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Chitosan Market Report and Forecast 2024-2032

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    Report

  • 155 Pages
  • February 2024
  • Region: Global
  • Expert Market Research
  • ID: 5944498
Global Chitosan Market Report and Forecast 2024-2032

Market Outlook

According to the report, the global chitosan market is projected to grow at a CAGR of 20.9% between 2024 and 2032, reaching a value of USD 86.1 billion by 2032. Aided by the escalating demand for biodegradable materials and the versatile applications of chitosan across diverse industries, the market is expected to grow significantly by 2032.

Chitosan, derived from chitin found in the exoskeletons of crustaceans like shrimp, crabs, and lobsters, is a biopolymer known for its biocompatibility, biodegradability, and non-toxic nature. It's widely used in water treatment, biomedicine, pharmaceuticals, cosmetics, and the food industry. Chitosan's unique properties like antimicrobial activity, ability to form films, and its capacity to bind with fats and cholesterol, contribute to its extensive application range.

The increasing use of chitosan in environmental applications, particularly in water treatment is one of the key chitosan market trends. Chitosan's effectiveness in binding with contaminants and heavy metals facilitates its use in water purification processes. Additionally, the growing environmental concerns and stringent regulations regarding the use of biodegradable materials have significantly boosted the demand for chitosan.

In the biomedical field, chitosan's biocompatibility and healing properties have led to its utilisation in wound dressings, drug delivery systems, and tissue engineering. The pharmaceutical industry leverages chitosan for controlled drug release and as a carrier in targeted drug delivery systems, due to its non-toxic and biodegradable nature.

According to the chitosan market analysis, the food and beverage industry employs chitosan as a natural preservative and for improving the quality and shelf-life of products. Its ability to form edible films makes it an attractive option for food packaging applications. The cosmetic industry also capitalises on chitosan for its moisturising and skin-repairing properties, incorporating it into skincare and haircare products.

Technological innovations in the extraction and processing of chitosan have enabled more efficient and cost-effective production, contributing to chitosan market growth. Advances in nanotechnology have led to the development of chitosan nanoparticles, which have found applications in various sectors, including biomedicine and electronics.

The Asia Pacific region, particularly countries like China and Japan, dominates the market due to the abundant availability of raw materials and the presence of key players in the region. North America and Europe also hold substantial market shares, driven by advanced research facilities and growing environmental consciousness.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application

  • Water Treatment
  • Pharmaceutical and Biomedical
  • Cosmetics
  • Food and Beverages
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chitosan market. Some of the major players explored in the report are as follows:
  • G.T.C. Bio Corporation
  • Panvo Organics Pvt. Ltd.
  • AgraTech International, Inc.
  • Golden-shell Pharmaceutical Co., Ltd.
  • Heppe Medical Chitosan GmbH
  • Others


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Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Chitosan Market Analysis
8.1 Key Industry Highlights
8.2 Global Chitosan Historical Market (2018-2023)
8.3 Global Chitosan Market Forecast (2024-2032)
8.4 Global Chitosan Market by Application
8.4.1 Water Treatment
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Pharmaceutical and Biomedical
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cosmetics
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Food and Beverages
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Chitosan Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Chitosan Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Chitosan Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Chitosan Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Chitosan Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Chitosan Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Price Analysis
15.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 G.T.C. Bio Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Panvo Organics Pvt. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 AgraTech International, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Golden-shell Pharmaceutical Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Heppe Medical Chitosan GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chitosan Market: Key Industry Highlights, 2018 and 2032
2. Global Chitosan Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Chitosan Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Chitosan Historical Market: Breakup by Region (USD Million), 2018-2023
5. Global Chitosan Market Forecast: Breakup by Region (USD Million), 2024-2032
6. North America Chitosan Historical Market: Breakup by Country (USD Million), 2018-2023
7. North America Chitosan Market Forecast: Breakup by Country (USD Million), 2024-2032
8. Europe Chitosan Historical Market: Breakup by Country (USD Million), 2018-2023
9. Europe Chitosan Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Asia Pacific Chitosan Historical Market: Breakup by Country (USD Million), 2018-2023
11. Asia Pacific Chitosan Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Latin America Chitosan Historical Market: Breakup by Country (USD Million), 2018-2023
13. Latin America Chitosan Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Middle East and Africa Chitosan Historical Market: Breakup by Country (USD Million), 2018-2023
15. Middle East and Africa Chitosan Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Global Chitosan Market Structure

Companies Mentioned

  • G.T.C. Bio Corporation
  • Panvo Organics Pvt. Ltd.
  • AgraTech International Inc.
  • Golden-shell Pharmaceutical Co. Ltd.
  • Heppe Medical Chitosan GmbH

Methodology

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Table Information