About Chitosan
Chitosan is a natural fibrous material derived from chitin. Chitin is a substance that is produced in the outer shell of shellfish such as lobsters, crabs, and shrimps. Shrimps are considered to be a major source of chitosan as they contain about 25 percent to 40 percent of chitin content. It is a fibrous material that blocks the absorption of cholesterol and dietary fats and hence is used in medicines to cure diseases such as high cholesterol, obesity, and Crohn's disease. Also, chitosan is biocompatible, biodegradable, and non-toxic, so that it can be used in medical applications as antimicrobial and wound healing biomaterials.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
In order to have convenient access to raw materials, the bulk of manufacturers are located near coastal areas around the world. The ease of manufacturing and fast expanding demand for the product are predicted to drive new market players to enter the market, creating industry rivalry throughout the forecast period. Manufacturers in all areas are likely to focus more on product quality, expand production volumes, and cut product costs in the next years in order to maintain and strengthen their product market position. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Chitosan market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Panvo Organics Pvt. Ltd. (India), Kyowa Technos Co., Ltd. (Japan), Dainichiseika Color & Chemicals Mfg. Co. Ltd. (Japan), KIMICA Corporation (Japan), Heppe Medical Chitosan GmbH (Germany), Meron Biopolymers (India), Qingdao Yunzhou Biochemistry Co. (China), Golden-Shell Pharmaceutical Co. Ltd. (China), FMC Corporation (United States) and Advanced Biopolymers AS (Norway) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ChitoTech (Iran), Axio Biosolutions Pvt Ltd. (India), KitoZyme S.A (Belgium), Foodchem International Corporation (China), Chitosanlab (France), Primex EHF (Iceland), Nano3Bio (Germany), Koyo World (Hong Kong) Co. Ltd. (Hong Kong) and Novamatrix (Norway).
Segmentation Overview
AMA Research has segmented the market of Global Chitosan market by Type (Industrial Grade, Food Grade and Pharmaceutical Grade), Application (Water & Waste Treatment, Pharmaceutical & Biomedical, Cosmetics, Food & Beverage and Others (Nutritional Enhancement, and Agricultural)) and Region.
On the basis of geography, the market of Chitosan 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 Molecular Weight, the sub-segment i.e. < 500 kDa will boost the Chitosan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sources, the sub-segment i.e. Insects will boost the Chitosan market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Water Treatment is expected to Witness a Healthy Growth in the Upcoming Future
Market Growth Drivers:
Rising product demand from the cosmetics and healthcare industry and increasing scope of product application in waste-water treatment are anticipated to increase the market growth., Easy Availability of Raw Material, and Unique Properties of Chitosan and Strong Advancements in Healthcare/Medical Industry in North America
Challenges:
Disadvantages of Using Chitosan in Drug Delivery System and Instability of Chitosan in Some Applications
Restraints:
High Product Costs Depending On the Quality and Purity and Regulations and Compliances Related to Shrimp Farming
Opportunities:
Biodegradability, And Non-Toxic Nature and Applications across Several End-User Industry, Production of Chitosan from Non-Aquatic Sources and Ongoing R&D Activities to Find the Novel Applications of Chitosan in Medical/Healthcare Sectors
In 2019, Axio Biosolutions Pvt Ltd, launched a next-generation wound care dressing, which is made of chitosan. The product will provide faster healing to the patients who are suffering from cavity wounds, venous leg ulcers, diabetic foot ulcers, and others.
The European Parliament regulation (EC) No 1107/2009, approves chitosan hydrochloride as a basic substance used in dietary supplement additives.
Key Target Audience
Chitosan Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers, Pharmaceutical Industries, Chemical Engineers, Research & Development (R&D) Institutions 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.