Chitosan Industry to Achieve $22.39 Billion Growth by 2029

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How Will the Chitosan Market Grow by 2025 in Terms of Size and Growth?
There has been a fast-paced expansion in the chitosan market size over the recent past. The figures are set to increase from $8.65 billion in 2024 to $10.2 billion in 2025, indicating a compound annual growth rate (CAGR) of 17.9%. The exceptional growth during the historic period can be linked to factors such as waste from seafood processing, biomedical usage, its intensified application in the agricultural sector, and its utilization in the food and beverage industry, paper and pulp industry, alongside metal ion chelation.

What Are the Estimated Growth Rates for the Chitosan Industry Through 2029?
The size of the chitosan market is anticipated to witness a substantial increase in the coming years. It is projected to reach a worth of $22.39 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 21.7%. Factors contributing to the expansion during the forecast timeline include the advancement in bioplastics, nutraceuticals and dietary supplements, environmental consciousness, agricultural bio-stimulants, functional food ingredients, and supportive regulatory measures. The projected period is also expected to see significant trends such as water filtration technologies, modifications, and derivatives of chitosan, its use in drug delivery nanoparticles, biomedical scaffolds, and tissue engineering.

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What Are the Strategic Drivers Boosting Chitosan Market Performance?
The chitosan market is set to see significant growth due to the worldwide increase in the need for wastewater treatment. Removing pollutants from wastewater before it joins natural bodies of water like rivers, lakes, and oceans is what defines wastewater treatment. The use of chitosan is widespread in this process as it aids in adsorption of heavy metals or metalloids, removal of industrial waste dyes and other harmful organic materials such as oil contaminants, organic oxidants, and organochloride pesticides. For example, the Environment Agency, a non-departmental public body based in the UK, reported that sewage spills increased by 54% in March 2024; The reported incidents rose from 301,091 in 2022 to 464,056 in 2023. Hence, the escalating need for wastewater treatment around the world is fueling the expansion of the chitosan market.

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What Are the Segments in the Chitosan Market?
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

What Are the Key Adoption Trends in the Chitosan Market?
Leading firms in the chitosan market are striving to establish a competitive advantage by developing cutting-edge products such as chitosan injections. A chitosan injection, utilizing chitosan- a naturally found polymer as its principal ingredient, is a kind of drug administration system. To illustrate, KiOmed Pharma, a biotechnology firm based in Belgium, launched KiOmedinevsOne in September 2023. This product is a chitosan injection drawn from non-animal sources and serves as a one-time intraarticular injection for the symptomatic relief of knee osteoarthritis. Its structure, which is unique from both hyaluronic acid and naturally occurring chitosan, can alleviate knee pain for over six months. This patented technology has achieved a response rate as high as 76%.

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Which Companies Lead the Competitive Landscape of the Chitosan Industry?
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.

Where Are the Key Chitosan Market Opportunities by Region?
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.

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Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267,
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The Business Research Company - www.thebusinessresearchcompany.com
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