[Research Report] The chitosan market accounted for US$ 1,764.26 million in 2018 and is expected to grow at a CAGR of 11.5% from 2019 to 2027 to reach US$4,698.7 million by 2027.
MARKET ANALYSIS
Chitosan is a biocompatible and biodegradable polysaccharide, naturally derived from deacetylation of chitin, found in exoskeleton of crustacean and insects. Functional groups present in chitosan significantly impact its properties such as anti-microbial activity, pH stability, cationic nature, and mucoadhesion. Chitosan is available in various forms such as nanofibers, nanoparticles, nanocomposites, chitosan beads, and chitosan films. Chitosan is extensively used in pharmaceutical and biomedical sector. Furthermore, chitosan is highly researched for development of biomaterials and systems for tissue engineering and drugs development.
GROWTH DRIVERS AND CHALLENGES
Multi-functionality of chitosan and growing application of chitosan in personal care industry has aided the market growth of chitosan. Chitosan is a natural material extracted from the outer skeletons of shells of shrimps, crabs, and lobsters. It is recognized as a versatile biomaterial due to its non-toxicity, low allergenicity, biodegradability, and biocompatibility. Owing to these properties, it is used in a wide range of applications such as food & beverages, water treatment, medical & pharmaceuticals, cosmetics, and agrochemicals. Due to its tangible property of adsorption, chitosan has found a profound place in the water treatment application to adsorb metals, iron, toxic substances, and other impurities from the wastewater. Chitosan and its cationic derivatives have the potential to interact with keratin to form transparent, elastic films over hair. These films help in increasing hair strength, hair softness, and avoid hair damage. With the increasing demand for hair care products, the application of chitosan in haircare products is estimated to boost the market all over the globe. It has been estimated that the application of chitosan in the haircare and cosmetic products is estimated to be growing at a swift pace and will contribute to the expansion and development of the chitosan market all over the globe. Side effects of chitosan is expected to hinder the chitosan market growth during the forecast period. Chitosan is considered safe for consumption for mass population, when consumed orally or if applied to the skin. However, oral consumption of chitosan may cause mild stomach, upset, gas, or constipation. There is not enough information about the safety of chitosan consumption during pregnancy or breast-feeding, which has created a barrier for the chitosan market growth.
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Chitosan Market: Strategic Insights
Market Size Value in US$ 1,764.26 Million in 2018 Market Size Value by US$ 4,698.7 Million by 2027 Growth rate CAGR of 11.5% from 2019 to 2027 Forecast Period 2019-2027 Base Year 2019
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Chitosan Market: Strategic Insights
Market Size Value in | US$ 1,764.26 Million in 2018 |
Market Size Value by | US$ 4,698.7 Million by 2027 |
Growth rate | CAGR of 11.5% from 2019 to 2027 |
Forecast Period | 2019-2027 |
Base Year | 2019 |
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The "Global Chitosan Market Analysis to 2028" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by grade, source, application, and geography. The global chitosan market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of chitosan worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the chitosan market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the chitosan market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global chitosan market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The global chitosan market is segmented on the basis of grade, source, and application. Based on grade, the chitosan market is segmented as, industrial grade, food grade, and pharmaceutical grade. Based on source, the chitosan market is segmented as shrimp, prawns, insects, crab, and others. On the basis of application, the market is classified as, water treatment, food and beverages, biomedical and pharmaceuticals, cosmetics, and others. Based on grade, the industrial grade segment accounted for a significant share. Offshore crabs and shrimps are basic materials used for the production of chitosan of industrial grade. Chitosan is versatile and due to its solubility, high density of positive charges, and reactive free amino groups that make it suitable for industrial applications. Food grade chitosan is responsible for increasing the storage life of food products such as noodles, milk, rice cakes and seafood. Pharmaceutical grade chitosan is used in direct tablet compression as a tablet disintegrant for the purpose of improvement of drug dissolution or for the production of controlled release dosage forms. Based on source, shrimp segment accounted for a significant chitosan market share. Chitosan is mainly obtained from shrimps, particularly the pacific shrimp. The process of demineralization of shrimps leads to the production of chitosan. Chitosan derived from shrimps demonstrate antimicrobial effect against some gut pathogenic organisms. Extraction and depolymerization of chitin and chitosan from prawn shells are carried out using various chemical methods. The exoskeleton of chitin is mainly composed of chitin that is replaced periodically for the proper health and development of insects. Based on application, water treatment segment accounted for significant chitosan market share. Chitosan and its composites possess biosorbent ability that absorbs pollutants such as heavy ions, pesticides, suspended solids, turbidity, fatty or oil impurities from the wastewaters. 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 that are beneficial for the removal of impurities.
SEGMENT ANALYSIS – BY GRADE
REGIONAL ANALYSIS
The report provides a detailed overview of the global chitosan market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Asia Pacific accounted for a significant share of the market and valued at more than US$ 800 million in 2018. The surging demand for chitosan in the Asia Pacific is primarily driven by water treatment, food & beverages and pharmaceutical applications. Growing demand from manufacturing artificial skin and in wound dressing is also expected to positively impact the growth of the chitosan market in the Asia Pacific during the forecast period. North America is also expected to witness considerable growth valued at approximately US$ 370 million in 2018. In the North American pharmaceutical sector, chitosan is widely used as a drug delivery agent and contact lens production. Therefore, a wide range of applications of chitosan is driving the growth of the market in the North America. Chitosan has been gaining popularity in the Europe due to its extensive utilization in the pharmaceuticals & nutraceuticals, foods & beverages, and personal care & cosmetics applications. The consumption of chitosan, and chitosan-based food and supplement products are positively impacting the chitosan market growth. The functional food and beverages and nutritional benefits associated with chitosan-based products garnered an increasing inclination towards chitosan.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
The report provides a detailed overview of the global chitosan market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
In 2019, SuperBIO assisted KitoSano to partner with a red crayfish shell river provider (Spain), the byproducts of which can be reused to produce chitosan.
In 2020, KitoZyme introduced KiOsmetine, a patented range of non-animal chitosan for hair care, skincare, color cosmetics, deodorant, and oral care. KiOsmetine is made from fungi, valorizing co-products into high quality and high purity biopolymers displaying claims in wide applications.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The report provides a detailed overview of the global chitosan market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coronavirus outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverage industry is one of the major industries impacted by supply chain disruption, production facility shutdowns, due to pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East, and Africa has affected the global supply chain and negatively affected the manufacturing, delivery schedules, and sales of various goods. Industries such food & beverages, pharmaceuticals, cosmetics and personal care have been the major contributors to the demand of chitosan. In 2020, these industries had to slowed down their operations due to disruptions in value chains caused by restrictions on national and international boundaries. The shortage of manpower resulted in the decceleration of chitosan production and sales operations.
Moreover, COVID-19 restrictions and raw material shortage significantly reduced the chitosan production capacity significantly. However, the chitosan market began reviving in late 2020 due to major economy revival measures taken by governments, such as well-coordinated vaccination drives, COVID-recovery plans, policies and budgets. This is expected to provide the impetus for the resurgence of the chitosan market in the coming years.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the chitosan market include, Advanced Biopolymers AS, KitoSano SL, FMC Corporation, GTC Bio Corporation, Golden-Shell Pharmaceuticals, Heppe Medical Chitosan GmbH, Panvo Organics Pvt Ltd, Primex EHF, Qingdao Yunzhou Biochemistry Co Ltd, and Kitozyme LLC, among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade ; Application ; Source
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The highest share of industrial grade segment is primarily attributed to versatility of chitosan owing to its solubility, high density of positive charges, and reactive free amino groups that make it suitable for different industrial applications. Chitosan acts as a chelating agent and a heavy metal trapper. Besides, chitosan n-benzyl sulphonate derivatives are used as a sorbent to remove metal ions in acidic medium. Chitosan is used as a dye deepening agent in the textile industry. Since chitosan is a form of the cationic polymer, it is used as a suitable fixing agent for anionic dyes. Salt-free dyeing is also possible using chitosan with some other additives. Chitosan is widely used in the agricultural industry in the form of coatings for seed, leaf, fruit, and vegetable coating as a fertilizer. It is also applied in a controlled agrochemical release to stimulate the immunity of plants, increase the plant products and to protect the plants from microorganisms.
