Chitosan Market size is projected to reach USD 84.88 Billion by 2031, growing at a CAGR of 24.2%: Straits Research

The global chitosan market size was valued at USD 12.07 billion in 2022 and is projected to reach USD 84.88 billion by 2031, with a CAGR of 24.2 % during the forecast period 2023–2031. North America has a large proportion of the chitosan market since countries such as the United States and Canada utilize it increasingly.

New York, United States, Jan. 31, 2023 (GLOBE NEWSWIRE) — A chitosan polymer is made from lobster, crab, shrimp, and crawfish shells. Chitin is made when an alkaline substance like caustic soda removes the acetyl group from the chitin shells or exoskeletons of insects, crustaceans, and fungi. This can be done chemically or with enzymes. The different amounts of chitosan in the staples of each product are an important part of industrial production. People say that most chitosan comes from shrimp. Chitosan takes chitin from used crustacean shells and removes the acetyl group. Chitosan is used in many dietary supplements because it stops fat from being absorbed in the digestive tract. Because it works well with living things and breaks down naturally, it is often used in healthcare. Chitosan is great for stopping bleeding because it stops blood from clotting.


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Increased Use of Chitosan as a Flocculant in the Water Treatment Industry acts as a Driver for the Market.

The main growth driver for the chitosan market is the growing use of chitosan as a flocculant in the water treatment industry. It works well as a coagulant for treating wastewater. It is also a chelating agent because it binds easily to highly toxic heavy metals found in wastewater. Chitosan is often used to treat wastewater because it is non-toxic and biodegradable. Market growth is being driven by the growing use of chitosan in dental applications. It is used to make mouthwash, toothpaste, and chewing gum because it fights tooth decay and plaque. It covers up the bad taste of silicon oxide, which is the main ingredient in toothpaste. Chitosan is also used to make dental filler materials, which is expected to help the market grow.

Increased Use of Chitosan in the Agriculture Sector is Providing Lucrative Opportunities for the Market.

The increased use of chitosan in the agricultural sector is predicted to provide new market opportunities throughout the forecast period. Chitosan is used in fertilizers and controlled agrochemical release as a result of its antifungal properties. In addition, increasing research & development in the field of chitosan nanoparticles to increase its use in novel applications is predicted to boost the chitosan market throughout the forecast period. The expanding output of fish, shrimp, and other aquatic species in the Asia-Pacific region is predicted to provide lucrative market opportunities in the near future. The National Fisheries Development Board forecasts that India’s overall fish production for 2017-2018 will be 12.60 million metric tonnes, with around 65 percent coming from the inland sector and 50 percent from cultural fisheries, representing about 6.3% of the global fish production.


Report Scope

Report Metric Details
Market Size USD 84.88 Billion by 2031
CAGR 24.2% (2023-2031)
Historical Data 2020-2021
Base Year 2022
Forecast Period 2023–2031
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Source, Application
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Panvo Organics Pvt. Ltd.,GTC Bio Corporation,Kitozyme LLC,Xianju Tengwang Chitosan Factory,DuPont Corporation (NovaMatrix),ZHEJIANG FENGRUN BIOTECH CO. LTD,Advanced BIOPOLYMERS AS,Agratech,Heppe Medical Chitosan GmbH,Primex EHF Vietnam Food
Key Market Opportunities Expanding use of chitosan in the agricultural sector is anticipated to generate new market possibilities
Key Market Drivers Increasing demand for chitosan as a flocculant in the water treatment industry

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Regional Analysis

The Global Chitosan Markethas been segmented based on geography into North America, Europe, Asia Pacific, and LAMEA.

Asia-Pacific is the largest market for Chitosan. It’s expected to be the fastest-growing area because of the high growth in Japan, China, India, and South Korea. The region’s chitosan market will be driven by biobased product demand and favorable government policies. Glucosamine and chitooligosaccharides are approved for use in Korean dietary supplements and are also on the Japan Food Chemical Research Foundation’s additives list.

North America has a large proportion of the chitosan market since countries such as the United States and Canada utilize it increasingly. The increased requirement to clean up wastewater is also driving the North American chitosan market. During the projection period, the rising need for drinkable water in a few countries is projected to enhance North America’s demand for chitosan.

Europe is one of the most economically and technologically sophisticated regions. Enhanced commercial relations, the blue-card network, and the abundance of natural resources all contribute to the market expansion in the region. Chitosan has been found as a suitable replacement for biopolymer nanofilms used in food and beverage packaging, and Europe’s food and beverage industry is thriving.

