Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021

Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021

Published: 19-Oct-2016 | Published By: Market Research Store

Zion Market Research has published a new report titled “Chitosan Market for Water Treatment, Biomedicine & Pharmaceutics, Industrial, Food & Beverages, Cosmetics, Agrochemical and Other Applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021.” According to the report, global chitosan market was valued at over USD 1.84 billion in 2015 and is expected to reach USD 4.74 billion in 2021, growing at a CAGR of slightly above 17.1% between 2016 and 2021.

The organic carbohydrate polymer obtains from chitin is known as chitosan. It is a linear polysaccharide from by spread β-linked D-glucosamine and N-acetyl-D-glucosamine. Chitosan is a sugar that is extracted from the outermost skeleton of shellfish, or crab, lobster and shrimp. It is a fibrous substance that might block absorption of dietary fat and cholesterol. Chitosan has a wide number of uses in commercial and possible biomedical field. The main application area of chitosan is in water treatment, pharmaceutics, food and beverages, cosmetics, agrochemical etc. It has many other uses such as agricultural and horticultural use, natural biocontrol and elicitor etc.

Browse the full "Global Chitosan Market for Water Treatment, Biomedicine & Pharmaceutics, Industrial, Food & Beverages, Cosmetics, Agrochemical and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2021" report at http://www.marketresearchstore.com/report/chitosan-market-z82339

The chitosan market is expected to grow steadily during the forecast period owing to the rising demand of chitosan in water treatment and the cosmetics manufacturing. Chitosan is used as an alternative to petroleum by-products such as plastics used in food packing, which is not recyclable. It is mainly preferred for food packaging as it is produced from the shells of prawns and different scavengers. It is biodegradable and also possesses antimicrobial properties. Increasing use of chitosan in fuel cells also helps in the development of the global chitosan market.

Global Chitosan Market Revenue

Key application markets for chitosan include water treatment, biomedicine & pharmaceutics, industrial, food & beverages, cosmetics, agrochemical and other applications. Water treatment was the largest application market for chitosan in 2014, which accounted for more than 30% of global consumption in 2015. Increased usage of chitosan in the manufacturing of cosmetics and rising demand of different cosmetic products are growing in developed and developing nations which are a major driving factor for chitosan market. Additionally, increasing applications of chitosan as an agricultural chemical, bio fungicide, and the preservative coating is expected to have a positive impact on the market.

Chitosan market was dominated by Asia Pacific and it accounted for over 55% shares of the global market share in 2015. Asia Pacific is followed by North America and Europe. Japan and China are the major producers of chitosan in the Asia Pacific region. Demand for chitosan in developing economies in Asia is likely to increase in the next few years. However, environmental concerns associated with the manufacturing of chitosan commercially and high production cost is expected to curtail the growth of this industry.

The market for chitosan is highly competitive due to the presence of several small and large scale players in the industry. Key players operating in this market includes GTC Bio Corporation, KitoZyme S.A., Biothera, Golden-Shell Pharmaceutical Co., Ltd., FMC Health and Nutrition, Panvo Organics Pvt., Ltd., Heppe Medical Chitosan GmbH, Primex ehf, PT Biotech Surindo, and Xianju Tengwang Chitosan Factory.

This report segments the global chitosan market as follows:

Global Chitosan Market: Application Segment Analysis

  • Water treatment
  • Biomedicine & pharmaceutics
  • Industrial
  • Food & beverages
  • Cosmetics
  • Agrochemical
  • Others (Including fuel cells, photographic products, etc.)

Global Chitosan Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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