Chitosan Market Japan accounted for the highest market share in Asia Pacific

Chitosan is the deacetylated form of chitin which is key element in the exoskeleton of marine animals. Commercially, it is produced from the marine crustacean shell wastes such as squid, shrimp, krill, and crab. Chitosan finds applications in a variety of end use industries such as food, chemical, agriculture, cosmetics, pharmaceuticals, and others. However, the major end use industries include water treatment, biomedical & pharmaceuticals, cosmetics, food & beverage.

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The emerging applications of chitosan coupled with abundant raw material availability are expected to drive the global chitosan market. In addition, R&D on the use of chitosan in water treatment, cosmetics, and biomedical & pharmaceuticals sector have also fueled the market.

It is obtained from bio-waste rich in chitin such as cell wall of fungi and exoskeleton of crustaceans. The major sources used for extracting chitosan are shrimp, squid, krill, and crabs. In 2015, shrimp accounted for over four-fifths of the total volume of chitosan generated globally, as shrimp shells contain the maximum percentage of chitin out of all the marine crustaceans. It can also be produced from certain fungi; however, low amount of chitin in the cell walls of fungi and the absence of an optimal procedure for its extraction on a commercial scale make fungi a less used source.

In 2015, the water treatment segment occupied more than one-third of the global chitosan market, in terms of revenue, and is expected to retain its share during the forecast period. This is due to the excellent flocculation properties of chitosan and the extensive need for water and effluent treatment in the chemical processing industries. Another major factor for the increasing use of chitosan in water treatment processes is the high purity percentage as compared to conventional water treatment methods such as sand filtration. Moreover, biomedical & pharmaceutical segment also accounted for more than one-fourth share of the chitosan market in 2015 and is expected to grow at the highest CAGR, in terms of revenue during 2016-2022.

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