report
Chitosan Market: Introduction
Chitosan is a polymer of an amino polysaccharide produced from the shells of lobsters, crabs, shrimp, and crayfish. Each staple has different chitosan content and thus plays an important role in commercial production. Shrimp is considered the main source of chitosan. Chitosan reduces the absorption of lipids from the gastrointestinal tract and is widely used in food supplements. Owing to its properties of biocompatibility and biodegradability, it is widely used in healthcare applications. The anticoagulant properties of chitosan make it suitable for haemostatic dressings for the treatment of wounds. In addition, it is also used as a biological pesticide in agriculture to limit pathogenic effects on plants and plant growth promoters and for water treatment. It is also used in polyurethane paints and coatings, organ bioprinting, and as a food preservative.
Chitosan Market: Factors Driving Growth
The increasing application of products in the water treatment, pharmaceutical and biomedical, cosmetic, food, and beverage industries is expected to drive market growth. Growing demand for products from the cosmetic industry and the growing range of products in wastewater treatment are also expected to drive the growth of the market. In addition, the removal of strict regulations by the Mexican Government restricting the establishment of new manufacturing units has led to the development of large-scale new pharmaceutical manufacturing facilities in the region. This strategy has played an important role in the growth of the domestic pharmaceutical industry, which is expected to drive demand for the product in the coming years. However, the high cost of products based on quality and purity is expected to hinder the growth of the market. One of the main factors driving the demand for chitosan is the easy availability of the raw material, obtained from the by-products of the seafood industry.
China became the epicenter of the SARS-CoV-2 outbreak in December 2019, which later spread internationally. In 2020, the World Health Organization (WHO) declared COVID-19 a global health emergency. Addressing the impacts of viral diseases like COVID-19 has required research and development activities by researchers around the world. Therefore, the COVID-19 outbreak is expected to positively impact the growth of the market, as the application of chitosan polymer as a virus inhibitor will create key development opportunities shortly. In addition, biofilm-forming agents, such as chitosan, have inherent antiviral properties. However, to date, there are no reports of nanostructured drug delivery systems (NDDS) treatment in the form of COVID-19. This could be a new approach to dealing with COVID-19 shortly.
The report is titled ‘Chitosan Market by Source (Shrimp, Crab, Krill, Squid, Others), by Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), by Application (Water Treatment, Pharmaceutical & biomedical, Cosmetics, Food & beverage, Others), and Region - Global Forecasts 2017 to 2027' and was published in November 2020.
Market Segmentation and Scope of the ‘Chitosan Market’ report
This report, aims to identify and analyse Source, Grade and Applications of Chitosan. The report has segmented the global Chitosan market as follows:
Chitosan Source market
The market of Chitosan market has been segmented in terms of Source as Shrimp, Crab, Krill, Squid, Others.
Chitosan Grade market
The market of Chitosan market has been segmented in terms of Grade as Industrial Grade, Food Grade, and Pharmaceutical Grade.
Chitosan Market by Application level
The market of Chitosan market has been segmented in terms of Application as Water Treatment, Pharmaceutical & biomedical, Cosmetics, Food & beverage, and Others.
Chitosan Market by Geography
The market of Chitosan market has been segmented in terms of geography as North America, Europe, Asia Pacific, South America, and ROW. Major countries have been analyzed in each of these geographies
Key Companies Analysed by this report include: Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical Chitosan GmbH, KitoZyme S.A, Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd., Primex EHF, Nano3Bio, and Koyo World (Hong Kong) Co. Ltd. amongst others
The unique insights and benefits provided by this report also include the following:
- In-depth value chain analysis
- Opportunity mapping
- Sector snapshot
- Technology landscape
- Regulatory scenario
- Patent trends
- Market trends
- Covid-19 impact analysis
- Raw material supply analysis
- Pricing trends
- Sustainability trends and environmental concerns
- Critical Success Factors
- Sources of competitive advantage
- Customer preferences
Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook. This report will also provide market date in the form tables and charts for various geographic regions covering the sub-segments and micro-markets. In addition, the report also provides company profiles for each of its sub-segments.