Press release
Chitosan Market Report Offers Key Futuristic Top Trends And Competitive Landscape By 2027
Allied Market Research recently published a report titled "Chitosan Market by Source (Shrimp, Squid, Crab, Krill, and Others) and Application (Water Treatment, Biomedical & Pharmaceutical, Cosmetics, Food & Beverage, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to this report, the global chitosan market, which was valued at $1.7 billion in 2019, is projected to reach $4.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 14.5% from 2020 to 2027.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1737
Market Drivers and Restraints
Drivers:
Increased Use in Hemostatic Dressings: The use of chitosan in hemostatic dressings has surged, owing to its effectiveness in controlling bleeding.
Demand for Bio-based Cosmetics: There is a growing consumer preference for bio-based cosmetic products, boosting the chitosan market.
Restraints:
High Production Costs: The production of chitosan remains expensive, which hampers market growth.
Opportunities:
Rising Adoption as Bio-Plastic: The growing adoption of chitosan in the production of bio-plastics presents significant growth opportunities for market players.
Market: Impact Analysis
Market Segmentation
By Source:
- Shrimp: Dominated the market in 2019 with over 75% share. High demand for shrimp chitosan in water treatment and the food and beverage industry drives this segment.
- Crabs: Expected to grow at the highest CAGR of 19.8% during the forecast period, driven by increasing utilization of crab waste in soil biodiversity enhancement.
By Application:
Water Treatment: Held over one-third of the market share in 2019 and is expected to continue leading with the highest CAGR of 15.9%. Chitosan's biodegradable properties and effectiveness in removing toxic materials support its usage in this segment.
Regional Insights
Asia-Pacific: Dominated the market in 2019, accounting for nearly 60% of the global share, and is expected to grow at the highest CAGR of 15.3% until 2027. This growth is attributed to the easy availability of crustacean waste in coastal areas.
North America: Follows Asia-Pacific in market share and is a significant contributor to the global chitosan market.
Key Market Players
- Heppe Medical Chitosan GmbH
- Advanced Biopolymers AS
- Primex ehf, G.T.C.
- Bio Corporation
- Novamatrix
- Kitozyme S.A.
- Golden-Shell Pharmaceutical Co. Ltd.
- Agratech International, Inc.
- Panvo Organics Private Ltd
- Qingdao Yunzhou Biochemistry Co. Ltd.
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/chitosan-market
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/1737
Market Drivers and Restraints
Drivers:
Increased Use in Hemostatic Dressings: The use of chitosan in hemostatic dressings has surged, owing to its effectiveness in controlling bleeding.
Demand for Bio-based Cosmetics: There is a growing consumer preference for bio-based cosmetic products, boosting the chitosan market.
Restraints:
High Production Costs: The production of chitosan remains expensive, which hampers market growth.
Opportunities:
Rising Adoption as Bio-Plastic: The growing adoption of chitosan in the production of bio-plastics presents significant growth opportunities for market players.
Market: Impact Analysis
Market Segmentation
By Source:
- Shrimp: Dominated the market in 2019 with over 75% share. High demand for shrimp chitosan in water treatment and the food and beverage industry drives this segment.
- Crabs: Expected to grow at the highest CAGR of 19.8% during the forecast period, driven by increasing utilization of crab waste in soil biodiversity enhancement.
By Application:
Water Treatment: Held over one-third of the market share in 2019 and is expected to continue leading with the highest CAGR of 15.9%. Chitosan's biodegradable properties and effectiveness in removing toxic materials support its usage in this segment.
Regional Insights
Asia-Pacific: Dominated the market in 2019, accounting for nearly 60% of the global share, and is expected to grow at the highest CAGR of 15.3% until 2027. This growth is attributed to the easy availability of crustacean waste in coastal areas.
North America: Follows Asia-Pacific in market share and is a significant contributor to the global chitosan market.
Key Market Players
- Heppe Medical Chitosan GmbH
- Advanced Biopolymers AS
- Primex ehf, G.T.C.
- Bio Corporation
- Novamatrix
- Kitozyme S.A.
- Golden-Shell Pharmaceutical Co. Ltd.
- Agratech International, Inc.
- Panvo Organics Private Ltd
- Qingdao Yunzhou Biochemistry Co. Ltd.
𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/chitosan-market
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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