Press release
Chitosan Market Size, Industry Share, Future Trends, Competitive Analysis and Segments Poised For Strong Growth in Future 2020-2027
"Allied Market Research recently released a report on the chitosan market, revealing some interesting trends. According to their findings, the global chitosan market, valued at $1.7 billion in 2019, is projected to reach $4.7 billion by 2027, with a robust CAGR of 14.5% from 2020 to 2027.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/1737
The key drivers for this growth include the increased use of chitofelx in hemostatic dressing and a rising demand for bio-based cosmetic products. However, the high production costs associated with chitosan production pose a challenge to market expansion. Despite this, the adoption of chitosan as a bio-plastic presents promising opportunities for industry players.
The Covid-19 pandemic impacted the chitosan market by slowing down production due to restrictions and disrupting the supply chain, leading to raw material shortages. On a positive note, recent studies indicate the antiviral effectiveness of HTCC (N- (2-hydroxypropyl) -3-trimethylammonium chitosan chloride) against SARS-CoV-2 and MERS-CoV, potentially increasing the demand for chitosan.
In terms of sources, the shrimp segment dominated in 2019, contributing over three-fourths of the global market share. It is expected to maintain its leading position, driven by high demand in water treatment and the food and beverage industry. Meanwhile, the crabs segment is anticipated to exhibit the highest CAGR of 19.8% during the forecast period, fueled by the growing use of crab waste in plantation for soil biodiversity.
The water treatment segment leads in applications, holding over one-third of the global chitosan market share in 2019. Its biodegradable nature and effectiveness in removing toxic materials contribute to its dominance, with an expected CAGR of 15.9% from 2020 to 2027.
Geographically, Asia-Pacific, followed by North America, dominated the market in 2019, accounting for nearly three-fifths of the global share. Asia-Pacific is projected to maintain its lead with the highest CAGR of 15.3% from 2020 to 2027, thanks to the easy availability of crustacean waste in coastal areas.
Key market players include 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, and 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
Web: www.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.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/1737
The key drivers for this growth include the increased use of chitofelx in hemostatic dressing and a rising demand for bio-based cosmetic products. However, the high production costs associated with chitosan production pose a challenge to market expansion. Despite this, the adoption of chitosan as a bio-plastic presents promising opportunities for industry players.
The Covid-19 pandemic impacted the chitosan market by slowing down production due to restrictions and disrupting the supply chain, leading to raw material shortages. On a positive note, recent studies indicate the antiviral effectiveness of HTCC (N- (2-hydroxypropyl) -3-trimethylammonium chitosan chloride) against SARS-CoV-2 and MERS-CoV, potentially increasing the demand for chitosan.
In terms of sources, the shrimp segment dominated in 2019, contributing over three-fourths of the global market share. It is expected to maintain its leading position, driven by high demand in water treatment and the food and beverage industry. Meanwhile, the crabs segment is anticipated to exhibit the highest CAGR of 19.8% during the forecast period, fueled by the growing use of crab waste in plantation for soil biodiversity.
The water treatment segment leads in applications, holding over one-third of the global chitosan market share in 2019. Its biodegradable nature and effectiveness in removing toxic materials contribute to its dominance, with an expected CAGR of 15.9% from 2020 to 2027.
Geographically, Asia-Pacific, followed by North America, dominated the market in 2019, accounting for nearly three-fifths of the global share. Asia-Pacific is projected to maintain its lead with the highest CAGR of 15.3% from 2020 to 2027, thanks to the easy availability of crustacean waste in coastal areas.
Key market players include 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, and 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
Web: www.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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