Global Chitosan Market, By Source (Shrimp, Crab, Squid, and Krill), Grade (Industrial, Food, and Pharmaceutical), Application (Water Treatment, Pharmaceutical and Biomedical, Cosmetics, Food and beverage, Industrial, Agrochemical, and Others) - Industry Trends and Forecast to 2030.
Chitosan Market Analysis and Size
The rise in the pharmaceutical industry across the globe acts as one of the major factors driving the growth of chitosan market. The increase in product application in water treatment, cosmetics, pharmaceutical and biomedical, and food and beverage industries, and the rise in demand for chitosan owning to their biomaterial with antibacterial and antimicrobial properties accelerate the market growth.
Data Bridge Market Research analyses that the global chitosan market which was USD 1,506.46 million in 2022, would rocket up to USD 4,207.65 million by 2030, and is expected to undergo a CAGR of 13.7% during the forecast period from 2023 to 2030.
“Water treatment” dominates the application segment of the global chitosan market due to its excellent flocculation and adsorption properties, making it effective in removing pollutants and heavy metals from wastewater. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Chitosan Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
|
|
Segments Covered
|
Source (Shrimp, Crab, Squid, and Krill), Grade (Industrial, Food, and Pharmaceutical), Application (Water Treatment, Pharmaceutical and Biomedical, Cosmetics, Food and beverage, Industrial, Agrochemical, and Others)
|
|
Countries Covered
|
North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the Rest of Asia-Pacific), Middle East and Africa (U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of Middle East and Africa)
|
|
Market Players Covered
|
Advanced Biopolymers AS (Norway), Meron (Israel), Heppe Medical Chitosan GmbH (Germany), Kitozyme, LLC (U.S.), Kraeber & Co. GmbH (Germany), Foodchem International Corporation (China), FMC Corporation (U.S.), Golden-Shell Pharmaceutical (China), PharmaCentral (Iceland), Nano3Bio (U.K.), Koyo Chemical Industry Co., Ltd (Japan), Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan), Bio-Thera Bio-PharmaceuticalCo., Ltd (U.S.), Panvo Organics Pvt Ltd (India), and Qingdao Yunzhou Biochemistry Co., Ltd. (China).
|
|
Market Opportunities
|
|
Market Definition
Chitosan refers to a kind of carbohydrate that is bonded with number of sugar molecules and contains chitin and chitosan. The two naturally abundant and renewable polymers display properties such as adsorption, biodegradability, non-toxicity and nature-friendliness. The compound is utilized for various applications particularly in the industries such as water treatment, agrochemicals and cosmetics.
Global Chitosan Market Dynamics
Drivers
- Increasing Demand in Water Treatment
The growing global population, urbanization, and industrialization have led to increased water pollution and the need for effective water treatment solutions. Chitosan's exceptional flocculation and adsorption properties make it an attractive choice for water treatment applications. Its ability to remove contaminants and heavy metals from waste water drives the demand for chitosan in this sector.
- Growing Demand in the Cosmetics Industry
Chitosan's film-forming and moisturizing properties make it a popular ingredient in cosmetic and personal care products. Chitosan is used in various formulations, including hair care, skincare, and oral care products, due to its ability to enhance product stability and provide beneficial effects on the skin and hair. The expanding cosmetics industry, driven by changing consumer preferences and increased focus on natural and organic products, fuels the demand for chitosan.
- Wide-Ranging Industrial Applications
Chitosan finds applications across diverse industrial sectors. It is used in textile manufacturing, paper production, and as a bio stimulant in agriculture. Chitosan's antimicrobial properties make it useful in food packaging materials to extend shelf life. Moreover, its use in bioplastics, wastewater treatment, and oil recovery processes further contributes to the market growth of chitosan.
Restraints
- High Production Costs
The production process of chitosan involves several complex steps, including the extraction and purification of chitin from marine sources, followed by the deacetylation process to obtain chitosan. These processes can be costly and require specialized equipment and expertise. The high production costs of chitosan can limit its affordability and hinder its widespread adoption, especially in price-sensitive markets.
