Chitosan Market Business Overview, Upcoming Trends, Growth, Analysis and Forecast – 2027

The Global Chitosan Market size was valued at USD 6.8 billion in 2019 and is expected to expand at a revenue-based CAGR of 24% between 2021 and 2027.

Chitosan is a polysaccharide derivative of chitin obtained from the shells of marine animals such as shrimp, lobster, and crab. Commercial chitosan is produced by deacetylating chitin extracted from crustacean shell waste. Chitosan limits lipid absorption from the gastrointestinal tract. Therefore, it is widely used in dietary supplements. It is widely used in medical applications due to its biocompatibility and biodegradability properties. The anticoagulant properties of chitosan make it suitable for hemostatic dressings for wound healing. It is also used as a bio-insecticide in agriculture to limit pathogenic effects on trees and plant growth promoters and for water treatment. It is also used in polyurethane paints and coatings, long-term bioprinting and food preservatives.

Market Segments

By Grade:

• Industrial Grade
• Food Grade
• Pharmaceutical Grade

By Application

• Water Treatment
• Food & Beverages
• Cosmetics
• Medical & Pharmaceuticals
• Agrochemicals
• Others

Key Players

Major players have adopted product launch, business expansion to sustain the intense market competition. The key players profiled in the report include Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), G.T.C. Bio Corporation (China), Primex ehf (Iceland), Kitozyme S.A. (Belgium), Novamatrix (Norway), Agratech International, Inc. (U.S.), Golden-Shell Pharmaceutical Co. Ltd. (China), Qingdao Yunzhou Biochemistry Co. Ltd. (China), and Panvo Organics Private Ltd.

Scope of the Report

The research study analyzes the global Chitosan industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

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

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

Key Questions Answered by Chitosan Market Report

1. What was the Chitosan Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Chitosan Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Chitosan Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.