The Global Chitosan Market size is expected to reach $36.2 billion by 2030, rising at a market growth of 17.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 432.43 kilo tonnes, experiencing a growth of 16.5% (2019-2022).
The increasing demand for it in water treatment is driven by its effectiveness as a natural and biodegradable coagulant. Thus, the water treatment captured 32.1% revenue share in the market 2022. This is generally considered safe and non-toxic, making it suitable for use in drinking water treatment applications. Unlike some synthetic coagulants, it is biodegradable, making it a more environmentally friendly option for water treatment. Therefore, these factors can drive the expansion of the segment.
Advancements in processing parameters, such as temperature, pH, and solvent selection, have optimized its extraction process, further improving efficiency and cost-effectiveness. By fine-tuning these parameters, researchers have achieved higher yields while reducing energy consumption and resource utilization.
Additionally, as per the data from Invest India, for the fiscal year 2022-23, agriculture and allied sectors will contribute 18.3% of the gross value added to the overall Indian economy. For the initial nine months of fiscal year 2022-23 (April-December), agricultural and processed food product exports surged by 13% to $19.69 billion, surpassing the corresponding period of fiscal year 2021-22.
However, fluctuations in shellfish supply pose a significant obstacle to its production. Factors such as changes in fishing quotas, natural disasters affecting shellfish populations, and shifts in consumer demand can lead to unpredictability in the availability of raw materials. Additionally, environmental regulations to preserve marine ecosystems may impose restrictions on shellfish harvesting, further complicating the procurement process. Thus, these factors can lead to a decreased demand for it in the coming years.
The increasing demand for it in water treatment is driven by its effectiveness as a natural and biodegradable coagulant. Thus, the water treatment captured 32.1% revenue share in the market 2022. This is generally considered safe and non-toxic, making it suitable for use in drinking water treatment applications. Unlike some synthetic coagulants, it is biodegradable, making it a more environmentally friendly option for water treatment. Therefore, these factors can drive the expansion of the segment.
Advancements in processing parameters, such as temperature, pH, and solvent selection, have optimized its extraction process, further improving efficiency and cost-effectiveness. By fine-tuning these parameters, researchers have achieved higher yields while reducing energy consumption and resource utilization.
Additionally, as per the data from Invest India, for the fiscal year 2022-23, agriculture and allied sectors will contribute 18.3% of the gross value added to the overall Indian economy. For the initial nine months of fiscal year 2022-23 (April-December), agricultural and processed food product exports surged by 13% to $19.69 billion, surpassing the corresponding period of fiscal year 2021-22.
However, fluctuations in shellfish supply pose a significant obstacle to its production. Factors such as changes in fishing quotas, natural disasters affecting shellfish populations, and shifts in consumer demand can lead to unpredictability in the availability of raw materials. Additionally, environmental regulations to preserve marine ecosystems may impose restrictions on shellfish harvesting, further complicating the procurement process. Thus, these factors can lead to a decreased demand for it in the coming years.
By Application Analysis
On the basis of application, the market is divided into water treatment, medical & pharmaceuticals, agrochemicals, cosmetics, food & beverages, and others. In 2022, the medical & pharmaceuticals segment witnessed 21.6% revenue share in the market. The growing incidence of chronic diseases, such as cancer, diabetes, and cardiovascular disorders, has fueled the demand for innovative pharmaceutical formulations.By Grade Analysis
Based on grade, the market is segmented into industrial, food, and pharmaceutical. The industrial segment held 48.5% revenue share in the market in 2022. Advances in its extraction techniques, formulation technologies, and product development have expanded the potential applications of industrial-grade chitosan.By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 26.3% revenue share in the market in 2022. Government initiatives promoting the use of biodegradable materials and sustainable practices have further impetus to the growth of the market in 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
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Global Chitosan Market by Grade
Chapter 5. Global Chitosan Market by Application
Chapter 6. Global Chitosan Market by Region
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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