Global Chitin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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May 2023
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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MarketResearch.biz delivers in-depth insights on the global chitin market in its upcoming report titled, “Global Chitin Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global chitin market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global chitin market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global chitin market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global chitin market report has been segmented on the basis of derivative type, end user, and region.
Chitin is a long-chain polymer of N-acetylglucosamine, and is a derivative of glucose. Chitin found in the exoskeletons of insects, and certain hard structures in invertebrates and fish. It is a second most abundant natural polymer after cellulose.
Increasing adoption of chitin in healthcare industry to treat diseases such as tuberculosis, obesity, and many more is a key factor driving growth of the global chitin market. In addition, rising demand for chitin and its derivatives from agriculture industry to modify plant-microbial interactions and improve crop yield is another major factor anticipated to fuel growth to the global chitin market over the forecast period. Rising adoption of chitin in end use industries such as cosmetics and toiletries, textile, building & construction, food, and packaging materials is another factor contributing in growth of the global chitin market.
However, bulk structure, insolubility in water, and common organic solvents make chitin an underutilized resource, which is a key factor restraining growth of the global chitin market. Additionally, production of chitin derivatives results in environmental pollution, which is another factor hampering growth of the global chitin market over the forecast period.
Furthermore, biological extraction of chitin from marine shell wastes is found as recent trend among the market players in the global chitin market.
The market in North America expected to dominate the global chitin market and expected to account for highest market share in terms of revenue owing to increasing demand for chitin and its derivatives in end use industries such as healthcare and food industries in countries in the region. The market in Asia Pacific expected to account for the second-highest revenue share contribution to the global chitin market followed by markets in Europe, Latin America, and Middle East & Africa respectively, owing to factors such as increasing adoption of chitin in agriculture and water treatment in countries in the region.
Global Chitin Market Segmentation:
Global chitin market segmentation by derivative type:
- Glucosamine
- Chitosan
- Others
Global chitin market segmentation by end use industries:
- Food and Beverages
- Agrochemical
- Healthcare
- Cosmetics and Toiletries
- Waste and Water Treatment
Global chitin market segmentation by region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Golden-Shell Pharmaceutical Co., Ltd.
- T.C. Bio Corporation
- Coastal Chitin LLC
- Hemostasis, LLC
- KitoZyme S.A.
- Heppe Medical Chitosan GmbH
- Kunpoong Bio Co., Ltd.
- Meron Group
- Primex Ehf
- Zhejiang Candorly Pharmaceutical Co., Ltd.
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