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Chitosan Market worth $4.07 billion by 2030, growing at a CAGR of 12.80% - Exclusive Report by 360iResearch
Chitosan Market | 360iResearch
The Global Chitosan Market to grow from USD 1.75 billion in 2023 to USD 4.07 billion by 2030, at a CAGR of 12.80%.
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Chitosan is a naturally occurring polysaccharide obtained from the chitin found in the exoskeletons of crustaceans such as shrimp, crabs, and lobsters. Chitosan is created by treating chitin with an alkaline substance, usually sodium hydroxide, followed by a process of deacetylation, which removes acetyl groups from the chitin molecule. The increasing awareness of chitosan's properties, such as its biocompatibility, biodegradability, and antimicrobial activity, has led to a rise in demand for chitosan in diverse industries such as pharmaceuticals, food & beverages, cosmetics, agriculture, and water treatment. There is an extensive demand for biodegradable materials, including chitosan, with an increasing focus on environmentally friendly alternatives. Production of chitosan involves extracting and processing chitin from crustacean shells, which are costly and labor-intensive, subsequently hampering the adoption of chitosan. Expanding research & development activities to develop value-added chitosan products and formulations by modifying their properties or combining them with other materials is expected to contribute to the chitosan market growth.
The chitosan market is well-established in the Americas owing to the demand from pharmaceuticals, cosmetics, food & beverages, and water treatment sectors. Countries, including Germany, France, and the UK, have a strong presence in the pharmaceutical and cosmetics industries, which drives the demand for chitosan-based products in EMEA. Additionally, countries such as China, Japan, and South Korea are leading producers and consumers of chitosan, which provides a ready supply of chitosan raw materials, benefiting the market growth in Asia-Pacific. The adoption of sustainable agricultural practices in the APAC presents substantial opportunities for chitosan in crop protection and biostimulant applications. Regional regulations, industrial development, consumer preferences, and availability of raw materials influence the growth and adoption of chitosan in the Americas, Asia-Pacific, and EMEA.
Market Segmentation & Coverage:
This research report categorizes the Chitosan Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Food Grade, Industrial Grade, Pharmaceutical Grade, and Research Grade. The Industrial Grade commanded largest market share of 41.12% in 2023, followed by Food Grade.
Based on Source, market is studied across Crab, Krill, Shrimp, and Squid. The Shrimp commanded largest market share of 37.77% in 2023, followed by Squid.
Based on Packaging Material, market is studied across Glass, Metal, and Paper & Plastic. The Paper & Plastic commanded largest market share of 66.76% in 2023, followed by Glass.
Based on Application, market is studied across Agrochemicals, Cosmetics & Personal Care, Food & Beverages, Medical & Pharmaceuticals, and Water Treatment. The Medical & Pharmaceuticals commanded largest market share of 27.38% in 2023, followed by Water Treatment.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 42.91% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Chitosan Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Chitosan Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Chitosan Market, highlighting leading vendors and their innovative profiles. These include ADVANCED BIOPOLYMERS AS, AgraTech International, Inc., BIO21 COMPANY LIMITED, Biosynth Ltd., CD Bioparticles, ChitogenX Inc., ChitoLytic, Dainichiseika Color & Chemicals Mfg. Co., Ltd., Enargia Technologies, Fengchen Group Co.,Ltd., Glentham Life Sciences Ltd, Golden-Shell Pharmaceutical Co., Ltd., Heppe Medical Chitosan GmbH, ISF Chitin & Marine Products LLP, Iterro, Inc., Kitozyme, LLC, Koyo Chemical Co.,Ltd., Kunpoong Bio Co., Ltd., Matexcel, Merck KGaA, Meron Group, Neithal Biotech Private Limited, Norwegian Chitosan AS, Otto Chemie Pvt. Ltd., Panvo Organics Pvt. Ltd., Polysciences, Inc., Primex EHF, Qingdao Yuda Century Economy And Trade Co.,Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Refine Chemical Co.,Ltd., Siveele B.V., Tidal Vision Products Inc., Vietnam Food JSC, and Yixing Cleanwater Chemicals Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Chitosan Market, by Product
7. Chitosan Market, by Source
8. Chitosan Market, by Packaging Material
9. Chitosan Market, by Application
10. Americas Chitosan Market
11. Asia-Pacific Chitosan Market
12. Europe, Middle East & Africa Chitosan Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Chitosan Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Chitosan Market?
3. What is the competitive strategic window for opportunities in the Chitosan Market?
4. What are the technology trends and regulatory frameworks in the Chitosan Market?
5. What is the market share of the leading vendors in the Chitosan Market?
6. What modes and strategic moves are considered suitable for entering the Chitosan Market?
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