Chitosan Market by Application (Water Treatment, Pharmaceutical & Biomedical, Cosmetics, Food, Beverage, and Others) and by Source (Shrimp, Squid, Crab, Prawn, Krill and Others) Global Opportunity Analysis and Industry Forecast, 2022 – 2030

Chitosan Market

Industry:  Life Sciences & Healthcare | Publish Date: Dec 2022 | No of Pages:  N/A | No. Tables:  N/A | No. Figures:  N/A

Market Definition:

The Chitosan Market size was valued at USD 2.2 billion in 2021 and is expected to reach USD 9.75 billion by 2030 with a CAGR of 18% from 2022-2030.

Chitosan is a polysaccharide derivative of chitin that is found in the outer hard skeleton of shellfish such as crab, shrimp and lobster. Chitosan restricts lipid absorption in gastrointestinal tract to inhibit nutrient uptake. These chemicals are used in the production of dietary supplements by lowering blood or liver cholesterol and triglyceride by combining with lipids. It is commercially produced through deacetylation of chitin. It can also be achieved through chemical and biological method and is bio degradable in nature. Chitosan is added as ingredients in medicines to cure diseases such as Crohn’s disease, cirrhosis and hypercholesterolemia.

Market Dynamics and Trends

The demand for chitosan is increasing due to its bioactivity, biodegradability, biocompatibility, non-toxicity, fiber grade-properties, and adsorption. It is used in a wide range of applications such as water treatment as coagulants and flocculants. Also, increasing demand for chitosan in food & beverages industry due to higher production of dietary supplements and nutraceuticals further boost the market growth.

In addition, growing demand for chitosan in biomedical activities for treating infections in orthopaedic, neurological, gynaecological and cardiovascular surgeries drive the growth of the chitosan market. Moreover, the increasing use of chitosan in waste water treatment by removal of COD (organic matter) further drive the growth of the market during the forecast period.

However, increase in the prices of chitosan and regulatory framework are the factors restraining the market growth during the forecast period. On the contrary, increased application from end user industries such as food and beverage industries along with acceptance of chitosan as a bioplastic are expected to create ample growth opportunities for the market in the coming years.

Market Segmentations and Scope of the Study:

The global chitosan market share is analyzed on the basis of application, source and geography. On the basis of application, the market is classified into the water treatment, pharmaceutical & biomedical, cosmetics, food & beverage, and others. On the basis of source, the market is categorized into shrimp, squid, crab, prawn, krill and others. The regional analysis of chitosan market comprises of North America, Europe, Asia Pacific, and Rest of the World.

Geographical Analysis

Europe holds the predominant share in chitosan market and is expected to continue its dominance during the forecast period. This is attributed to factors such as increasing use of chitosan in agricultural and textile industries. The rapid development in agricultural industry in Europe is increasing the demand for chitosan-based nanoparticles (CNPs) to be used as pesticides, herbicides and insecticides.

Moreover, Chitosan is also used as a potential source of food preservative or coating material. In the agriculture industry, the food grade chitosan is widely used in the form of coatings for seed, leaf and fruit. In the textile industry, the antibacterial chitosan is used in dyeing process during manufacturing of clothes. Also, its application in tissue engineering boosts the market growth in this region. 

Moreover, Asia Pacific region is expected to show a steady rise in the chitosan market due to easy availability of crustacean waste in coastal areas. Crustaceans are produced and consumed in China, Japan, and Thailand in large quantities, which makes crustacean shell waste readily available in this region. In addition, higher demand for chitosan in cosmetic and pharmaceutical industries are expected to drive the growth of chitosan market in this region.

Competitive Landscape

The chitosan market comprising of various market players such as Panvo Organics Pvt Ltd, GTC Bio Corporation, Dupont Corporation, KitoZyme SA, KIMICA Corporation, Dainichiseika Colour & Chemicals Mfg Co. Ltd, Bioavanta-Bosti, Meron Biopolymers, Qingdao Yunzhou, and Biophrame Technologies. These market players are adopting various joint venture strategies and planning expansion of business across various regions to maintain their dominance in the chitosan market.

