Global Chitosan Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

The Chitosan Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.

The Chitosan Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global chitosan market report has been segmented on the basis of application, and region.

Chitosan Market Overview:

Chitosan Market Report was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Chitosan is a type of fiber derived from chitin which is a naturally occurring polymer. Chitin is a substance that is found in the hard outer shells of crab, crayfish, shrimp, and squid.

In addition, it is also found in yeasts as well as mushrooms. Chitosan has a wide industrial application namely in water treatment, food & beverages, medical and pharmaceuticals, etc.

Chitosan has unique biological properties such as biocompatibility, biodegradable, antimicrobial, mucoadhesion, anticholesterolemic, and permeation enhancement effects. Chitosan is also used as a dietary supplement as it helps to lose weight and lowers cholesterol levels.

The availability of abundant raw materials for manufacturing chitosan is a major factor expected to drive the growth of the global chitosan market over the forecast period. Increasing the application scope of chitosan in fields such as the cosmetics and fabric industry is another factor expected to propel the growth of the market.

In addition, increasing demand for chitosan in the pharmaceutical industry owing to its use in treating high cholesterol, Crohn’s disease, and obesity. Further, it is used to treat the inflammation that can lead to tooth loss (periodontitis) thus expected to contribute to the growth of the global chitosan market over the forecast period.

Manufacturing companies operating in the market can focus on the development of chitosan from non-aquatic sources creating opportunities for existing as well as new entrants operating in the global chitosan market over the forecast period.

However, the lack of purity of the product is a major factor expected to restrain the growth of the global chitosan market over the forecast period.

Asia Pacific market dominates the global chitosan market in terms of revenue contribution as compared to that of markets in other regions.

The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years.

This is attributed to the presence of major manufacturers in the region as well as developing pharmaceutical and food & beverage industries in countries such as China, India, and Japan.

North America accounts for the second-largest revenue share contribution to the global chitosan market, followed by markets in Europe, Latin America, and the Middle East & Africa respectively.

Chitosan Market Segmentation:

Global chitosan market segmentation by application:

• Water Treatment
• Food & Beverages
• Cosmetics
• Medical & Pharmaceuticals
• Others (Agrochemicals and Fabric)

Global chitosan market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa