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Chitosan Market Future On Recent Innovation 2026 Key Players | Advanced Biopolymers AS, meron, Heppe Medical Chitosan GmbH, Kitozyme, LLC, Kraeber & Co. GmbH
Chitosan Market
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Market Analysis: Global Chitosan Market
Global chitosan market is expected to register a healthy CAGR of 14.8% in the forecast period of 2019-2026. The rise in the market value can be attributed to the growing awareness about health globally, unique properties of chitosan and availability of abundant raw material. The report contains data of the base year 2018 and historic year 2017.
Key Market Competitors:
Few of the major competitors currently working in the chitosan market are Panvo Organics Pvt Ltd, Qingdao Yunzhou Biochemistry co., ltd., , Advanced Biopolymers AS, meron, Heppe Medical Chitosan GmbH, Kitozyme, LLC, Kraeber & Co. GmbH, Foodchem International Corporation, FMC Corporation, Golden-Shell Pharmaceutical, Primex EHF, Nano3Bio, KOYO CHEMICAL CO.,LTD., Dainichiseika Color & Chemicals Mfg. Co., Ltd., Biothera Pharmaceuticals among others.
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Market Definition: Global Chitosan Market
Chitosan is a kind of carbohydrate that is bonded with number of sugar molecules. It contains chitin and chitosan, which are two naturally abundant and renewable polymers that shows varied properties like non-toxicity, adsorption, nature-friendly and biodegradability. The compound is used for various applications particularly in the industries like agrochemicals, water treatment and cosmetics.
Segmentation: Global Chitosan Market
Chitosan Market : By Source
Shrimp
Crab
Squid
Krill
Chitosan Market : By Grade
Industrial
Food
Pharmaceutical
Chitosan Market : By Application
Water Treatment
Pharmaceutical & biomedical
Cosmetics
Food & beverage
Industrial
Agrochemical
Others
Chitosan Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Chitosan Market Drivers:
The availability of abundant raw materials acts as a market driver
Ongoing R&D activities to find the novel applications of chitosan is another factor boosting the market growth
Prevailing applications of chitosan from the end user industry will uplift the market growth in the forecast period
Rising awareness among the people regarding the uses of chitosan will boost the market growth
Chitosan Market Restraints:
High production cost of chitosan will hamper the market growth
Chitosan can offer some product inconsistency due to seasonal and chemical modification will also impede the market growth
Regulations and compliances regarding the usage of bio-based materials will also restrict the growth of the market
Key Developments in the Market:
In March 2019, DRDO, the Indian Defence Research and Development Organisation, have developed 'combat drugs' in order to reduce causalities caused in the warfare. Among all the other combat drugs that they have invented, Chitosan gel helps to prevent blood loss by creating a film over the wound, thus stopping the bleeding
In February 2019, Axio Biosolutions Pvt Ltd, a Bangalore based company, launched a next generation wound care dressing, which is made of chitosan. The product will provide faster healing to the patients who are suffering from cavity wounds, venous leg ulcers, diabetic foot ulcers and others. With this new launch, the company gained a huge name in the market
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