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The chitosan market size is valued to increase USD 18.68 billion, at a CAGR of 23.31% from 2023 to 2028. Emerging applications from end-user industries will drive the chitosan market.
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The chitosan industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The water treatment segment is estimated to witness significant growth during the forecast period.
Chitosan, a biodegradable and naturally sourced polysaccharide, is gaining significant traction in various industries due to its unique properties. In the water treatment sector, it holds a substantial market share, accounting for approximately 45% of the total demand in 2023. This is attributed to its high efficiency in removing heavy metals and chemicals from wastewater through adsorption. The film-forming and antibacterial properties of chitosan are also driving its adoption in the production of biomedical coatings, drug delivery systems, and tissue engineering scaffolds. Its mechanical strength and biocompatibility make it an ideal material for these applications. The biosynthesis methods for chitosan have evolved, with chitin deacetylation being a popular approach.
The degree of deacetylation significantly influences the properties of chitosan, affecting its viscosity, molecular weight distribution, and water solubility. In the biomedical field, chitosan's immune response modulation and protein binding capacity contribute to its use in wound healing applications and antimicrobial and antifungal formulations. Controlled release formulations and biodegradability assessment are crucial aspects of its application in agriculture, where it enhances plant growth and serves as a food preservative. Chemical modification and purification processes are essential for optimizing the properties of chitosan for specific applications. Thermal stability and characterization methods are used to determine its suitability for various industries, including water treatment and biomedical applications.
The market for chitosan is expected to expand, with the demand for biodegradable and eco-friendly materials increasing. Approximately 30% of the global market is projected to grow in the agricultural sector, while the biomedical sector is expected to witness a growth of around 28% in the coming years. Chitosan's versatility and potential applications across various industries make it a valuable resource for businesses. Its ongoing use in water treatment, biomedical applications, agriculture, and food preservation demonstrates its importance and the continuous evolution of its market.
The Water treatment segment was valued at USD 2.43 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 59% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region holds a significant market share in the global market. The increasing demand for chitosan and its derivatives in various industries, including food and beverages, pharmaceuticals and biomedicines, and cosmetics, is fueling the market growth in APAC. Japan is a major contributor to the market in this region, with a substantial share due to the abundant availability of raw materials, such as shrimps and crabs, and the high utilization of chitosan in wastewater treatment.
China, Vietnam, and Thailand are also significant producers in the region. The market's expansion is attributed to the growing industrial applications and the increasing awareness of the health benefits associated with chitosan.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses a wide range of applications, including chitin-based drug delivery systems, chitosan nanoparticles for gene delivery, chitosan films for food packaging, and chitosan hydrogels for wound healing. Chitosan's unique polymeric structure significantly influences its bioactivity, with the degree of deacetylation impacting solubility and molecular weight affecting film properties. In the realm of biomedical applications, chitosan-based antimicrobial coatings, immune response modulation by chitosan oligomers, and chitosan interaction with plant cell walls have garnered significant attention. The agricultural sector also leverages chitosan for plant growth promotion, controlled release of pesticides, and chitosan-based agricultural film applications.
Chitosan's versatility extends to water purification using chitosan membranes and heavy metal removal. Moreover, chitosan-based tissue engineering and composite materials have emerged as promising areas of research. Comparatively, the industrial application segment accounts for a significantly larger share in the market compared to the academic segment. This can be attributed to the increasing demand for chitosan in various industries, such as food, pharmaceuticals, and agriculture. Characterization techniques of chitosan, including spectroscopic, microscopic, and chromatographic methods, are essential in understanding its properties and optimizing its applications. Furthermore, the development of advanced chitosan-based products, such as chitosan-based wound dressing materials, has gained momentum due to their superior performance and biocompatibility.
In summary, the market presents a dynamic and diverse landscape, driven by the increasing demand for sustainable and biodegradable materials in various industries. The potential applications of chitosan continue to expand, making it a valuable resource for businesses and researchers alike.
The chitosan market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the chitosan market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Chitosan Industry
Companies are implementing various strategies, such as strategic alliances, chitosan market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advanced Biopolymers AS - Chitosan, a naturally derived polysaccharide, is offered in various forms by the company. These include food grade, pharmaceutical grade, and industrial grade chitosan, catering to diverse applications in industries such as food, healthcare, and manufacturing. The versatility of chitosan makes it a valuable resource for numerous sectors.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Chitosan Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 23.31% |
Market growth 2024-2028 |
USD 18678.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
18.59 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Chitosan Market between 2024 and 2028?
USD 18.68 billion, at a CAGR of 23.31%
What segmentation does the market report cover?
The report is segmented by End-user (Water treatment, Food and beverage, Cosmetics, Pharmaceutical and biomedical, and Others), Source (Shrimps, Prawns, Crabs, and Others), Geography (APAC, North America, Europe, South America, and Middle East and Africa), and Form (Powder, Liquid, and Flakes)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Emerging applications from end-user industries, Limitations of chitosan affecting its demand
Who are the major players in the Chitosan Market?
Advanced Biopolymers AS, Agratech International, Bio21, Chitinor AS, Chitolyic, Chitotech, Chitose Bio, FMC Corporation, G.T.C. Bio Corporation, Golden-Shell Pharmaceutical, Heppe Medical Chitosan GmbH, KitoZyme S.A., Koyo Chemical Co. Ltd., Merck KGaA, Panvo Organics Pvt. Ltd., Primex ehf, Qingdao Yunzhou Biochemistry Co. Ltd., Taizhou Aisheng Chemical Co. Ltd., Tidal Vision, and Vietnam Food
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Source
8 Market Segmentation by Form
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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