Chemical and Materials

Image

Global Chitosan Market - Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Chitosan Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1506.46 Million
Diagram Market Size (Forecast Year) USD 4207.65 Million
Diagram CAGR %

Global Chitosan Market, By Source (Shrimp, Crab, Squid, and Krill), Grade (Industrial, Food, and Pharmaceutical), Application (Water Treatment, Pharmaceutical and Biomedical, Cosmetics, Food and beverage, Industrial, Agrochemical, and Others) - Industry Trends and Forecast to 2030.

Chitosan Market Analysis and Size

The rise in the pharmaceutical industry across the globe acts as one of the major factors driving the growth of chitosan market. The increase in product application in water treatment, cosmetics, pharmaceutical and biomedical, and food and beverage industries, and the rise in demand for chitosan owning to their biomaterial with antibacterial and antimicrobial properties accelerate the market growth.

Data Bridge Market Research analyses that the global chitosan market which was USD 1,506.46 million in 2022, would rocket up to USD  4,207.65 million by 2030, and is expected to undergo a CAGR of 13.7% during the forecast period from 2023 to 2030.

“Water treatment” dominates the application segment of the global chitosan market due to its excellent flocculation and adsorption properties, making it effective in removing pollutants and heavy metals from wastewater. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Chitosan Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD

Segments Covered

Source (Shrimp, Crab, Squid, and Krill), Grade (Industrial, Food, and Pharmaceutical), Application (Water Treatment, Pharmaceutical and Biomedical, Cosmetics, Food and beverage, Industrial, Agrochemical, and Others)

Countries Covered

North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the Rest of Asia-Pacific), Middle East and Africa (U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of Middle East and Africa)

Market Players Covered

Advanced Biopolymers AS (Norway), Meron (Israel), Heppe Medical Chitosan GmbH (Germany), Kitozyme, LLC (U.S.), Kraeber & Co. GmbH (Germany), Foodchem International Corporation (China), FMC Corporation (U.S.), Golden-Shell Pharmaceutical (China), PharmaCentral (Iceland), Nano3Bio (U.K.), Koyo Chemical Industry Co., Ltd (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Bio-Thera Bio-PharmaceuticalCo., Ltd (U.S.), Panvo Organics Pvt Ltd (India), and Qingdao Yunzhou Biochemistry Co., Ltd. (China).

Market Opportunities

  • The increasing demand in water treatment
  • The growing demand in the cosmetics industry
  • The wide-ranging industrial applications

Market Definition

Chitosan refers to a kind of carbohydrate that is bonded with number of sugar molecules and contains chitin and chitosan. The two naturally abundant and renewable polymers display properties such as adsorption, biodegradability, non-toxicity and nature-friendliness. The compound is utilized for various applications particularly in the industries such as water treatment, agrochemicals and cosmetics.

Global Chitosan Market Dynamics

Drivers

  • Increasing Demand in Water Treatment

The growing global population, urbanization, and industrialization have led to increased water pollution and the need for effective water treatment solutions. Chitosan's exceptional flocculation and adsorption properties make it an attractive choice for water treatment applications. Its ability to remove contaminants and heavy metals from waste water drives the demand for chitosan in this sector.

  • Growing Demand in the Cosmetics Industry

Chitosan's film-forming and moisturizing properties make it a popular ingredient in cosmetic and personal care products. Chitosan is used in various formulations, including hair care, skincare, and oral care products, due to its ability to enhance product stability and provide beneficial effects on the skin and hair. The expanding cosmetics industry, driven by changing consumer preferences and increased focus on natural and organic products, fuels the demand for chitosan.

  • Wide-Ranging Industrial Applications

Chitosan finds applications across diverse industrial sectors. It is used in textile manufacturing, paper production, and as a bio stimulant in agriculture. Chitosan's antimicrobial properties make it useful in food packaging materials to extend shelf life. Moreover, its use in bioplastics, wastewater treatment, and oil recovery processes further contributes to the market growth of chitosan.

 Restraints

  • High Production Costs

The production process of chitosan involves several complex steps, including the extraction and purification of chitin from marine sources, followed by the deacetylation process to obtain chitosan. These processes can be costly and require specialized equipment and expertise. The high production costs of chitosan can limit its affordability and hinder its widespread adoption, especially in price-sensitive markets.

  • Limited Availability of Raw Materials

Chitosan is primarily derived from marine sources such as shrimp, crab, squid, and krill. The availability and sustainability of these raw materials can be a constraint for the chitosan market. Factors such as overfishing, environmental changes, and regulatory restrictions on fishing can impact the supply of chitosan raw materials, leading to potential shortages and price fluctuations.

