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How significant will food and beverage industry be in bolstering chitosan market share?

Author : Ravi Chawat | Published Date : 2020-09-11 

Chitosan market forecast appears to be sanguine as chitosan has innate potentiality for application in food technology in the wake of its non-toxicity, biocompatibility, tremendous film forming ability and ephemeral biodegradability. Chitosan is highly sought-after in food and beverage industry that incorporates immobilization of enzymes, formation of biodegradable films & coatings, among others. Researchers are increasingly developing edible alternatives made of chitosan to do away with plastic in the food and animal feed industries

Researchers from the National University of Singapore (NUS) introduced an environmentally friendly food packaging material in 2016, which is purportedly free from chemical additives. The novel food packaging material transpired after fortifying natural chitosan-based composite film with grapefruit seed extract (GFSE). Researchers claim the highly anticipated food packaging material can derail fungal growth and increase the shelf-life of perishable food by two-fold.

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

A notable boom of interest in chitosan has become palpable with marine resources getting recognition for having unparalleled potential applications in a myriad of industries. In recent years, chitosan has been receiving notable attention in food & beverage industry, aquaculture, agrochemical, cosmetics and biotechnology, to name a few.

Of late, stakeholders are infusing investments in cosmeceuticals and nutraceuticals to expand their consumer base. Popular as a versatile biomaterial on the heels of their low allergenicity, non-toxicity, biodegradability and biocompatibility, investment in chitosan industry is likely to surge in the next five years. In the latest research report, Global Market Insights, Inc., has projected chitosan industry to provide US$5.1 billion market size opportunity by 2024.

Elaborating further, chitosan is also marking its remarkable presence in the realm of food packaging. As per credible sources, Europe holds a predominant stance in frozen meat industry allowing the massive traction of food additives for preservation. As a matter of fact, food and beverages industry emerges as the third largest market in Germany housing over 85 million consumers. Chitosan across this industry is vividly used in the production of biodegradable films for packaging foods owing to its in-toxic nature.

On the other hand, the MEA region for chitosan market is poised to witness a massive growth rate of 19.5 per cent over 2018-2024 perhaps attributing to the expanding initiatives by the regional governments towards the water treatment technologies. Backed by this, the UAE government has undertaken an oath to bring about the awareness towards cleanliness and maintenance of healthy environment across the region. MEA chitosan market trends are also witnessing fluctuating gains due to the burgeoning food and beverage industry to suffice the huge population base.

The worldwide chitosan industry is highly consolidated and faces fierce competition from myriad animal feed manufacturers who are keenly looking forward to acquiring the sea animals like the shrimps, prawns and crabs to feed poultry. However, this is promoting the increased demands for shrimp cells and high purchasing costs which is likely to obstruct the growth dynamics of chitosan market.

Segmented as per the source type, chitosan market size from prawns segment may register a CAGR of 19 per cent through 2024. Prawns being small aquatic creatures are expansively used in the development of chitin through a multistep process including washing, bending, deproteination, to further produce the end product. Prawn sourced chitosan finds large scale applications in wastewater treatment, food and beverage, agrochemical, healthcare, and other sectors.

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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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