Chitosan Market Top Players 2021 – Advanced Biopolymers AS, Yunzhou Biochemistry Co., Biophrame Technologies

The Global Chitosan Market size is estimated to be USD 6.90 billion in 2019 and is predicted to reach USD 43.00 billion by 2030 with a CAGR of 18.10% from 2020-2030.

A kind of sugar that is found from the outer hard skeleton of shellfish such as crab, shrimp and lobster is called as chitosan. It is used in medicines in order to cure diseases such as obesity, Crohn’s disease, and high cholesterol. Chitosan from chitin can be achieved through both chemical and biological method. Chemical deacetylation is the most common commercial technique used for the production of chitosan. It is manufacturing is a simple process and there is no standard method accessible for the purification of the product.

By using the chitosan, kidney failure problems and the complications can be cured. Moreover, chitosan is directly applied to the gums to treat the inflammation in the case of complications such as high cholesterol, insomnia, anemia, etc. The majority of the chitosan manufactured from various methods has different physical properties including viscosity, color, and density. Additionally, purity of the product differs from one manufacturer to another and manufactured chitosan is marketed under various grades including pharmaceutical, industrial, and food. It is used as an ingredient in the products of hair care, dental care, and skin care products. It also has good skin moisturizing property thus used in various skin care products.

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Top Companies: Advanced Biopolymers AS, Yunzhou Biochemistry Co., Biophrame Technologies, Koyo World (Hong Kong) Co. Ltd., United Chito technologies Inc., Dainichiseika Color & Chemicals Mfg. Co. Ltd., FMC Corporation, Kraeber & Co. GmbH, Agratech LLC and others.

Market Dynamics and Trends:

Rising demand for frozen and packaged food products across the globe owing to changing consumer eating habits coupled with increase in the spending capacities is anticipated to boost the demand during the forecast period. Furthermore, growing demand for the product in waste water treatment to eliminate impurities including heavy minerals, oil, and phosphorous is estimated to be the key factor for propelling the growth of market in the upcoming years. However, high cost of the raw materials for the manufacturing is anticipated to hamper the market growth in the coming years.

The industry has abundant players, however, a majority of them are small scale and give their product offerings in the local market. Moreover, rising support for the fishery industry across various parts of the globe is projected to ease raw material availability, thus driving the production volumes. Ease of raw material availability coupled with growing application scope for different grades of the product in applications including food & beverage, pharmaceutical, and cosmetics is anticipated to open new opportunities for the market entrants during the forecast period.

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Market Segmentations and Scope of the Study:

The global chitosan market share is analyzed on the basis of application, and geography. According to the application, the market is classified into the water treatment, pharmaceutical & biomedical, cosmetics, food & beverage, and others. The regional analysis of chitosan market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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