Chitosan Market size is to grow by USD 11.15 billion from 2022 to 2027, Emerging applications from end-user industries are notably driving the chitosan market - Technavio

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Nov 14, 2023, 03:15 ET

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The chitosan market is expected to grow by USD 11.15 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 18.07% during the forecast period, according to Technavio. Emerging applications from end-user industries are notably driving the chitosan market. However, factors such as Limitations of chitosan affecting its demand may impede market growth. The market is segmented by end-user (water treatment, food and beverage, cosmetics, pharmaceutical and biomedical, and others), source (shrimps, prawns, crabs, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a Free Sample Report.

Technavio has announced its latest market research report titled Global Chitosan Market 2023-2027

Chitosan Market 2023-2027: Company Analysis

Advanced Biopolymers AS - The company offers a variety of chitosan products such as food-grade chitosan, pharmaceutical-grade chitosan, and industrial-grade chitosan.

We provide a detailed analysis of 20 companies operating in the chitosan market including Advanced Biopolymers AS, Axio Biosolutions Pvt. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Golden Shell Pharmaceutical, Heppe Medical Chitosan GmbH, KIMICA Corp., KitoZyme LLC, Kraeber Co GmbH, Marshall Marine Products, Meron Group, Nitta Gelatin India Ltd., Panvo Organics Pvt. Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Tagrow Co. Ltd., Tokyo Chemical Industry Co. Ltd., Novamatrix, Primex ehf, and Xianju Tengwang Chitosan Factory.

This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

Chitosan Market 2023-2027: Segmentation

End-user

The water treatment segment is estimated to witness significant growth during the forecast period. The use of chitosan as a disinfectant has increased in the area of water treatment, thanks to its ability to remove toxic metals and chemicals from wastewater. As it is considered to be the most effective material for the adsorption of water pollutants in wastewater treatment, the use of this segment is becoming more and more popular. High biodegradability, hydrophilicity, biocompatibility, and the absence of toxicity are some of the major properties of chitosan. In addition, it is widely used in the wastewater treatment segment as it has a high content of amino and hydroxyl functional groups that enable the removal of various aquatic pollutants. In addition, chitosan also neutralizes and agglomerates suspended anionic colloidal particles due to the presence of cationic charge in chitosan, allowing the reduction of chemicals in wastewater. Hence, these factors are expected to drive segment growth during the forecast period.

Other segments include source (shrimps, prawns, crabs, and others)

Geography

APAC is estimated to contribute 58% to the growth of the global market during the forecast period. The increasing demand for foods, beverages, pharmaceutical and biopharmaceutical products as well as cosmetic products is one of the major factors that has significantly contributed to the development of the global Chitosan market in Asia Pacific. In addition, abundant raw materials, including shrimp and crab, in China, Vietnam, Japan, and Thailand, make the Asia Pacific region a leading producer of chitosan and chitosan derivatives. One of the major markets with increasing chitosan consumption in APAC is Japan due to its abundant supply of chitosan as well as the increasing use of chitosan in wastewater treatment. Furthermore, the growing use of chitosan in wastewater treatment and cosmetics has a positive impact on the market in the region. Hence, these factors are expected to drive market growth in the region during the forecast period.

Other regions include North America, Europe, South America, and Middle East and Africa

Learn about the market analysis of each segment summarized in concise infographics and thorough descriptions. View the Free PDF Sample Report

Chitosan Market 2023-2027: Key Highlights

Historic Market Size 2017-2021
CAGR of the market during 2023-2027
Detailed information on factors that will assist chitosan market growth during the next five years
Estimation of the chitosan market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the chitosan market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of chitosan market companies

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-User

Market Segmentation by Source

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio