Chitosan Market by Product (Food Grade, Industrial Grade, Pharmaceutical Grade), Source (Crab, Krill, Shrimp), Packaging Material, Application - Global Forecast 2024-2030
The Chitosan Market size was estimated at USD 1.75 billion in 2023 and expected to reach USD 1.96 billion in 2024, at a CAGR 12.80% to reach USD 4.07 billion by 2030.
Chitosan is a naturally occurring polysaccharide obtained from the chitin found in the exoskeletons of crustaceans such as shrimp, crabs, and lobsters. Chitosan is created by treating chitin with an alkaline substance, usually sodium hydroxide, followed by a process of deacetylation, which removes acetyl groups from the chitin molecule. The increasing awareness of chitosan's properties, such as its biocompatibility, biodegradability, and antimicrobial activity, has led to a rise in demand for chitosan in diverse industries such as pharmaceuticals, food & beverages, cosmetics, agriculture, and water treatment. There is an extensive demand for biodegradable materials, including chitosan, with an increasing focus on environmentally friendly alternatives. Production of chitosan involves extracting and processing chitin from crustacean shells, which are costly and labor-intensive, subsequently hampering the adoption of chitosan. Expanding research & development activities to develop value-added chitosan products and formulations by modifying their properties or combining them with other materials is expected to contribute to the chitosan market growth.
Regional Insights
The chitosan market is well-established in the Americas owing to the demand from pharmaceuticals, cosmetics, food & beverages, and water treatment sectors. Countries, including Germany, France, and the UK, have a strong presence in the pharmaceutical and cosmetics industries, which drives the demand for chitosan-based products in EMEA. Additionally, countries such as China, Japan, and South Korea are leading producers and consumers of chitosan, which provides a ready supply of chitosan raw materials, benefiting the market growth in Asia-Pacific. The adoption of sustainable agricultural practices in the APAC presents substantial opportunities for chitosan in crop protection and biostimulant applications. Regional regulations, industrial development, consumer preferences, and availability of raw materials influence the growth and adoption of chitosan in the Americas, Asia-Pacific, and EMEA.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Chitosan Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Rising consumer interest in natural and sustainable products
- Growing adoption across various biomedical applications
- Market Restraints
- High cost of chitosan and variability in raw material quality
- Market Opportunities
- Progressing R&D activities to expand the application of chitosan
- Emerging production of chitosan from non-aquatic sources
- Market Challenges
- Complexity in the production techniques of chitosan
- Market Segmentation Analysis
- Product: increasing uses of chitosan as a thickener and coagulant in food & healthcare industry
- Packaging Material: Utilization of chitosan as anti-corrosion fiber in packaging applications
- Source: Extensive availability of natural sources encouraging an extraction of chitosan
- Application: Widening uses of chitosan in agriculture and wastewater treatment providing numerous bio-organic properties
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Chitosan Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Chitosan Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Tômtex Lifts Seed Funding to USD 4.15m for Shrimp and Mushroom-Based Biomaterials
TOMTEX INC. raised USD 4.15 million in seed funding, including a recent round of USD 2.25 million. TômTex leverages the untapped potential of chitosan derived from shrimp shells and mushroom waste to produce eco-friendly, biodegradable materials. This funding is expected to empower TômTex's expansion in manufacturing capabilities and team growth.
SurgiClean and Skformula Skin Care Products New Arrival
Singclean Medical introduced a range of skin care products across specialized hyaluronic acid, collagen, and chitosan series, meticulously developed to meet medical devices' rigorous standards and deliver a distinguished skincare experience to a broad demographic.
Chitogenx Launches Burn and Skin Repair Development Program
ChitogenX Inc. announced a novel development program addressing the critical unmet burn and skin repair market needs. ChitogenX highlights the aspiration to expedite the clinical trial and regulatory processes, aiming for a quicker market introduction due to the encouraging data from the proof-of-concept studies and the procurement of crucial U.S. and Canadian patents for its chitosan-based biopolymer.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Chitosan Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Chitosan Market, highlighting leading vendors and their innovative profiles. These include ADVANCED BIOPOLYMERS AS, AgraTech International, Inc., BIO21 COMPANY LIMITED, Biosynth Ltd., CD Bioparticles, ChitogenX Inc., ChitoLytic, Dainichiseika Color & Chemicals Mfg. Co., Ltd., Enargia Technologies, Fengchen Group Co.,Ltd., Glentham Life Sciences Ltd, Golden-Shell Pharmaceutical Co., Ltd., Heppe Medical Chitosan GmbH, ISF Chitin & Marine Products LLP, Iterro, Inc., Kitozyme, LLC, Koyo Chemical Co.,Ltd., Kunpoong Bio Co., Ltd., Matexcel, Merck KGaA, Meron Group, Neithal Biotech Private Limited, Norwegian Chitosan AS, Otto Chemie Pvt. Ltd., Panvo Organics Pvt. Ltd., Polysciences, Inc., Primex EHF, Qingdao Yuda Century Economy And Trade Co.,Ltd., Qingdao Yunzhou Biochemistry Co. Ltd., Refine Chemical Co.,Ltd., Siveele B.V., Tidal Vision Products Inc., Vietnam Food JSC, and Yixing Cleanwater Chemicals Co., Ltd..
