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The North America chitosan market is currently witnessing moderate growth. Chitosan refers to a fibrous substance derived from chitin and outer shells of crustaceans, such as lobsters, crabs and shrimps. It is effective in the treatment of various medical conditions, including high blood pressure and cholesterol, obesity, anemia, and insomnia. It is also used in medicines as a filler to enhance the dissolvability of the drugs and improve the taste. Chitosan also exhibits various advantageous properties, such as biodegradability, biocompatibility, reactivity and non-toxicity. As a result, it is extensively used across the cosmetics, agriculture, pharmaceutical and food and beverage industries.
The increasing demand for chitosan from the water treatment industry due to the growing demand for clean and potable water in the North American region is one of the key factors creating a positive outlook for the market. Chitosan acts as a non-allergic agent that aids in removing pesticides and surfactants present in the water. Moreover, the rising prevalence of chronic lifestyle diseases and the increasing consciousness among the masses to manage weight and obesity are some of the other growth-inducing factors. Chitosan acts as a chelating agent and assists in blocking the absorption of fats to reduce body weight. As a result, it is widely used in dietary supplements and pharmaceutical drugs, thereby contributing to the market growth. Other factors, including the growing demand for cosmetics and personal care products manufactured using natural ingredients, are anticipated to drive the market further. 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 North America 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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