Market Overview
The global chitosan market is poised to touch USD 5.02 billion at a healthy 18.02% CAGR over the assessment period (2015-2022). Chitosan simply put, is a form of fiber that is derived from chitin. It is a substance which develops in outer shells of crustaceans namely squid, shrimp, crayfish, and crab. Chitosan as other types of fiber is indigestible and without being absorbed moves via the gastrointestinal system. It also comes in the form of dietary supplements to aid people lower cholesterol levels and lose weight. Some of the major applications of chitosan include bioprinting and agriculture, biomedical and pharmaceuticals, cosmetics, food and beverage, water treatment, and others.
Owing to its anti-viral, anti-fungal and antibacterial properties, chitosan market is widely used in the pharmaceutical industry for surgical sutures, wound dressings, periodontal disease treatment, and cataracts surgery. In agriculture, it is used in different domains from pesticide to fertilizer. Chitin helps plants to defend itself naturally against pests such as insect, bacteria and fungus. In case of water treatments, chitosan acts as a water filtering aid and a clarifier. It easily bonds with micro contaminants and metals under water and at the same time being biodegradable, non-toxic and non-allergenic, thereby making the water clear. Chitosan is mostly used in lakes as it is totally natural, thus making it the right substitute to the chemical water treatment. It is also abundantly used in the food industry to control the transfer of moisture to the food from the environment, to reduce cholesterol and also as a flavor extender. Chitosan offers a wide range of health benefits including weight loss, boost energy and endurance, lower cholesterol, joint health, wound healing, reduce inflammation, boost immunity, bind and remove toxins and more.
There are abundant factors that is propelling the growth of the chitosan market. These factors as per the Market Research Future (MRFR) report include easy availability of abundant raw materials, emerging applications of chitosan from different end use segments, ongoing research and development activities to discover its new applications, development of the existing technology, unique properties of chitosan such as ease of chemical modification, excellent biodegradability and high biocompatibility. On the contrary, high production cost both of chitosan as well as its derivatives, product inconsistency owing to chemical, regional and seasonal modification, strict regulations related to shrimp farming, instability in few applications and its striking disadvantage in the drug delivery system are factors that may impede the growth of the chitosan market.
Key Players
Leading players profiled in the chitosan market include Primex ehf (Iceland), Kitozyme S.A. (Belgium), Panvo Organics Pvt Ltd. (India), Qingdao Yunzhou Biochemistry Co. Ltd. (China), Golden-Shell Pharmaceutical Co. Ltd. (China), Agratech International, Inc. (U.S.), Novamatrix (Norway), G.T.C. Bio Corporation (China), Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), and others.
Market Segmentation:
MRFR report offers a broad segmental analysis of the chitosan market on the basis of source and application.
Based on source, it is segmented into krill, crab, squid and shrimp.
Based on application, the chitosan market is segmented into pharmaceuticals, food industry, agriculture and others.
Access Report @ https://www.marketresearchfuture.com/reports/chitosan-market-2269
Regional Analysis
By region, the chitosan market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, the APAC region will outweigh others in the market over the assessment period owing to existence of key manufacturers here coupled with developing food and beverage and pharmaceutical industries in India, China and Japan. The chitosan market in North America is expected to have the second major share in the market over the assessment period followed by the chitosan market in Europe, Latin America as well Middle East and Africa.
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