Chitosan Market Overview
Chitosan is a sugar derived from chitin, which is found in the hard, outer skeleton of shellfish, such as lobsters, crabs, and shrimps. It is vastly used in the medical sector, since it possesses a higher antimicrobial activity and lower toxicity toward mammalian cells, in comparison to other disinfectants. In addition, it is highly suitable for agricultural application, owing to its antiviral, antibacterial, and antifungal properties, with which it protects the agricultural yield from unwanted microbes and insects.
On the basis of application, the global chitosan market has been categorized into agriculture, food & beverage packaging, medical, wastewater treatment, and others. A significant market demand is expected to arise from the medical sector in the coming years, owing to the vast application base of chitosan in the biomedical field. This includes its usage for wound healing, lowering the cholesterol and body weight, supplementing the glucose in prediabetic patients, and dentistry.
Geographically, the chitosan market has been categorized into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). The demand for chitosan is expected to witness a rise in the APAC region in the coming years, owing to the increasing investments in the medical sector, particularly in emerging economies, including China, India, and Thailand and other Southeast Asian countries. In addition, with the growing focus on the medical sector in these countries, the market for chitosan holds a significant potential for growth during the coming years.
Chitosan Market Dynamics
Drivers
The demand for chitosan is likely to witness an increase from the food & beverage packaging sector, owing to its usage in bioactive packaging films. In order to maintain quality and extend the shelf life of food products, bioactive film packaging has garnered popularity in the recent years, owing to which the demand for chitosan has increased. In addition, the usage of chitosan-based packaging films helps in improving preservation method, thereby increasing shelf life of food products. This results in reducing the use of chemical preservatives, which drives the chitosan market.
Opportunities
The chitosan market has immense opportunities, owing to its increasing adoption in biomedical and pharmaceutical applications. Chitosan is a versatile biomaterial, since it is non-toxic and is biodegradable, which makes it suitable for a number of applications in the biomedical sector. In a number of studies, it has been observed that in addition to its antioxidant and wound healing properties, chitosan has the ability to kill bulk fungal species pathogenic to humans. In addition, chitosan nanoparticles are extensively used in drug and vaccine delivery, as an antimicrobial, and in tissue engineering.
Chitosan Market Competitive Landscape
Some of the leading players in the global chitosan market are Advanced Biopolymers AS, Agratech International Inc., AURA Biotechnologies Private Limited, ChitoLytic, G.T.C. Bio Corporation, KIMICA Corporation, KitoZyme SA, Marshall Marine Products, Norwegian Chitosan AS, Orison Chemicals Limited, Qingdao Yunzhou Biochemistry Co. Ltd., and STELLAR BIO-SOL.
Segmentation of the Global Chitosan Market
The research offers market size of the global chitosan market for the period 2014–2030.
Market Segmentation by Application
Market Segmentation by Geography
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