For instance, in April 2022, Tidal Vision, U.S. based manufacturer of chitosan, acquired ViaeX Technologies Inc. to accelerate further advancements in chitosan biomolecular solutions. Also, in September 2021, KitoZyme SA, a manufacturer of fungi-derived biopolymer, health and agriculture products, launched its vegan chitosan to expand its product portfolio. Moreover, in March 2020, Bioavanta-Bosti launched Novochizol which utilizes nanotechnology to treat lung diseases of covid infected patients. Novochizol technology transforms single linear chitosan molecules into cross-linked and uniformly sized nanospheres.

KEY BENEFITS

  • The chitosan market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the chitosan market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the chitosan market is provided in the report.

  • The competitive analysis of the market players along with their market share in the chitosan market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS

By Application

  • Water Treatment

  • Pharmaceutical & Biomedical

  • Cosmetics

  • Food & Beverage

  • Others

By Source

  • Shrimp

  • Squid

  • Crab

  • Prawn

  • Krill

  • Others

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Application (Water Treatment, Pharmaceutical & Biomedical, Cosmetics, Food, Beverage, and Others) and by Source (Shrimp, Squid, Crab, Prawn, Krill and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Switzerland, Russia, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa)

Companies Profiled

Panvo Organics Pvt Ltd, GTC Bio Corporation, Dupont Corporation, KitoZyme SA, KIMICA Corporation, Dainichiseika Colour & Chemicals Mfg Co. Ltd, Bioavanta-Bosti, Meron Biopolymers, Qingdao Yunzhou, and Biophrame Technologies.

column chart pie chart

KEY BENEFITS

  • The chitosan market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

  • The study comprises a deep dive analysis of the chitosan market trend including the current and future trends for depicting the prevalent investment pockets in the market.

  • The information related to key drivers, restraints and opportunities and their impact on the chitosan market is provided in the report.

  • The competitive analysis of the market players along with their market share in the chitosan market

  • The SWOT analysis and Porters Five Forces model is elaborated in the study.

  • Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS

By Application

  • Water Treatment

  • Pharmaceutical & Biomedical

  • Cosmetics

  • Food & Beverage

  • Others

By Source

  • Shrimp

  • Squid

  • Crab

  • Prawn

  • Krill

  • Others

By Geography

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • RoW

    • UAE

    • Saudi Arabia

    • South Africa

    • Brazil

    • Remaining Countries

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Analysis Period

2021–2030

Base Year Considered

2021

Forecast Period

2022–2030

Market Size Estimation

Billion (USD)

Market Segmentation

By Application (Water Treatment, Pharmaceutical & Biomedical, Cosmetics, Food, Beverage, and Others) and by Source (Shrimp, Squid, Crab, Prawn, Krill and Others)

Geographical Segmentation

North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Switzerland, Russia, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (Latin America, Middle East, Africa)

Companies Profiled

Panvo Organics Pvt Ltd, GTC Bio Corporation, Dupont Corporation, KitoZyme SA, KIMICA Corporation, Dainichiseika Colour & Chemicals Mfg Co. Ltd, Bioavanta-Bosti, Meron Biopolymers, Qingdao Yunzhou, and Biophrame Technologies.

KEY PLAYERS

  • Panvo Organics Pvt Ltd 
  • GTC Bio Corporation
  • Dupont Corporation
  • KitoZyme SA
  • KIMICA Corporation 
  • Dainichiseika Color & Chemicals Mfg Co. Ltd
  • Bioavanta-Bosti
  • Meron Biopolymers
  • Qingdao Yunzhou
  • Biophrame Technologies.

Frequently Asked Questions
What will be the worth of global Chitosan market by the end of 2030?

According to the report published by Next Move Strategy Consulting, the Chitosan market business is expected to hit at $9.75 billion (USD) by 2030.

Which region is expected to hold the highest market share in the Chitosan Market?

Europe is expected to hold the highest market share in the global market. The region is expected to witness remarkable growth as it houses the major key players in the market.

Which are the top companies in the Chitosan industry?

Panvo Organics Pvt Ltd, GTC Bio Corporation, Dupont Corporation, KitoZyme SA, KIMICA Corporation, Dainichiseika Colour & Chemicals Mfg Co. Ltd, Bioavanta-Bosti, Meron Biopolymers, Qingdao Yunzhou, and Biophrame Technologies.

What are the market segmentations and scope of the study?

The global Chitosan market share analysis is based on application, source and geography.

How big is the Chitosan market?

Currently (in 2021), the market value stands at USD 2.2 billion and it is anticipated to reach USD 9.75 billion by 2030.