Global Chitosan Market by Application (Water Treatment, Food & Beverage, Cosmetics, Pharmaceutical & Biomedical) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global chitosan sales were valued at USD 6.8 million in 2019, and are expected to grow at a revenue-based CAGR 24.7% between 2020-2027. Market growth is expected to be driven by the increasing application of chitosan products in the water treatment, pharmaceutical, biomedical and food and beverages industries.

Chitosan, an amino polysaccharide, polymer, is commercially made from the shells and meats of shrimp, crab, lobster, and crayfish. It is produced by chemical or enzymatic acetylation (or exoskeletons, or insects) of chitin, or cell walls, of fungi, with an alkaline substance like sodium hydroxide. Commercial manufacturing is complicated because each raw material has a different amount of chitosan. The main source of chitosan is shrimp, which contains 25% to 40% of chitin. However, the crab shell has approximately 15% to 20%.

Market growth is expected to be boosted by rising product demand in the cosmetics sector and expanding product applications in wastewater treatment. The Government of Mexico removed stringent regulations restricting the establishment of new manufacturing units. This has led to the creation of large-scale, high-quality pharmaceutical manufacturing facilities.

This strategy has been a key driver of domestic pharma industry growth. It is expected to continue to drive product demand in the coming years. The market growth will be impeded by high product prices, which are influenced by quality and purity.

The availability of raw material from the fishery sector, which is a waste product of the fishery industry, is one of the main factors driving chitosan market demand. The Asia Pacific region is home to one of the largest industries, the fishing industry. The Food and Agriculture Organization of the United Nations has identified China as the leading player in the global shrimp market. The country imported 285,900 tons of shrimp from India, Ecuador, and Saudi Arabia in the first half 2019. This was 186% more than the 100,000 tons it imported in 2018.

Application Insights

The market for chitosan has been divided into three segments based on its application trends: water treatment, pharmaceutical and biologic, cosmetics and food and drink. Due to the growing demand for water treatment, this segment was the most important. The water treatment's remarkable ability to remove pesticides and surfactants from wastewater can be used in flocculating and coagulating as well as a chemical chelating agent for their purification.

It is also used in the food processing and packaging industries as an antimicrobial agent. When mixed with nutritional supplements, it acts as a fungicide and provides freshness and health benefits. Its ability to increase immunity, lower blood sugar and decrease blood pressure will be key factors in driving demand for food and beverages.

Regional Insights

Asia Pacific was the biggest regional market in 2019, according to 2019. Due to the rapid growth of end-use industries and Japan, China, India, South Korea, it is expected to grow rapidly. The region's demand for chitosan is expected to rise due to the growing demand for biobased products and supportive government policies in these countries. For instance, according to the Korea Food & Drug Administration, products such as chitooligosaccharides and glucosamine are considered safe for use in dietary supplements. Similar to Japan, the application is made on The Japan Food Chemical Research Foundation's Food Additives list.

Japan is Asia Pacific's largest producer and consumer of chitosan. This is due to its abundance of raw material and early recognition of its benefits. Water treatment applications account for more than 60% of Japan's total market share. The growth forecast is expected to be positive if there is an increase in demand for artificial skin manufacturing and wound dressing.

The large import of chitosan has been a result of the increasing number of food processing companies in Europe. The European Parliament regulation (EC No 1107/2009) approves chitosan chloride as a base substance for dietary supplement additives. The forecast period will see an increase in demand due to increasing R&D spending in the pharmaceutical sector and growing popularity of natural makeup products.

Market Share Insights for Chitosan

Major players in the industry are committed to safer and more cost-effective production methods. Market leaders are also looking to expand their product range by focusing their efforts on the development of chitosan products that can be used in a variety of industries. Most of the key companies are located close to the coasts around the globe, which allows them to have easy access to raw materials.

Many small players are present in the Chitosan industry, particularly in Japan and China. Due to the presence key manufacturers like Kyowa Technos Co. Ltd. and Dainichiseika Color & Chemicals Mfg., Japan dominated the market in the beginning. KIMICA Corporation, and Co. Ltd. Later, several multinational companies such as Biophrame Technologies and Meron Biopolymers, Meron Biopolymers and Meron Medical Chitosan GmbH started commercial production.

The Report Covers Certain Segments

This report predicts revenue growth at both a country and regional level. It also analyzes the industry trends for each sub-segment from 2016 to 2027. Up Market Research has divided the global chitosan industry report by application and region.

• Application Outlook (Volume and Tons; Revenue USD Million, 2016-2027)

  • Water Treatment

  • Biomedical & pharmaceutical

  • Cosmetics

  • Food & Beverage

  • Other

• Regional Outlook (Volume and Tons; Revenue USD Million, 2016-2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • Spain

    • Italy

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Singapore

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

These are the most frequently asked questions about this report

b. Global chitosan markets are expected to expand at a compound annual rate of 20.6% between 2019 and 2027, reaching USD 21.4 billion in 2027.

b. Asia Pacific was the market leader in chitosan with a share at 62.1% for 2019. This can be attributed to the rapid growth of end-use industries such as South Korea, China, India and Japan.

b. Biophrame Technologies and Meron Biopolymers are some of the key players in the chitosan industry.

b. The key factors driving the growth of the chitosan industry are increasing demand from cosmetics industries and expanding usage in the waste-water treatment industry.

b. Global chitosan markets were valued at USD 6.9 Billion in 2019, and are expected to grow to USD 8.3 Billion by 2020.

Up Market Research published a new report titled “Chitosan Market research report which is segmented by Application (Water Treatment, Food & Beverage, Cosmetics, Pharmaceutical & Biomedical), By Players/Companies Golden-Shell Pharmaceutical Co Ltd, Qingdao Yunzhou Biochemistry Co, FMC Corp, Heppe Medical Chitosan GmbH, Biophrame Technologies, Meron Biopolymers”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Chitosan Market Report Segments:

The market is segmented by Application (Water Treatment, Food & Beverage, Cosmetics, Pharmaceutical & Biomedical).

Chitosan Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Chitosan Market

Overview of the regional outlook of the Chitosan Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Chitosan Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Chitosan Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Water Treatment

                2. Food & Beverage

                3. Cosmetics

                4. Pharmaceutical & Biomedical

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Chitosan Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Chitosan Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.