The global chitosan market is forecast to reach USD 1,664.6 Million by 2026, according to a new report by Reports and Data. In recent years, various natural, as well as synthetic polymers, have been examined for biotechnological agricultural, pharmaceutical and medical applications. Among these polymers, chitosan is a linear homo-polymer of N-acetyl glucosamine units and glucosamine linked by β (1–4) glycosidic linkage. It is the deacetylated product of natural chitin that is the second most abundant polysaccharide in nature.
This is the latest report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus attack on the world economy has impacted all, and thus its impacts are elucidated in-depth in the report for the Chitosan market.
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Some of the dominant and influential players in the Chitosan market are:
Heppe Medical Chitosan GmbH, Kitozyme S.A., Primex EHF, Vietnam Food, Advanced Biopolymers A S, G.T.C. Bio Corporation, Bio21 Co., Ltd., Zhejiang Golden-Shell Pharmaceutical Co., Ltd., Taizhou City Fengrun Biochemical Co., Ltd. and Agratech.
Chitosan Market Size – USD 598.1 Million in 2018, Growth – CAGR of 13.6%, Trends –The rising demand for Food Grade Chitosan.
The research helps the user to better comprehend the historical background of the Chitosan market based on facts and figures. The various aspects and factors also include the cost of the products that gather a relatively higher demand and their production cost for the producer to determine the optimum strategy to produce.
Key highlights of the Chitosan Reports:
The report encompasses segmentation and market information break down, including key participants. If you are involved in the Global Chitosan industry or aspire to be involved, this report is a must-have. The report makes an in-depth study on the market share, growth rate, market drivers, future trends, restraints, opportunities, and challenges.
For the purpose of this report, Reports and Data have segmented the global Chitosan market according to Grade, Source, Application, and Region:
Grade Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Pharmaceutical Grade
Industrial Grade
Food Grade
Source type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Shrimps
Crabs
Prawns
Lobsters
White mushroom
Others
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Food & Beverages
Water Treatment
Medical & Pharmaceuticals
Cosmetics
Agrochemicals
Others
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Furthermore, the years considered for the study are as follows:
Historical year – 2016-2018
Base year – 2019
Forecast period – 2020 to 2027
Further key findings from the report suggest:
-The Chitosan market held a market share of USD 598.1 Million in the year 2018. It is projected to witness a growth rate of 13.6% during the forecast period.
-In regards to Grade, the Industrial Grade segment generated the highest revenue of USD 287.1 Million in 2018, with a growth rate of 13.4% during the forecast period. The inexpensiveness of industrial-grade chitosan, its traits like non-toxicity, and biocompatibility results in its extensive application, like in agrochemicals, and industrial wastewater treatment, which contributes to the revenue generated by this segment.
-In regards to Source, the Shrimps segment yielded the highest revenue of USD 227.3 Million in 2018, with a growth rate of 13.9% during the forecast period. The revenue generated by the Shrimps segment is attributed to the continuous expansion of fishing activities, the resultant large amounts of shrimp processing waste and the presence of value-added properties in the residues, which has resulted in its wide application in extraction of the polymer.
-In context to Application, the Water Treatment segment occupies the largest market share of 35.0% in 2018, with a CAGR of 13.8% during the forecast period. The extensive application of the polymer in water treatment is resultant of its active biosorbent ability that results in efficacious elimination of pollutants from wastewater…Continued
Key points discussed in the report for Global Chitosan Market:
Chapter 1: Introduction, market driving force product, Objectives of the Study, and Research Scope of the Chitosan market.
Chapter 2: Exclusive Summary -vital information of the Chitosan Market.
Chapter 3: Market Dynamics- Drivers, Trends, and Challenges of the Chitosan Market.
Chapter 4: Chitosan Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Market segmentation by Type, End-User and Region 2016-2018.
Chapter 6: Analysis of the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 7 & 8: Appendix, Methodology and Data Source…Continued
Finally, Chitosan Market is a valuable source of guidance for individuals and companies.
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This report is for the user to enhance his understanding of the Chitosan market and employ strategies which will later prove most beneficial. The segmentations and explanations are all made in a manner that could be deciphered by a layman. However, there is no compromise on the quality of information which is certified by the industry experts.
Also, the customizations are available for this report and can be availed by the purchaser. The customizations can be made on the basis of the selected regions or participants.