Chitosan Market to Reach $2,550 Million, By Growing at a CAGR of 10.7% from 2017 to 2023 with Top Players are Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), G.T.C. Bio Corporation (China).

Global Chitosan Market stood at $1,205 million in 2015 and is expected to reach $2,550 million by 2022, registering a CAGR of 10.7%. Asia-Pacific held two-thirds share in the global chitosan market in 2015 and is expected to maintain its lead during the forecast period.

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.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/1737

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.

Get a purchase enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/1737

Based on geography, the chitosan market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific accounted for about two-thirds of the total chitosan market, both in terms of revenue and volume. The major factor responsible for the growth of chitosan market in the Asia-Pacific region is presence of large number of chitosan players in the region, specifically in China, Japan, South Korea, Thailand, and India. In addition, increasing adoption of bio-based herbal hair care and skin care products is also driving the Asia-Pacific chitosan market.

Major company profile Are:

• Advanced Biopolymers AS (Norway)
• Heppe Medical Chitosan GmbH (Germany)
• G.T.C. Bio Corporation (China)
• Primex ehf (Iceland)
• Kitozyme S.A. (Belgium)
• Novamatrix (Norway)
• Agratech International, Inc. (U.S.)
• Golden-Shell Pharmaceutical Co. Ltd. (China)
• Qingdao Yunzhou Biochemistry Co. Ltd. (China)
• Panvo Organics Pvt Ltd. (India).

Access Full report @ https://www.alliedmarketresearch.com/chitosan-market

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.

Key Finding of the Chitosan Market:

• Asia-Pacific is expected to continue to lead the global chitosan market, registering a CAGR of 12.8%, in terms of revenue, during 2016-2022.
• Shrimp occupied more than 80% of the total chitosan market volume in 2015.
• The biomedical & pharmaceutical segment is expected to grow at a high CAGR of 13.4% during the forecast period, in terms of revenue.
• LAMEA is projected to be the fastest growing region of global chitosan market, growing at a CAGR of 14.4%, in terms of volume, throughout 2016 - 2022.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

This release was published on openPR.