Chitosan Market Research, Gross Ratio, Driven Factors, and Forecast 2030

Chitosan Market Overview

The global chitosan market is estimated to thrive at a healthy CAGR of over 25.90% during the review timeframe. The report further predicts that the market will acquire over USD 8.5 billion by 2030.

Chitosan refers to a linear polysaccharide, and it is obtained by treating the chitin shells of shrimp and other crustaceans using an alkaline substance, such as sodium hydroxide. The global chitosan market share has registered enormous growth in the last few years. The market's growth is primarily attributed to the increasing demand from the cosmetics and personal care industries across the globe. Furthermore, the factors such as increasing scope for application in wastewater treatment, wide use of chitosan in food products & beverages, and growing adoption in agriculture industries are also projected to boost the demand for the market over the coming years. on the other hand, the abundant availability of raw materials and high production cost is projected to have an adverse impact on the market's growth.

Competitive Analysis

The global chitosan market has a strong and competitive landscape. Players worldwide are implementing numerous growth policies such as mergers, strategic collaborations, etc., in order to grow their global market footprint. In addition, the growing number of research & development activities in the field to launch innovative solutions is set to encourage new entrants to enter the global chitosan market.

The global chitosan market has prominent players such as Jinan Haidebei Marine Bioengineering Co. Ltd. (China), Dainichiseika Color & Chemicals (Japan), Golden-Shell Pharmaceutical Co. (China), Xianju Tengwang Chitosan Factory (China), Zhejiang Golden-Shell Pharmaceutical Co., Ltd. (China), G.T.C. Bio Corporation (China), Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), P.T. Biotech Surindo. (Indonesia), Dupont Corporation (U.S.), Primex ehf (Iceland), Panvo Organics Pvt., Ltd. (India), KitoZyme S.A. (Belgium), Taizhou City Fengrun Biochemical Co., Ltd. (China), and BIO21 Co., Ltd. (Thailand) among several others.

Segment Analysis

The global chitosan market has been fragmented into several segments based on source, application, and region.

Based on the source, the chitosan market is split into fungi, shrimps, lobsters, crabs, prawns, and others.

Based on application, the global chitosan market is split into agriculture, food & beverages, cosmetics & personal care, pharmaceuticals & nutraceuticals, and others.

Regional Analysis

The global chitosan market research analyzed across five major regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa.

The MRFR analysis suggests that the North American region is projected to lead the global chitosan market over the assessment era. The regional market's growth is mainly credited to the growing demand for naturally derived water treatment chemicals across the region. In addition, the presence of prominent market players using chitosan in personal care products and food products is another crucial factor causing an upsurge in the regional market's growth. Furthermore, the growing applications for chitosan in the cosmetics and baked food market are likely to catalyze the demand for chitosan over the assessment timeframe.

The chitosan market for the Asia-Pacific region is likely to record the highest growth rate over the forecasted timeframe. The regional market's growth is mainly credited to the presence of a large number of chitosan manufacturers across China and Japan. Furthermore, the easy availability of raw materials is another major aspect boosting the regional market's growth. In addition, the factors such as the increasing application of chitosan in several end-user industries and speedy urbanization across the developing nations are projected to positively impact the regional market's growth over the assessment timeframe.

Recent Developments

•            March 2022- the leading innovator of chitosan chemistry solutions for water treatment, agriculture, and textile, Tidal Vision Products, Inc., has announced that it has officially been certified by N.S.F. International for selling naturally derived, biodegradable chitosan product, Tidal Clear™ PW, to drinking water treatment facilities. The move signifies an industry shift in drinking water treatment processing, where the non-biodegradable aluminum-based coagulants are still in use.

•            March 2022- Tidal Vision, a firm that got a financial boost from the Port of Bellingham, is set to make a big splash in the water treatment industry. The company has introduced a technique of extracting a biopolymer called chitosan from crab shells.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
 

Comments

Post a Comment

Popular posts from this blog

3D Printed Steak Market Exploring Its Impact on the Food Industry

  3D Printed Steak Market Overview 3d printed steak market size was estimated at 5.078 (USD billion) by 2032 with CAGR of 59.24% The 3D printed steak market represents a cutting-edge intersection of food technology and culinary innovation. By leveraging 3D printing technology, manufacturers can create steaks from plant-based ingredients, cultured meat cells, or a combination of both, aiming to replicate the taste, texture, and appearance of traditional meat. This market is driven by various factors including the rising demand for sustainable food sources, ethical concerns regarding animal welfare, and technological advancements in food production. 3D printed steaks offer significant advantages, such as the ability to precisely control the nutritional content and reduce environmental impact compared to conventional meat production. The market is at a nascent stage but holds immense potential, attracting significant investments and interest from food tech companies, venture ca...
Read more

Edible Insects Market Insights: Drivers, Key Players, and Forecast 2032

Image
Edible Insects Market Overview The Global Edible Insects Market 2022 is poised to witness substantial growth over the review period. Edible Insects Market is projected to register a CAGR of 28.36 % and reach a value of USD 10.40 billion by 2032 Market Highlights In the food and feed industry, increased market interest in edible insects is increasing due to amino acids and essential minerals, which have many health benefits associated with intake. Edible insects are rich in calories, fibre, energy, minerals, vitamins, and fatty acids, which have demonstrated a limitless tendency for the products of edible insects. In addition, the increased preference for natural ingredients in food & beverage products has fuelled the global consumer demand for edible insects. In addition, the increasing effect of the use of chemical fertilisers and other harmful substances in the crop sector on the environment has raised demand for organic food due to the low environmental impact on nutrition and s...
Read more

Breakfast Bars Market: A Comprehensive Analysis on Share of Competitor

  Breakfast Bars Market Overview Breakfast bars market is expected to grow from 14.78(USD billion) in 2024 to 17.7 (USD billion) and CAGR of 2.28% during the forecast period (2024 - 2032). The breakfast bars market has experienced significant growth over recent years, driven by the rising demand for convenient and healthy breakfast options. With the modern lifestyle becoming increasingly hectic, consumers are seeking quick and nutritious alternatives to traditional breakfast meals. Breakfast bars, known for their convenience, portability, and nutritional benefits, are filling this niche effectively. These products are generally made from a blend of ingredients such as oats, nuts, dried fruits, and sweeteners, often fortified with vitamins and minerals. They come in various forms, including granola bars, protein bars, and cereal bars, catering to diverse consumer preferences. The market is characterized by a high degree of innovation, with manufacturers constantly introducing...
Read more