According to Facts and Factors, the Global Chitosan Market size was valued at around USD 7,192.30 million in 2021 and is estimated to grow about USD 26,272.32 million by 2028, at a CAGR of approximately 24.10% between 2022 and 2028. Key players in the global chitosan market include Advanced Biopolymers AS, Agrotech International Inc, Golden-Shell Pharmaceutical Co Ltd, GTC Bio Corporation, Heppe Medical Chitosan GmbH, Kitozyme SA, Novamatrix, Panvo Organics Pvt Ltd, Primex EHF, Qingdao Yunzhou Biochemistry Co Ltd., and Others.
NEW YORK, United States, Sept. 27, 2022 (GLOBE NEWSWIRE) -- According to Facts and Factors has published a new research report titled “Chitosan Market Size, Share, Growth Analysis Report By Source (Shrimp, Squid, Crab, Krill, and Others), By Application (Water treatment, Biomedical & Pharmaceutical, Cosmetics, Food and Beverage, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Chitosan Market size & share in terms of revenue was valued at USD 7,192.30 million in 2021 and it is expected to surpass around USD 26,272.32 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 24.10% during the forecast period 2022 to 2028.”
Chitosan Market Overview:
Chitosan is a natural polysaccharide that exhibits biodegradability, non-toxicity, biocompatibility, hemostatic & adhesion, and penetration-enhancing properties. It also has antibacterial properties. Chitosan is a polysaccharide containing N-acetyl-D-glucosamine and D-glucosamine linkages. It can make by treating shrimp with an alkaline substance such as sodium hydroxide. Chitosan is a by-product of fishing. Chitosan is a long-chain polymer found in aquatic animals such as shrimp, crab, shrimp, and lobster. Growing water treatment activities in the Asia-Pacific region and rising R&D investments for using chitosan in biomedical applications present lucrative opportunities for global chitosan market trends. The serious problem of heavy metal ion pollution from industrial wastewater and discharge into freshwater sources seriously threatens human health and the environment.
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Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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Facts and Factors research methodology
Global Chitosan Market Dynamics
Wastewater treatment application to drive the demand for chitosan
Market players operating in the global chitosan market are focused on strengthening partnerships and collaborations with fish producers to generate revenue streams. Other factors driving the market growth include expanding product applications in biomedical, cosmetic, food & beverage industries, increasing water treatment activities worldwide, and strong advancements in the healthcare/medical industry in developed countries. Systems composed of chitosan utilize the properties of chitosan to achieve superior therapeutic effects. For example, the adhesive properties of chitosan can be used for non-invasive mucosal vaccine vectors. Therefore, systems composed of chitosan have great potential for the treatment of infectious diseases. The increasing use of chitosan in numerous end-use industries also drives the chitosan market.
High cost of products and strict regulations hamper the market growth
Moreover, increasing demand for organic ingredients in cosmetics will increase the market share of chitosan during the forecast period.
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Chitosan Market: COVID-19 Impact Analysis
As a result of lockdowns, travel bans, and business closures, COVID-19 is having an effect on the economies of a number of different countries and varied industries. A variety of manufacturing factories closing down has also had an effect on global supply chains, which has had a negative influence on the manufacture of goods, delivery schedules, and sales in worldwide marketplaces. The world economy is coming under further strain as a result of the pandemic caused by the COVID-19 virus, which is also having a significant impact on the food and beverage business. It caused much more disruption to the transportation infrastructure and stopped the flow of raw materials altogether. Broken value chains are having a big effect on the amount of raw materials that are available.
Chitosan Market: Segmentation Analysis
The global chitosan market has been segmented into sources, applications, and region.
Based on the source, the market is classified into shrimp, squid, crab, krill, and others. In 2021, the shrimp category dominated the global market. Based on application, the market is classified into water treatment, biomedical & pharmaceutical, cosmetics, food & beverage, and others. In 2021, the water treatment category dominated the global chitosan market. The increasing usage of chitosan products in water treatment processes supported the growth of the water treatment segment in the global market.
The global Chitosan market is segmented as follows:
Biomedical & Pharmaceutical
Food and Beverage
Browse the full “Chitosan Market Size, Share, Growth Analysis Report By Source (Shrimp, Squid, Crab, Krill, and Others), By Application (Water treatment, Biomedical & Pharmaceutical, Cosmetics, Food and Beverage, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/chitosan-market
The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards. Some of the main competitors dominating the global Chitosan market include -
Advanced Biopolymers AS
Agrotech International Inc
Golden-Shell Pharmaceutical Co Ltd
GTC Bio Corporation
Heppe Medical Chitosan GmbH
Panvo Organics Pvt Ltd
Qingdao Yunzhou Biochemistry Co Ltd.
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Chitosanmarket is likely to expand at a CAGR of around 24.10% during the forecast period (2022-2028).
In terms of revenue, the Chitosan market size was valued at around US$ 7,192.30 Million in 2021 and is projected to reach US$ 26,272.32 Million by 2028.
Key players in the chitosan market are developing innovative technologies or products for specific applications such as film packaging, skin tissue engineering, and pharmaceuticals, which are the major factors driving the market's growth.
By source, the shrimp category dominated the market in 2021.
By application, the water treatment category dominated the market in 2021.
North America dominated the global chitosan market in 2021.
Key questions answered in this report:
What is the market size and growth rate forecast for Chitosan industry?
What are the main driving factors propelling the Chitosan Market forward?
What are the leading companies in the Chitosan Industry?
What segments does the Chitosan Market cover?
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The global chitosan market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America is anticipated to have a dominating position in the worldwide market for chitosan during the forecast period. Growing awareness of water treatment in the United States, growing demand for cosmetics, and the presence of key players are the factors influencing regional market growth. In addition, increasing medical expenses and the presence of well-established medical infrastructure are driving the growth of the overall regional market significantly. Manufacturers invest heavily in research and development activities to develop pure quality chitosan. Increasing demand for naturally derived water treatment chemicals is expected to be a key factor driving the growth of the chitosan market.
Rest of North America
Rest of Europe
Rest of Asia Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
March 2021: In Brazil, the University of Brasilia collaborates with the Brazilian University of Campinas, Centro de PesquisaemBiotecnologiaLtda, Hospital Regional da Asa Norte (HRAN), Hospital da RegiãoLeste (HRL) ) and Hospital Universitário de Brasília. (HUB/UnB) VESTA clinical study was conducted to evaluate the efficacy of a new ventilator using chitosan nanoparticles to reduce the incidence of SARS-CoV-2 infection in healthcare workers.
Market Size in 2021
USD 7,192.30 Million
Projected Market Size in 2028
USD 26,272.32 Million
CAGR Growth Rate
Key Market Players
Advanced Biopolymers AS, Agrotech International Inc, Golden-Shell Pharmaceutical Co Ltd, GTC Bio Corporation, Heppe Medical Chitosan GmbH, Kitozyme SA, Novamatrix, Panvo Organics Pvt Ltd, Primex EHF, Qingdao Yunzhou Biochemistry Co Ltd., and Others
By Source, Application, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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Market Size & Forecast by Revenue | 2022−2028
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Source, Application, and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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