The global chitosan market size is expected to experience substantial growth owing to the increasing prevalence of chronic disease and the growing demand for cosmetics that boosts the demand for the product across the globe. This information is published by Fortune Business Insights, in its upcoming report,

The pandemic situation, owing to the novel coronavirus has kept the world economy reeling and mostly negative. The effects were felt on the industrial sector as the halt of operations led to a complete disruption in the supply chain of the products. However, the increasing demand for bio-based organic food products and dietary supplements are driving the companies to resume operations by practicing all the required safety measures.

Chitosan is a natural polysaccharide derived from chitin, which is found in the exoskeletons of crustaceans like shrimp, crabs, and other shellfish. Chitosan has various applications across different industries, including agriculture, water treatment, cosmetics, pharmaceuticals, and food and beverages.

Here are some key points related to the Chitosan market:

1. Applications:

   • Water Treatment: Chitosan is used for water purification, as it can effectively bind to impurities and heavy metals.

   • Agriculture: Chitosan is utilized in agriculture as a biopesticide and plant growth enhancer. It has the potential to improve crop yield and protect plants from various diseases.

   • Medical and Pharmaceuticals: Chitosan is employed in wound healing, drug delivery systems, and in the development of medical textiles.

   • Food and Beverages: Chitosan is used as a food additive, particularly for its ability to act as a thickening or gelling agent. It is also explored for its potential to extend the shelf life of certain food products.

2. Market Growth:

   • The Chitosan market has seen growth due to increased awareness of environmentally friendly products and the demand for sustainable and natural ingredients in various industries.

   • Growing applications in pharmaceuticals and medical fields have contributed to market expansion.

3. Geographical Trends:

   • The market is not limited to a specific region, with demand seen globally. However, regions with a significant seafood industry, such as Asia-Pacific, may have a higher production capacity.

4. Challenges:

   • The availability of raw materials (shrimp and crab shells) can impact the production and pricing of Chitosan.

   • Research and development continue to address challenges related to the modification of Chitosan for specific applications.

5. Regulations:

   • Regulatory approvals and standards for Chitosan applications in various industries can influence market dynamics.

What does the Report Include?

The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026. 

Industrial Development:

• February 2019 – Axio Biosolutions announced the launch of its new product, MaxioCel, a next-gen wound care dressing produced from chitosan. According to the company, the product aids in fast-paced healing of chronic wounds in patients.

List of the Companies Profiled in the Global Market for Chitosan:

• Qingdao Yunzhou Biochemistry Co.

• Advanced Biopolymers AS

• Panvo Organics Pvt. Ltd.

• Meron Biopolymers

• Heppe Medical Chitosan GmbH

• KitoZyme S.A

• Foodchem International Corporation

• Chitosanlab

• Primex EHF

• Golden-Shell Pharmaceutical Co. Ltd.

• Chitinor AS

• Others

Information Source:https://www.fortunebusinessinsights.com/chitosan-market-102793