Chitosan Market Size Worth USD 1,664.6 Million by 2026 With CAGR of 13.6 % | Heppe Medical Chitosan GmbH, Kitozyme, etc

Easy availability of raw materials, the increasing awareness about cardiovascular health and unique properties of the polymer have resulted in boosting the Chitosan market. The global chitosan market is forecast to reach USD 1,664.6 Million by 2026, according to a new report by Reports and Data. In recent years, various natural, as well as synthetic polymers, have been examined for biotechnological agricultural, pharmaceutical and medical applications. Among these polymers, chitosan is a linear homo-polymer of N-acetyl glucosamine units and glucosamine linked by ? (1-4) glycosidic linkage. It is the deacetylated product of natural chitin that is the second most abundant polysaccharide in nature.

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Due to unique characteristics, such as biocompatibility, non-toxicity, and biodegradability, it is globally used as an antifungal, antibacterial, and adhesive agent. Such diverse applications of the polymer is one of the primary reasons for the continuous growth of the market. It has several possible biomedical and commercial uses. It is applicable in agriculture as a seed treatment and biopesticide, in which, it helps in treating fungal infections. In paints & coating industry, it can be applied in a self-healing polyurethane paint coating.

Companies considered and profiled in this market study
Heppe Medical Chitosan GmbH, Kitozyme S.A., Primex EHF, Vietnam Food, Advanced Biopolymers A S, G.T.C. Bio Corporation, Bio21 Co., Ltd., Zhejiang Golden-Shell Pharmaceutical Co., Ltd., Taizhou City Fengrun Biochemical Co., Ltd. and Agratech.
The companies have emphasized on various strategies like partnerships, new product launches, mergers, and acquisitions, for penetrating in the untapped market.

For the purpose of this report, Reports and Data have segmented the global Chitosan market according to Grade, Source, Application, and Region:
Grade Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Pharmaceutical Grade
Industrial Grade
Food Grade

Source type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Shrimps
Crabs
Prawns
Lobsters
White mushroom
Others

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Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Food & Beverages
Water Treatment
Medical & Pharmaceuticals
Cosmetics
Agrochemicals
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Further key findings from the report suggest
1. The Chitosan market held a market share of USD 598.1 Million in the year 2018. It is projected to witness a growth rate of 13.6% during the forecast period.
2. In regards to Grade, the Industrial Grade segment generated the highest revenue of USD 287.1 Million in 2018, with a growth rate of 13.4% during the forecast period. The inexpensiveness of industrial-grade chitosan, its traits like non-toxicity, and biocompatibility results in its extensive application, like in agrochemicals, and industrial wastewater treatment, which contributes to the revenue generated by this segment.
3. In regards to Source, the Shrimps segment yielded the highest revenue of USD 227.3 Million in 2018, with a growth rate of 13.9% during the forecast period. The revenue generated by the Shrimps segment is attributed to the continuous expansion of fishing activities, the resultant large amounts of shrimp processing waste and the presence of value-added properties in the residues, which has resulted in its wide application in extraction of the polymer.
4. In context to Application, the Water Treatment segment occupies the largest market share of 35.0% in 2018, with a CAGR of 13.8% during the forecast period. The extensive application of the polymer in water treatment is resultant of its active biosorbent ability that results in efficacious elimination of pollutants from wastewater.
5. In regards to region, Europe holds the third-largest market share of 20.0% in 2018, with a growth rate of 13.7% during the forecast period. Factors like the continuous rise in obesity rate, rising occurrence rate of cardiovascular diseases, and growing geriatric population are spurring the growth of the market in this region.

Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles: - https://www.reportsanddata.com/report-detail/chitosan-market

The report emphasizes the following key questions
Q.1. What are the most lucrative and promising growth prospects for the market?
Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement?
Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes?
Q.4. Which factors are impacting the future of the market and what are the driving factors?
Q.5. What are the hurdles and challenges curtailing the industry's growth in the forecast period?

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