The North America Chitosan Market would witness market growth of 16.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 60.87 kilo tonnes, showcasing a growth of 16.0% (2019-2022).
Chitosan, in food and beverage applications, offers a multitude of uses and advantages, driving its adoption and contributing to market growth. One primary application of this in this sector is as a natural preservative and antimicrobial agent. Thus, the Canada market consumed 10.69 kilo tonnes of Chitosan in the market 2022.
The US market dominated the North America Chitosan Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,495.7 Million by 2030. The Canada market is experiencing a CAGR of 19.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.3% during (2023 - 2030).
This is a versatile ingredient in the food and beverage industry, functioning as a natural preservative, thickening agent, stabilizer, and dietary supplement. Growth in the food and beverage industry presents favorable opportunities for the market.
Additionally, as per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion.
As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Thus, the rising biomedical and cosmetics sectors in North America will help in the growth of the regional market.
Based on Grade, the market is segmented into Industrial, Food, and Pharmaceutical. Based on Application, the market is segmented into Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals, Agrochemicals, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Chitosan, in food and beverage applications, offers a multitude of uses and advantages, driving its adoption and contributing to market growth. One primary application of this in this sector is as a natural preservative and antimicrobial agent. Thus, the Canada market consumed 10.69 kilo tonnes of Chitosan in the market 2022.
The US market dominated the North America Chitosan Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,495.7 Million by 2030. The Canada market is experiencing a CAGR of 19.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 18.3% during (2023 - 2030).
This is a versatile ingredient in the food and beverage industry, functioning as a natural preservative, thickening agent, stabilizer, and dietary supplement. Growth in the food and beverage industry presents favorable opportunities for the market.
Additionally, as per the data from the Government of Canada, in 2022, the food and beverage processing industry were the largest manufacturing industry in Canada in terms of production value, with sales of goods manufactured worth $156.5 billion.
As per the data provided by the International Trade Administration in 2021, the cosmetics sector in Canada generated approximately USD 1.24 billion in revenue. Industry revenue is expected to reach USD 1.8 billion by 2024. Thus, the rising biomedical and cosmetics sectors in North America will help in the growth of the regional market.
Based on Grade, the market is segmented into Industrial, Food, and Pharmaceutical. Based on Application, the market is segmented into Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals, Agrochemicals, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Foodchem International Corporation
- FMC Corporation
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS
- Meron
- Heppe Medical Chitosan GmbH
- KitoZyme S.A
- Kraeber & Co. GmbH
- Golden-Shell Pharmaceutical
Market Report Segmentation
By Grade (Volume, Kilo Tonnes, USD Billon, 2019-2030)- Industrial
- Food
- Pharmaceutical
- Water Treatment
- Food & Beverages
- Cosmetics
- Medical & Pharmaceuticals
- Agrochemicals
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Chitosan Market by Grade
Chapter 5. North America Chitosan Market by Application
Chapter 6. North America Chitosan Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Foodchem International Corporation
- FMC Corporation
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS
- Meron
- Heppe Medical Chitosan GmbH
- KitoZyme S.A
- Kraeber & Co. GmbH
- Golden-Shell Pharmaceutical
Methodology
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