Middle East and Africa Chitosan Market

Middle East and Africa Chitosan Market Size 2023-2028

The Middle East and Africa Chitosan Market accounted for a substantial share of the worldwide business. It is expected to grow at a CAGR of 6% in the conjecture period between 2023 and 2028.

Impact of COVID-19 on the Middle East and African Chitosan Market

The Middle East and African region despite not being the region directly affected by the Covid-19 pandemic in terms of casualty, still have suffered huge economic losses in various end-user industries all around. Foreign investments have dried up and production activities have also stopped. Chitosan not popular saw a slump in its growth in the region as various industrial activities were shut down and it found limited implications elsewhere. The market presumably will grow to post the pandemic, but an expected date cannot be prophesied.

Drivers and Restraints of the Middle East and Africa Chitosan Market:

In the Middle East region, the shortage of fresh water has always been a prime issue. Chitosan and composites are being extensively used for the treatment of water. Chitosan flocculent is very efficient and provided attractive pricing solutions. Chitosan is commercially produced from seafood products such as shells of shrimps, crabs, lobster, and crayfish. Each of these has different chitosan content that is likely to play a crucial role in the development of the regional market.

The increasing enterprise funding in the development of various cost-effective and user-safety production techniques is affecting the overall expenses. Therefore, there is a lack of drive toward increasing investments and research. Raw materials involved in the production of the products are very costly and require special alkalis and acids. The production price of chitosan is also not very attractive.

The Middle East and Africa Chitosan market have been segmented into the following categories:

On the basis of the Application:

• Water Treatment
• Medical & Pharmaceutical
• Biomedical
• Agrochemicals
• Food and Beverage

On the basis of Grade:

• Industrial
• Food
• Pharmaceutical

Water treatment is considered the leading application when it comes to the chitosan market in the Middle East and African region. Industrial, commercial, and municipal waste treatment have become a crucial concern with respect to the stringent environmental regulations that have been imposed on various industries in this locale.

The industrial-grade polymer made from chitosans is salt-free and can be used for dyeing purposes. The food-grade chitosan is finding huge demand in the agriculture sector as a coating for seeds. Thus the industrial and food-grade chitosan segments are likely to grow rapidly in the Middle East and African areas in the coming years.

The Middle East and Africa Chitosan Market Regional Analysis:

The Middle East and African market for chitosan are relatively slow as compared to other regions. This is primarily because of the low spending capacity of the residents in the nations of Africa. Foreign investments in research and development are also comparatively less thus the growth does not accelerate. However, with rapid urbanization, one can expect the chitosan market to grow in the region in the envisioned period.

The Middle East and Africa Chitosan Market Recent Developments:

• In March 2020, KitoZyme LLC introduced its patented range of plant-based chitosan in personal care that includes high-quality biopolymers.
• Primex EHF acquired the SeaKlear business in Europe to boost its portfolio in water treatment facilities. It will continue to carry out sales and production in the name of SeaKlear.

There are several major market players that contribute to the demand of the Chitosan Market in the Middle East and Africa, some of the prominent names among them are:

1. GTC bio corporations
2. KitoZyme LLC
3. Primex EHF
4. FMC Corporations
5. Meron Biopolymers