The North America chitosan market size reached US$ 801 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,490 Million by 2028, exhibiting a growth rate (CAGR) of 10.6% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America 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:
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
||United States, Canada
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Key Questions Answered in This Report:
- How has the North America chitosan market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the North America 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 North America chitosan market and who are the key players?
- What is the degree of competition in the industry?