The chitosan market is expected to generate $ 1.88 billion in revenue by 2028, globally, with a CAGR of 14.03%: Verified Market Research®

Expansion of fish industry waste, an increase in chitosan use, and government assistance with waste utilization are driving the global chitosan market.

CITY OF JERSEY, NJ, September 22, 2022 / PRNewswire / – Verified Market Research recently released a report, “Chitosan Market“By grade (industrial, food, pharmaceutical grade), by end user (water treatment, food and beverage, cosmetics, medical and pharmaceutical products) and by geography.

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According to extensive research conducted by verified market research experts, the size of the chitosan market has been rated at 661.84 million dollars in 2020 and is expected to reach 1.88 billion dollars by 2028, growing at a CAGR of 14.03% from 2021 to 2028.

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Browse the in-depth summary On “Chitosan Market”

202 – Pages
126 – Tables
37 – Figures

Key developments

Partnerships, collaborations and agreements

  • In March 2021the clinical trial of VESTA was conducted in collaboration with the University of BrasíliaUniversity of Campinas, Hospital da Região Leste (HRL), Hospital Universitário de Brasília (HUB / UnB), Hospital Regional da Asa Norte (HRAN) and Centro de Pesquisa em Biotecnologia Ltda. Clinical studies were conducted in order to measure the effectiveness of a new respirator equipped with chitosan nanoparticles in order to effectively reduce the incidence of Covid-19 infection in operators sanitary.

Product launches and product expansions

  • In March 2020Novochizol, a unique chitosan nanoparticle technology used to deliver and confine the anti-COVID-19 drug in the lungs of sick patients, was launched by Bioavanta-Bosti, a leading research company on chitosan nanoparticles.

Overview of the global chitosan market

Chitosan is a polymer obtained from the shells of lobsters, crabs, shrimps and prawns that belongs to the class of aminopolysaccharides. It is produced using an alkaline substance, such as caustic soda, to deacetylate the shells of chitin or the exoskeletons of insects, crustaceans and therefore the cell walls of fungi. Each retail staple varies in its chitosan content, making it an important component in commercial manufacturing. Chitosan is said to be mainly produced from shrimp.

Growth in seafood industry waste, an increase in chitosan applications, and government assistance with waste utilization are major factors driving the global chitosan market. In addition, the increasing use of Chitofelx in hemostatic dressing. Furthermore, the increased demand for cosmetics made from bio-based materials is fueling the expansion of the market on a global scale.

In the event of a shortage of marine debris, an increase in the number of new commercial chitosan sources, such as mushrooms, snails and other shellfish, can replace traditional sources, such as crabs, shrimps. The abundant availability of fungal waste in agriculture and the synthetic creation of fungi using poor nutrients by simple chemical processes present a lucrative potential for the growth of the chitosan market.

Key players

The main players in the market are Primex EHF, Advanced Biopolymers as, Bio21 Co., Ltd., GTC Bio Corporation, Taizhou City Fengrun Biochemical Co., Heppe Medical Chitosan GmbH, Vietnam Food, Kitozyme SA, Agratech, Ltd. and Zhejiang Golden-Shell Pharmaceutical Co., Ltd .

Verified Market Research has segmented the global Chitosan market on the basis of grade, end user, and geography.

  • Chitosan market, by grade

  • Chitosan market, by end user

  • Chitosano Market, of Geography

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