- Limited Availability of Raw Materials
Chitosan is primarily derived from marine sources such as shrimp, crab, squid, and krill. The availability and sustainability of these raw materials can be a constraint for the chitosan market. Factors such as overfishing, environmental changes, and regulatory restrictions on fishing can impact the supply of chitosan raw materials, leading to potential shortages and price fluctuations.
Opportunities
- Expanding Applications in the Pharmaceutical and Biomedical Industries
Chitosan exhibits unique properties such as biocompatibility, bio adhesion, and controlled-release capabilities. These properties make it valuable in drug delivery systems, wound healing products, tissue engineering, and regenerative medicine. With the increasing focus on personalized medicine and the development of novel healthcare solutions, the demand for chitosan in pharmaceutical and biomedical applications is expected to grow significantly.
- Rising Environmental Concerns
As environmental awareness and sustainability initiatives gain prominence, there is a growing demand for eco-friendly and biodegradable materials. Chitosan, derived from natural sources such as shrimp, crab, squid, and krill, fits this requirement. Its biocompatible and biodegradable nature positions chitosan as an environmentally friendly alternative to synthetic chemicals, further driving its market growth.
Challenges
- Limited Awareness and Understanding
Despite its beneficial properties and applications, chitosan may still face limited awareness and understanding among potential end-users. Some industries may not be fully aware of the potential benefits and cost-effectiveness of chitosan compared to other alternatives. Lack of education and awareness about the value proposition of chitosan can slow down its market growth and adoption in various sectors.
- Regulatory Challenges
Chitosan products may face regulatory challenges related to their classification, labelling, and approval for specific applications. Regulatory requirements can vary across different countries and regions, making it challenging for chitosan manufacturers to navigate and comply with multiple regulatory frameworks. These challenges can hinder the market growth of chitosan, especially in highly regulated industries such as pharmaceuticals and food.
This global chitosan market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global chitosan market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In January 2020, Indian medtech start-up Axio Biosolutions raised Rs36 crores ($5.2 million) in a Series B-1 funding round led by Omidyar Network India. Axio Biosolutions plans to utilize the funds to expand its presence in the U.S. and Western Europe while developing surgical and wound care products for the global market. The company's chitosan-based wound care product, Axiostat, has received clearance from the U.S. FDA and will soon enter the U.S. market. The latest funding round is an extension of the previous round where Axio raised Rs47 crores ($7.4mn) from UC-RNT, Accel, and Chiratae Ventures
Global Chitosan Market Scope
The global chitosan market is segmented on the basis of source, grade, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Shrimp
- Crab
- Squid
- Krill
Grade
- Industrial
- Food
- Pharmaceutical
Application
- Water Treatment
- Pharmaceutical & Biomedical
- Cosmetics
- Food & Beverage
- Industrial
- Agrochemical
- Others
Chitosan Market Regional Analysis/Insights
The global chitosan market is analysed and market size insights and trends are provided by source, grade, and application and are referenced above.
The countries covered in the global chitosan market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of the Middle East and Africa in Middle East and Africa.
Asia-Pacific dominates the global chitosan market owing to the increase in demand for bio based products coupled with supporting government scenarios in this region.
Europe is expected to be the fastest growing market in the global chitosan market and during the forecast period from 2023 to 2030 owing to the growing number of food processing industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Chitosan Market Share Analysis
The global chitosan market competitive landscape provides details by competitors. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company’s focus related to the global chitosan market.
Some of the major players operating in the global chitosan market are
- Advanced Biopolymers AS (Norway)
- Meron (Israel)
- Heppe Medical Chitosan GmbH (Germany)
- Kitozyme, LLC (U.S.)
- Kraeber & Co. GmbH (Germany)
- Foodchem International Corporation (China)
- FMC Corporation (U.S.)
- Golden-Shell Pharmaceutical (China)
- PharmaCentral (Iceland)
- Nano3Bio (U.K.)
- Koyo Chemical Industry Co., Ltd (Japan)
- Dainichiseika Color & Chemicals Mfg. Co., Ltd. (Japan)
- Bio-Thera Bio-Pharmaceutical Co., Ltd (U.S.)
- Panvo Organics Pvt Ltd (India)
- Qingdao Yunzhou Biochemistry Co., Ltd. (China)
SKU-