Chitosan Market Research Future Insights:
The Global Chitosan Market is estimated to be worth USD 8.5 Billion by 2030, registering a 25.90% CAGR during the forecast period (2023- 2030).
North America Chitosan Market emerges as a significant, encompassing the United States, Canada, and Mexico. The region's chitosan market is driven by factors such as increasing environmental concerns, growing awareness of sustainable alternatives, and expanding applications across diverse industries. In Canada, chitosan finds applications in agriculture, pharmaceuticals, and wastewater treatment, driven by its biocompatibility and non-toxic nature. Similarly, in Mexico, the demand for chitosan is rising, supported by the growth of industries like cosmetics, food and beverages, and healthcare. Collaborative efforts between industry players and research institutions contribute to innovation and market expansion across North America.
Chitosan is a linear polysaccharide, and it's extracted by treating the chitin shells of shrimp and other crustaceans with an alkaline material, similar to sodium hydroxide. Chitosan is an amino polysaccharide polymer commercially manufactured from the shells of crabs, lobster, shrimp, and crayfish. It's produced through chemical or enzymatic deacetylation of chitin shells or exoskeletons of insects, crustaceans, and the cell walls of fungi with an alkaline material similar to sodium hydroxide. Each raw material for the product has specific chitosan content hence playing a major role in commercial manufacturing. Shrimp is a significant source of chitosan since it contains around 25 to 40 chitins, whereas the crab shell contains around 15 to 20.
Chitosan has several commercial and viable biomedical uses. Chitosan is extensively used in the food & beverage industry, pharmaceuticals & nutraceuticals, personal care products, and agriculture. Chitosan is utilized in agriculture for seed treatment and as a biopesticide, supporting plants to fight off fungal infections. In beverage industries, particularly winemaking, chitosan can be utilized as a fining agent and helps prevent spoilage. For medicinal objectives, chitosan is applied in bandages to reduce bleeding and as an antibacterial agent.
Growing product demand from the cosmetics industry and expanding the scope of product application in waste-water treatment are also expected to boost the market growth. Likewise, the elimination of strict regulations that limited the establishment of new manufacturing units by the Government of Mexico has responded to the development of new and large-scale pharmaceutical manufacturing facilities in the region.
Market Segmentations:
The global Chitosan Market is segmented into the following types;
By Source
• Shrimps
• Prawns
• Crabs
• Lobsters
• Fungi
• Others
By Application
• Food & Beverages
• Pharmaceuticals & Nutraceuticals
• Cosmetics & Personal care
• Agriculture
• Others
Key Players:
The global Chitosan Market Companies are Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), KitoZyme S.A. (Belgium), Advanced Biopolymers AS (Norway), BIO21 Co. Ltd. (Thailand), G.T.C. Bio Corporation (China), Taizhou City Fengrun Biochemical Co. Ltd. (China), Zhejiang Golden-Shell Pharmaceutical Co. Ltd. (China), Panvo Organics Pvt. Ltd. (India), Xianju Tengwang Chitosan Factory (China).
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