Press release
Global Chitosan Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities
Chitosan
What Is the Projected Growth of the Chitosan Market?
The chitosan market's size has seen a swift expansion in recent years. Its worth that stood at $8.65 billion in 2024 would surge up to $10.37 billion in 2025, showing a compound annual growth rate (CAGR) of 19.9%. The surge in the market in the past can be credited to an array of factors. These include the waste from seafood processing, uses in biomedical field, augmented utilization in the agricultural sector, and the food and beverage, paper and pulp and metal ion chelation industries.
The chitosan market is predicted to experience a remarkable increase in size over the next few years. By 2029, its value is projected to reach $22.99 billion, growing at a compound annual growth rate (CAGR) of 22.0%. This growth during the forecast period is primarily driven by various factors such as bioplastics innovations, nutraceuticals and dietary supplements, ecological concerns, agricultural biostimulants, functional food components, and regulatory support. Key trends anticipated during the forecast period encompass water filtration technologies, modifications and derivatives of chitosan, the use of chitosan nanoparticles in drug delivery, chitosan's application in biomedical scaffolds, and its role in tissue engineering.
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What Are the Different Chitosan Market 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
Subsegments:
1) By Pharmaceutical Grade: Drug Delivery Systems, Wound Healing Applications
2) By Industrial Grade: Water Treatment, Agriculture And Crop Protection
3) By Food Grade: Food Preservation, Nutraceutical Applications
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What Are the Primary Drivers Shaping the Chitosan Market?
The global surge in the demand for wastewater treatment is projected to fuel the expansion of the chitosan market. Wastewater treatment is a procedure that eliminates substances from wastewater before it gets to natural aquifers or bodies like oceans, lakes, and rivers. As it aids in the adsorption of heavy metals or metalloid, the elimination of dyes from industrial wastewater, and the eradication of other organic pollutants like organic oxidants, oil contaminants, and organochloride pesticides, chitosan is extensively utilized in wastewater treatment. For instance, the UK-based Environment Agency reported a 54% increase in sewage spills in March 2024, escalating from 301,091 incidents in 2022 to 464,056 in 2023. Consequently, the rising demand for wastewater treatment worldwide is propelling the growth of the chitosan market.
Which Companies Are Leading in the Chitosan Market?
Major companies operating in the chitosan market include Advanced Biopolymers AS, FMC Corporation, Kyowa Hakko Bio Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., IFF NovaMatrix, 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, 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.
What Trends Are Expected to Dominate the Chitosan Market in the Next 5 Years?
The chitosan market is seeing major businesses focus on the launch of innovative solutions like chitosan injections to gain a competitive advantage. This type of product uses chitosan, a naturally found polymer, as its primary ingredient. In an example from September 2023, the Belgium-based biotech firm, KiOmed Pharma, introduced KiOmedinevsOne. KiOmedinevsOne is a unique chitosan injection produced from non-animal sources and is a one-dose intraarticular injection purposed for relieving symptoms of knee osteoarthritis. The formulation differs from hyaluronic acid and regular chitosan and can alleviate knee pain for more than six months. This exclusive, patented technology has reported a response rate reaching up to 76%.
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What Are the Top Revenue-Generating Geographies in the Chitosan Market?
Asia-Pacific was the largest region in the chitosan market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the chitosan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Chitosan Market?
2. What is the CAGR expected in the Chitosan Market?
3. What Are the Key Innovations Transforming the Chitosan Industry?
4. Which Region Is Leading the Chitosan Market?
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