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

Date: Jul 2021 Report Id: 82 Category: Renewable Chemicals Report Format: pdf-img excel-img ppt-img word-img

Chitosan Market Report Overview

The Chitosan market is projected to grow at a CAGR of 24.9% to reach USD 40.34 billion by 2027 from 8.4 USD billion in 2020. The growth of the Chitosan market is often dedicated to the unique properties of Chitosan. Chitosan is biodegradable, bioactive, biocompatible, and nontoxic in nature. These characteristics are very much useful in water treatment, cosmetics, medical & pharmaceuticals, food & beverages, and agrochemicals applications thus driving the market. In 2020, Asia Pacific dominated the market by region in terms of both value and volume.

Chitosan Market

Chitosan Market: General Trends

  • The increasing application of products in the water treatment, pharmaceutical and biomedical, cosmetic, food, and beverage industries is expected to drive market growth
  • 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.
  • 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. Fishing is one of the most important activities, most important to the people of Asia-Pacific.
  • According to the Food and Agriculture Organization of the United Nations, China has emerged as a major player in the global shrimp chitosan market.

Covid-19 Analysis of Chitosan Market

The outbreak of the COVID-19 pandemic has expanded the market for Chitosan. 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.

Application Segment Trends Impact
Water Treatment The water treatment segment holds the largest market share during the forecast period. Chitosan is a natural fiber. Due to its biocompatibility, bioactivity, toxicity, biodegradability, fiber feeding properties and adsorption capacity, it is used in a wide variety of applications such as coagulants, water treatment and flocculants in water treatment. Positive
Pharmaceutical & biomedical The pharmaceutical and biomedical applications of chitosan and its derivatives are arousing growing interest and significant development has been achieved. Chitosan and its derived nanoparticles can be used as transport materials for nano-delivery systems and have a wide range of biomedical applications, such as drug delivery, vaccine delivery and antimicrobial agents, bacteria and wound healing. Positive
Food & beverage The chitosan substrate can be used in beverages as an active preservative and encapsulation. These positively charged polysaccharides are used in the clarification of beverages. Low molecular weight chitosan is preferred for encapsulation of bioactive compounds. The structural and physicochemical properties of chitosan may be suitable for each application. Positive
Cosmetics Chitosan and its derivatives have many interesting functions in cosmetic preparations, i.e. film-forming agent, colloidal agent, viscosity increasing agent, humectant, antibacterial, anti-inflammatory, antioxidant and anti-aging properties, and stabilizers emulsion. Positive

Chitosan Market Segmentation:

The research report analyses the ecosystem of Chitosan and categorizes the Chitosan Market to forecast the revenues and analyse the trends in each of the following below mentioned market segments.

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

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Norway
    • Italy
    • Spain
    • Netherlands
    • Rest Of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
    • Rest Of Asia Pacific
  • South America
  • ROW

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Technology landscape
  5. Regulatory scenario
  6. Patent trends
  7. Market trends
  8. Covid-19 impact analysis
  9. Raw material supply analysis
  10. Pricing trends
  11. Sustainability trends and environmental concerns
  12. Critical Success Factors
  13. Competitive Landscape
  14. Customer preferences

In terms of Source, shrimp chitosan segment is estimated to be the largest segment during the forecast period

In terms of source, the shrimp chitosan segment accounted for the highest share of the market, some of the driving factors include, strong demand for shrimp chitosan for water treatment and in the food industry. Chitosan derived from shrimp cells is biocompatible and biodegradable and non-toxic, unlike other chemicals.

By grade, the industrial Grade is expected to be the largest segment

The industrial-grade chitosan segment is accounted for the largest market share by both volume and value. The factors that can be attributed to the growing demand for non-chemical products/technologies such as membranes and UV disinfection in water treatment and agrochemical applications are accelerating the demand for the industrial-grade chitosan segment.

Asia-Pacific is expected to be largest segment in the forecast period

In 2020, Asia-Pacific dominated the market by region both in terms of value and volume. The Asia-Pacific holds the largest share of chitosan, due to the easy wastage of shellfish in coastal areas. Additionally, shellfish are produced and consumed in large quantities in China, Japan, and Thailand, making shell scraps readily available in this region. North America is expected to experience significant growth, driven by increased adoption of chitosan-based biomedical and pharmaceutical products, including dressings and weight loss supplements.

