Press release
Chitosan Market by 2024: Top Key Players Like GTC Bio Corporation, Panvo Organics Pvt., Ltd., KitoZyme S.A., and Xianju Tengwang Chitosan Factory
Chitosan Market
Additionally, the growing consciousness of people regarding health issues will also stimulate the industry trends. As per a report by Global Market Insights, Inc., “Worldwide Chitosan Market having had a revenue collection of USD 1.52 billion in 2015, will register a CAGR of more than USD 16% over the period of 2016 to 2024.
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Chitosan is widely used in manufacturing cosmetics. Chitosan market size from cosmetic applications was worth USD 500 million in 2015 and will record considerable growth rate over the coming timeframe. The growing usage of the product in anti-aging creams, hair care serums, and other beauty products will stimulate chitosan industry noticeably.
Asia Pacific chitosan market will exhibit a CAGR of about 18% over the period of 2016 to 2024, driven by the surging requirement of clean water subject to the growing industrialization across this region. Considering the manufacturing and consumption rate of the product, Japan leads the APAC region.
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Chitosan products have high anti-microbial resistance capability, which fuel the demand for this polymer to be used in the manufacturing of wound dressing medicines. Due to wound healing capabilities, the product is also used to manufacture bandages. Subject to the aforementioned factors, chitosan market from biomedicine and pharmaceutical applications will record a CAGR of more than 17% over the coming years of 2016 to 2024.
U.S. chitosan market contributed to a substantial share of North America industry in 2015 with a revenue collection of USD 400 million. The growth can be attributed to the escalating need of the product for health problems such as obesity. Obesity is the main cause of many ailments such as diabetics, blood pressure, and cardiac diseases. Chitosan based products are mainly used to reduce weight, which will augment chitosan market share. Additionally, increased expenditure on dietary supplements will help fuel the industry share notably.
Key Point from TOC:
Chapter 6. Competitor Profiles
6.1. GTC Bio Corporation
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Product Landscape
6.1.4. Strategic Outlook
6.2. Panvo Organics Pvt., Ltd.,
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Product Landscape
6.2.4. Strategic Outlook
6.3. KitoZyme S.A.
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Product Landscape
6.4.4. Strategic Outlook
6.4. Xianju Tengwang Chitosan Factory
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Product Landscape
6.4.4. Strategic Outlook
Continue….
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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