Global Chitosan Market Drivers, Restraints, Potential Growth Opportunities, Vendor Competitive Landscape, Trends and Forecast 2018-2025


Posted December 4, 2018 by simone

Chitosan can also be produced from certain fungi. Chitosan is promoted under many product grades such as industrial, pharmaceutical and food & beverage depending upon the product purity.

 
Global Chitosan market size is expected to reach USD XXXX million from USD XXXX million, registering a CAGR of XXX% during the forecast period. Chitosan is the deacetylated form of chitin, it is a biopolymer removed from the shells of crustaceans such as shrimp, crabs, and others. According to the Food and Agriculture Organization (FAOSTAT), around XXXXXX tons of crustaceans’ shell waste is produced annually in Europe. The shell waste in the crustaceans’ process contains high amount of chitin that is further processed to produce chitosan, glucosamine, and other derivatives. The shell waste having chitin is treated with specific alkalis and acids under optimal reaction conditions. After experiencing sequential demineralization and deproteinization, chitin is obtained that is further deacetylated to produce chitosan.

Chitosan can also be produced from certain fungi. Chitosan is promoted under many product grades such as industrial, pharmaceutical and food & beverage depending upon the product purity. The supply chain of the chitosan market starts from procuring of raw materials, manufacturing of chitosan, it’s processing and supplying of finished products to the various vendors of chitosan industry. The pure grades of the product are not easy to procure hence the vendors enjoy a profitable margins on the sale of the products.

The major factors contributing to the impending growth of the Chitosan market are adequate raw material and emerging applications and usability in various industries. Increased research and development activities in the existing technologies is another factor contributing to the growth of the chitosan market size. Water treatment is the major contributor in the chitosan market size, followed by biomedical & pharmaceuticals, food and beverages, bio printing and agriculture. However, the high production cost involved and product inconsistency due to seasonal, regional and chemical modification could slow down the chitosan market growth.

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Chitosan industry can be segmented on various types such as source, application and geography. The major sources of chitosan includes shell wastes from, shrimp, squid, crab, and krill. Chitosan market by application is segmented into water treatment, biomedical & pharmaceuticals, cosmetics, food & beverage, and many others. On the basis of geography it can be further segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). Asia-Pacific leads the global chitosan market accounting to almost 50% of the value and volume of chitosan market size.

The key market players in Chitosan industry are Advanced Biopolymers AS (Norway), G.T.C. Bio Corporation (China), Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), Kitozyme S.A. (Belgium), Novamatrix (Norway), Agratech International, Inc. (U.S.), Golden-Shell Pharmaceutical Co. Ltd. (China) and many others.
Segments:

The various segments of Chitosan Market are,
Sources:
• Shell wastes from shrimp, squid, crab, and krill

Applications:
• Water treatment
• Biomedical & Pharmaceuticals
• Cosmetics
• Food & Beverage
• Coal
• Graphite
• Coke

Regions:
• North America
• Europe
• Asia Pacific
• Rest of the World (ROW).

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Last Updated December 4, 2018