The global chitosan market is expected to reach USD 47.06 billion by 2030, registering a CAGR of 20.3% from 2024 to 2030. The increasing demand for naturally derived products in dietary supplements, as well as agricultural applications, is expected to have a positive impact on the market growth during the forecasted period. Additionally, abundant raw material availability and ongoing R&D activities, to broaden its application scope, are the factors expected to propel the demand for chitosan during the next few years.
Chitosan is the most abundant available bio-polymer and is obtained primarily from crustacean waste. Dried shrimp waste is the most common raw material for the synthesis of chitin, which further is deacetylated to produce chitosan. In addition, various other crustacean animals including crabs, crayfish, lobsters, and krill shells are also used to manufacture chitosan. Furthermore, Belgium-based Kitozyme has developed a new technology that uses vegetable sources to produce chitosan.
Commercially, the product is manufactured using chemical and biotechnological processes. Among these, chemical processes are currently the most widely used methods for chitosan manufacturing at an industrial scale as well as in laboratory production. The chemical process involves using strong acids and bases such as acetone, hydrochloric acid, nitric acid, and sulfuric acid. However, hydrochloric acid, owing to its high efficiency in the removal of minerals, is used on a larger scale as compared to others by the chitosan manufacturers.
Chitosan can increase the water-holding capacity of the keratin layer; thus, its demand is expected to increase in various hair care products including setting lotions, shampoos, coloring products, and hairspray. Furthermore, the rising application scope of chitosan in manufacturing dental care products including mouthwash, toothpaste, and tooth gels is further likely to boost the market growth. Moreover, the rising demand for chitosan in manufacturing deodorants and foot powders is also expected to have a positive impact on market growth.
The demand for bio-based polymers used for domestic and industrial wastewater treatment has increased during the past few years. Additionally, rising consumer concerns regarding water purity and safety coupled with innovations in the field of water treatment are expected to have a positive impact on the market growth during the forecasted period.
Chitosan is the most abundant available bio-polymer and is obtained primarily from crustacean waste. Dried shrimp waste is the most common raw material for the synthesis of chitin, which further is deacetylated to produce chitosan. In addition, various other crustacean animals including crabs, crayfish, lobsters, and krill shells are also used to manufacture chitosan. Furthermore, Belgium-based Kitozyme has developed a new technology that uses vegetable sources to produce chitosan.
Commercially, the product is manufactured using chemical and biotechnological processes. Among these, chemical processes are currently the most widely used methods for chitosan manufacturing at an industrial scale as well as in laboratory production. The chemical process involves using strong acids and bases such as acetone, hydrochloric acid, nitric acid, and sulfuric acid. However, hydrochloric acid, owing to its high efficiency in the removal of minerals, is used on a larger scale as compared to others by the chitosan manufacturers.
Chitosan can increase the water-holding capacity of the keratin layer; thus, its demand is expected to increase in various hair care products including setting lotions, shampoos, coloring products, and hairspray. Furthermore, the rising application scope of chitosan in manufacturing dental care products including mouthwash, toothpaste, and tooth gels is further likely to boost the market growth. Moreover, the rising demand for chitosan in manufacturing deodorants and foot powders is also expected to have a positive impact on market growth.
The demand for bio-based polymers used for domestic and industrial wastewater treatment has increased during the past few years. Additionally, rising consumer concerns regarding water purity and safety coupled with innovations in the field of water treatment are expected to have a positive impact on the market growth during the forecasted period.
Chitosan Market Report Highlights
- Biomedical dominated the market, with the highest revenue share of 31.0% in 2023. This is attributed to the increasing demand for bio-based ingredients in drug manufacturing.
- The rising application scope of chitosan for manufacturing dental care products, including mouthwash, toothpaste, and tooth gels, will likely increase demand for these products.
- Asia Pacific dominated the market with the highest revenue share of nearly 44.5% in 2023.This is attributed to the Asia Pacific region having emerged as a dominant force in the market, driven by a combination of factors that enhance its position in the global landscape.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Chitosan market include:
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS
- Meron Biopolymers
- Biophrame Technologies
- United Chitotechnologies Inc.
- Heppe Medical Chitosan GmbH
- KitoZyme S.A.
- Foodchem International Corporation
- Chitosanlab
- FMC Corporation
- Golden-Shell Pharmaceutical Co. Ltd.
- Primex EHF
- Nano3Bio
- Koyo World (Hong Kong) Co. Ltd.
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- KYTOSAN LLC
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Chitosan Market Variables, Trends & Scope
Chapter 4. Chitosan Market: Application Outlook Estimates & Forecasts
Chapter 5. Chitosan Market Regional Outlook Estimates & Forecasts
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS
- Meron Biopolymers
- Biophrame Technologies
- United Chitotechnologies Inc.
- Heppe Medical Chitosan GmbH
- KitoZyme S.A.
- Foodchem International Corporation
- Chitosanlab
- FMC Corporation
- Golden-Shell Pharmaceutical Co. Ltd.
- Primex EHF
- Nano3Bio
- Koyo World (Hong Kong) Co. Ltd.
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- KYTOSAN LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13 Billion |
| Forecasted Market Value ( USD | $ 47.06 Billion |
| Compound Annual Growth Rate | 20.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
