Chitosan

Chitosan Market Size is Estimated to be US$ 29 Bn by 2030 Chitosan Market (By Source: Shrimps, Prawns, Crabs, Others; By Application: Water treatment, Cosmetics, Pharmaceutical and Biomedical, Food and Beverage, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 - 2030

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As per the experts, the chitosan market is predicted to record a growth rate of 25% from 2021-2030 and is projected to reach US$ 29 billion by 2030.

The study provides the overall revenue of the global chitosan market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

Chitosan is a sugar derived from the tough outer skeletons of shellfish such as crab, lobster, and shrimp. It is utilized in medicine. Chitosan is used to treat hypertension, high cholesterol, obesity, wound healing, and other ailments, however there is no scientific proof to back up many of its claims. Chitosan is used in pharmaceutical manufacture as filler in tablets, to improve the way certain medications dissolve, and to conceal bitter flavors.

The global chitosan market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the chitosan industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Crucial factors accountable for market growth are:

  • The increasing demand of Chitosan in the end user industries
  • Rising water treatment activities at the global level
  • Significant progress in the healthcare/medical industry in industrialized countries
  • Rising obesity and overweight rates in the region, as well as increased public health awareness

Report Highlights

  • Based on the sources, the Chitosan market is dominated by shrimp followed by crab. Shrimp is considered the primary source of chitosan because it contains approximately 25% to 40% chitin, whereas crab shell contains approximately 15% to 20%.
  • The waste water segment is the most prominent segment in the market which contributed largest share in the Chitosan market. Nations have enacted stringent regulations prohibiting the pollution of naturally occurring water bodies and the illegal discharge of wastewater which will create a positive impact on the Chitosan market.

Report Scope of the Chitosan Market

Report Coverage Details
Market Size in 2021 USD 7 billion
Growth Rate from 2021 to 2030 CAGR of 25%
Fastest Growing Market North America
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Source, Application, Geography
Companies Mentioned Vietnam Food, Primex EHF, Heppe Medical Chitosan GmbH, KitoZyme S.A., Agratech, Advanced Biopolymers AS (Norway), BIO21 Co., Ltd., G.T.C. Bio Corporation

Regional Snapshots

The Asia Pacific held the largest share in the Chitosan market. One of the primary elements boosting chitosan demand is the easy availability of its raw material, derived as a waste product from the fishing sector. Vietnam is the Southeast Asian country making inroads in the shrimp industry, increasing its farmed shrimp exports by 8% in 2020 to USD 3.3 billion, aided by an increase in vannamei prawn sales due to increased retail demand during the pandemic. India, the world’s largest shrimp exporter, had a tough year in 2020, with the COVID-19 pandemic significantly affecting production and export performance. Last year, the South Asian country produced between 650,000 and 700,000 metric tons of shrimp, falling from 780,000 to 800,000 MT in 2019. Production in India’s shrimp-farming states of Odisha, West Bengal, Andhra Pradesh, and Gujarat all declined in 2020, according to data from the Society of Aquaculture Professionals (SAP).

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global chitosan market are as follows:

  • Primex EHF
  • Heppe Medical Chitosan GmbH
  • Vietnam Food
  • KitoZyme S.A.
  • Agratech
  • Advanced Biopolymers AS (Norway)
  • BIO21 Co., Ltd.
  • G.T.C. Bio Corporation
  • Taizhou City Fengrun Biochemical Co., Ltd.
  • Zhejiang Golden-Shell Pharmaceutical Co., Ltd.
  • Biophrame Technologies
  • Heppe Medical Chitosan GmbH
  • Meron Biopolymer
  • Qingdao Yunzhou Biochemistry Co.
  • Golden-Shell Pharmaceutical Co. Ltd
  • FMC Corp.

Segments Covered in the Report

By Source

  • Shrimps
  • Prawns
  • Crabs
  • Other Sources

By Application

  • Water treatment
  • Cosmetics
  • Pharmaceutical and Biomedical
  • Food and Beverage
  • Other Applications

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the chitosan market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global chitosan market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for chitosan are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Chitosan Market 

5.1. COVID-19 Landscape: Chitosan Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Chitosan Market, By Source

8.1. Chitosan Market, by Source Type, 2021-2030

8.1.1. Shrimps

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Prawns

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Crabs

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Other Sources

8.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Chitosan Market, By Application

9.1. Chitosan Market, by Application, 2021-2030

9.1.1. Water treatment

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Cosmetics

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Pharmaceutical and Biomedical

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Food and Beverage

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Others

9.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Chitosan Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Source (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Source (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Source (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Source (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Source (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Source (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Source (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Source (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Source (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Source (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Source (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

Chapter 11. Company Profiles

11.1. Primex EHF

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Heppe Medical Chitosan GmbH

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Vietnam Food

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. KitoZyme S.A.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Agratech

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Advanced Biopolymers AS (Norway)

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. BIO21 Co., Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. G.T.C. Bio Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Taizhou City Fengrun Biochemical Co., Ltd.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Zhejiang Golden-Shell Pharmaceutical Co., Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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