Report Overview

Global Chitosan Market – Market Forecast & Trends

The main factors motivating the chitosan industry are the plentiful raw material accessibility and developing uses from numerous end-use segments. The ongoing R&D activities focused on finding novel applications of chitosan as well as improving the existing technology is also predictable to donate towards the growth of the chitosan market during the analysis period. However, the high making cost of chitosan and its byproducts and product inconsistency due to seasonal, regional, and chemical alterations could hinder the market development.

The critical driver that is increasing the chitosan market is the severe scarcity of freshwater due to the growing urban people and the fast rate of industrialization. As a solution, administrations and the private market performers are making savings for the water treatment universal. A sole combination known as chitosan flocculant is used in the cure of the water, as it is cost operational and is more effective than the flocculant in the water treatment. The booming personal care industry is increasing the worldwide chitosan market. Chitosan is used as an element in the products of dental care, hair care, and skincare products. It has the right skin creaming property, thus used in numerous skin care products. The factor that is negatively moving the market development is the high cost of the raw materials for the manufacturing of the chitosan.

Global Chitosan Market – Overview

A kind of sugar that is gained from the hard outer skeleton of shellfish such as shrimp, crab, and lobster is known as chitosan. It is also used in drugs to cure diseases such as Crohn’s disease, obesity, and high fat. The problems that are resulted from kidney failure can be cured with the help of chitosan. The issues may be insomnia, high cholesterol, anemia, etc. There are cases where people apply chitosan directly to the gums to treat the soreness.

Growth Drivers

Prevailing applications of chitosan from the end user industry will uplift the market growth in the forecast period

Rising demand for products from the cosmetics sector is also predictable to surge growth on the market and the increasing use range for products for wastewater therapy. Besides, removing strict laws limiting the established by the Government of Mexico of new producing units led to the development of large-scale, new pharmaceutical installations in the region. Also, increasing uses of the product in water therapy, such as chelating, flocculant, coagulating agents, will have a significant effect on section growth.

Rising awareness among the people regarding the uses of chitosan will boost the market growth

Due to the surge in product consumption as a food additive and food supplement, the request for food and beverages is predictable to be the firmest CAGR from 2019 to 2026. The product is also used for the niche industry in a diversity of other sectors, including agrochemicals, photography, textile concluding, and pulp & paper. More request is also predisposed to fuel the product demand for bio-based cosmetics and augmented public expenses in water purification methods and application for natural, nontoxic water conduct chemicals.

Global Chitosan Market: Segmentation       

Industrial-grade chitosan is an extensively used in agrochemicals, water treatment, and other uses. It is a low-cost grade of chitosan. The rising demand for non-chemical products/technologies such as UV disinfection and membranes in water treatment and agrochemical uses is motivating the development of the industrial-grade chitosan market.

Based on the application trends, the chitosan market has been divided into biomedical, cosmetics, food and beverage, water treatment, pharmaceutical and others. Amid these water cures were the major application segment, owing to its growing demand from industrial, commercial, and municipal waste treatment plants.

Geographically, the Global Chitosan Market is divided into North America, Europe, Asia-Pacific, and LAMEA regions. Asia-Pacific tops the global chitosan market accounting for more than half of the market share in terms of value and volume. Asia-Pacific is predictable to endure to lead the market during the prediction period owing to the occurrence of important number market players, particularly in China, Japan, India, and Thailand.

Global Chitosan Market: Regional insights

The Asia Pacific developed as the primary regional market in 2019. It is also predictable to be the fastest-growing region due to the fast development of end-use industries in South Korea, Japan, China, and India. Increasing demand for bio-based products coupled with supporting government scenario in these counties is probable to drive the local request for chitosan. As per the Korea Food & Drug Administration, products such as chitooligosaccharides and glucosamine are considered safe for use in dietary supplements. Likewise, in Japan, it is filed on the food flavors list given by The Japan Food Chemical Research Foundation.

In the Asia Pacific, Japan has been one of the leading makers as well as consumers of chitosan owing to the presence of plentiful raw material coupled with early recognition of the benefits offered by the product.

Competitive Landscape

BioPhrame Technologies, Biothera, Dainichiseika Color & Chemicals Mfg. Co. Ltd, United Chitotechnologies Inc., Koyo World (Hong Kong) Co. Ltd., Kraeber & Co. GmbH, Foodchem International Corporation, FMC Corporation, Xianju Tengwang Chitosan Factory, and PT Biotech Surindo.

Recent Development

In March 2019, DRDO, the Indian Defence Research and Development Organisation, have developed ‘combat drugs’ in demand to decrease causalities caused in the warfare. Among all the other combat drugs that they have designed, Chitosan gel helps to prevent blood loss by creating a film over the wound, thus stopping the bleeding.

·         ·         By Grade

ü  Industrial

ü  Food

ü  Pharmaceutical

·         Application

ü  Water Treatment

ü  Food & Beverages

ü  Cosmetics

ü  Medical & Pharmaceuticals

ü  Agrochemicals

·         By Region

ü  North America

ü  Europe

ü  Asia Pacific

ü  South America

ü  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the Global Chitosan Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Chitosan Market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

Ø  To outline, categorized, and forecast the Global Chitosan Market based on the Grade, By Application and Regional.

Ø  To examine competitive developments like by Grade, By Application and Regional within the Global Chitosan Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Business Questions Answer by the Report

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and one will be the fastest - growing, and why?

Ø  A comprehensive survey of the competitive landscape and the market participant players

Ø  Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

Ø  With five additional company detail analysis

Ø  Additional country analysis

Ø  Detailed segment analysis