Chitosan Market to Grow at 14.5% CAGR during 2017 to 2022 | Global Forecast, Trends, Opportunity and Industry Analysis

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The Chitosan Market is projected to grow from US$ 553.6 Million in 2017 to US$ 1,088.0 Million by 2022, at a CAGR of 14.5% between 2017 and 2022. Chitosan is a natural fiber, which is derived from chitin. Chitin is found in the outer shells of different types of shellfish such as shrimp, crabs, and lobsters. It is the second-most abundant polysaccharide found in cellulose. As chitosan is a rich source of fiber, it is increasingly used as a dietary supplement for weight loss. It is used to treat water by absorbing toxic substances, greases, oil, and metals from water.

“The industrial grade segment of the chitosan market is projected to grow at the highest CAGR, in terms of value during the forecast period.”
Industrial grade chitosanis the most-widely used chitosangrade. It is used as an alternative to chemicals in various applications such as water treatment, food & beverages, agrochemicals, cosmetics, and medical & pharmaceuticals. The increasing use of chitosan for water treatment, cosmetics, and medical & pharmaceuticals in the Asia Pacific region is expected to fuel the growth of the industrial grade segment of the chitosan market during the forecast period.

“The Asia Pacific chitosan market is projected to grow at the highest CAGR, in terms of value from 2017 to 2022.”
The Asia Pacific chitosan market is projected to grow at the highest CAGR, in terms of value during the forecast period. The growth of the Asia Pacific chitosan market can be attributed to the increasing inflow of wastewater from various industries and growing demand for fresh water. The China chitosan market isprojected to grow at the highest CAGR, in terms of value during the forecast period, followed by Vietnam and India.

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 50%, Tier 2 – 37%, and Tier 3 – 13%
• By Designation - Director Level – 31%, C level – 23%, and Others* – 46%
• By Region - North America – 15%, Europe – 35%,AsiaPacific– 44%, and Rest of the World (RoW) - 6%

Study Objectives:

• To forecast the size of the chitosan market, in terms of volume and value, with respect to four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW)

• To define, describe, and forecast the size of the chitosan market based on grade, application, and region

• To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the chitosan market

• To analyze opportunities in the chitosan market for the stakeholders and provide a detailed competitive landscape of the market

• To strategically profile the key players operating in the chitosan market and comprehensively analyze their core competencies

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Top Key Players in the “Chitosan Market” include are Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), Vietnam Food (Vietnam), KitoZyme S.A. (Belgium), Agratech (US), Advanced Biopolymers AS (Norway), BIO21 Co., Ltd. (Thailand), G.T.C. Bio Corporation (China), Taizhou City Fengrun Biochemical Co., Ltd. (China), and Zhejiang Golden-Shell Pharmaceutical Co., Ltd. (China).

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