The size and share of the Chitosan Market size was close to USD 6.2 billion in 2020 and is estimated to grow at a CAGR of around 5.2% to reach USD 9.3 billion by 2025.
A variety of sugar that is obtained from the outer tough skeleton of shellfish like shrimp, crab, and lobster is known as chitosan. It is utilized in medicines in order to cure diseases like Crohn’s disease, obesity, and high cholesterol. The difficulties that are obtained due to failure of kidney can be healed with the assistance of chitosan. The complications can be insomnia, high cholesterol, anaemia, etc. There are instances where individuals utilize chitosan directly onto the gums in order to reduce the inflammation. Chitosan is the deacetylated kind of a chitin, a biopolymer obtained from the shells of crustaceans like shrimp, crabs, and other species. As per the study in the Food and Agriculture Organization (FAOSTAT), over 750,000 tonnes of crustaceans’ shell waste is generated yearly in Europe. In the procedure of crustaceans, close to 40% of the complete weight is the shell whereas the rest is eaten.
This shell waste is divided with great amount of chitin that is furthermore refined to get chitosan, glucosamine, and other derivatives. On a par, a waste crustacean shell is made of around 30% to 40% protein, 30% to 50% of calcium carbonate, and close to 30% of chitin. The shell waste having chitin present in it is made with some specific alkalis and acids under suitable reaction conditions. After going through consecutive demineralization and deproteinization, chitin is obtained that is furthermore deacetylated to get the chitosan. Besides this crustacean shell waste, chitosan can also be produced from some fungi. Nevertheless, less amount of chitin in the cell walls of fungi and the non-appearance of an absolute process for extraction of chitin on a trading scale makes it a less utilized source for obtaining chitosan. Expansion in R&D spending is nevertheless estimated to escalate industry expansion in the future.
What is Chitosan?
A type of sugar that is derived from the hard outer skeleton of shellfish like shrimp, crab, and lobster, is called chitosan. It is also employed in medicines in order to cure diseases like Crohn’s disease, obesity, and high cholesterol. The complications which are obtained from kidney failure can be cured with the assistance of chitosan. The difficulties can be insomnia, high cholesterol, anemia, etc. There are examples where individuals apply chitosan directly to the gums in order to treat the inflammation.
Chitosan is the deacetylated type of chitin, a biopolymer extracted from the shells of crustaceans like shrimp, crabs, and others. According to the Food and Agriculture Organization (FAOSTAT), approximately 750,000 tonnes of crustaceans’ shell waste is generated yearly in Europe. In the procedure of crustaceans, around 40% of the total mass is the shell, whereas the rest is eaten. This shell waste is segmented with a high amount of chitin which is further processed to produce chitosan, glucosamine, and other derivatives. On average, a waste crustacean shell is made of 30-40% protein, 30-50% calcium carbonate, and around 30% of chitin.
The global chitosan market is expected to exceed USD4 billion by the end of 2020. Chinese and Japanese companies dominate the market, where barriers to entry are quite low. Strict compliance with regulations limiting market progress.
Axio Biosolutions introduces MaxioCel, cutting-edge innovation in advanced wound care. Business Wire India launching the innovation in wound care, AxioBiosolutions has introduced MaxioCel, a next-generation wound care dressing made out of chitosan.
Axio Biosolutions, a MedTech business invested by Ratan Tata’s UC- RNT, has become the world’s biggest producer of chitosan medical sponges. This excellent bio-material has potential applications in wound care management. Recently, Axio Biosolutions, headquarters located in Bengaluru, grown its manufacturing facility at Gujarat Pharma Techno Park in Ahmedabad to one million units yearly, according to a business statement
Chitosan Market Driving Factors
The primary driver that is fuelling the global chitosan market is the significant shortage of freshwater due to the escalating urban population and the fast rate of industrialization. As solution governments and private market companies are making funds for water treatment globally. A unique composite called chitosan flocculant is employed in the treatment of the water as it is price effective and is more effective than the flocculant in the water treatment. The booming personal care business is fuelling the global chitosan market. Chitosan is employed as an ingredient in the products of dental care, hair care, and skincare products. It has excellent skin moisturizing property hence used in different skincare products. A rising call for products from the cosmetics segment is also estimated to escalate advancement on the market and the increasing application variety for products for wastewater therapy. In addition to that, removing stringent laws limiting the establishment by the Government of Mexico of new manufacturing units resulted in the expansion of big-scale, new pharmaceutical installations in the region.
Opportunities in the Chitosan Market
Potential utilization of chitosan nanoparticles and increasing employment of chitosan in tissue engineering are identified as growing application areas of the global chitosan market.
