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NEW YORK , Oct. 12, 2022 /PRNewswire/ -- The "Chitosan Market by End-user (Water treatment, Food and beverage, Cosmetics, Pharmaceutical and biomedical, and Others) and Geography (APAC, North America , Europe , South America , and Middle East and Africa ) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the chitosan market size between 2021 and 2026 is USD 9.18 billion . To get the exact yearly growth variance and the CAGR, Request a FREE PDF Sample Report
The growing use for emerging applications, such as fuel cells, agrochemicals, cardiovascular disease treatments, photographic products, ophthalmology, textiles, and paper and pulp, is increasing the demand for chitosan. The rise in R&D for niche applications can increase the demand for chitosan. In addition, chitosan is gaining importance owing to its low cost and abundant availability from shrimps, crustacean shells, crabs, and krills. Chitosan is an ideal biopolymer for making contact lens owing to its bioadhesion, mechanical strength, optical clarity, wettability, and gas permeability. It has antimicrobial, healing, and film-forming properties, which make it suitable for ocular bandage lenses. In the paper and pulp industry, chitosan is used as a crosslinking agent.
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The chitosan market is fragmented, and the vendors are deploying pricing and marketing strategies to compete in the market. The ease of availability of raw materials, along with emerging applications of chitosan in pharmaceuticals and biomedical, water treatment, cosmetics, and food and beverage, is likely to create opportunities for new entrants. Furthermore, existing key players are developing new and differentiated products. Industries such as food and beverage and pharmaceuticals are fostering the demand for high-grade chitosan products
By end-user, the water treatment segment will be the largest contributor to market growth during the forecast period. The demand for chitosan is high owing to its ability to remove heavy metals and chemicals from wastewater. It is considered an efficient material for the adsorption of water pollutants in wastewater treatment.
By geography, APAC will be the leading region with 58% of the market's growth during the forecast period. China , India , Japan , and South Korea are the key markets for chitosan in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions.
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Accelerate at a CAGR of 17.6%
APAC, North America, Europe, South America, and Middle East and Africa
US, Canada, China, Japan, South Korea, and Germany
Leading companies, competitive strategies, consumer engagement scope
Advanced Biopolymers AS, Agratech International Inc., Axio Biosolutions Pvt Ltd, Dainichiseika Color and Chemicals Mfg. Co. Ltd., Foodchem International Corp., GoldenShell Pharmaceutical, Heppe Medical Chitosan GmbH, KitoZyme LLC, Kraeber & Co. GmbH, Kunpoong Bio Co. Ltd., Marshall Marine Products, Meron Group, Nitta Gelatin India Ltd., Panvo Organics Pvt. Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Rammi HF, Sisco Research Laboratories Pvt. Ltd., Tagrow Co. Ltd., and Tokyo Chemical Industry Co. Ltd.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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