Chitosan Market Growth, Share, Forecasts, 2024 | GTC Bio, Panvo Organics, KitoZyme, FMC Health, Primex, Austanz Chitin

The latest research report, Global Market Insights, Inc., has projected chitosan market to provide US$5.1 billion market size opportunity by 2024. On the other hand, the MEA region for chitosan market is poised to witness a massive growth rate of 19.5 per cent over 2018-2024 perhaps attributing to the expanding initiatives by the regional governments towards the water treatment technologies. Backed by this, the UAE government has undertaken an oath to bring about the awareness towards cleanliness and maintenance of healthy environment across the region. MEA chitosan market trends are also witnessing fluctuating gains due to the burgeoning food and beverage industry to suffice the huge population base.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/760

The worldwide chitosan industry is highly consolidated and faces fierce competition from myriad animal feed manufacturers who are keenly looking forward to acquiring the sea animals like the shrimps, prawns and crabs to feed poultry. However, this is promoting the increased demands for shrimp cells and high purchasing costs which is likely to obstruct the growth dynamics of chitosan market.

Segmented as per the source type, chitosan market size from prawns segment may register a CAGR of 19 per cent through 2024. Prawns being small aquatic creatures are expansively used in the development of chitin through a multistep process including washing, bending, deproteination, to further produce the end product. Prawn sourced chitosan finds large scale applications in wastewater treatment, food and beverage, agrochemical, healthcare, and other sectors.

In fact, chitosan from prawn source is used across the personal care industry to produce skin care products along with various dental care products. Moreover, a paradigm shift towards organic and non-toxic ingredients in personal care products and cosmetics has added an impetus to the global product demand.

Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/chitosan-market

Meanwhile, chitosan market from the agrochemical industry is likely to stand tall in the upcoming years. For the records, agrochemical industry in 2017 accounted for nearly 20 per cent for the global business share. This growth can be aptly credited to the high end product usage for augmenting the seed sustainability, increasing the profitability, and reducing the decomposition of the fruits and vegetables.

Chitosan also finds its use as a fertilizer in the controlled agrochemical release on the grounds of improving the plant productivity. With an intent to accomplishing high profits, numerous research initiatives have been undertaken over the years in the BRIC nations. This is estimated to leverage positive growth prospects for chitosan market across the agrochemical industry.

Browse More News:

https://www.globenewswire.com/news-release/2020/04/15/2016912/0/en/Antimicrobial-Coatings-Market-is-slated-to-surpass-6-3-billion-by-2026-Says-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/10/09/1927158/0/en/FT-Wax-Market-to-reach-USD-1-2-Billion-mark-by-2025-Global-Market-Insights-Inc.html

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.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

This release was published on openPR.