Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global chitosan market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.3% during 2023-2028.

Chitosan is a naturally occurring deacetylated chitin which is extracted from the hard outer-skeleton or shells of shrimps, crabs and lobsters, along with mushrooms and yeasts. It is primarily used as an ingredient in medicines for treating various conditions, such as kidney failure, obesity, anemia, high cholesterol levels, hyperphosphatemia, insomnia and Crohn's disease. In the pharmaceutical manufacturing sector, chitosan is utilized in the development of edible films; as a filler in tablets; a carrier in controlled-release drugs and to improve the dissolvability of certain medicinal salts. Having antibacterial and antifungal properties, chitosan is extensively used as a natural antimicrobial agent in the cosmetics, agricultural and food industries.

The growing pharmaceutical industry, along with the increasing requirement for wastewater treatment across the globe represent the key factors driving the growth of the market. In the pharmaceutical industry, chitosan being a biomaterial with antibacterial and antimicrobial properties is gaining demand in the production of biomedical and tissue regeneration devices, hemodialysis membranes, and implant coatings for drug delivery systems. Furthermore, its demand is also increasing in the water treatment plants for eliminating impurities present in the industrial, municipal, and commercial waste, including heavy minerals, phosphorous and oils. It is also used as a flocculating, coagulating, and chelating agent, which is further acting as a major growth-inducing factor. Additionally, owing to its non-toxic nature, chitosan is increasingly being adopted as a food additive and dietary supplement. Other factors contributing to the market growth include various government policies aimed to improve the quality of surface, ground and drinking water, coupled with the enhanced research and development (R&D) to develop chitosan from non-aquatic sources.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global chitosan market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on grade, source and application.

Breakup by Grade:

Industrial Grade

Food Grade

Pharmaceutical Grade

Breakup by Source:

Shrimp

Crab

Squid

Krill

Others

Breakup by Application:

Water Treatment

Food & Beverages

Cosmetics

Medical & Pharmaceuticals

Agrochemicals

Others

Breakup by Region:

Asia Pacific

Europe

North America

Middle East and Africa

Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Primex EHF, Heppe Medical Chitosan GmbH, Meron Group, KitoZyme SA, Golden-Shell Pharmaceutical Co. Ltd., FMC Corporation, Agra Tech, Inc., Axio Biosolutions Pvt Ltd and Marshall Marine Products.

Key Questions Answered in This Report

1. What was the size of the global chitosan market in 2022?
2. What is the expected growth rate of the global chitosan market during 2023-2028?
3. What has been the impact of COVID-19 on the global chitosan market?
4. What are the key factors driving the global chitosan market?
5. What is the breakup of the global chitosan market based on the grade?
6. What is the breakup of the global chitosan market based on the source?
7. What is the breakup of the global chitosan market based on the application?
8. What are the key regions in the global chitosan market?

Product Code: SR112023A1645

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Chitosan Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Grade
5.5 Market Breakup by Source
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast

6 SWOT Analysis

6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats

7 Value Chain Analysis

8 Porter's Five Forces Analysis

8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes

9 Market Breakup by Grade

9.1 Industrial Grade
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
9.2 Food Grade
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
9.3 Pharmaceutical Grade
- 9.3.1 Market Trends
- 9.3.2 Market Forecast

10 Market Breakup by Source

10.1 Shrimp
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
10.2 Crab
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
10.3 Squid
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
10.4 Krill
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
10.5 Others
- 10.5.1 Market Trends
- 10.5.2 Market Forecast

11 Market Breakup by Application

11.1 Water Treatment
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
11.2 Food & Beverages
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
11.3 Cosmetics
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
11.4 Medical & Pharmaceuticals
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
11.5 Agrochemicals
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
11.6 Others
- 11.6.1 Market Trends
- 11.6.2 Market Forecast

12 Market Breakup by Region

12.1 Asia Pacific
- 12.1.1 Market Trends
- 12.1.2 Market Forecast
12.2 Europe
- 12.2.1 Market Trends
- 12.2.2 Market Forecast
12.3 North America
- 12.3.1 Market Trends
- 12.3.2 Market Forecast
12.4 Middle East and Africa
- 12.4.1 Market Trends
- 12.4.2 Market Forecast
12.5 Latin America
- 12.5.1 Market Trends
- 12.5.2 Market Forecast

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 Primex EHF
- 14.3.2 Heppe Medical Chitosan GmbH
- 14.3.3 Meron Group
- 14.3.4 KitoZyme SA
- 14.3.5 Golden-Shell Pharmaceutical Co. Ltd.
- 14.3.6 FMC Corporation
- 14.3.7 Agra Tech, Inc.
- 14.3.8 Axio Biosolutions Pvt Ltd.
- 14.3.9 Marshall Marine Products