Global Chitin and Chitin Derivatives Market, By Derivative Type (Glucosamine, Chitosan and Others) End Use Industry (Food and Beverages, Agrochemical, Healthcare, Cosmetics and Toiletries, Waste and Water Treatment and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Chitin and Chitin Derivatives Market
Data Bridge Market Research analyses that the chitin and chitin derivatives market will witness a CAGR of 14.85% for the forecast period of 2022-2029. Growth in the demand for chitin and chitin derivatives especially in the developing economies such as India and China, growing use of chitin and
Chitin derivatives for a wide range of end user applications such as food and beverages, healthcare, cosmetics and toiletries and other applications, increasing investment by the government for research and development activities and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the chitin and chitin derivatives market.
Chitin is a long-chain polymer of N-acetylglucosamine that is found in the exoskeleton of insects, crustacean shells and the cell walls of fungal species. Chitin is a derivative of glucose and is a second most abundant natural polymer after cellulose.
Rise in demand for chitin and chitin derivatives by the waste and wastewater treatment industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for chitin and chitin derivatives such as in the agrochemicals and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market. Rising demand and need for chitin in the biomedical and biopharmaceutical applications, rising prevalence of tuberculosis and obesity, rising biological extraction of chitin from marine shell wastes, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.
However, insufficiency in raw material demand and supply owing to the lockdown and volatility in their prices will pose a major challenge to the growth of the market. High costs associated with research and development proficiencies, lack of awareness and environmental pollution as a result of production of chitin will dampen the market growth rate. Bulk structure, insolubility in water, and common organic solvents make chitin an underutilized resource and this will also impede the market growth rate.
This chitin and chitin derivatives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on chitin and chitin derivatives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Chitin and Chitin Derivatives Market Scope and Market Size
The chitin and chitin derivatives market is segmented on the basis of derivative type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of derivative type, the chitin and chitin derivatives market is segmented into glucosamine, chitosan and others
- Based on end use industry, the chitin and chitin derivatives market is segmented into food and beverages, agrochemical, healthcare, cosmetics and toiletries, waste and water treatment and others
Chitin and Chitin Derivatives Market Country Level Analysis
The chitin and chitin derivatives market is analysed and market size, volume information is provided by country, derivative type and end use industry as referenced above.
The countries covered in the chitin and chitin derivatives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the chitin and chitin derivatives market owing to the increase in the research and development activities and increasing demand for chitin and its derivatives in end use industries such as healthcare and food industries. Asia-Pacific will continue to undergo substantial gains during the forecast period and will register the highest CAGR owing to the high economic growth in the emerging countries, surging urbanization and industrialization, growing industrialization, and abundant availability of raw materials.
The country section of the chitin and chitin derivatives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chitin and Chitin Derivatives Market Share Analysis
The chitin and chitin derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to chitin and chitin derivatives market.
Some of the major players operating in the chitin and chitin derivatives market report are Biopharma Process Systems Ltd., Dainichiseika Color and Chemicals Mfg.Co., Ltd., Agratech., Kraeber and Co. GmbH, Advanced Biopolymers AS, Biophrame Technologies, Foodchem International Corporation, FMC Corporation., G.T.C. Bio Corporation, Panvo Organics Pvt Ltd, Kitozyme, LLC., Golden-Shell Pharmaceutical, Candorly Pharmaceutical Co.,Ltd, Heppe Medical Chitosan GmbH, BASF SE, Dow, Covestro AG, Huntsman International LLC., DuPont and Honeywell International Inc., among others.
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