The region of Latin America, the Middle East, and Africa is expected to experience a slightly slower growth rate than other regions of this industry. Brazil, Saudi Arabia, and Dubai are among the economies that have had considerable increases in consumer income, which has led to an increase in demand for chitosan-based products and services.


Key Highlights

  • The value of The Global Chitosan Market size is projected to reach USD 84.88 billion by 2031, expanding at a CAGR of 24.2% from 2023 to 2031.
  • The global market for Chitosanis categorized by Source, Application, and Region.
  • Based on the source, the market can be segmented into squid, crab, krill, and shrimp.
  • Based on the application, the market is segmented into water treatment, pharmaceutical and biomedical, cosmetics, food and beverage, and others.
  • On the basis of geography, the market has been segmented into North America, Europe, Asia Pacific, and LAMEA.

Prominent global and regional companies engaged in the Global Chitosan Marketare

  • Panvo Organics Pvt. Ltd.
  • GTC Bio Corporation
  • Kitozyme LLC
  • XianjuTengwang Chitosan Factory
  • DuPont Corporation (NovaMatrix)
  • ZHEJIANG FENGRUN BIOTECH CO. LTD
  • Advanced BIOPOLYMERS AS
  • Agratech, Vietnam Food
  • Heppe Medical Chitosan GmbH
  • PrimexEHF


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Global Chitosan Market Segmentation

By Source

  • Squid
  • Crab
  • Krill
  • Shrimp

By Application

  • Biomedical & pharmaceutical
  • Food & beverage
  • Cosmetics
  • Water treatment
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central and South America and the Caribbean
  • The Middle East
  • Africa


TABLE OF CONTENT

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Chitosan Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Source Overview
    1. Introduction
      1. Market Size & Forecast
    2. Squid
      1. Market Size & Forecast
    3. Crab
      1. Market Size & Forecast
  5. Application Overview
    1. Introduction
      1. Market Size & Forecast
    2. Biomedical & Pharmaceutical
      1. Market Size & Forecast
    3. Food & Beverage
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Source
        2. By Application
      3. Canada
        1. By Source
        2. By Application
      4. Mexico
        1. By Source
        2. By Application
      5. Latin America
        1. By Source
        2. By Application
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Source
        2. By Application
      3. France
        1. By Source
        2. By Application
      4. U.K.
        1. By Source
        2. By Application
      5. Italy
        1. By Source
        2. By Application
      6. Spain
        1. By Source
        2. By Application
      7. Rest of Europe
        1. By Source
        2. By Application
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Source
        2. By Application
      3. China
        1. By Source
        2. By Application
      4. Australia
        1. By Source
        2. By Application
      5. India
        1. By Source
        2. By Application
      6. South Korea
        1. By Source
        2. By Application
      7. Rest of Asia-Pacific
        1. By Source
        2. By Application
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Source
        2. By Application
      3. South Africa
        1. By Source
        2. By Application
      4. Kuwait
        1. By Source
        2. By Application
      5. Rest of Middle East & Africa
        1. By Source
        2. By Application
  7. Company Profile
    1. Panvo Organics Pvt. Ltd
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. GTC Bio Corporation
      1. Company Overview
      2. Financial Performance
      3. Recent Developments 
      4. Product Portfolio
    3. Kitozyme LLC
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/chitosan-market/toc


Market News

  • In March 2021 in Brazil, the University of Brasilia, in collaboration with the University of Campinas, Brazil, Centro de PesquisaemBiotecnologiaLtda, Hospital Regional da AsaNorte (HRAN), Hospital da RegioLeste (HRL), and Hospital Universitário de Brasilia (HUB/UnB), was conducting the VESTA clinical trial to evaluate the efficacy of a novel respirator.
  • In April 2020, MaxioCel, a chitosan-based wound dressing of the next generation, was introduced by AxioBiosolutions Private Limited. Patients suffering from pressure ulcers, venous leg ulcers, diabetic foot ulcers, post-surgical wounds, cavity wounds, donor site wounds, and skin abrasions benefit from MaxioCel’s rapid healing and high comfort level.


News Media

Increase In Preference For Fiber Reinforcement and Supplementation

The Rising Prevalence of Heart-Related Diseases to Prompt the Need for Krill Oil


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Aquaculture Market: Information by Environment (Marine Water, Fresh Water, Brackish Water), Fish Type (Carps, Mollusks, Crustaceans, Mackerels, Sea Bream), and Region — Forecast till 2030

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