Global Chitosan Market Outlook 2017-2022

The global chitosan market is projected to rise at a higher CAGR of 15% by 2022. Chitosan is known as deacetylated chitin and is a natural polycationic linear polysaccharide resulting from partial deacetylation of chitin. It is the structural component in the exoskeleton of crabs, insects, and cells of fungi. Apart, chitosan is also noted as antimicrobial, antitumor and an antioxidant as biological properties. Commercially, it is widely used for biomedical and biological application known for its unique properties. Mainly for water treatment and wound-healing materials or even as a pharmaceutical element, chitosan scores high.

The drivers for chitosan market include rise in demand for wastewater treatment, rise in extraction activities pertaining to oil and heavy minerals. Consumer inclination towards natural ingredients for cosmetics as a safer alternative is likely to contribute to the market developments in the near future. Rise in consumers’ awareness is likely to supplement the market and propel the marginal profit in the estimated timeframe. However, significant pricing and higher cost of manufacturing is likely to create hindrances for the market development. Ample production of hazardous waste due to manufacturing process is likely to hinder the market growth for the forecast period. 

Geographical segmentation for chitosan market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific market is anticipated to rise at a higher CAGR due to presence of leading manufacturers in the region. Rise in meat consumption and spending capacity of consumers is adding to the growth scenario in the regional market. 

North American and European market is expected to grow at a significant rate owing to robust infrastructure for industrialization and rise in demand for clean water. The market gains a positive traction due to manufacturing advances and rise in industrialization. The key players in the chitosan market include KitoZyme S.A., Panvo Organics Ltd, GTC Bio Corporation, Xianju Tengwang Chitosan, Golden-Shell Pharmaceutical Co, PT Biotech Surindo and FMC Health.

The global market for chitosan (CAS 9012-76-4) will grow at a CAGR of 15% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (agrochemicals, cosmetics, food & beverage, industrial, pharmaceutics, water treatment, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the chitosan market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the chitosan market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the chitosan market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global chitosan market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the agrochemicals, cosmetics, food & beverage, industrial, pharmaceutics, water treatment, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global chitosan market.

Key Applications
- Agrochemicals
- Cosmetics
- Food & Beverage
- Industrial
- Pharmaceutics
- Water Treatment

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Advanced Biopolymers
- AgraTech
- Aoxing Group
- Biophrame Technologies
- Chitosanlab
- Daicolor
- FMC Corporation
- Heppe Medical Chitosan
- Jiangsu Shuanglin
- Jinan Haidebei
- KitoZyme
- Koyo Chemical
- Kraeber
- Meron Biopolymers
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global chitosan market?
- What are the challenges to market growth?
- Who are the key players in the chitosan market?
- What are the market opportunities and threats faced by the key players?