Global Chitosan Powder Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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The Global Chitosan Powder Market Report has been segmented as per source, application, sales channel, and region.
Global Chitosan Powder Market: Overview
Chitosan Powder Market was valued at $2.1 billion in 2021 & is projected to reach $6.20 billion by 2027. It is expected to grow at a 14.5% CAGR between 2021 and 2027.
Chitosan powder is obtained from shells of the various shellfish such as lobster, shrimp, and crab. The hard outer skeleton of the shellfish contains a large amount of chitin which is further processed to manufacture chitosan powder, glucosamine, and other product.
Chitosan powder is a biopolymer and is associated with several properties such as biocompatibility, renewability, biodegradability, nontoxicity, and others.
Also, the chitosan powder market is widely used in various applications such as wastewater treatments, the pharmaceutical industry, the cosmetics industry, the food and beverage industry, and others across the globe.
Global Chitosan Powder Market: Dynamics
Growing demand for chitosan powder in developing and developed countries due to rising awareness about this powder across the globe is a major factor driving the growth of the target market.
In addition, the increasing adoption of chitosan powder in various applications such as water treatment, food and beverage, cosmetic and personal care, pharmaceutical, and others across the globe is another factor projected to fuel the growth of the global market.
Increasing awareness about several health benefits of chitosan powder such as treating high cholesterol, obesity, improving wound healing, protecting against hypertension, and others resulting in rising demand for chitosan powder across the globe.
These are other factors anticipated to fuel the growth of the target market over the forecast period. In addition, increasing health concerns across the globe and rising consumption of dietary supplements among individuals are major factors projected to propel the growth of the target market during the forecast period.
Furthermore, ongoing research and development activities and improving innovation strategies by major chitosan powder manufacturers are other factors anticipated to proliferate the growth of the global chitosan powder market in the near future.
However, the high production cost associated with chitosan powder and its product inconsistency due to regional, seasonal, and chemical modification is a key factor anticipated to hamper the growth of the global market.
Global Chitosan Powder Market: Segment Analysis
Increasing preference for shrimp among chitosan manufacturers in the production of chitosan powder is a factor that can drive revenue growth of the shrimp segment among the source type segments.
Among the application segment, the wastewater treatment segment is anticipated to witness major growth in the global chitosan powder market, owing to rising demand for wastewater treatment in several industries such as textile, dairy, chemical, and metal cutting, and others across the globe.
Global Chitosan Powder Market: Region Analysis
The Asia Pacific chitosan powder market accounted for the highest revenue share and is anticipated to dominate the target market over the forecast period.
Increasing water pollution and rapid adoption of wastewater treatment in countries such as India, China, and Japan, in this region.
The market in North America is expected to register significant growth in the global market, owing to rapid consumption of dietary supplements among individuals and high awareness about the biological properties of chitosan powder in countries such as the US and Canada in this region.
The market in Latin America, Europe, and Middle East & Africa is anticipated to register average growth in the global market. owing to increasing awareness about chitosan powder and its properties among individuals in these regions.
Global Chitosan Powder Market Segmentation:
Segmentation by Source:
- Others (Turtle and Lobster)
Segmentation by Application:
- Cosmetic and Personal Care Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Textile Industry
- Dietary Supplement Industry
- Others (Animal Feed and Wastewater Treatment)
Segmentation by Sales Channel:
- Specialty Stores
- Convenience Stores
Segmentation by Region:
- North America
- 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
- Advanced Biopolymers AS
- T.C. Bio Corporation
- Amicogen, Inc.
- Heppe Medical Chitosan GmbH
- Pro Pac Labs, Inc.
- Meron Group
- KitoZyme S.A.
- Tokyo Chemical Industry Co., Ltd.
- Primex ehf
- Panvo Organics Pvt Ltd.
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