NEW YORK, Sept. 28, 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). 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. 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.
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.
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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
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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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Chitosan Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.07% |
Market growth 2023-2027 |
USD 11.15 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
17.17 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 58% |
Key countries |
US, China, Japan, Germany, and the UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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 |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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