The major players operating in the global chitosan market are Advanced Biopolymers AS, Kitosano SL, FMC Corporation, GTC BioCorporation, Golden-Shell Pharmaceutical Co. Ltd., Heppe Medical Chitosan GmbH., Kitozyme LLC., Panvo Organics Pvt Ltd., Primex EHF, and Qingdao Yunzhou Biochemistry Co., Ltdamong many others.
In 2018, the chitosan market was predominant in Asia-Pacific at the global level. APAC continent comprises several developing economies such as Australia, China, India, Japan, South Korea, among others. These developed and developing countries are witnessing an upsurge in the middle-class population, along with rapid growth in urbanization, which offers ample opportunities for the key market players operating in the chitosan market. The chitosan market in the APAC region is growing at a faster pace owing to the ever-increasing disposable income of the middle-income group population. Consumers are willing to pay higher prices for healthy food products produced for natural ingredients such as chitosan. Moreover, rising concerns about healthy food due to the overweight and obese population as well as rising prevalence of chronic diseases, such as diabetes, hypertension, cardiac issues, and orthopedic diseases, are a few more factors driving the chitosan market in this region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Chitosan Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
4.4 Pricing Analysis of Chitosan at Manufacturing and Distribution Level
4.5 Overview of the Sales Channels of Chitosan
5. Chitosan Market –Market Dynamics
5.1 Market Drivers
5.1.1 Essential Properties of Chitosan
5.1.2 Importance of Chitosan in the Human Nutrition Industry
5.2 Market Restraints
5.2.1 Side Effects of Chitosan
5.3 Market Opportunities
5.3.1 Increasing awareness of chitosan
5.4 Future Trends
5.4.1 Growing Demand of Chitosan in North America and Europe
5.5 Impact Analysis of Drivers and Restraints
6. Chitosan– Global Market Analysis
6.1 Chitosan Market Overview
6.2 Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning – Key Market Players
7. Chitosan Market Analysis – By Grade
7.1 Overview
7.2 Chitosan Market, By Grade (2018 and 2027)
7.3 Industrial Grade
7.3.1 Overview
7.3.1.1 Industrial Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Food Grade
7.4.1 Overview
7.4.1.1 Food Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
7.5 Pharmaceutical Grade
7.5.1 Overview
7.5.1.1 Pharmaceutical Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
8. Chitosan Market Analysis – By Application
8.1 Overview
8.2 Chitosan Market, By Application (2018 and 2027)
8.3 Water Treatment
8.3.1 Overview
8.3.1.1 Water Treatment: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Food and Beverages
8.4.1 Overview
8.4.1.1 Food and Beverages: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Biomedical and Pharmaceuticals
8.5.1 Overview
8.5.1.1 Biomedical and Pharmaceuticals: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Cosmetics
8.6.1 Overview
8.6.1.1 Cosmetics: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.1.1 Others: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
9. Chitosan Market Analysis – By Source
9.1 Overview
9.2 Chitosan Market, By Source (2018 and 2027)
9.3 Shrimp
9.3.1 Overview
9.3.1.1 Shrimp: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
9.4 Prawns
9.4.1 Overview
9.4.1.1 Prawns: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
9.5 Insects
9.5.1 Overview
9.5.1.1 Insects: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
9.6 Crab
9.6.1 Overview
9.6.1.1 Crab: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.1.1 Others: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
10. Chitosan Market – Geographic Analysis
10.1 Overview
10.2 North America: Chitosan Market
10.2.1 North America: Chitosan Market – Revenue and Forecast to 2027(US$ Mn)
10.2.2 North America: Chitosan Market, by Grade
10.2.3 North America: Chitosan Market, by Application
10.2.4 North America: Chitosan Market, by Source
10.2.5 North America: Chitosan Market, by Key Country
10.2.5.1 US: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.1.1 US: Chitosan Market, by Grade
10.2.5.1.2 US: Chitosan Market, by Application
10.2.5.1.3 US: Chitosan Market, by Source
10.2.5.2 Canada: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.2.1 Canada: Chitosan Market, by Grade
10.2.5.2.2 Canada: Chitosan Market, by Application
10.2.5.2.3 Canada: Chitosan Market, by Source
10.2.5.3 Mexico: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.3.1 Mexico: Chitosan Market, by Grade
10.2.5.3.2 Mexico: Chitosan Market, by Application
10.2.5.3.3 Mexico: Chitosan Market, by Source
10.3 Europe: Chitosan Market
10.3.1 Europe: Chitosan Market – Revenue and Forecast to 2027(US$ Mn)
10.3.2 Europe: Chitosan Market, by Grade
10.3.3 Europe: Chitosan Market, by Application
10.3.4 Europe: Chitosan Market, by Source
10.3.5 Europe: Chitosan Market, by Key Country
10.3.5.1 Germany: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 Germany: Chitosan Market, by Grade
10.3.5.1.2 Germany: Chitosan Market, by Application
10.3.5.1.3 Germany: Chitosan Market, by Source
10.3.5.2 France: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 France: Chitosan Market, by Grade
10.3.5.2.2 France: Chitosan Market, by Application
10.3.5.2.3 France: Chitosan Market, by Source
10.3.5.3 Italy: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 Italy: Chitosan Market, by Grade
10.3.5.3.2 Italy: Chitosan Market, by Application
10.3.5.3.3 Italy: Chitosan Market, by Source
10.3.5.4 UK: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 UK: Chitosan Market, by Grade
10.3.5.4.2 UK: Chitosan Market, by Application
10.3.5.4.3 UK: Chitosan Market, by Source
10.3.5.5 Spain: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 Spain: Chitosan Market, by Grade
10.3.5.5.2 Spain: Chitosan Market, by Application
10.3.5.5.3 Spain: Chitosan Market, by Source
10.3.5.5.4 Spain: Chitosan Market Drivers
10.3.5.5.4.1 Rising awareness about health in Spain to boost the chitosan market
10.3.5.5.5 Spain: Chitosan Market Restraints
10.3.5.5.5.1 Regulations and seafood processing challenges are expected to hinder market growth
10.3.5.5.6 Spain: Competitor Analysis for Chitosan
10.3.5.6 Rest of Europe: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe: Chitosan Market, by Grade
10.3.5.6.2 Rest of Europe: Chitosan Market, by Application
10.3.5.6.3 Rest of Europe: Chitosan Market, by Source
10.4 APAC: Chitosan Market
10.4.1 APAC: Chitosan Market – Revenue and Forecast to 2027(US$ Mn)
10.4.2 APAC: Chitosan Market, by Grade
10.4.3 APAC: Chitosan Market, by Application
10.4.4 APAC: Chitosan Market, by Source
10.4.5 APAC: Chitosan Market, by Key Country
10.4.5.1 Australia: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.1.1 Australia: Chitosan Market, by Grade
10.4.5.1.2 Australia: Chitosan Market, by Application
10.4.5.1.3 Australia: Chitosan Market, by Source
10.4.5.2 China: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.2.1 China: Chitosan Market, by Grade
10.4.5.2.2 China: Chitosan Market, by Application
10.4.5.2.3 China: Chitosan Market, by Source
10.4.5.3 India: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.3.1 India: Chitosan Market, by Grade
10.4.5.3.2 India: Chitosan Market, by Application
10.4.5.3.3 India: Chitosan Market, by Source
10.4.5.4 Japan: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.4.1 Japan: Chitosan Market, by Grade
10.4.5.4.2 Japan: Chitosan Market, by Application
10.4.5.4.3 Japan: Chitosan Market, by Source
10.4.5.5 South Korea: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.5.1 South Korea: Chitosan Market, by Grade
10.4.5.5.2 South Korea: Chitosan Market, by Application
10.4.5.5.3 South Korea: Chitosan Market, by Source
10.4.5.6 Rest of APAC: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.4.5.6.1 Rest of APAC: Chitosan Market, by Grade
10.4.5.6.2 Rest of APAC: Chitosan Market, by Application
10.4.5.6.3 Rest of APAC: Chitosan Market, by Source
10.5 MEA: Chitosan Market
10.5.1 MEA: Chitosan Market – Revenue and Forecast to 2027(US$ Mn)
10.5.2 MEA: Chitosan Market, by Grade
10.5.3 MEA: Chitosan Market, by Application
10.5.4 MEA: Chitosan Market, by Source
10.5.5 MEA: Chitosan Market, by Key Country
10.5.5.1 South Africa: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.1.1 South Africa: Chitosan Market, by Grade
10.5.5.1.2 South Africa: Chitosan Market, by Application
10.5.5.1.3 South Africa: Chitosan Market, by Source
10.5.5.2 Saudi Arabia: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia: Chitosan Market, by Grade
10.5.5.2.2 Saudi Arabia: Chitosan Market, by Application
10.5.5.2.3 Saudi Arabia: Chitosan Market, by Source
10.5.5.3 UAE: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.3.1 UAE: Chitosan Market, by Grade
10.5.5.3.2 UAE: Chitosan Market, by Application
10.5.5.3.3 UAE: Chitosan Market, by Source
10.5.5.4 Rest of MEA: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.4.1 Rest of MEA: Chitosan Market, by Grade
10.5.5.4.2 Rest of MEA: Chitosan Market, by Application
10.5.5.4.3 Rest of MEA: Chitosan Market, by Source
10.6 SAM: Chitosan Market
10.6.1 SAM: Chitosan Market – Revenue and Forecast to 2027(US$ Mn)
10.6.2 SAM: Chitosan Market, by Grade
10.6.3 SAM: Chitosan Market, by Application
10.6.4 SAM: Chitosan Market, by Source
10.6.5 SAM: Chitosan Market, by Key Country
10.6.5.1 Brazil: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.1.1 Brazil: Chitosan Market, by Grade
10.6.5.1.2 Brazil: Chitosan Market, by Application
10.6.5.1.3 Brazil: Chitosan Market, by Source
10.6.5.2 Argentina: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.2.1 Argentina: Chitosan Market, by Grade
10.6.5.2.2 Argentina: Chitosan Market, by Application
10.6.5.2.3 Argentina: Chitosan Market, by Source
10.6.5.3 Rest of SAM: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
10.6.5.3.1 Rest of SAM: Chitosan Market, by Grade
10.6.5.3.2 Rest of SAM: Chitosan Market, by Application
10.6.5.3.3 Rest of SAM: Chitosan Market, by Source
11. Impact of COVID-19 Pandemic on Global Chitosan Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact assessment of COVID-19 Pandemic
11.6 South America: Impact assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Advanced Biopolymers AS
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 KitoSano S.L.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 FMC Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 G.T.C. Bio Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Golden-Shell Pharmaceutical
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Heppe Medical Chitosan GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Kitozyme, LLC.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Panvo Organics Pvt Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Primex EHF
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Qingdao Yunzhou Biochemistry Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 3. North America Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 4. North America Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 5. US Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 6. US Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 7. US Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 8. Canada Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 9. Canada Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 10. Canada Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 11. Mexico Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 12. Mexico Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 13. Mexico Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 14. Europe Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 15. Europe Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 16. Europe Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 17. Germany Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 18. Germany Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 19. Germany Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 20. France Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 21. France Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 22. France Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 23. Italy Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 24. Italy Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 25. Italy Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 26. UK Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 27. UK Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 28. UK Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)9
Table 29. Spain Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 30. Spain Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 31. Spain Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 32. Rest of Europe Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 33. Rest of Europe Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 34. Rest of Europe Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 35. APAC Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 36. APAC Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 37. APAC Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 38. Australia Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 39. Australia Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 40. Australia Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 41. China Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 42. China Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 43. China Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 44. India Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 45. India Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 46. India Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 47. Japan Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 48. Japan Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 49. Japan Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 50. South Korea Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 51. South Korea Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 52. South Korea Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 53. Rest of APAC Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 54. Rest of APAC Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 55. Rest of APAC Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 56. MEA Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 57. MEA Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 58. MEA Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 59. South Africa Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 60. South Africa Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 61. South Africa Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 62. Saudi Arabia Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 63. Saudi Arabia Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 64. Saudi Arabia Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 65. UAE Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 66. UAE Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 67. UAE Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 68. Rest of MEA Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 69. Rest of MEA Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 70. Rest of MEA Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 71. SAM Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 72. SAM Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 73. SAM Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 74. Brazil Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 75. Brazil Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 76. Brazil Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 77. Argentina Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 78. Argentina Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 79. Argentina Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 80. Rest of SAM Chitosan Market, by Grade – Revenue and Forecast to 2027 (USD Mn)
Table 81. Rest of SAM Chitosan Market, by Application– Revenue and Forecast to 2027 (USD Mn)
Table 82. Rest of SAM Chitosan Market, by Source– Revenue and Forecast to 2027 (USD Mn)
Table 83. Glossary of Terms, Global Chitosan Market
LIST OF FIGURES
Figure 1. Chitosan Market Segmentation
Figure 2. Chitosan Market Segmentation – By Geography
Figure 3. Global Chitosan Market Overview
Figure 4. The Industrial Grade Segment Held Largest Share of Global Chitosan Market By Grade
Figure 5. Asia Pacific Region Held Largest Share of Global Chitosan Market
Figure 6. Global Chitosan Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Chitosan Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Chitosan Market
Figure 15. Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 17. Industrial Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 18. Food Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 19. Pharmaceutical Grade: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 20. Chitosan Market Revenue Share, by Application (2018 and 2027)
Figure 21. Water Treatment: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 22. Food and Beverages: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Biomedical and Pharmaceuticals: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Cosmetics: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Others: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Chitosan Market Revenue Share, by Source (2018 and 2027)
Figure 27. Shrimp: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 28. Prawns: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 29. Insects: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 30. Crab: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 31. Others: Chitosan Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 32. Global Chitosan Market Revenue Share, by Region (2018 and 2027)
Figure 33. North America: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 34. North America: Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 35. North America: Chitosan Market Revenue Share, by Application (2018 and 2027)
Figure 36. North America: Chitosan Market Revenue Share, by Source(2018 and 2027)
Figure 37. North America: Chitosan Market Revenue Share, by Key Country (2018 and 2027)
Figure 38. US: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 39. Canada: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 40. Mexico: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 41. Europe: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 42. Europe: Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 43. Europe: Chitosan Market Revenue Share, by Application (2018 and 2027)
Figure 44. Europe: Chitosan Market Revenue Share, by Source (2018 and 2027)
Figure 45. Europe: Chitosan Market Revenue Share, by Key Country (2018 and 2027)
Figure 46. Germany: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 47. France: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 48. Italy: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 49. UK: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 50. Spain: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 51. Rest of Europe: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 52. APAC: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 53. APAC: Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 54. APAC: Chitosan Market Revenue Share, by Application(2018 and 2027)
Figure 55. APAC: Chitosan Market Revenue Share, by Source(2018 and 2027)
Figure 56. APAC: Chitosan Market Revenue Share, by Key Country (2018 and 2027)
Figure 57. Australia: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 58. China: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 59. India: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 60. Japan: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 61. South Korea: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 62. Rest of APAC: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 63. MEA: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 64. MEA: Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 65. MEA: Chitosan Market Revenue Share, by Application (2018 and 2027)
Figure 66. MEA: Chitosan Market Revenue Share, by Source (2018 and 2027)
Figure 67. MEA: Chitosan Market Revenue Share, by Key Country (2018 and 2027)
Figure 68. South Africa: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 69. Saudi Arabia: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 70. UAE: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 71. Rest of MEA: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 72. SAM: Chitosan Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 73. SAM: Chitosan Market Revenue Share, by Grade (2018 and 2027)
Figure 74. SAM: Chitosan Market Revenue Share, by Application(2018 and 2027)
Figure 75. SAM: Chitosan Market Revenue Share, by Source(2018 and 2027)
Figure 76. SAM: Chitosan Market Revenue Share, by Key Country (2018 and 2027)
Figure 77. Brazil: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 78. Argentina: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 79. Rest of SAM: Chitosan Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 80. Impact of COVID-19 Pandemic In North American Country Markets
Figure 81. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 82. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 83. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 84. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Chitosan Market
- Advanced Biopolymers AS
- KitoSano S.L.
- FMC Corporation
- G.T.C. Bio Corporation
- Golden-Shell Pharmaceutical
- Heppe Medical Chitosan GmbH
- Kitozyme, LLC.
- Panvo Organics Pvt Ltd
- Primex EHF
- Qingdao Yunzhou Biochemistry Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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