Global Chitosan Market To Expand At A CAGR of 17.5% Over the Forecast Period 2016-2024

According to Goldstein Research, global chitosan market is expected to reach USD 4.5 billion by 2024, growing at a compounded annual growth rate of 17.5% over the forecast period 2016-2024. The growth of world chitosan market is impacted by increasing application of chitosan such as water treatment, cosmetics, food & beverage, biomedical & pharmaceuticals, and others applications worldwide. Global chitosan market segmentation has been carried out on the basis of source, industrial application, and geography. Based on application, water engineering segment accounted for 24% market share, the highest of all other applications due to growing demand for wastewater treatment. Global chitosan market is majorly driven by the Asia Pacific, accounting for nearly 50% market share. Countries such as China, Korea, Japan, Singapore, Indonesia, Australia, and India are experiencing rapid growth of pharmaceutical industry, cosmetics industry, and food & beverage industry, which are the major application area of chitosan.

Market Segmentation

On the basis of our in-depth analysis, Global Chitosan Market can be segmented as follows:

  • By Source
    • Shrimp
    • Crab
    • Squid
    • Krill
  • By Industrial Application
    • Cosmetics
    • Water Engineering
    • Paper Industry
    • Textile Industry
    • Food Processing
    • Agriculture
    • Photography
    • Biomedical & Pharmaceutical Application
    • Other (Solid-state batteries, etc)
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Market Trends, Drivers, and Challenges

The report contains a detailed overview of the global chitosan market. On the basis of our in-depth analysis, the industry can be segmented in terms of market segmentation by source and industrial application.

Further, for the in-depth analysis, Global Chitosan market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as GTC Bio Corporation, Panvo Organics Pvt., Ltd., KitoZyme S.A., Xianju Tengwang Chitosan Factory, FMC Health, Golden-Shell Pharmaceutical Co., PT Biotech Surindo, Primex ehf, Heppe Medical Chitosan GmbH, Koyo World Co. Ltd., Dainichiseika Color & Chemicals, BioPhrame Technologies, Biothera, United Chitotechnologies Inc., Koyo World Co. Ltd., Kraeber & Co. GmbH, Foodchem International Corporation, Xianju Tengwang Chitosan Factory, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global chitosan market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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