Press release
Chitosan Market New Research Study with Recent Trends and Growth Analysis by Leading Kay Players - Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc
Data Bridge Market Research
The Global Chitosan Market is expected to reach USD 9.3 billion by 2025, from USD 6.2 billion in 2017 growing at a CAGR of 5.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Chitosan is a type of carbohydrate with number of sugar molecules bonded closely. It consists of chitosan and chitin, which are two renewable and naturally abundant polymers having properties such as biodegradability, nature-friendly, adsorption and non-toxicity. This compound has numerous applications in the industry such as cosmetics, water treatment and agrochemicals. Chitosan is extracted from the outer shell of crustaceans for example shrimps, lobsters, crabs and others. The growth in global chitosan market is due to the rise in demand for the products used for treatment of contaminated water.
The pure grades of the product are not easily available in the market hence the manufacturers and distributors enjoy high margins on the product. The Japanese manufacturers are likely to face a strong competition from the emerging players from other countries such as China, India, and the U.S. owing to rapid growth and product penetration in the end-use industries including food & beverage, cosmetics, personal care, and agrochemical.
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Some of the major players operating in the global chitosan market are – Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical Chitosan GmbH, KitoZyme S.A, Kraeber & Co. GmbH, Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd., Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., KYTOSAN LLC, PT Biotech Surindo, BioPhrame Technologies, Biothera among others.
The global chitosan market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of chitosan market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers & Restraints:
- Growing water treatment applications globally
- High growth of cosmetics with organic ingredients
- High cost of production
- Abundant availability of raw materials
- Lack of purity
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