Global Chitosan Market Share Is Likely To Reach At A CAGR Value Of Around 24.10% By 2028

14-Sep-2022 | Facts and Factors

According to Facts and Factors, the global chitosan market size was worth USD 23.10 billion in 2021 and is estimated to grow to USD 84.33 billion by 2028, with a compound annual growth rate (CAGR) of approximately 24.10% over the forecast period. The report analyzes the chitosan market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the chitosan market.

Global Chitosan Market Size

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Chitosan is a natural polysaccharide that exhibits biodegradability, non-toxicity, biocompatibility, hemostatic & adhesion, and penetration-enhancing properties. It also has antibacterial properties. Chitosan is a polysaccharide containing N-acetyl-D-glucosamine and D-glucosamine linkages. It can make by treating shrimp with an alkaline substance such as sodium hydroxide. Chitosan is a by-product of fishing. Chitosan is a long-chain polymer found in aquatic animals such as shrimp, crab, shrimp, and lobster. Growing water treatment activities in the Asia-Pacific region and rising R&D investments for using chitosan in biomedical applications present lucrative opportunities for global chitosan market trends. The serious problem of heavy metal ion pollution from industrial wastewater and discharge into freshwater sources seriously threatens human health and the environment.

Browse the full “Chitosan Market Size, Share, Growth Analysis Report By Source (Shrimp, Squid, Crab, Krill, and Others), By Application (Water treatment, Biomedical & Pharmaceutical, Cosmetics, Food and Beverage, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/chitosan-market

Market players operating in the global chitosan market are focused on strengthening partnerships and collaborations with fish producers to generate revenue streams. Other factors driving the market growth include expanding product applications in biomedical, cosmetic, food & beverage industries, increasing water treatment activities worldwide, and strong advancements in the healthcare/medical industry in developed countries. Systems composed of chitosan utilize the properties of chitosan to achieve superior therapeutic effects. For example, the adhesive properties of chitosan can be used for non-invasive mucosal vaccine vectors. Therefore, systems composed of chitosan have great potential for the treatment of infectious diseases. The increasing use of chitosan in numerous end-use industries also drives the chitosan market. Moreover, increasing demand for organic ingredients in cosmetics will increase the market share of chitosan during the forecast period.

The global chitosan market has been segmented into sources, applications, and region. Based on the source, the market is classified into shrimp, squid, crab, krill, and others. In 2021, the shrimp category dominated the global market. Based on application, the market is classified into water treatment, biomedical & pharmaceutical, cosmetics, food & beverage, and others. In 2021, the water treatment category dominated the global chitosan market. The increasing usage of chitosan products in water treatment processes supported the growth of the water treatment segment in the global market.

The global chitosan market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America is anticipated to have a dominating position in the worldwide market for chitosan during the forecast period. Growing awareness of water treatment in the United States, growing demand for cosmetics, and the presence of key players are the factors influencing regional market growth. In addition, increasing medical expenses and the presence of well-established medical infrastructure are driving the growth of the overall regional market significantly. Manufacturers invest heavily in research and development activities to develop pure quality chitosan. Increasing demand for naturally derived water treatment chemicals is expected to be a key factor driving the growth of the chitosan market.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 7,192.30 Million

Projected Market Size in 2028

USD 26,272.32 Million

CAGR Growth Rate

24.10% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Advanced Biopolymers AS, Agrotech International Inc, Golden-Shell Pharmaceutical Co Ltd, GTC Bio Corporation, Heppe Medical Chitosan GmbH, Kitozyme SA, Novamatrix, Panvo Organics Pvt Ltd, Primex EHF, Qingdao Yunzhou Biochemistry Co Ltd., and Others

Key Segment

By Source, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Key players in the global 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, and Qingdao Yunzhou Biochemistry Co Ltd.

Recent Development:

  • March 2021: In Brazil, the University of Brasilia collaborates with the Brazilian University of Campinas, Centro de Pesquisa em Biotecnologia Ltda, Hospital Regional da Asa Norte (HRAN), Hospital da Região Leste (HRL) ) and Hospital Universitário de Brasília. (HUB/UnB) VESTA clinical study was conducted to evaluate the efficacy of a new ventilator using chitosan nanoparticles to reduce the incidence of SARS-CoV-2 infection in healthcare workers.

Global Chitosan Market is segmented as follows:

By Source

  • Shrimp
  • Squid
  • Crab
  • Krill
  • Others

BY Application

  • Water treatment
  • Biomedical & Pharmaceutical
  • Cosmetics
  • Food and Beverage
  • Others

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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