Chitosan Market Research Future Insights:
The Global Chitosan Market is estimated to be worth USD 8.5 Billion by 2030, registering a 25.90% CAGR during the forecast period (2023- 2030).
Europe Chitosan Market stands as a prominent, driven by its diverse applications and growing emphasis on sustainability. Chitosan, known for its biodegradability and biocompatibility, finds extensive use in sectors such as pharmaceuticals, cosmetics, agriculture, and water treatment. In Europe, the demand for chitosan is fueled by regulatory initiatives promoting eco-friendly alternatives and the increasing adoption of bio-based materials. Countries like Germany, France, and the UK are key contributors to the region's chitosan market, leveraging its properties for applications ranging from wound healing to food preservation. The presence of established players and ongoing research activities further stimulate market growth and innovation in Europe.
Chitosan is a linear polysaccharide, and it's extracted by treating the chitin shells of shrimp and other crustaceans with an alkaline material, similar to sodium hydroxide. Chitosan is an amino polysaccharide polymer commercially manufactured from the shells of crabs, lobster, shrimp, and crayfish. It's produced through chemical or enzymatic deacetylation of chitin shells or exoskeletons of insects, crustaceans, and the cell walls of fungi with an alkaline material similar to sodium hydroxide. Each raw material for the product has specific chitosan content hence playing a major role in commercial manufacturing. Shrimp is a significant source of chitosan since it contains around 25 to 40 chitins, whereas the crab shell contains around 15 to 20.
Chitosan has several commercial and viable biomedical uses. Chitosan is extensively used in the food beverage industry, pharmaceuticals nutraceuticals, personal care products, and agriculture. Chitosan is utilized in agriculture for seed treatment and as a biopesticide, supporting plants to fight off fungal infections. In beverage industries, particularly winemaking, chitosan can be utilized as a fining agent and helps prevent spoilage. For medicinal objectives, chitosan is applied in bandages to reduce bleeding and as an antibacterial agent.
Growing product demand from the cosmetics industry and expanding the scope of product application in waste-water treatment are also expected to boost the market growth. Likewise, the elimination of strict regulations that limited the establishment of new manufacturing units by the Government of Mexico has responded to the development of new and large-scale pharmaceutical manufacturing facilities in the region.
Market Segmentations:
The global Chitosan Market is segmented into the following types;
By Source
- Shrimps
- Prawns
- Crabs
- Lobsters
- Fungi
- Others
By Application
- Food Beverages
- Pharmaceuticals Nutraceuticals
- Cosmetics Personal care
- Agriculture
- Others
Key Players:
The global Chitosan Market Companies are Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), KitoZyme S.A. (Belgium), Advanced Biopolymers AS (Norway), BIO21 Co. Ltd. (Thailand), G.T.C. Bio Corporation (China), Taizhou City Fengrun Biochemical Co. Ltd. (China), Zhejiang Golden-Shell Pharmaceutical Co. Ltd. (China), Panvo Organics Pvt. Ltd. (India), Xianju Tengwang Chitosan Factory (China).
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