Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • April 2021 •
  • 107 pages •
  • Report ID: 5834488 •
  • Format: PDF

Market Overview:
The global chitosan market reached a value of US$ 2.49 Billion in 2020. Chitosan is a naturally occurring deacetylated chitin which is extracted from the hard outer-skeleton or shells of shrimps, crabs and lobsters, along with mushrooms and yeasts. It is primarily used as an ingredient in medicines for treating various conditions, such as kidney failure, obesity, anemia, high cholesterol levels, hyperphosphatemia, insomnia and Crohn’s disease. In the pharmaceutical manufacturing sector, chitosan is utilized in the development of edible films; as a filler in tablets; a carrier in controlled-release drugs and to improve the dissolvability of certain medicinal salts. Having antibacterial and antifungal properties, chitosan is extensively used as a natural antimicrobial agent in the cosmetics, agricultural and food industries.

The growing pharmaceutical industry, along with the increasing requirement for wastewater treatment across the globe represent the key factors driving the growth of the market. In the pharmaceutical industry, chitosan being a biomaterial with antibacterial and antimicrobial properties is gaining demand in the production of biomedical and tissue regeneration devices, hemodialysis membranes, and implant coatings for drug delivery systems. Furthermore, its demand is also increasing in the water treatment plants for eliminating impurities present in the industrial, municipal, and commercial waste, including heavy minerals, phosphorous and oils. It is also used as a flocculating, coagulating, and chelating agent, which is further acting as a major growth-inducing factor. Additionally, owing to its non-toxic nature, chitosan is increasingly being adopted as a food additive and dietary supplement. Other factors contributing to the market growth include various government policies aimed to improve the quality of surface, ground and drinking water, coupled with the enhanced research and development (R&D) to develop chitosan from non-aquatic sources. Looking forward, the analyst expects the global chitosan market to exhibit strong growth during the forecast period (2021-2026).

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global chitosan market report, along with forecasts for growth at the global, regional, and country-level from 2021-2026. Our report has categorized the market based on region, grade, source, and application.

Report Coverage:
Historical, Current and Future Market Trends

Market Breakup by Grade:
Industrial Grade
Food Grade
Pharmaceutical Grade

Market Breakup by Source:
Shrimp
Crab
Squid
Krill
Others

Market Breakup by Application:
Water Treatment
Food & Beverages
Cosmetics
Medical & Pharmaceuticals
Agrochemicals
Others

Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Primex EHF, Heppe Medical Chitosan, Advanced Biopolymers AS, Meron Biopolymers, Kitozyme, Golden-Shell Biochemical, FMC Corporation, Agratech, Axio Biosolutions, Marshall Marine Products, etc.

Key Questions Answered in This Report:
1. What was the global chitosan market size in 2020?
2. What will be the chitosan market outlook during the forecast period (2021-2026)?
3. What are the major global chitosan market drivers?
4. What are the major trends in the global chitosan market?
5. What is the impact of COVID-19 on the global chitosan market?
6. What is the global chitosan market breakup by the grade?
7. What is the global chitosan market breakup by source?
8. What is the global chitosan market breakup by application?
9. What are the major regions in the global chitosan market?
10. Who are the leading chitosan manufacturers?