The global chitosan market size is expected to reach USD 6.82 billion by 2030, according to a new study by Polaris Market Research. The report “Chitosan Market Share, Size, Trends, Industry Analysis Report, By Application (Water Treatment, Cosmetics & Toiletries, Food & Beverage, Healthcare/Medical, Agrochemical, Biotechnology, Others); By Source; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Chitosan-based packaging will be used in the food and beverage industry because of its rapid growth and the rising need for sophisticated food packaging with eco-friendly qualities. Its capacity to form films makes it useful for immobilizing enzymes and creating biodegradable films and coatings.
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Due to its antibacterial properties, the substance is frequently employed as a food preservative and shelf-life extender. The market for natural ingredients is anticipated to increase due to growing awareness of the negative effects of chemical pesticides and a rise in the desire for environmentally friendly crop disease management techniques.
The substance is primarily used in fruit and vegetable coatings, seed coatings, and as a fertilizer to limit pesticide release, which in turn promotes plant immunity and increases plant output. The substance also has antibacterial and antifungal qualities that are very efficient against diseases carried by seeds. It preserves seed characteristics by creating physical barriers surrounding the seed surface during seed treatment.
Furthermore, due to its effects on hypocholesterolemia, the product is now extensively used as a dietary supplement for weight loss. Rising youth health concerns have sparked demand for dietary supplements, particularly in the U.S. and European nations.
This need will increase product market demand and so probably contribute to the overall size of the market throughout the projected period. In addition, the food and beverage industry’s demand is anticipated to be significantly influenced by its capacity to boost immunity, lower blood sugar, and lower blood pressure.
Shrimp, crabs, prawns, lobsters, and other aquatic creatures contain chitosan, a long-chain polymer. Due to its utilization in several end-user sectors, such as water treatment, healthcare, food & beverage, cosmetics, and others, the global market is expanding. Improvements in functional materials have also led to better clinical results. A naturally occurring substance with high bioactivity, biocompatibility, and bioavailability is chitosan. It has been demonstrated that adding chitosan to traditional medicine dramatically boosts its ability to fight infections.
Chitosan Market Report Highlights
- Wastewater treatment is anticipated to grow at a significant CAGR rate over the forecast period owing to the rising need for drinking water in many nations, chitosan is becoming more and more in demand for wastewater treatment
- Biotechnology industry accounted for a significant share of the global revenue share which is accelerated by the rising demand for these products from this industry due to the rising investments by the major players. It is a crucial component in the synthesis of several chemicals, including pharmaceuticals and experiment materials. Chitosan has recently become popular in the food and beverage industry for several uses
- Asia Pacific is expected to grow at a prominent rate over the projected period due to China’s and India’s growing need for drinkable water
- The global market is highly competitive owing to the existence of large market players with a global presence including Austanz Chitin Pty Limited, KitoZyme S.A. KIMICA Corporation, Kraeber & Co. GmbH, Qingdao Haijia Biology and Technology Co. Ltd, and Xianju Tengwang Chitosan Factory
Polaris Market Research has segmented the chitosan market report based on source, application, and region:
Chitosan, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Water Treatment
- Cosmetics & Toiletries
- Food & Beverage
Chitosan, Source Outlook (Revenue – USD Billion, 2018 – 2030)
Chitosan, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa