IMARC Group has recently released a new research study titled “Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future chitosan market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
How big is the chitosan market?
The global chitosan market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.
What is the chitosan?
Chitosan is an amino polysaccharide polymer that is primarily found in various aquatic animals, including crab, lobster, shrimp, and crayfish shells. It is commercially produced through chemical or enzymatic deacetylation of chitin, which is a non-toxic, antimicrobial, and non-allergenic substance. It also contains fibers, biocompatible, anticoagulant, and haemostatic properties, due to which it is extensively used in the pharmaceutical sector as an ingredient in medicines to treat anemia, high cholesterol levels, insomnia, and obesity.
Other applications of chitosan include dietary supplements, food packaging, wound care, wastewater treatment procedures, and developing tablet coatings to improve the dissolvability of active ingredients.
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What are the growth prospects and trends in the chitosan industry?
The widespread product adoption across various industries can be attributed to the increasing need for organic and biodegradable chemical polymers or fibers. For instance, in the cosmetic and personal care industries, chitosan is widely used as a natural antimicrobial agent to manufacture anti-aging creams, hair care products, such as styling gels, shampoos, hair colorants, and oral care essentials.
Additionally, the rapid expansion in the food and beverage (F&B) sector and the rising uptake of nutraceuticals have facilitated the utilization of chitosan as a preservative, fungicide, and additive, which is propelling the market growth. Besides this, the growing environmental concerns have prompted workers to employ chitosan in waste treatment plants to remove pesticides, surfactants, and other toxins from the water, which is supporting the market growth.
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Who are the key players operating in the industry?
The report covers the major market players including:
Chitosan Key Companies:
- Primex EHF
- Heppe Medical Chitosan
- Advanced Biopolymers AS
- Meron Biopolymers
- Golden-Shell Biochemical
- FMC Corporation
- Axio Biosolutions
- Marshall Marine Products
What is included in market segmentation?
The report has segmented the market into the following categories:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Water Treatment
- Food & Beverages
- Medical & Pharmaceuticals
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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