Global Chitin Market Growth 2023-2029

Global Chitin Market Growth 2023-2029

Chitin is a large, structural polysaccharide made from chains of modified glucose. Chitin is found in the exoskeletons of insects, the cell walls of fungi, and certain hard structures in invertebrates and fish. In terms of abundance, chitin is second to only cellulose.
LPI (LP Information)' newest research report, the “Chitin Industry Forecast” looks at past sales and reviews total world Chitin sales in 2022, providing a comprehensive analysis by region and market sector of projected Chitin sales for 2023 through 2029. With Chitin sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chitin industry.
This Insight Report provides a comprehensive analysis of the global Chitin landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chitin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chitin market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chitin and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chitin.
The global Chitin market size is projected to grow from US$ 117.8 million in 2022 to US$ 142.9 million in 2029; it is expected to grow at a CAGR of 142.9 from 2023 to 2029.
Global key players of Chitin include Jiangsu Shuanglin Marine Biological, AOXIN, Jining Taihao, Golden-Shell Pharmaceutical and Fengrun Biochemical, etc. Top three players occupy for a share about 24%. Asia Pacific is the largest market, with a share about 58%, followed by Europe and North America. In terms of product, Industrial Grade is the largest segment, with a share over 65%. In terms of application, Industrial is the largest market, with a share over 61%.
This report presents a comprehensive overview, market shares, and growth opportunities of Chitin market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Food Grade Chitin
Industrial Grade Chitin
Segmentation by application
Industrial
Agriculture
Medicine
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AgraTech
Primex
Advanced Biopolymers
Kunpoong
Navamedic
Heppe Medical Chitosan
Bannawach Bio-Line
Yangzhou Hongxin
Jining Taihao
AOXIN
Jiangsu Shuanglin Marine Biological
Golden-Shell Pharmaceutical
Ningbo Zhenhai Haixin Biological
Fengrun Biochemical
Qingdao Yunzhou Biochemistry
Key Questions Addressed in this Report
What is the 10-year outlook for the global Chitin market?
What factors are driving Chitin market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Chitin market opportunities vary by end market size?
How does Chitin break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.