Press release
Chitosan Market Report Offers Key Futuristic Top Trends And Competitive Landscape By 2027
Chitosan Market Report
ππ¨π°π§π₯π¨ππ πππ¦π©π₯π πππ ππ¬ π¨π πππ¬πππ«ππ‘ ππ―ππ«π―π’ππ°: https://www.alliedmarketresearch.com/request-sample/1737
Market Drivers and Restraints
Drivers:
Increased Use in Hemostatic Dressings: The use of chitosan in hemostatic dressings has surged, owing to its effectiveness in controlling bleeding.
Demand for Bio-based Cosmetics: There is a growing consumer preference for bio-based cosmetic products, boosting the chitosan market.
Restraints:
High Production Costs: The production of chitosan remains expensive, which hampers market growth.
Opportunities:
Rising Adoption as Bio-Plastic: The growing adoption of chitosan in the production of bio-plastics presents significant growth opportunities for market players.
Market: Impact Analysis
Market Segmentation
By Source:
- Shrimp: Dominated the market in 2019 with over 75% share. High demand for shrimp chitosan in water treatment and the food and beverage industry drives this segment.
- Crabs: Expected to grow at the highest CAGR of 19.8% during the forecast period, driven by increasing utilization of crab waste in soil biodiversity enhancement.
By Application:
Water Treatment: Held over one-third of the market share in 2019 and is expected to continue leading with the highest CAGR of 15.9%. Chitosan's biodegradable properties and effectiveness in removing toxic materials support its usage in this segment.
Regional Insights
Asia-Pacific: Dominated the market in 2019, accounting for nearly 60% of the global share, and is expected to grow at the highest CAGR of 15.3% until 2027. This growth is attributed to the easy availability of crustacean waste in coastal areas.
North America: Follows Asia-Pacific in market share and is a significant contributor to the global chitosan market.
Key Market Players
- Heppe Medical Chitosan GmbH
- Advanced Biopolymers AS
- Primex ehf, G.T.C.
- Bio Corporation
- Novamatrix
- Kitozyme S.A.
- Golden-Shell Pharmaceutical Co. Ltd.
- Agratech International, Inc.
- Panvo Organics Private Ltd
- Qingdao Yunzhou Biochemistry Co. Ltd.
πππππ’π§ πππ©π¨π«π πππππ’π₯π¬: https://www.alliedmarketresearch.com/chitosan-market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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