Europe Chitosan Market Dynamics and Trends by 2027

The Europe chitosan market was valued at US$ 348.97 million in 2018 and is projected to reach US$ 920.95 million by 2027, it is expected to grow at a CAGR of 11.4% during the forecast period.

Chitosan is a natural fibrous material derived from chitin. It is a substance produced in the outer shell of some shellfishes such as lobsters, crabs, and shrimps. Shrimps are considered to be major source of chitosan as they contain ~20–40% of chitin content, whereas crab shells contain ~15–20% chitin. Certain varieties of fungi have also been known to produce low amounts of chitin in their cell walls. However, the unavailability of an optimal procedure for commercial-scale chitin extraction from fungi makes it a less used source for obtaining chitosan. Chitosan is a rich fiber source and is increasingly being incorporated into dietary supplements for promoting weight loss asit blocks the absorption of cholesterol and dietary fats; therefore,it is being used in medicines to cure medical conditions such as high cholesterol, obesity, and Crohn’s disease. Chitosan is also directly applied on the gums to alleviate inflammation of gums.

In 2018, Germany contributed to the largest share of the Europe chitosan market. The market in Europe is witnessing growth on the back of the presence of well-established players. With the rise in health consciousness among the consumers in the region, the demand for food and beverages containing natural ingredients is expected to continue to grow during the forecast period. Owing to higher purchasing power of the consumers and rising preference for nutritional products, the popularity of the chitosan-enriched food products has increased in Germany, France, and the UK, among other European countries.

Effect of COVID-19 on Europe Chitosan Market

In December 2019, Wuhan (China) reported the emergence of COVID-19 outbreak, and since then, it has spread at a fast pace worldwide. As of March 2020, China, India, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The closedown of various industries, including chemicals and materials industry, and the disruptions in supply chains due to lockdowns have created a strain on the supplies of chemicals and materials. Europe has faced huge economic losses due to covid-19 outbreak. The impact would worsen depending upon the spread of the virus. Italy, Spain, Russia, France, and the UK have been badly hit by the pandemic. Europe is likely face severe losses in revenue from various industries. Other European Union member states have closed their borders and adopted different drastic measures, including travel restrictions, which, in turn, is anticipated to restrain in the market growth in this region in the coming financial quarters.

Europe Chitosan Market

Market Insights

Essential Properties of Chitosan

Chitosan is a natural polymer extracted from the outer skeletons or shells of shrimps, crabs, and lobsters. It is recognized as a versatile biomaterial as it is nontoxic, less allergenic, biodegradable, and biocompatible substance. Owing to these properties, it is used in a wide range of applications such as food & beverages, water treatment, medical and pharmaceuticals, cosmetics, and agrochemicals. Due to its adsorption abilities, chitosan can be used in water treatment applications to separate metals, iron, toxic substances, and other impurities from the wastewater through the adsorption process. The application of chitosan for water treatment is not only effective but also economical and environmentally friendly. Its antimicrobial activity, bioactivity, and anti-oxidative activity make it beneficial in several medical and pharmaceutical applications. The polymer is being used in a wide range of hair products, such as shampoos, hair colorants, rinses, hair sprays, hair tonics, permanent wave agents, and styling lotions.

Grade-Based Insights

Based on grade, the Europe chitosan market is segmented into industrial grade, food grade, and pharmaceutical grade. The industrial grade segment accounted for the largest share of the market in 2018; however, the market for the food grade segment is expected to grow at the highest CAGR during the forecast period. Offshore crabs and shrimps are basic sources used for the production of industrial-grade chitosan. This grade is versatile and due to its solubility, high density of positive charges, and reactive free amino groups that make it suitable for industrial applications. Chitosan also gathers attention as a potential natural food preservative owing to its superior antimicrobial activities against a wide variety of food-borne filamentous yeast, fungi, and bacteria. The properties such as good bioavailability, low toxicity, and average molecular weight of polymer make it suitable for pharmaceutical formulations.

Europe Chitosan Market, by Grade – 2018 and 2027

Application-Based Market Insights

Based on application, theEuropechitosanmarket is segmented into water treatment, food and beverages, biomedical and pharmaceuticals, cosmetics, and others. In 2018, the water treatment segment dominated market; whereas, the food and beverages segment is expected register the highest CAGR during 2019–2027.Chitosan and its composites possess biosorbent ability against common pollutants in wastewater ssuch as heavy ions, pesticides, suspended solids, turbidity, and fatty or oil impurities. The adsorption property of chitosan can be increased with the help of chemical modifications leading to the formation of grafting chitosan, chitosan derivatives, and chitosan composites. The antibacterial, antioxidant, and biological activities of chitosan, along with safety in terms of human consumption, support the application of chitosan in the food industry. Natural polymers possess high bioactivity and biocompatibility and are readily accepted by the human body. Chitosan possesses unique biological and technological properties, which leads to high demand for the same in the cosmetics industry. It is used as a skin, hair care ingredient; it is also used in oral hygiene products. The other applications of chitosan include oral healthcare, supplements, and insecticides.

Source-Based Market Insights

Based on source, the Europe chitosan market is segmented into shrimps, prawns, insects, crabs, and others. In 2018, the shrimps segment dominated the market, whereas the crabs segment is expected to register the highest CAGR during 2019–2027. Chitosan has natural existence in the shells of prawns, crabs, lobsters, shrimps, and many other organisms such as insects and fungi. It is mainly obtained from shrimps, particularly the pacific shrimps. Chitosan extracted from shrimps has been demonstrated to possess antimicrobial effect against some gut pathogenic organisms. It is a useful polymer that ends up forming structural components in the exoskeleton of prawns. Chitosan can also be produced from the waste crab shells. The process starts with the cleaning and drying of the shells. The dried shells are then crushed and mashed to get the outcome in powdered form.

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Europe Chitosan Market: Strategic Insights

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Product development, merger and acquisition, and business planning are the commonly adopted strategies by companies to expand their product portfolios. KitoSano S.L, KitoZyme LLC, and Primex EHF are among the Europe chitosan market players implementing these strategies to enlarge the customer base and gain significant share in the regional, as well as global, market, which, in turn, permits them maintain the brand name in these markets.

Report Spotlights

• Progressive industry trends in the Europe chitosan market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Europe chitosan market from 2017 to 2027
• Estimation of Europe chitosan demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the market competition in Europe
• Market trends and outlook, and factors driving and restraining the growth of the Europe chitosan market
• Decision-making process by understanding strategies that underpin commercial interest with regard to the market growth
• Europe chitosan market size at various nodes of market
• Detailed overview and segmentation of the Europe chitosan market, as well as dynamics in the industry
• Europe chitosan market size in various countries with promising growth opportunities in these countries

Europe Chitosan Market – By Grade

• Industrial Grade
• Food Grade
• Pharmaceutical Grade

Europe Chitosan Market – By Application

• Water Treatment
• Food and Beverages
• Biomedical and Pharmaceuticals
• Cosmetics
• Others

Europe Chitosan Market- By Source

• Shrimp
• Prawns
• Insects
• Crab
• Others

Company Profiles

• Advanced Biopolymers AS.
• KitoSano S.L.
• FMC Corporation
• Heppe Medical Chitosan GmbH
• KitoZymeLLC
• Primex EHF

Report Scope

Europe Chitosan Market Regional Insights

The regional trends and factors influencing the Europe Chitosan Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Europe Chitosan Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Europe Chitosan Market Report Scope

Europe Chitosan Market Players Density: Understanding Its Impact on Business Dynamics

The Europe Chitosan Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Europe Chitosan Market are:

1. Advanced Biopolymers AS
2. Kitosano SL
3. FMC Corporation
4. Heppe Medical Chitosan GmbH
5. Kitozyme LLC

Disclaimer: The companies listed above are not ranked in any particular order.