North America Chitosan Market

North America Chitosan Market Size 2023-2028

North America Chitosan Market accounted for a prominent revenue share in the worldwide chitosan market. It is expected to grow at a CAGR of 12% in the outlook period between 2023-2028

Drivers and Restraints of North America Chitosan Market:

Chitosan is a kind of amino polysaccharide polymer that is made industrially from the shells of seafood like shrimps, crabs, lobster, and crayfish. The raw material for the product has different chitosan content hence playing an important role in commercial manufacturing. Shrimp is considered to be the major source of chitosan since it contains about 24% to 45% chitin, whereas the crab shell contains approximately 17% to 20%. Therefore, the ease of availability of the raw material for the chitosan market is one of the strongest contributing factors to its growth.

Rising product demand from the cosmetics industry, on top of that, increasing scope of product application in waste-water treatment is also anticipated to boost the market growth. Additionally, the elimination of stringent regulations and norms that restricted the establishment of new manufacturing units by the Government of Mexico has resulted in the development of new and large-scale pharmaceutical manufacturing facilities in the Mexican region.

The major business players in the chitosan market invest in cost-effective and use safer production methodologies. Therefore, there is a lack of drive towards increasing investments and research. This is one of the factors that can hinder the growth of the chitosan market in the North American area.

Impact of COVID-19 on the North America Chitosan Market:

North America, especially the USA is the hotspot for the COVID-19 virus with infection rates surging every week. Amidst this, the economies have contracted by 25% and it has an adverse effect on every sector. However, the Chitosan market saw an increase in demand during this period as clinical trials for vaccines were going on, and the search for a foolproof vaccine was in full swing. The packaging sector flourished during this period and chitosan acting as an antimicrobial was in high demand from these packaging sectors. A lot of investments are being made in the pharmaceutical and healthcare sectors which is likely to boost the growth of the Chitosan market.

Market Segmentation

North America Chitosan Market-On the basis of the Application:

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

North America Chitosan Market-On the basis of Grade:

• Industrial

• Food

• Pharmaceutical

Water treatment is the biggest application segment when it comes to the chitosan market.

Industrial, commercial, and municipal waste treatment has become one of the major causes of concern with respect to the stringent environmental regulations that have been imposed on various industries. In the packaging sector, chitosan is being used as an antimicrobial agent in food processing. It offers freshness and prevents fungal infections. This is also growing at a high pace in the market and the demand is increasing.

North America Chitosan Market Regional Analysis :

The United States is expected to be the leader of the market in the North America region owing to its increasing investments and rising funds dedicated to manufacturing companies as well as academic and research institutes for the research and development of gene synthesis-based end products that include precision medicine and other therapeutics.

The North American region is the second-largest market for chitosan in the world.  This is major because of the strong existing economy that invests a lot in the pharmaceutical sector as well as the healthcare sector.

Key Players 

1. GTC bio corporations
2. PT biotech Surindo
3. Golden Shell pharmaceutical co.
4. Panvo Organics pvt.
5. Meron Biopolymers