The Asia Pacific chitosan market size reached US$ 1.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific chitosan market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on grade, source and application.
Breakup by Grade:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Breakup by Source:
Breakup by Application:
- Water Treatment
- Food & Beverages
- Medical & Pharmaceuticals
Breakup by Country:
- South Korea
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Grade, Source, Application, Country
||China, Japan, India, South Korea, Australia, Indonesia, Others
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Key Questions Answered in This Report:
- How has the Asia Pacific chitosan market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific chitosan market?
- What are the key regional markets?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific chitosan market and who are the key players?
- What is the degree of competition in the industry?