The global chitosan market was valued at USD 7.0 billion in 2019 and is expected to reach USD 21.7 billion by 2025, growing at a CAGR of 21.0% during 2020-2025. The chitosan market is highly fragmented due to the presence of large number of players in the market, which makes it a highly competitive market for the industry players. The players need to have a focused strategy to achieve a competitive advantage in the market. The various key players in the chitosan industry are investing heavily in carrying out the research and development activities for the development of new and improved production processes and technologies for chitosan manufacturing.
Water treatment application category held the largest share in the chitosan market in 2019
On the basis of power output, the chitosan market is categorized into water treatment, food and beverage, cosmetics, medical and pharmaceuticals, agrochemicals, and others. Among these, the water treatment application category accounted for the foremost share in 2019 with increasing need of wastewater treatment to meet the increasing demand of drinking water and clean water.
The APAC is the largest contributor in the chitosan market and held the largest share in the market. The region market is expected to register the fastest growth during the forecast period. This can be attributed to the presence of major producers in the region, which are fueling the market growth in the region. This is due to the increasing demand along with rising investment. Along with that, various research and development activities are ongoing for the commercial production of the product from the non-aquatic sources such as algae, yeasts, and fungi are also expected to drive the chitosan market growth in the region.
Some of the key players operating in the chitosan market are Chitosan AS, Mahtani chitosan pvt. ltd., AgraTech, JBIChem International, Primex ehf, Heppe Medical Chitosan GmbH, Vietnam Food, Advanced Biopolymers AS, G.T.C. Bio Corporation, and KitoZyme S.A.
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global chitosan market on the basis of grade, application, and region.
Global Chitosan Market Coverage
Grade Insight and Forecast 2015 – 2025
Application Insight and Forecast 2015 – 2025
Chitosan Market by Region
Rest of the World (RoW)