Market Overview:
The global chitosan market reached a value of US$ 685.5 Million in 2019. Chitosan is a naturally occurring deacetylated chitin which is extracted from the hard outer-skeleton or shells of shrimps, crabs and lobsters, along with mushrooms and yeasts. It is primarily used as an ingredient in medicines for treating various conditions, such as kidney failure, obesity, anemia, high cholesterol levels, hyperphosphatemia, insomnia and Crohn’s disease. In the pharmaceutical manufacturing sector, chitosan is utilized in the development of edible films; as a filler in tablets; a carrier in controlled-release drugs and to improve the dissolvability of certain medicinal salts. Having antibacterial and antifungal properties, chitosan is extensively used as a natural antimicrobial agent in the cosmetics, agricultural and food industries.
The growing pharmaceutical industry, along with the increasing requirement for wastewater treatment across the globe represent the key factors driving the growth of the market. In the pharmaceutical industry, chitosan being a biomaterial with antibacterial and antimicrobial properties is gaining demand in the production of biomedical and tissue regeneration devices, hemodialysis membranes, and implant coatings for drug delivery systems. Furthermore, its demand is also increasing in the water treatment plants for eliminating impurities present in the industrial, municipal, and commercial waste, including heavy minerals, phosphorous and oils. It is also used as a flocculating, coagulating, and chelating agent, which is further acting as a major growth-inducing factor. Additionally, owing to its non-toxic nature, chitosan is increasingly being adopted as a food additive and dietary supplement. Other factors contributing to the market growth include various government policies aimed to improve the quality of surface, ground and drinking water, coupled with the enhanced research and development (R&D) to develop chitosan from non-aquatic sources. Looking forward, IMARC Group expects the market to reach a value of US$ 1,338.7 Million by 2025, registering a CAGR of 11.8% during 2020-2025.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chitosan market report, along with forecasts for growth at the global, regional, and country-level from 2020-2025. Our report has categorized the market based on region, grade, source, and application.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Grade:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
- Market Breakup by Source:
- Shrimp
- Crab
- Squid
- Krill
- Others
- Market Breakup by Application:
- Water Treatment
- Food & Beverages
- Cosmetics
- Medical & Pharmaceuticals
- Agrochemicals
- Others
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Primex EHF, Heppe Medical Chitosan, Advanced Biopolymers AS, Meron Biopolymers, Kitozyme, Golden-Shell Biochemical, FMC Corporation, Agratech, Axio Biosolutions, Marshall Marine Products, etc.
Key Questions Answered in This Report:
The global chitosan market was worth around US$ 685.5 Million in 2019.
According to the estimates by IMARC Group, the global chitosan market will exhibit robust growth during the next five years.
Chitosan is extensively utilized in the manufacturing of biomedical and tissue regeneration devices and implant coatings for drug delivery systems. This, in confluence with the burgeoning pharmaceutical industry, is driving the chitosan market.
The growing utilization of chitosan in wastewater treatment for removing toxic impurities discharged from municipal, industrial and commercial waste represents one of the significant trends in the market.
Due to the sudden outbreak of the coronavirus disease (COVID-19), travel restrictions and lockdowns have been imposed by governments of numerous countries. As a result, the sales of fish and fish products have declined over the past few months. Since chitosan is obtained from the hard exoskeleton of crabs, shrimps and lobsters, the market has experienced a negative impact on account of the pandemic.
On the basis of the grade, the market has been segmented into the industrial, food and pharmaceutical segments.
Based on the source, the market has been segregated into shrimp, crab, squid, krill and others.
The market has been analyzed on the basis of the application into water treatment, food and beverages, cosmetics, medical and pharmaceuticals, agrochemicals, and others.
On the geographical front, the market has been classified into Asia Pacific, North America, Europe, Latin America, and Middle East and Africa.
Leading industry players are Primex EHF, Heppe Medical Chitosan GmbH, Meron Group, KitoZyme SA, Golden-Shell Pharmaceutical Co. Ltd., FMC Corporation, Agra Tech, Inc., Axio Biosolutions Pvt Ltd and Marshall Marine Products.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chitosan Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Grade
5.4 Market Breakup by Source
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Grade
9.1 Industrial Grade
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Food Grade
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical Grade
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Source
10.1 Shrimp
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Crab
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Squid
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Krill
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Application
11.1 Water Treatment
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Food & Beverages
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Cosmetics
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Medical & Pharmaceuticals
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Agrochemicals
11.5.1 Market Trends
11.5.2 Market Forecast
11.6 Others
11.6.1 Market Trends
11.6.2 Market Forecast
12 Market Breakup by Region
12.1 Asia Pacific
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Europe
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 North America
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Middle East and Africa
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Latin America
12.5.1 Market Trends
12.5.2 Market Forecast
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Primex EHF
14.3.2 Heppe Medical Chitosan
14.3.3 Meron Biopolymers
14.3.4 Kitozyme
14.3.5 Golden-Shell Biochemical
14.3.6 FMC Corporation
14.3.7 Agratech
14.3.8 Axio Biosolutions
14.3.9 Marshall Marine Products
List of Figures
Figure 1: Global: Chitosan Market: Major Drivers and Challenges
Figure 2: Global: Chitosan Market: Sales Value (in Million US$), 2014-2019
Figure 3: Global: Chitosan Market: Breakup by Grade (in %), 2019
Figure 4: Global: Chitosan Market: Breakup by Source (in %), 2019
Figure 5: Global: Chitosan Market: Breakup by Application (in %), 2019
Figure 6: Global: Chitosan Market: Breakup by Region (in %), 2019
Figure 7: Global: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 8: Global: Chitosan Industry: SWOT Analysis
Figure 9: Global: Chitosan Industry: Value Chain Analysis
Figure 10: Global: Chitosan Industry: Porter’s Five Forces Analysis
Figure 11: Global: Chitosan (Industrial Grade) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Chitosan (Industrial Grade) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Chitosan (Food Grade) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Chitosan (Food Grade) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Chitosan (Pharmaceutical Grade) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Chitosan (Pharmaceutical Grade) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Chitosan (Shrimp) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Chitosan (Shrimp) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Chitosan (Crab) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Chitosan (Crab) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Chitosan (Squid) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Chitosan (Squid) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Chitosan (Krill) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Chitosan (Krill) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Chitosan (Other Sources) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Chitosan (Other Sources) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Chitosan (Water Treatment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Chitosan (Water Treatment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Chitosan (Food & Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Chitosan (Food & Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Chitosan (Cosmetics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Chitosan (Cosmetics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Chitosan (Medical & Pharmaceuticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Chitosan (Medical & Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Chitosan (Agrochemicals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Chitosan (Agrochemicals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Chitosan (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Chitosan (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Asia Pacific: Chitosan Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Asia Pacific: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Europe: Chitosan Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Europe: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: North America: Chitosan Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: North America: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Middle East and Africa: Chitosan Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Middle East and Africa: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Latin America: Chitosan Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Latin America: Chitosan Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Chitosan Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Chitosan Market Forecast: Breakup by Grade (in Million US$), 2020-2025
Table 3: Global: Chitosan Market Forecast: Breakup by Source (in Million US$), 2020-2025
Table 4: Global: Chitosan Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Chitosan Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Chitosan Market Structure
Table 7: Global: Chitosan Market: Key Players