Chitosan Market to Grow by USD 11.15 Billion from 2022 to 2027, Technavio Reports
Key Highlights :
The chitosan market is expected to grow significantly by USD 11.15 billion from 2022 to 2027, according to Technavio. This impressive growth is attributed to the emerging applications from end-user industries, such as water treatment, food and beverage, cosmetics, pharmaceutical and biomedical, and others. The market is segmented by end-user, source, and geography.
The chitosan market is driven by the rising demand for chitosan products from end-user industries. Chitosan is a biopolymer derived from chitin, which is the main component of the shells of crustaceans, such as shrimps, prawns, and crabs. It is used in various industries, including water treatment, food and beverage, cosmetics, pharmaceutical and biomedical, and others. The company offers a variety of chitosan products, such as food-grade chitosan, pharmaceutical-grade chitosan, and industrial-grade chitosan.
The global chitosan market is segmented by end-user, source, and geography. The report provides an in-depth analysis of the market size and forecast, competitive landscape, growth drivers, and trends for each segment.
In terms of end-user, the water treatment segment is expected to grow at a CAGR of 4.87% during the forecast period. The market size is forecast to increase by USD 3.45 billion from 2022 to 2027. The food and beverage segment is expected to grow at a CAGR of 4.91% during the forecast period. The market size is forecast to increase by USD 2.78 billion from 2022 to 2027.
In terms of source, the shrimps segment is expected to grow at a CAGR of 4.91% during the forecast period. The market size is forecast to increase by USD 2.78 billion from 2022 to 2027. The prawns segment is expected to grow at a CAGR of 4.87% during the forecast period. The market size is forecast to increase by USD 3.45 billion from 2022 to 2027.
The report also provides an in-depth analysis of the leading 20 companies operating in the chitosan market, including Advanced Biopolymers AS, Axio Biosolutions Pvt. Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., Golden Shell Pharmaceutical, Heppe Medical Chitosan GmbH, KIMICA Corp., KitoZyme LLC, Kraeber Co GmbH, Marshall Marine Products, Meron Group, Nitta Gelatin India Ltd., Panvo Organics Pvt. Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Sisco Research Laboratories Pvt. Ltd., Tagrow Co. Ltd., Tokyo Chemical Industry Co. Ltd., Novamatrix, Primex ehf, and Xianju Tengwang Chitosan Factory.
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