About Chitin, Chitosan and Derivatives
Chitin and chitosan are natural polymers found in the exoskeletons of insects, crustaceans, and cell walls of fungi. Chitin is a polysaccharide composed of N-acetylglucosamine units linked together by β-1,4 glycosidic bonds. It is the second most abundant polysaccharide in nature, after cellulose. Chitosan is derived from chitin by removing some of the acetyl groups through a process called deacetylation. This process makes chitosan more soluble in water and acidic solutions. The Chitin, Chitosan, and Derivatives market is expected to continue growing steadily in the coming years, driven by the increasing demand for natural products, diverse applications, and growing environmental awareness.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Chitin, Chitosan and Derivatives market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Biopolymers AS (Norway), G. T. C. Bio Corporation (China), Golden-Shell Pharmaceutical (China), Heppe Medical Chitosan GmbH (Germany), Kitozyme, LLC. (Belgium), Meron (India), Tidal Vision (United States), FMC Corporation (United States), BioAcumen Global Pte Ltd. (Singapore) and MBL (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DOTY Scientific (United States), Yifan Bio-tech Group Co., Ltd. (China), Biological E Limited. (India), Biosynth (Germany), NOK CORPORATION (Japan) and Primex (Iceland).
Segmentation Overview
AMA Research has segmented the market of Global Chitin, Chitosan and Derivatives market by Type (Chitin, Chitosan, Glucosamine and Others), Application (Healthcare & Pharmaceuticals, Water Treatment, Agriculture, Food & Beverages and Others) and Region.
On the basis of geography, the market of Chitin, Chitosan and Derivatives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade, the sub-segment i.e. Food Grade will boost the Chitin, Chitosan and Derivatives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Concentration, the sub-segment i.e. <5 % will boost the Chitin, Chitosan and Derivatives market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness of the Benefits of Chitin and Chitosan in Agriculture
Market Growth Drivers:
Increasing Demand for Sustainable and Bio-Based Materials and Growing Applications in the Healthcare Sector
Challenges:
Competition from Synthetic Alternatives
Restraints:
Limited Raw Material Availability
Opportunities:
Expanding Applications in the Wastewater Treatment Industry and Technological Advancements and Continuous Research
Market Leaders and their expansionary development strategies
In August 2023, Tidal Vision, a leader in chitosan biochemistry, acquired Clear Water Services. This acquisition aimed to accelerate the development and adoption of chitosan-based solutions in the water treatment industry.
In September 2023, Heppe Medical Chitosan (HMC) launched chitosan molecular weight standards. This development is significant as it offers researchers and manufacturers a reliable standard for analyzing the molecular weight of chitosan, a substance with various applications in research and pharmaceutical products.
Key Target Audience
Manufacturer, Government Bodies, Research Center, Potential Investors, New Entrants and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.