Global Chitosan Market By Source Overview
Chitosan Market was valued at US$ 15.8 Billion in 2024 and is projected to grow at a CAGR of 16.90% to reach US$ 65.5 Billion by 2034.
Chitosan is a derivative of chitin, which is extracted from the exoskeletons of crustaceans such as crabs, shrimp, and lobster. It is a versatile biopolymer known for its various applications across different industries, including agriculture, healthcare, water treatment, and food processing. The chitosan market has witnessed growth due to its unique properties, such as biocompatibility, biodegradability, and antimicrobial activity.
Dividing this target market into segments:
Chitosan Market is segmented based on Type, Application and Region.
Source Insight
On the basis of Source, the target market is segmented into Shell Wastes from Shrimp, Crab, Squid, and Krill.
Application Insight
On the basis of Application, the target market is segmented into Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals and Others (Agrochemicals and Fabric).
For More Report Details, Download Free Sample PDF
Global Chitosan Market By Source Drivers & Restraints
|
Drivers |
Restrains |
|
Growing Demand in Water Treatment |
Limited Raw Material Sources |
|
Increasing Use in Agriculture |
Extraction and Purity Challenges |
|
Rising Biomedical Applications |
Competing Alternatives |
|
Emergence in Food and Beverages |
|
Global Chitosan Market By Source Segmentations & Regional Insights
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding.
o Diverse Applications
o Research and Innovation
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.
o Major Production Hub
o Expanding Agricultural Sector
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Source - Shell Wastes from Shrimp, Crab, Squid, and Krill By Application - Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals and Others (Agrochemicals and Fabric) |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Global Chitosan Market By Source Competitive Landscape & Key Players
The key players operating the Chitosan Market includes, GTC Bio Corporation, Panvo Organics Pvt., Ltd., KitoZyme S.A., Xianju Tengwang Chitosan Factory, FMC Health and Nutrition, Golden-Shell Pharmaceutical Co., PT Biotech Surindo, Heppe Medical Chitosan GmbH., Qingdao Yunzhou Biochemistry Co. and Agratech International, Inc.
Global Chitosan Market By Source Recent News
Recent Development:
The New Launched Product News,
- In August 2023, Chitosan biochemistry leader Tidal Vision acquired strategic customer Clear Water Services. Tidal Vision will be able to apply its Tidal Clear chitosan-based solutions in a greater range of applications to assist address some of the most pressing issues facing humanity with water pollution by utilizing Clear Water Services' mobile and modular water treatment devices.
FAQs
Startups can benefit from Market research by gaining insights into their target audience, understanding market trends, identifying competitors, and validating their business ideas.
Market research addresses data privacy by securing participants' informed consent, hiding data, and abiding by applicable data protection laws.
Market research can be conducted through various methods, including surveys, interviews, focus groups, observations, and data analysis.