Chitosan Market Size, Demand, Top Companies, Growth and Research Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Chitosan Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chitosan market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the chitosan market?

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.

What is chitosan?

Chitosan is a type of deacetylated chitin, with several medicinal benefits, that is obtained from the outer skeleton of shellfish or crustaceans, such as lobster, crab, shellfish, mushrooms, yeast, and shrimp. It is extensively used to treat obesity, Crohn’s disease, kidney failure, anemia, insomnia, and high cholesterol. Currently, chitosan is witnessing significant demand across the pharmaceutical, agriculture, and food and beverage (F&B) industries.

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What are the growth prospects and trends in the chitosan industry?

The widespread use of chitosan across the biomedical and food and beverage (F&B) industries and the rapid expansion of the pharmaceutical industry are key factors driving the market growth. Chitosan is also witnessing significant demand in wastewater treatment across the globe, which is providing a boost to the market growth. In addition to this, the rising use of chitosan for the manufacturing of dietary supplements and personal care and cosmetic products, along with extensive research and development (R&D) activities are creating a positive outlook for the market.

Chitosan Market 2023-2028 Competitive Analysis and Segmentation:

Who are the key players operating in the industry?

The report covers the major market players including:

Chitosan Key Companies:

  • Primex EHF
  • Heppe Medical Chitosan
  • Advanced Biopolymers AS
  • Meron Biopolymers
  • Kitozyme
  • Golden-Shell Biochemical
  • FMC Corporation
  • Agratech
  • Axio Biosolutions
  • Marshall Marine Products

Market Segmentation:

The report has segmented the chitosan market on the basis of grade, source, application and region.

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:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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