Chitosan Market Recovering After Difficult Year
Chitosan is a chitin derivative extracted from shells of aquatic species such as crabs, shrimps, and lobsters. Chitosan is commonly used in cosmetic and pharmaceutical formulations due to its light consistency and wide range of therapeutic applications. Market Dynamics Increasing demand for chitosan from various end-use industries, such as agrochemicals, food and beverages, pharmaceutical, cosmetic, and water treatment, due to its biocompatible, bioactive, non-toxic, and biodegradable properties is expected to propel the growth of the chitosan market. For instance, according to the National Center for Biotechnology Information (NCBI), as an additive in water filtration, chitosan eliminates up to 99% of turbidity. The increasing prevalence of overweight and obesity worldwide and rising health awareness among people is expected to offer lucrative growth opportunities to players in the chitosan market. Moreover, the growing use of chitosan from the agriculture industry and increasing production of fish, shrimp, and other aquatic species are expected to drive the chitosan market growth. Read more @ https://www.coherentmarketinsights.com/market-insight/chitosan-market-4127
Chitosan is a chitin derivative extracted from shells of aquatic species such as crabs, shrimps, and lobsters. Chitosan is commonly used in cosmetic and pharmaceutical formulations due to its light consistency and wide range of therapeutic applications.
Market Dynamics
Increasing demand for chitosan from various end-use industries, such as agrochemicals, food and beverages, pharmaceutical, cosmetic, and water treatment, due to its biocompatible, bioactive, non-toxic, and biodegradable properties is expected to propel the growth of the chitosan market. For instance, according to the National Center for Biotechnology Information (NCBI), as an additive in water filtration, chitosan eliminates up to 99% of turbidity.
The increasing prevalence of overweight and obesity worldwide and rising health awareness among people is expected to offer lucrative growth opportunities to players in the chitosan market. Moreover, the growing use of chitosan from the agriculture industry and increasing production of fish, shrimp, and other aquatic species are expected to drive the chitosan market growth.
Read more @
https://www.coherentmarketinsights.com/market-insight/chitosan-market-4127
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
CHITOSAN<br />
MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 3,573.1 MN<br />
CAGR (2020 - 2027)<br />
17.7%<br />
© Coherent <strong>Market</strong> Insights. All Rights Reserved
Segmentation (Scope)<br />
By Application<br />
Water Treatment<br />
Biomedicine & Pharmaceuticals<br />
Industrial<br />
Food & Beverage<br />
Cosmetics<br />
Agrochemicals<br />
Others<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Major Drivers<br />
<br />
Increasing demand for<br />
chitosan from dental<br />
applications is<br />
augmenting the market<br />
growth.<br />
<br />
The growing demand for<br />
chitosan in the water<br />
treatment industry is<br />
primarily fueling the<br />
market growth of the<br />
chitosan market.<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Asia Pacific<br />
Major Driver<br />
Easy availability of<br />
crustacean waste in<br />
coastal areas in the<br />
Asia Pacific region<br />
drives the overall<br />
growth of the market.<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Major Players<br />
GTC Bio Corporation<br />
Panvo Organics Pvt., Ltd.<br />
KitoZyme S.A.<br />
Heppe Medical <strong>Chitosan</strong><br />
GmbH<br />
Biothera<br />
Primex ehf<br />
Golden-Shell Pharmaceuticals<br />
Co., Ltd.<br />
FMC Health and Nutrition<br />
PT Biotech Surindo<br />
Xianju Tengwang <strong>Chitosan</strong><br />
Factory<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Global <strong>Chitosan</strong> <strong>Market</strong> Share (%) in terms of<br />
Value, By application, in 2019<br />
Water Treatment<br />
?<br />
Biomedicine &…<br />
40.8%<br />
Industrial<br />
?<br />
Food & beverage<br />
?<br />
Cosmetics<br />
?<br />
Agrochemical ?<br />
Others ?<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Global <strong>Chitosan</strong> <strong>Market</strong>-<br />
Opportunity Analysis<br />
Increasing production of<br />
fish, shrimp and other<br />
aquatic species in the Asia<br />
Pacific region<br />
Opportunity<br />
Analysis<br />
The growing use of chitosan<br />
from the agriculture<br />
industry is projected to<br />
offer new market<br />
opportunities<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Change language