Global Chitosan Market is estimated to grow at a CAGR of 15% in the forecast period due to the rising application of chitosan in water treatment, medical and cosmetic industry. Chitosan is a natural polycationic linear polysaccharide made from partial deacetylation of chitin. Chitin is a large, structural polysaccharide derived from the chains of refined glucose. Both chitosan and chitin possess outstanding properties like bio-compatibility, non-toxicity, biodegradability, hydration, moisturization, and absorption. It is today extensively researched as a potential drug carrier because of its biocompatibility property. Chitosan is also suggested to cover nanoparticles made from other materials to reduce their effect on body and increase bioavailability.
Property of chitosan as a chelating polymer for water treatment is expected to be a major driver of chitosan market. Hence, increasing demand for chitosan in water treatment and nutraceutical applications is propelling the growth of market. Easy availability of raw materials, increasing application in cosmetic segment and growing demand for pharmaceutical industry are also boosting the market. However, significant cost required for the production of chitosan and adulteration during the manufacturing process is hampering the growth of market. Furthermore, rising application of chitosan as bioplastic is expected to introduce new market opportunities in the coming years. The solubility of chitosan is low in alkaline and neutral solution limiting its application that challenges the market growth.
Full Research Report On Global Chitosan Market Analysis available at: https://www.millioninsights.com/industry-reports/chitosan-market
The market is categorized on the basis of source, application, and geography. On the basis of source, market is divided into crab, shrimp, squid, and krill. Shrimp, followed by crab is expected to lead market owing to extensive use for the production of chitosan.
In terms of application, market is split into biomedical & pharmaceuticals, food & beverages, water treatment and cosmetics Water treatment is projected to lead the market due to increased application of chitosan for water treatment due to its properties like bio sorbent, which allows it to get rid of pollutants from the water.
Geographically, market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Asia Pacific is predicted to dominate chitosan market due to the large number of prominent players in the region. This is followed by North America owing to the escalating demand for cosmetics and application of chitosan in several pharmaceutical and biomedical items.
The prominent players of chitosan market include KitoZyme, Advanced Biopolymers, Golden-Shell Biochemical, G.T.C. Bio Corporation, FMC Corporation, Primex, Axio Biosolutions, Heppe Medical Chitosan, Agra Tech, Nitta Gelatin India, Kunpoong Bio, TAGROW, Marshall Marine Products, Meron, Panvo Organics, TCI Chemicals, and SRL.
Request for Free Sample Copy at: https://www.millioninsights.com/industry-reports/chitosan-market/request-sample
Market Segment:
Key Applications
• Agrochemicals
• Cosmetics
• Food & Beverage
• Industrial
• Pharmaceutics
• Water Treatment
Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Vendors
• Advanced Biopolymers
• AgraTech
• Aoxing Group
• Biophrame Technologies
• Chitosanlab
• Daicolor
• FMC Corporation
• Heppe Medical Chitosan
• Jiangsu Shuanglin
• Jinan Haidebei
• KitoZyme
• Koyo Chemical
• Kraeber
• Meron Biopolymers
• request free sample to get a complete list of companies
Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global chitosan market?
• What are the challenges to market growth?
• Who are the key players in the chitosan market?
• What are the market opportunities and threats faced by the key players?
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/chemicals
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
For More Information: www.millioninsights.com
Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: www.millioninsights.com/industry-reports/chitosan-market