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

MarketResearch.biz delivers in-depth insights on the global chitosan market in its upcoming report titled, “Global Chitosan Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global chitosan 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 target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The 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.

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Chitosan is a type of fiber derived from chitin which is a naturally occurring polymer. Chitin is a substance which is found in the hard outer shells of crab, crayfish, shrimp and squid. In addition, it is also found in yeasts as well as mushroom. Chitosan has a wide industrial application namely in water treatment, food & beverages, medical and pharmaceuticals etc. Chitosan has an unique biological properties such as biocompatibility, biogradeable, antimicrobial, mucoadhesion, anticholesterolemic and permeation enhancement effects. Chitosan is also used as a dietary supplement as it helps to lose weight and lowers the cholesterol levels.

Availability of abundant raw material for manufacturing of chitosan is major factor expected to drive the growth of global chitosan market over the forecast period. Increasing application scope of chitosan in fields such as cosmetics and fabric industry is other factor expected to propel the growth of the market. In addition, increasing demand for chitosan in pharmaceutical industry owing to it use in treat high cholesterol, Crohn’s disease, and obesity. Further, it is used to treat 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 development of chitosan from non-aquatic sources create opportunities for existing as well new entrant operating in the global chitosan market over the forecast period.

However, lack of purity of the product is major factor expected to restraint 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 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 second-largest revenue share contribution to the global chitosan market, followed by markets in the Europe, Latin America, and the Middle East & Africa respectively.

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

• Primex EHF
• Zhejiang Golden-Shell Pharmaceutical Co., Ltd.
• T.C. Bio Corporation
• Bio21 Co., Ltd.
• Advanced Biopolymers AS
• Agratech
• Kitozyme S.A.
• Vietnam Chitosan, LLC
• Heppe Medical Chitosan GmbH
• Kraeber & Co. GmbH