Chitosan Market Trends, Growth Statistics And Forecast To 2024-2033

The chitosan market size has grown exponentially in recent years. It will grow from $7.24 billion in 2023 to $8.7 billion in 2024 at a compound annual growth rate (CAGR) of 20.2%. The growth in the historic period can be attributed to seafood processing waste, biomedical applications, increased use in agricultural sector, food and beverage industry, paper and pulp industry, metal ion chelation.

The chitosan market size is expected to see exponential growth in the next few years. It will grow to $18.61 billion in 2028 at a compound annual growth rate (CAGR) of 20.9%. The growth in the forecast period can be attributed to bioplastics development, nutraceuticals and dietary supplements, environmental concerns, agricultural biostimulants, functional food ingredients, regulatory support. Major trends in the forecast period include water filtration technologies, chitosan derivatives and modifications, chitosan nanoparticles in drug delivery, chitosan in biomedical scaffolds, chitosan in tissue engineering.

Market Overview -
Chitosan is obtained from the outer skeleton of crustaceans and the cell walls of certain fungi. Chitosan can be used as a medicine and for manufacturing certain drugs. It is used for high blood pressure, wound healing, obesity, high cholesterol, and various other purposes. Due to its biodegradable nature, chitosan is also used for the development of antimicrobial films for food packaging.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=5859&type=smp

Global Surge In Wastewater Treatment Needs Fuels Expansion Of The Chitosan Market
The increase in requirements for wastewater treatment across the globe is expected to propel the growth of the chitosan market. Wastewater treatment has been defined as the process of removing impurities from wastewater before it reaches natural bodies or aquifers such as oceans, lakes, and rivers. Chitosan is widely used for wastewater treatment as it helps in heavy metal or metalloid adsorption, the removal of dyes from industrial wastewater, and the removal of other organic pollutants such as organic oxidants, oil impurities, and organochloride pesticides. For instance, in 2021, according to a study conducted by the Utrecht University, a Netherlands-based public research university, and the United Nations University, a Japan-based research and study university, the wastewater produced globally each year stands at 359 billion cubic meters, of which approximately 48 percent of that water is released untreated into the environment. Therefore, the growth in requirements for wastewater treatment across the globe is driving the chitosan market growth.

Competitive Landscape -
Major companies operating in the chitosan market report are Advanced Biopolymers AS, FMC Corporation, Kyowa Hakko Bio Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., IFF NovaMatrix, Marshall Marine Products, Protandim, Golden-Shell Pharmaceutical Co. Ltd., KIMICA Corporation, Xianju Tengwang Chitosan Factory, Marine Biopolymer Technologies Inc. (MBT), Bio-Gate AG, Axio Biosolutions, Heppe Medical Chitosan GmbH, Amano Enzyme Inc., Panvo Organics Pvt Ltd, Agratech International Inc., Qingdao Yunzhou Biochemistry Co. Ltd., Meron Biopolymers, NovaTech Nutrition, G.T.C. Bio Corporation, Kitozyme S.A., Kraeber & Co. GmbH, Qingdao BZG Bio-Tech Co. Ltd., PT Biotech Surindo, Biophrame Technologies, Primex BioProducts, Chitofrance, Yishan Marine Biological Products Co. Ltd., Qingdao Haihui Marine Bioengineering Co. Ltd.

Kiomed Pharma Kiomedinevsone Sets A New Standard In Chitosan-Based Therapeutics For Knee Osteoarthritis
Major companies operating in the chitosan market are focused on introducing advanced solutions, such as chitosan injection, to gain a competitive edge in the market. Chitosan injection is a type of medication delivery system that uses chitosan, a naturally occurring polymer, as its main component. For instance, in September 2023, KiOmed Pharma, a Belgium-based biotechnology company, launched KiOmedinevsOne. KiOmedinevsOne is a non-animal-sourced chitosan injection and a single-shot intraarticular injection designed for the symptomatic treatment of knee osteoarthritis. It has a unique structure that differs from hyaluronic acid and natural chitosan. It reduces knee pain for more than six months. It is a patented technology with a response rate of up to 76%.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/chitosan-global-market-report

Key Segments -
The chitosan market covered in this report is segmented -
1) By Grade: Pharmaceutical Grade, Industrial Grade, Food Grade
2) By Source: Shrimp, Squid, Crab, Krill, Other Sources
3) By Application: Water Treatment, Food and Beverages, Cosmetics, Medical and Pharmaceuticals, Agrochemicals, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.