Market Segmentation & Coverage
This research report categorizes the Chitosan Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Food Grade
- Industrial Grade
- Pharmaceutical Grade
- Research Grade
- Source
- Crab
- Krill
- Shrimp
- Squid
- Packaging Material
- Glass
- Metal
- Paper & Plastic
- Application
- Agrochemicals
- Cosmetics & Personal Care
- Food & Beverages
- Medical & Pharmaceuticals
- Water Treatment
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising consumer interest in natural and sustainable products
- 5.1.1.2. Growing adoption across various biomedical applications
- 5.1.2. Restraints
- 5.1.2.1. High cost of chitosan and variability in raw material quality
- 5.1.3. Opportunities
- 5.1.3.1. Progressing R&D activities to expand the application of chitosan
- 5.1.3.2. Emerging production of chitosan from non-aquatic sources
- 5.1.4. Challenges
- 5.1.4.1. Complexity in the production techniques of chitosan
- 5.2. Market Segmentation Analysis
- 5.2.1. Product: increasing uses of chitosan as a thickener and coagulant in food & healthcare industry
- 5.2.2. Packaging Material: Utilization of chitosan as anti-corrosion fiber in packaging applications
- 5.2.3. Source: Extensive availability of natural sources encouraging an extraction of chitosan
- 5.2.4. Application: Widening uses of chitosan in agriculture and wastewater treatment providing numerous bio-organic properties
- 5.3. Market Trend Analysis
- 5.3.1. Robust pharmaceutical and medical industries, exploration of novel research avenues, and strong regulatory approvals for chitosan-based products across the Americas region
- 5.3.2. Significant cosmetic manufacturing activities, R&D initiatives on water treatment activities, contributing to market expansion in the APAC region
- 5.3.3. Extensive R&D activities to accelerate the utility of chitosan in biomedical and wastewater treatment in EMEA
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Chitosan Market, by Product
- 6.1. Introduction
- 6.2. Food Grade
- 6.3. Industrial Grade
- 6.4. Pharmaceutical Grade
- 6.5. Research Grade
- 7. Chitosan Market, by Source
- 7.1. Introduction
- 7.2. Crab
- 7.3. Krill
- 7.4. Shrimp
- 7.5. Squid
- 8. Chitosan Market, by Packaging Material
- 8.1. Introduction
- 8.2. Glass
- 8.3. Metal
- 8.4. Paper & Plastic
- 9. Chitosan Market, by Application
- 9.1. Introduction
- 9.2. Agrochemicals
- 9.3. Cosmetics & Personal Care
- 9.4. Food & Beverages
- 9.5. Medical & Pharmaceuticals
- 9.6. Water Treatment
- 10. Americas Chitosan Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Chitosan Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Chitosan Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. Tômtex Lifts Seed Funding to USD 4.15m for Shrimp and Mushroom-Based Biomaterials
- 13.3.2. SurgiClean and Skformula Skin Care Products New Arrival
- 13.3.3. Chitogenx Launches Burn and Skin Repair Development Program
- 13.3.4. Vaud-based LAGOSTA and Global Giant Merck Collaborate on Chitosan Distribution
- 13.3.5. Administration of AccuTOX-chitosan inhibits the growth of established solid lymphoma in animals
- 13.3.6. Tidal Vision Turns Discarded Crab Shells Into Useful Industrial Chemicals
- 13.3.7. Hmc Launched Chitosan Molecular Weight Standards
- 13.3.8. Tidal Vision Acquires Clear Water Services to Build Additional Water Treatment Systems
- 13.3.9. KitoZyme and Janssen PMP, a Division of Janssen Pharmaceutica NV, Sign an Exclusive Partnership
- 13.3.10. Aquaculture Business Plans Expansion to South Dakota
- 13.3.11. Axio Biosolutions gets FDA Nod for AX-Surgi Surgical Hemostat
- 13.3.12. KiOmed Pharma and Hansoh Pharma Announce License Agreement for KiOmedinevsOne in China’s Mainland, Macau and Taiwan
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
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