The report also provides analysis of recent news and developments in the Chitosan markets value chain:

Sr. No. Date News Category Description
1 Feb 2019 Product launch Axio Biosolutions introduces MaxioCel, cutting-edge innovation in advanced wound care. Business Wire India launching the innovation in wound care, AxioBiosolutions has introduced MaxioCel, a next-generation wound care dressing made out of chitosan.
2 September 2019 Business Expansion Axio Biosolutions, a MedTech business invested by Ratan Tata's UC- RNT, has become the world's biggest producer of chitosan medical sponges. This excellent bio-material has potential applications in wound care management. Recently, Axio Biosolutions, headquarters located in Bengaluru, grown its manufacturing facility at Gujarat Pharma Techno Park in Ahmedabad to one million units yearly, according to a business statement.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  1. Medtronic plc.
  2. Koninklijke Philips N.V.
  3. OMRON Corporation
  4. Biotelemetry Inc.
  5. Apple, Inc.
  6. Dexcom Inc.
  7. Abbott Laboratories
  8. Masimo Corporation
  9. GE Healthcare
  10. Bio-Beat Technologies
  11. iRhythm Technologies, Inc.
  12. VitalConnect
  13. Minttihealth
  14. Preventice Solutions, Inc.
  15. CONTEC Medical Systems Co. Ltd
  16. Biotricity Inc.
  17. Verily Life Sciences.
  18. Cyrcadia Asia Limited
  19. ten3T healthcare
  20. Fitbit, Inc.
  21. Garmin Ltd
  22. Xiaomi Technologies
  23. Huawei Corporation
  24. Philips Electronics
  25. Basis Science
  26. Garmin
  27. Covidien
  28. Omron Corp.
  29. Withings
  30. Others

Frequently Asked Questions (FAQs)

The Chitosan Market was estimated at 8.40 USD billion in 2020
The Chitosan Market is estimated to grow at a CAGR of 24.9%
Shrimp source segment was estimated to be the largest market segment of Chitosan market in the forecast period.
The key players in this market 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, and Chitosanlab.
The report analyses the impact of Covid-19 on Chitosan Market in detail. All the application segments were impacted positively.
In terms of application the Water Treatment application is expected to be the largest segment
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

    1. Product Outline
    2. What is Chitosan
    3. Different types of Chitosan  
    4. Analysis of Chitosan  ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
    9. Patent Analysis
  2. Technology and Regulatory Landscape for Chitosan    
    1. Regulations and Standards
    2. Technological Development
  3. Chitosan Market Pricing Analysis
    1. Prices of Chitosan   
  4. Chitosan  Market by Source
    1. Shrimp
    2. Crab
    3. Krill
    4. Squid
    5. Others
  5. Chitosan  Market  by Grade
    1. Industrial Grade
    2. Food Grade
    3. Pharmaceutical Grade
  6. Chitosan  Market  by Application
    1. Water Treatment
    2. Pharmaceutical & biomedical
    3. Cosmetics
    4. Food & beverage
    5. Others
  7. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  8. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  9. Key Market Trends / Recent Developments
  10. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
    1. Qingdao Yunzhou Biochemistry Co.         
    2. Panvo Organics Pvt. Ltd.               
    3. Advanced Biopolymers AS           
    4. Meron Biopolymers       
    5. Biophrame Technologies             
    6. United Chitotechnologies Inc.    
    7. Heppe Medical Chitosan GmbH
    8. KitoZyme S.A    
    9. Foodchem International Corporation     
    10. Chitosanlab       
    11. FMC Corporation             
    12. Golden-Shell Pharmaceutical Co. Ltd.     
    13. Primex EHF        
    14. Nano3Bio           
    15. Koyo World Co. Ltd.       
    16. Dainichiseika Color & Chemicals Mfg. Co. Ltd.     
    17. KYTOSAN LLC    
    18. G.T.C. Bio Corporation
    19. Novamatrix
    20. Agratech International, Inc.
    21. Vietnam Food
    22. BIO21 Co., Ltd.
    23. Taizhou City Fengrun Biochemical Co., Ltd.           
    24. Zhejiang Golden-Shell Pharmaceutical Co., Ltd.
    25. FMC Corporation             
    26. Axio Biosolutions             
    27. Marshall Marine Products           
    28. KIMICA Corporation       
    29. Dupont Corporation       
    30. Kraeber & co. Gmbh      

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