According to the latest report by IMARC Group, titled “Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global chitosan market size reached US$ 2.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 12.67% during 2022-2027.
Market Outlook:
Chitosan refers to a naturally surfacing deacetylated chitin that is extracted from the shells or hard outer skeleton of crabs, shrimps, lobsters, mushrooms, and yeasts. It is mainly used as an element in medicines for treating various chronic conditions, such as obesity, anemia, high cholesterol levels, kidney failure, hyperphosphatemia, insomnia, and Crohn’s disease. In the pharmaceutical sector, chitosan is utilized as a filler in tablets, in the development of edible films, and as a carrier in controlled-release drugs to enhance the dissolvability of certain medicinal salts. It also has antibacterial and antifungal properties. As a result, chitosan finds widespread applications as a natural antimicrobial agent in several industries, including cosmetics, agriculture, and food and beverage (F&B) across the globe.
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Chitosan Market Application:
The expanding pharmaceutical industry and the elevating requirement for wastewater treatment across the globe are among the primary factors driving the chitosan market. Besides this, the escalating product utilization in the production of hemodialysis membranes, biomedical and tissue regeneration devices, and implant coatings for drug delivery systems, owing to their antibacterial and antimicrobial properties, is further augmenting the market growth. Moreover, the growing popularity of chitosan in the water treatment plants for eliminating impurities present in the municipal, industrial, and commercial waste, including phosphorous, heavy minerals, and oils, and as a flocculating, coagulating, and chelating agent is also catalyzing the global market. Apart from this, the increasing product need as a food additive and dietary supplement, on account of its non-toxic nature, is acting as another significant growth-inducing factor. Furthermore, the launch of several policies by the government bodies to improve the quality of surface, ground, and drinking water is expected to bolster the chitosan market in the coming years.
Chitosan Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the chitosan market has been studied in the report with the detailed profiles of the key players operating in the market.
Major Players Covered:
- Primex EHF
- Heppe Medical Chitosan
- Advanced Biopolymers AS
- Meron Biopolymers
- Kitozyme
- Golden-Shell Biochemical
- FMC Corporation
- Agratech
- Axio Biosolutions
- Marshall Marine Products
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Grade:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Breakup by Source:
- Shrimp
- Crab
- Squid
- Krill
- Others
Breakup by Application:
- Water Treatment
- Food & Beverages
- Cosmetics
- Medical & Pharmaceuticals
- Agrochemicals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report Description At: https://www.imarcgroup.com/chitosan-market
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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