 Opportunities

  • Expanding Applications in the Pharmaceutical and Biomedical Industries

Chitosan exhibits unique properties such as biocompatibility, bio adhesion, and controlled-release capabilities. These properties make it valuable in drug delivery systems, wound healing products, tissue engineering, and regenerative medicine. With the increasing focus on personalized medicine and the development of novel healthcare solutions, the demand for chitosan in pharmaceutical and biomedical applications is expected to grow significantly.

  • Rising Environmental Concerns

As environmental awareness and sustainability initiatives gain prominence, there is a growing demand for eco-friendly and biodegradable materials. Chitosan, derived from natural sources such as shrimp, crab, squid, and krill, fits this requirement. Its biocompatible and biodegradable nature positions chitosan as an environmentally friendly alternative to synthetic chemicals, further driving its market growth.

 Challenges

  • Limited Awareness and Understanding

Despite its beneficial properties and applications, chitosan may still face limited awareness and understanding among potential end-users. Some industries may not be fully aware of the potential benefits and cost-effectiveness of chitosan compared to other alternatives. Lack of education and awareness about the value proposition of chitosan can slow down its market growth and adoption in various sectors.

  • Regulatory Challenges

Chitosan products may face regulatory challenges related to their classification, labelling, and approval for specific applications. Regulatory requirements can vary across different countries and regions, making it challenging for chitosan manufacturers to navigate and comply with multiple regulatory frameworks. These challenges can hinder the market growth of chitosan, especially in highly regulated industries such as pharmaceuticals and food.

This global chitosan market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the global chitosan market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In January 2020, Indian medtech start-up Axio Biosolutions raised Rs36 crores ($5.2 million) in a Series B-1 funding round led by Omidyar Network India. Axio Biosolutions plans to utilize the funds to expand its presence in the U.S. and Western Europe while developing surgical and wound care products for the global market. The company's chitosan-based wound care product, Axiostat, has received clearance from the U.S. FDA and will soon enter the U.S. market. The latest funding round is an extension of the previous round where Axio raised Rs47 crores ($7.4mn) from UC-RNT, Accel, and Chiratae Ventures

Global Chitosan Market Scope

The global chitosan market is segmented on the basis of source, grade, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

  • Shrimp
  • Crab
  • Squid
  • Krill

Grade

  • Industrial
  • Food
  • Pharmaceutical

Application

  • Water Treatment
  • Pharmaceutical & Biomedical
  • Cosmetics
  • Food & Beverage
  • Industrial
  • Agrochemical
  • Others

Chitosan Market Regional Analysis/Insights

The global chitosan market is analysed and market size insights and trends are provided by source, grade, and application and are referenced above.

The countries covered in the global chitosan market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of the Middle East and Africa in Middle East and Africa.

Asia-Pacific dominates the global chitosan market owing to the increase in demand for bio based products coupled with supporting government scenarios in this region.

Europe is expected to be the fastest growing market in the global chitosan market and during the forecast period from 2023 to 2030 owing to the growing number of food processing industries in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.  

Competitive Landscape and Chitosan Market Share Analysis

The global chitosan market competitive landscape provides details by competitors. 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 company’s focus related to the global chitosan market.

Some of the major players operating in the global chitosan market are

  • Advanced Biopolymers AS (Norway)
  • Meron (Israel)
  • Heppe Medical Chitosan GmbH (Germany)
  • Kitozyme, LLC (U.S.)
  • Kraeber & Co. GmbH (Germany)
  • Foodchem International Corporation (China)
  • FMC Corporation (U.S.)
  • Golden-Shell Pharmaceutical (China)
  • PharmaCentral (Iceland)
  • Nano3Bio (U.K.)
  • Koyo Chemical Industry  Co., Ltd (Japan)
  • Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
  • Bio-Thera Bio-Pharmaceutical Co., Ltd (U.S.)
  • Panvo Organics Pvt Ltd (India)
  • Qingdao Yunzhou Biochemistry Co., Ltd. (China)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Chitosan Market will be worth USD 4,207.65 million by 2030.
Chitosan Market growth rate is 13.7% during the forecast period.
Increasing Demand in Water Treatment, Growing Demand in the Cosmetics Industry and Wide-Ranging Industrial Applications are the growth drivers of the Chitosan Market.
Source, grade, and application are the factors on which the Chitosan Market research is based.
Indian medtech start-up Axio Biosolutions raised Rs36 crores ($5.2 million) in a Series B-1 funding round led by Omidyar Network India & the latest funding round is an extension of the previous round where Axio raised Rs47 crores ($7.4mn) from UC-RNT, Accel, and Chiratae Ventures are the latest developments in the Chitosan Market.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials