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Global Chitosan Market Size By Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), By End-User (Water Treatment, Food And Beverages, Cosmetics, Medical And Pharmaceuticals), By Geographic Scope And Forecast


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Chitosan Market Size By Grade (Industrial Grade, Food Grade, Pharmaceutical Grade), By End-User (Water Treatment, Food And Beverages, Cosmetics, Medical And Pharmaceuticals), By Geographic Scope And Forecast

Chitosan Market Valuation – 2024-2031

The Chitosan Market is expanding as the seafood industry generates more trash, there are new applications for chitosan, and the government supports waste recycling. Furthermore, the increasing usage of “Chitofelx” in blood-clotting dressings, owing to its blood-thinning qualities, is aiding market growth. The market size surpasses USD 845.33 USD Million valued in 2024 to reach a valuation of around USD 2108.01 USD Million by 2031.

Chitosan manufacturers have promising growth potential due to the wide range of application areas. This development is particularly noticeable in the food and beverage business, where chitosan is being investigated as a natural preservative and packaging material. As consumer demand for clean labelling and sustainable products rises, chitosan’s use as an antibacterial agent is predicted to gain favour, making it more accessible and enabling the market to grow at a CAGR of 12.1% from 2024 to 2031.

Chitosan MarketDefinition/ Overview

Chitosan is derived from the shells of lobsters, crabs, prawns, and crawfish. It is created by chemical or enzymatic deacetylation of chitin, which is found in insect and crustacean exoskeletons as well as fungal cell walls, with an alkaline material such as caustic soda. The different levels of chitosan in various sources are critical for industrial manufacturing, with prawns being the predominant source.

Chitosan is produced by deacetylating chitin derived from waste crustacean shells. Because of its propensity to decrease fat absorption in the digestive tract, it is widely utilised in dietary supplements. Its biocompatibility and biodegradability make it attractive in healthcare applications, particularly for haemostatic wound dressings due to its anticoagulant qualities. Chitosan is also used as a biopesticide in agriculture to minimise plant pathogens, as a plant growth stimulant, and to purify water. It is also used in polyurethane paints and coatings, organ bioprinting, and as a food preserver.

By encouraging the adoption of chitosan-based products in sectors such as healthcare, agriculture, and packaging, governments can foster a shift towards more sustainable practices while supporting economic growth.

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Will Increasing Awareness about Health and Wellness Drive the Chitosan Market?

The chitosan market, growing awareness of health and wellness are expected to be a prominent driver. As consumers become more health-conscious and seek natural alternatives to improve their well-being, the demand for chitosan is predicted to increase. Chitosan’s reputation as a natural, bioactive ingredient with possible health benefits such as weight loss, cholesterol reduction, and digestive health support appeals to people trying to better their overall health. This increased awareness is expected to drive up demand for chitosan-containing goods across a variety of industries, including medicines, food & beverage, cosmetics, and dietary supplements.

Furthermore, as public awareness of the environmental impact of synthetic chemicals rises, there is a shift toward more sustainable and eco-friendly options. Chitosan, which is formed from chitin found in crustacean shells, fits perfectly into this narrative as a renewable and biodegradable material. Its eco-friendly profile appeals to environmentally conscious consumers, generating further attention and demand.

As regulatory bodies stress the use of natural and sustainable ingredients, the chitosan market is likely to gain from supporting policies and regulations, accelerating its expansion as a favored ingredient in a wide range of applications.

Will the Allergen Concerns Hamper the Chitosan Market?

Allergen concerns about chitosan, which is produced from shellfish, could hinder the widespread acceptance of chitosan-based goods. Individuals with shellfish allergies may experience unpleasant reactions to chitosan in food, pharmaceuticals, or cosmetics, ranging from minor discomfort to severe allergic responses. This factor may limit chitosan’s market potential, especially in businesses that prioritize allergen labeling and customer safety.

Manufacturers have to be careful in clearly labeling items containing chitosan to inform consumers of shellfish allergies, potentially lowering the risk of allergic reactions. Despite labeling initiatives, some customers may continue to avoid chitosan-containing items due to worries about cross-contamination or allergy residues.

Chitosan in markets with high levels of shellfish allergies or strict allergy rules, the usage of chitosan may encounter further scrutiny or regulatory difficulties. This could limit the types of items that can be made with chitosan or require stringent labeling and testing standards, adding complexity and perhaps increasing costs for businesses.

Category-Wise Acumens

Will Higher Costs Associated the Industrial Grade Segment for the Chitosan Market?

In the chitosan market, Industrial grade leads the market, which is wing to its lower cost than culinary and medicinal grade competitors. Its low cost makes it ideal for a wide range of applications requiring huge quantities, such as water treatment and agrochemicals. These sectors profit economically from the use of industrial grade chitosan, which provides effective solutions at a lower cost than more refined grades.

The benefits of industrial grade chitosan extend to a variety of different industrial operations. Its adaptability and inexpensive price point allow it to be used in a variety of industries, increasing its market domination. Industrial grade chitosan serves the growing demand for efficient and cost-effective industrial solutions by balancing functionality and affordability, cementing its market position.

Will Wastewater Treatment Application Driving Demand for Chitosan Market?

The global chitosan market sees a wide range of applications across sectors, with water treatment developing as a major area. The demand for chitosan in water treatment applications has increased significantly, driven by the world’s urgent need for safe drinking water. Furthermore, rigorous rules governing water treatment standards have fueled the chitosan market’s growth trajectory. As governments and regulatory agencies enforce higher standards, the use of chitosan in water treatment procedures is expected to increase, addressing global concerns about water quality and availability.

In addition to its vital role in water purification, chitosan is widely used in the biomedical and pharmaceutical industries. It is a key component in the synthesis of many medications, experimental materials, and related chemicals. In recent years, the food and beverage industry has also embraced chitosan usage across various applications. Chitosan’s adaptability and favorable qualities are increasingly being used in a variety of applications in the food and beverage industry, showing its growing relevance and potential for continued market expansion.

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Country/Region-wise Acumens

Will The Natural Preservatives and Environmentally Friendly Packaging Materials Propel the Demand in North America?

In the North America, the chitosan sector is expected to increase significantly, with a market value of US$ 261.5 million by 2023. One of the key drivers of this expansion is the rising demand for natural preservatives and environmentally friendly packaging materials in the food industry. As customers become more health-conscious and ecologically aware, there is a growing preference for products that are not only safe to ingest but also have sustainable packaging. Chitosan, obtained from natural sources such as crustacean shells, meets this desire precisely because it is a biodegradable and renewable alternative to synthetic preservatives and plastic packaging materials.

The Food and Drug Administration (FDA) approved chitosan for use in food goods, accelerating industry expansion in the North America. This regulatory certification gives producers a substantial boost, allowing them to create novel food items that meet customer demand for natural and sustainable ingredients. With the FDA’s approval, corporations are rapidly adding chitosan into a variety of food products, including beverages, dairy, meat, and seafood, to capitalise on its characteristics as a natural preservative, antibacterial agent, and packaging material. This regulatory validation, together with increasing consumer preferences, provides a positive backdrop for the expansion of the chitosan business in North America.

Will Increasing Major Producers and Consumers Accelerate in Asia-Pacific for the Chitosan market?

The chitosan market in the Asia-Pacific region is expected to thrive due to rising demand for bio-based products and supportive government policies. Glucosamine and Chito oligosaccharides have been approved for use in dietary supplements by regulatory bodies such as the Korea Food & Drug Administration and the Japan Food Chemical Research Foundation. Japan stands out as a major producer and consumer of chitosan in the Asia-Pacific region, benefiting from abundant raw materials and early recognition of its advantages. Water treatment applications account for over sixty percent of the market share in Japan while increasing demand from artificial skin production and wound dressing is expected to further drive growth in the forecast period.

In Japan, the chitosan industry is poised for significant growth, with an anticipated value of US$ 341.7 million by 2023. This growth is primarily fueled by the increasing demand for health supplements containing chitosan. With its perceived health benefits, such as cholesterol reduction and weight loss promotion, chitosan has garnered attention among health-conscious consumers in Japan. Given Japan’s reputation for having one of the highest life expectancies globally and a strong emphasis on health and wellness, there is a burgeoning market for chitosan-based products catering to the country’s health-conscious population.

Competitive Landscape

The chitosan market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the market include

  • Agratech (KYTOSAN USA, LLC)
  • Austanz Chitin Pty Ltd.
  • CarboMer, Inc.
  • Golden-Shell Pharmaceuticals Co. Ltd
  • Heppe Medical Chitosan GmbH
  • KIMICA Corporation
  • Kitozyme, LLC
  • Kraeber & Co. GmbH
  • Meron Group
  • Qingdao Haijia Biology and Technology Co. Ltd
  • Tidal Vision Inc.
  • Chitolytic
  • Marshall Marine Products
  • Zhejiang Aoxing Biotechnology Co. Ltd.

Latest Developments

  • In 2019, Axio BioSolutions introduced MaxioCel, a chitosan-based next-generation wound care dressing. Patients with chronic injuries such as venous leg ulcers, diabetic foot ulcers, post-operative surgical wounds, pressure ulcers, skin abrasions, cavity wounds, and donor sites may benefit from the “first of its kind” solution, which is designed to provide relief and speed up recovery. MaxioCel, which combines scar healing, haemostatic, and pain management qualities, fills a huge market niche.
  • In November 2023, ChitogenX Inc., a clinical-stage regenerative medicine firm said that it has initiated a new development programme aimed at addressing major unmet medical needs in the burn and skin restoration sector, which is now valued at US $19 billion and expected to increase at a CAGR of 5% or more through 2032. New patents in the North America and Canada establish ChitogenX’s unique chitosan-based biopolymer as a suitable match with cellular regeneration
  • In September 2023, green chemical firm Tidal Vision raised more than $20 million and announced the acquisition of one of its customers for an unknown sum. The Bellingham, Wash.-based startup converts waste crab shells into a flexible, biodegradable polymer called chitosan (pronounced “kite-osan”) that may be utilised for a variety of industrial uses.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of 12.1% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Grade
  • End-User
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World
Key Players

Agratech (KYTOSAN USA, LLC), Austanz Chitin Pty Ltd., CarboMer, Inc., Golden-Shell Pharmaceuticals Co. Ltd, Heppe Medical Chitosan GmbH, KIMICA Corporation, Kitozyme, LLC, Kraeber & Co. GmbH, Meron Group, Qingdao Haijia Biology and Technology Co. Ltd, Tidal Vision Inc., Chitolytic, Marshall Marine Products, Zhejiang Aoxing Biotechnology Co. Ltd.

Customization

Report customization along with purchase available upon request

Chitosan Market, By Category

Grade

  • Industrial Grade
  • Food Grade
  • Pharmaceutical Grade

End-User

  • Water Treatment
  • Food & Beverage
  • Cosmetics
  • Medical & Pharmaceuticals
  • Agrochemicals

Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest Of the World

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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Pivotal Questions Answered in the Study

Some of the key players leading in the market include Primex EHF, Advanced Biopolymers as, Bio21 Co., Ltd., G.T.C. Bio Corporation, Taizhou City Fengrun Biochemical Co., Heppe Medical Chitosan GmbH, Vietnam Food, Kitozyme S.A., Agratech, Ltd. and Zhejiang Golden-Shell Pharmaceutical Co., Ltd.
Key factors that are driving the chitosan market growth include increasing demand from the cosmetics industry and rising scope of usage in waste-water treatment industry
The chitosan market is estimated to grow at a CAGR of 12.1% during the forecast period.

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )