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Chitosan Market

Global Chitosan Market Analysis, Share, Trends, Forecast: By Application: Water Treatment, Pharmaceutical and Biomedical, Cosmetics, Food and Beverages, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Chitosan Market Outlook

The global chitosan market stood at a value of around USD 11.97 billion in 2023 and is further expected to grow at a CAGR of 20.9% during the forecast period of 2024-2032. The increasing product demand for treating wastewater is expected to drive the chitosan market growth between 2024 and 2032.

 

Key Takeaways

  • As end-use sectors and consumers increasingly prioritise sustainability, the demand for eco-friendly and biodegradable materials like chitosan is rising.
  • In the healthcare sector, chitosan is widely used for wound healing, drug delivery systems, and tissue engineering.
  • Technological advancements have improved the extraction and processing of chitosan, enhancing its quality, consistency, and functionality.

 

Chitosan is a linear polysaccharide, which has a number of commercial and possible biomedical uses. It is a natural polymer derived from chitin, found mainly in the shells of crustaceans like shrimp and crabs. It's known for its biocompatibility, biodegradability, and non-toxicity. In various end-use sectors, chitosan is used for its ability to form films, its antimicrobial properties, and its capacity to chelate heavy metals.

 

The abundant raw material availability, emerging applications across key end-use sectors, and growing awareness among manufacturers regarding the benefits of chitosan are the significant factors propelling the global chitosan market growth. The growing pharmaceutical sector is also likely to boost the demand for the product, whereas the high production cost of chitosan may affect the market growth in the coming years. Chitosan is also highly valued in water treatment processes due to its ability to bind with contaminants and heavy metals, promoting their removal from water. As global concerns over water purity and conservation rise, so does the demand for chitosan in water treatment facilities.

 

Chitosan Market

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Key Trends and Developments

Expansion in the food and beverage sector; growing demand for sustainable agriculture practices; innovations in drug delivery systems; and technological advancements in the production of chitosan are the major trends impacting the chitosan market growth

 

Nov 16th, 2022

Chitogen Inc. and trÅ«® Chitosan, jointly announced the signing of a Letter of Intent to supply tru Chitosan for the market expansion of Chitogen’s patented and proprietary SoftSeal® interventional hemostat product line.

 

Sep 1st, 2022

Researchers at the University of Maryland's Center for Materials Innovation developed an innovative approach to controlling methane emissions by utilising chitosan, a chemical derivative of chitin, which is biodegradable.

 

Sep 12th, 2023

At EUCHIS 2023, Heppe Medical Chitosan GmbH announced the launch of their first-ever chitosan standards, marking a significant development in the field of molecular weight analysis.

 

Jan 8th, 2024

The development of the biodegradable chitosan sponge, crafted from chitosan, by researchers at the University of Porto and the Federal University of São Paulo represents a significant innovation in the treatment of candidiasis.

 

Expansion in the food and beverage sector

Chitosan is gaining traction in the food and beverage sector as a food preservative, additive, and packaging material, driven by its antimicrobial properties.

 

Growing demand for sustainable agriculture practices globally

The use of chitosan as a biopesticide and plant growth enhancer in agriculture is on the rise, reflecting the trend towards sustainable and eco-friendly farming practices.

 

Increased innovations and developments in drug delivery systems

Ongoing research and development efforts are leading to the exploration of new ways to utilise chitosan in drug delivery, particularly in targeted and controlled-release formulations.

 

Technological advancements in the production of chitosan

Innovations in the extraction and processing of chitosan are improving its quality, consistency, and functionality, expanding its applicability across different end-use sectors.

 

One of the key trends in the chitosan market is the product’s role in the food and beverage sector. Chitosan exhibits strong antimicrobial properties against a wide range of pathogens, including bacteria, fungi, and viruses and its use as a natural preservative extends the shelf life of food products by inhibiting microbial growth, reducing spoilage, and maintaining quality without the need for synthetic preservatives. Chitosan can also be used to form edible films and coatings for food products. These films serve as a barrier to oxygen, moisture, and microbial contaminants, further extending the shelf life of fresh produce, meats, and seafood.

 

At EUCHIS 2023, Heppe Medical Chitosan GmbH announced the launch of their first-ever chitosan standards through which it aims to enhance the precision of molecular weight analysis, thereby promoting better research, development, and application of chitosan across various end-use sectors, including biomedicine, pharmaceuticals, and environmental engineering. The introduction of these chitosan standards represents a breakthrough for researchers and product developers, offering a consistent and accurate means to measure molecular weight, which is essential for ensuring the quality and performance of chitosan-based products.

