Chitosan Market

Chitosan Market Size (2023-2028)

The  Chitosan Market size was close to USD 10.21 billion in 2022 and is estimated to grow at a CAGR of around 8.2% to reach USD 11.3 billion by 2028.

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 the failure of the kidney can be healed with the assistance of chitosan. The complications can be insomnia, high cholesterol, anemia, etc. There are instances where individuals utilize chitosan directly onto the gums in order to reduce inflammation. Chitosan is the deacetylated kind of chitin, a biopolymer obtained from the shells of crustaceans like shrimp, crabs, and other species. As per the study by 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 a great amount of chitin that is furthermore refined to get chitosan, glucosamine, and other derivatives. On 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 which 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. 

Chitosan Market Driving Factors:

The primary driver that is fuelling the global chitosan market is the significant shortage of fresh water 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, the 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.

CHITOSAN MARKET REPORT COVERAGE:

Chitosan Market segmentation as per the research report until 2028.

Chitosan Market – By Source:

• Shrimp Shells

• Crabs

• Squid and Krill

Shrimp is used throughout the world as the main source of chitosan production, followed by crab.

Chitosan Market – By Application:

• Agrochemicals

• Cosmetics

• Food and Beverage

• Biomedicine and Pharmaceuticals

• Water Treatment

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, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

The region leads the global chitosan market in 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 which 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. An 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:

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.