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Chitosan Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

Author : Ravi Chawat | Published Date : 2021-06-18 

Chitosan Market is poised to surpass USD 5.1 billion; according to a new research report.

Stringent environmental policies are being imposed by European Commission, which triggered increasing initiatives for waste water treatment in the region. According to European Commission, a total of USD 25 billion has been invested to achieve implementation of Urban Waste Water Treatment Development (UWWTD) in Europe. The aforementioned parameters will greatly impact product demand, owing to its wide-ranging applications in treating waste water, which in turn will have succeeding positive influence on the chitosan market by 2024.

Product is used as a flocculating agent for waste water treatment and as a chelating agent for removal of metal traces in waste water. Furthermore, Europe has an established frozen meat market, due to which food additives are in demand for preservation. For instance, food & beverage industry accounts for the third largest industry in Germany with more than 85 million consumers in Germany's retail food business in 2017. Product is widely applicable in making biodegradable films for packaging food, due to its non-toxicity, which will make notable contribution to the chitosan market by 2024.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/760

Strong competition from animal feed manufacturers who are also engaged in procuring shrimps, prawns, crabs, etc. to feed cattle, farm pigs, and other poultry animals as well as in aquaculture. It resulted in the higher demand for shrimp shells, escalating procurement cost due to bottleneck supply, which is probable to hinder the growth of chitosan market by 2024.

Chitosan attained from prawns market is expected to witness gains of approximately19% by 2024. Prawns are small aquatic crustaceans with an exoskeleton and ten legs. They are broadly used in the development of chitin via multistep process involving washing, blending, decalcification, deproteination, followed by deacetylation of Chitin to produce the final product. It finds wide-ranging applications in water treatment, agrochemical, food & beverage, personal care, healthcare, among various others. For instance, in the personal care industry, product is used to produce skin care, hair care as well as dental care products. Additionally, significant demand for organic, non-toxic ingredients in cosmetics is likely to make noteworthy contribution to the overall chitosan market by 2024.

According to end-user industry, chitosan market for agrochemical industry captured close to 20% of the global business size in 2017. It is mainly credited to product use in enhancing seed viability, increasing yield, and reducing decay of fruits and vegetables. Additionally, it is also used as fertilizer in the controlled agrochemical release to improve plant productivity. Rising research initiatives mainly in the BRIC nations to attain higher yield will have positive impact on the product demand and thereby driving chitosan market by 2024.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/chitosan-market

The major chitosan industry share players are: FMC Health & Nutrition, Primex, Panvo Organics, GTC Bio Corp., PT Biotech Surindo, KitoZyme, Golden-Shell Pharmaceutical, among various others. The company's in the business are making substantial contribution to enhance its portfolio to gain monopoly in the industry. For example, in April 2013, Primex ehf introduced a new product named LipoSan Ultra, a weight loss product to be used in beverages and functional foods.

Chitosan market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD thousand from 2013 to 2024, for the following segments:

Chitosan market, source by end-user

  • Shrimps
    • Water treatment
    • Cosmetic & toiletries
    • Food & beverage
    • Healthcare/Medical
    • Agrochemical
    • Biotechnology
    • Others
  • Prawns
    • Water treatment
    • Cosmetic & toiletries
    • Food & beverage
    • Healthcare/Medical
    • Agrochemical
    • Biotechnology
    • Others
  • Crabs
    • Water treatment
    • Cosmetic & toiletries
    • Food & beverage
    • Healthcare/Medical
    • Agrochemical
    • Biotechnology
    • Others
  • Lobster
    • Water treatment
    • Cosmetic & toiletries
    • Food & beverage
    • Healthcare/Medical
    • Agrochemical
    • Biotechnology
    • Others

Browse More News:

https://www.globenewswire.com/news-release/2017/12/07/1247361/0/en/Oxo-Alcohols-Market-to-exceed-20-bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2017/11/16/1193953/0/en/Industrial-Sludge-Treatment-Chemicals-Market-to-hit-7-5bn-by-2024-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2017/10/16/1147901/0/en/Alpha-Hydroxy-Acid-Market-to-cross-3bn-by-2024-Global-Market-Insights-Inc.html

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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