Global Chitosan Market: Overview
A kind of sugar that is obtained from the outer hard skeleton of shellfish such as shrimp, crab, and lobster is known as chitosan. It is also used in medicines in order to cure diseases such as Crohn’s disease, obesity, and high cholesterol. The complications that are resulted from kidney failure can be cured with the help of chitosan. The complications may be insomnia, high cholesterol, anemia, etc. There are instances where people apply chitosan directly to the gums in order to treat the inflammation.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Chitosan Market: Segmentation
The chitosan market is globally segmented into its application and regions. On the basis of the application, the global market is segregated into pharmaceutical & biomedical, food & beverage, water treatment, cosmetics, and others. Region-wise, the chitosan market is diversified into North America, Europe, Asia-Pacific, and Rest of the World.
Global Chitosan Market: Growth Factors
The key driver that is boosting the chitosan market is the severe shortage of the fresh water owing to the increasing urban population and the rapid rate of industrialization. As a solution governments and the private market players are making investments for the water treatment worldwide. A unique composite known as chitosan flocculant is used in the treatment of the water as it is cost effective and is more effective than the flocculant in the water treatment. The booming personal care industry is boosting the global chitosan market. Chitosan is used as an ingredient in the products of dental care, hair care, and skin care products. It has good skin moisturizing property thus used in various skin care products. The factor that is affecting the market growth in a negative way is the high cost of the raw materials for the manufacturing of the chitosan.
Global Chitosan Market: Regional Analysis
The region that dominates the chitosan market is Asia Pacific. The rapid market growth in the Asia-Pacific region can be attributed to the factor that in the recent years there has been a rapid growth in the pharmaceutical and cosmetics industry and the food & beverage industry which has a huge demand for chitosan in the countries such as India, China, and Korea. This has created a positive impact on the chitosan market. In Korea, chitosan is used as a natural food additive, hence increasing its demand. The major shrimp producing countries are China and Thailand which proves beneficial for the raw material supply for the chitosan market. In Japan, the demand for chitosan is primarily from the applications of water treatment. North America and Europe are also contributing a good share in the global chitosan market.
Global Chitosan Market: Competitive Players
The major market players in the chitosan market include Yunzhou Biochemistry Co., Biophrame Technologies, Koyo World (Hong Kong) Co. Ltd., Agratech LLC., Foodchem International Corporation, Advanced Biopolymers AS, United Chitotechnologies Inc., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Kraeber & Co. GmbH., and FMC Corporation.
Global Chitosan Market: Regional Segment Analysis
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