20 February 2019: Chitosan Market was million US$ in 2018 and is expected to million US$ by the end of 2023, growing at a CAGR of between 2019 and 2023.This report studies the Chitosan market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2023; This report also studies the global Chitosan market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global Chitosan Market is estimated to grow at a CAGR of 15% in the forecast period due to the rising application of chitosan in water treatment, medical and cosmetic industry. Chitosan is a natural polycationic linear polysaccharide made from partial deacetylation of chitin. Chitin is a large, structural polysaccharide derived from the chains of refined glucose. Both chitosan and chitin possess outstanding properties like bio-compatibility, non-toxicity, biodegradability, hydration, moisturization, and absorption. It is today extensively researched as a potential drug carrier because of its biocompatibility property. Chitosan is also suggested to cover nanoparticles made from other materials to reduce their effect on body and increase bioavailability.
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Chitosan Market Segment
Key Applications
Key Regions
Key Vendors
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Property of chitosan as a chelating polymer for water treatment is expected to be a major driver of chitosan market. Hence, increasing demand for chitosan in water treatment and nutraceutical applications is propelling the growth of market. Easy availability of raw materials, increasing application in cosmetic segment and growing demand for pharmaceutical industry are also boosting the market. However, significant cost required for the production of chitosan and adulteration during the manufacturing process is hampering the growth of market. Furthermore, rising application of chitosan as bioplastic is expected to introduce new market opportunities in the coming years. The solubility of chitosan is low in alkaline and neutral solution limiting its application that challenges the market growth.
The market is categorized on the basis of source, application, and geography. On the basis of source, market is divided into crab, shrimp, squid, and krill. Shrimp, followed by crab is expected to lead market owing to extensive use for the production of chitosan.
In terms of application, market is split into biomedical & pharmaceuticals, food & beverages, water treatment and cosmetics Water treatment is projected to lead the market due to increased application of chitosan for water treatment due to its properties like bio sorbent, which allows it to get rid of pollutants from the water.
The prominent players of chitosan market include KitoZyme, Advanced Biopolymers, Golden-Shell Biochemical, G.T.C. Bio Corporation, FMC Corporation, Primex, Axio Biosolutions, Heppe Medical Chitosan, Agra Tech, Nitta Gelatin India, Kunpoong Bio, TAGROW, Marshall Marine Products, Meron, Panvo Organics, TCI Chemicals, and SRL.
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