Challenges in the Chitosan Market
The factor that is negatively impacting the worldwide chitosan market expansion is the high price of the raw materials for the making of the product. The shell waste having chitin is made with particular alkalis and acids under optimal reaction conditions. After undergoing progressive demineralization and deproteinization, chitin is produced that is further deacetylated to obtain chitosan. Apart from crustacean shell waste, chitosan can also be derived from certain fungi. Nevertheless, low amount of chitin in the cell walls of fungi and the absence of an optimal process for extraction of chitin on a commercial scale makes it a less employed source for producing chitosan.
The high production price of chitosan and its derivatives and product inconsistency owing to seasonal, regional, and chemical modification could be a challenge to the expansion of this industry in the coming years.
Market Size Available
2019 – 2025
2020 - 2025
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, Inc. United Chitotechnologies, Heppe Medical Chitosan GmbH, KITOZYME SA, Kraeber. & Co. GmbH, Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd. Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., Dainichiseika Color & Chemicals Mfg Co., Ltd., KYTOSAN LLC
Chitosan Market segmentation as per the research report until 2025.
Chitosan Market – By Sources
Shrimp is used throughout the world as the main source of chitosan production, followed by crab.
Chitosan Market – By Application
Among these, water treatment continues to be the main segment of applications, taking advantage of coagulation and flocculation properties, as well as the low cost of chitosan. Chitosan is capable of absorbing substantially large metal ions.
Chitosan Market – By Region
North America Chitosan Market includes U.S, Canada
Europe Chitosan Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Chitosan Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Chitosan Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Chitosan Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
The region which leads the global chitosan market is the Asia Pacific. The fast market expansion in the Asia-Pacific region can be credited to the factor that in the past years there has been a rapid expansion in the pharmaceutical and cosmetics business and the food & beverage sector, which has a high demand for chitosan in the countries like India, China, and Korea. This has created a positive effect on the chitosan market.
In Korea, chitosan is employed as a natural food additive, therefore escalating its call. The key shrimp producing countries are China and Thailand that proves advantageous for the raw material supply for the chitosan business. In Japan, the request for chitosan is mainly from the applications of water treatment. North America and Europe are also contributing a significant share in the global chitosan market. Fast expansion in growing markets like China, Korea, and India for the cosmetics, pharmaceutical, and food & beverage segments is estimated to have a beneficial impact on market advancement. Chitosan is also approved as a natural food additive, and customer knowledge of the product benefits drives the market.
In France, Germany and Italy, the European economic crisis has resulted in sluggish advancement of the pharmaceutical business that is supposed to boost the pharmaceutical chitosan market. But rising R&D spending will escalate the expansion of the business. Increase in R&D spending is nevertheless estimated to escalate market expansion. In addition to that, the rising popularity of natural cosmetics in the region is determined to further fuel this product call.
Chitosan Market key players listed in the research report are:
Major companies plying their trade in the Chitosan Market include Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, Inc. United Chitotechnologies, Heppe Medical Chitosan GmbH, KITOZYME SA, Kraeber. & Co. GmbH, Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd. Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., Dainichiseika Color & Chemicals Mfg Co., Ltd., KYTOSAN LLC, PT Biotech Surindo, BioPhrame Technologies, Biothera, among others.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 shrimp shells
5.1.4 squid and krill
5.1.5 Y-o-Y Growth Analysis, By sources
5.1.6 Market Attractiveness Analysis, By sources
5.1.7 Market Share Analysis, By sources
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By sources
126.96.36.199 By Application
188.8.131.52 By Indication
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By sources
18.104.22.168 By Application
22.214.171.124 By Indication
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By sources
184.108.40.206 By Application
220.127.116.11 By Indication
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Qingdao Yunzhou Biochemistry Co
8.3 Panvo Organics Pvt Ltd
8.4 Advanced Biopolymers AS
8.5 Meron Biopolymers
8.6 Biophrame Technologies, Inc.
8.7 United Chitotechnologies
8.8 Heppe Medical Chitosan GmbH
8.9 KITOZYME SA
8.10 Kraeber. & Co
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by source, by application,by geography along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Chitosan Market By Region, From 2020-2025( USD Billion )
Global Chitosan Market By sources, From 2020-2025( USD Billion )
Global shrimp shells Market By Region, From 2020-2025( USD Billion )
Global crabs Market By Region, From 2020-2025( USD Billion )
Global squid and krill Market By Region, From 2020-2025( USD Billion )
Global Chitosan Market By Application, From 2020-2025( USD Billion )
Global agrochemicals Market By Region, From 2020-2025( USD Billion )
Global cosmetics Market By Region, From 2020-2025( USD Billion )
Global others Market By Region, From 2020-2025( USD Billion )