 

Chitosan Market By Segments

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Market Segmentation

“Chitosan Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

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

 

The pharmaceutical and biomedical sectors maintain their dominance in the chitosan market due to the product’s high biocompatibility

The pharmaceutical and biomedical sectors occupy a significant chitosan market share as chitosan is highly biocompatible and biodegradable, making it suitable for various medical and pharmaceutical applications. It also breaks down into harmless products, which minimises the risk of adverse reactions in the body. Chitosan is an excellent vehicle for drug delivery as its ability to protect drugs from degradation, enhance absorption, and control the release of drugs makes it highly valuable in formulating tablets, capsules, and other drug delivery systems.

 

Chitosan promotes wound healing and is used in bandages and wound dressings as its antimicrobial properties prevent infection, while its biocompatibility promotes tissue regeneration without causing excessive inflammation or foreign body reactions.

 

The chitosan market demand is also driven by the cosmetic sector as the unique properties of chitosan align well with the needs and trends in cosmetic formulations. Consumers are increasingly seeking natural, eco-friendly products and chitosan, being a natural polymer derived from chitin, meets this demand. Its biodegradability is an added advantage, aligning with the trend towards sustainability in the cosmetics sector. Chitosan also has excellent moisture retention capabilities, making it a popular ingredient in skin moisturisers, lotions, and anti-ageing products as it helps keep the skin hydrated and can improve skin texture and appearance.

 

Chitosan Market By Region

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Competitive Landscape

The market players are increasing their research and development efforts, exploring potential application of chitosan to gain a competitive edge in the market

 

G.T.C. Bio Corporation is a renowned chitosan manufacturer located in Shandong Province, China. The company excels in the biotechnology field, combining manufacturing and trade.

 

Panvo Organics Pvt. Ltd. is recognised as a WHO-GMP-certified manufacturer excelling in the production of active pharmaceutical ingredients, novel formulations, and sustainable agriculture inputs.

 

AgraTech International, Inc., is recognised as a biotech enterprise that specialises in the production of chitosan, a speciality chemical sourced from crustacean waste.

 

Golden-Shell Pharmaceutical Co., Ltd., founded in 1994 and originally known as Golden-Shell Biochemical, is now recognised as the largest manufacturer of chitin and its derivatives in China.

 

Innovations in the extraction and processing of chitosan are significantly enhancing its quality, functionality, and applicability across industries, positively influencing the chitosan market. The market players are focusing on these innovations to meet the rising demand for chitosan and to capitalise on its versatile properties. Innovative extraction techniques are now being developed to minimise the use of harmful chemicals and reduce environmental impact. These methods aim to improve the purity and yield of chitosan while preserving its functional properties.

 

As per the chitosan market analysis, the demand for chitosan in North America is significant and is expected to continue to grow in the coming years. North America, particularly the United States, has a highly advanced healthcare and pharmaceutical sector and the demand for chitosan in drug delivery systems, wound healing products, and tissue engineering is substantial due to its biocompatibility and biodegradability. With growing environmental concerns and stricter regulations on water quality, there is an increased demand for effective and eco-friendly water treatment solutions. Chitosan is used in water treatment facilities for its ability to bind with contaminants and heavy metals, promoting their removal.

 

The chitosan market in the Asia Pacific region is also robust and has been witnessing continued expansion, driven by regional dynamics, economic growth, and product’s diverse industrial applications. The Asia Pacific is a major producer of seafood, and consequently, it has an abundant supply of chitin, the raw material for chitosan that is primarily derived from the shells of crustaceans like shrimp and crabs. This abundant supply facilitates the production of chitosan and supports a robust market.

 

Countries like Japan, China, and India are rapidly growing in the pharmaceutical and biomedical sectors and chitosan's biocompatibility and biodegradability make it highly valuable for drug delivery systems, wound dressings, and tissue engineering, driving its demand in these applications.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment-

  • Application
  • Region
Breakup by Application
  • Water Treatment
  • Pharmaceutical and Biomedical
  • Cosmetics
  • Food and Beverages
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Iran
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • G.T.C. Bio Corporation
  • Panvo Organics Pvt. Ltd.
  • AgraTech International, Inc.
  • Golden-shell Pharmaceutical Co., Ltd.
  • Heppe Medical Chitosan GmbH
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    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

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 11.97 billion.

The market is estimated to grow at a CAGR of 20.9% between 2024 and 2032.

The major drivers of the industry such as rising awareness about the uses, abundant raw material availability, and the rising demand from the end-use industries, especially pharmaceutical industry.

The key trends aiding the market include expanding applications in the food and beverage sector, growing demand for sustainable agriculture practices, innovations in drug delivery systems, and technological advancements in the production of chitosan.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Water treatment, pharmaceutical and biomedical, cosmetics, food and beverages, and others are the major application sectors of the product in the industry.

The major players in the market are G.T.C. Bio Corporation, Panvo Organics Pvt. Ltd., AgraTech International, Inc., Golden-shell Pharmaceutical Co., Ltd., and Heppe Medical Chitosan GmbH, among others.

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