Chitin and Chitin Derivatives Market – Industry Trends and Forecast to 2028

The global Chitin and Chitin Derivatives Market is expected to grow at a CAGR of 14% during the forecast period. Rise in demand for chitin and chitin derivatives by the waste and wastewater treatment industry in developed and developing economies is the root cause fuelling up the market growth rate. Rising application areas for chitin and chitin derivatives such as in the agrochemicals and growth and expansion of various end user industries especially in the developing economies will also directly and positively impact the growth rate of the market.

Rising demand and need for chitin in the biomedical and biopharmaceutical applications, rising prevalence of tuberculosis and obesity, rising biological extraction of chitin from marine shell wastes, growing focus on the technological advancements and modernization in the production techniques will further carve the way for the growth of the market.

Chitin and Chitin Derivatives Market Segmentation

By Derivative Type

• Glucosamine
  • Chitosan 

 By End-Use

• Food and Beverages
  • Agrochemical
  • Healthcare
  • Cosmetics and Toiletries
  • Waste and Water Treatment
  • Others

Companies

• Advanced Biopolymers AS
• T.C. Bio Corporation
• Heppe Medical Chitosan GmbH
• Kitozyme
• Kunpoong Bio Co., Ltd.
• Kytosan® USA, LLC
• Meron Biopolymers
• Primex Ehf
• Zhejiang Candorly Pharmaceutical Co., Ltd.
• Zhejiang Shinfuda Marine Biotechnology Corporation

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Recent Developments 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

Geographic Coverage  

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume