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The Asia Pacific chitosan market is currently witnessing moderate growth. Chitosan refers to a carbohydrate extracted from the outer shells of crustaceans, such as crabs, lobsters and shrimp. It is a rich source of fiber and is commonly used as a dietary supplement to block the absorption of fats and cholesterol. It is also used for treating various medical conditions, such as high blood pressure, anemia, kidney failure, insomnia and obesity. In pharmaceuticals, chitosan is used as a filler in tablets to improve the dissolvability of drugs and minimize the bitter taste. Chitosan is biodegradable, biocompatible and non-toxic and thus, it is extensively used in the cosmetics, agriculture, pharmaceutical and food and beverage industries.
The increasing preference for natural and organic products in place of chemically synthesized compounds for wastewater treatment is one of the key factors creating a positive outlook for the market. For instance, chitosan is widely used as a coagulant to extract the organic and inorganic compounds and as a chelating agent for extracting and removing toxic heavy metals present in the water. Furthermore, the increasing prevalence of cardiovascular diseases and obesity and rising consciousness regarding weight management among the masses is also contributing to market growth. Additionally, significant growth in the cosmetics industry is also creating a positive outlook for the market in the Asia Pacific region. Chitosan is used as an antimicrobial, film-forming and hydrating agent in various skin, oral and hair care products. Looking forward, IMARC Group expects the market to witness moderate growth during 2021-2026.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific chitosan market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, grade, source and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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