How Has the Chitosan Market Size Evolved in Recent Years?
The chitosan market has seen considerable growth due to a variety of factors.
• The market size of chitosan has seen a swift expansion in the past few years. The market is predicted to surge from a value of $8.65 billion in 2024 to $10.37 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 19.9%.
The historical period witnessed growth largely due to factors like waste from seafood processing, biomedical utilization, growing usage in the agriculture sector, as well as in the food and beverage, paper and pulp, and metal ion chelation industries.
What Can Be Expected from the Chitosan Market in the Coming Years?
The chitosan market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the chitosan market to experience a massive expansion in the coming years. Its size is forecasted to reach $22.99 billion in 2029, with a compound annual growth rate (CAGR) of 22.0%.
Factors contributing to this predicted growth encompass the development of bioplastics, nutraceuticals and dietary supplements, environmental considerations, agricultural biostimulants, functional food ingredients, along with regulatory support. In the period under observation, significant trends include the use of water filtration technologies, modifications and derivatives of chitosan, chitosan nanoparticles for drug delivery, chitosan-based biomedical scaffolds, and the use of chitosan in tissue engineering.
What Are The Leading Drivers Of Growth In The Chitosan Market?
The global demand for wastewater treatment is increasing, and this is anticipated to accelerate the expansion of the chitosan market. Wastewater treatment is the process of purifying wastewater before it is discharged into natural water bodies or aquifers, including oceans, lakes, and rivers. Chitosan plays a significant role in wastewater treatment as it aids in the adsorption of heavy metals or metalloids, the elimination of industrial wastewater dyes, as well as the removal of other organic pollutants like organic oxidants, oil residues, and organochloride pesticides. Take for example, in March 2024, the Environment Agency, a non-departmental public body in the UK, reported a 54% surge in sewage spills, climbing from 301,091 incidents in 2022 to 464,056 in 2023. Hence, the global need for wastewater treatment is fuelling the growth of the chitosan market.
How Is the Chitosan Market segmented?
The chitosan market covered in this report is segmented –
1) By Grade: Pharmaceutical Grade, Industrial Grade, Food Grade
2) By Source: Shrimp, Squid, Crab, Krill, Other Sources
3) By Application: Water Treatment, Food And Beverages, Cosmetics, Medical And Pharmaceuticals, Agrochemicals, Other Applications
Subsegments:
1) By Pharmaceutical Grade: Drug Delivery Systems, Wound Healing Applications
2) By Industrial Grade: Water Treatment, Agriculture And Crop Protection
3) By Food Grade: Food Preservation, Nutraceutical Applications
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What New Trends Are Influencing the Chitosan Market?
Prominent businesses in the chitosan market are endeavoring to establish a competitive advantage by introducing innovative solutions like chitosan injections. This medical delivery mechanism primarily utilizes chitosan, a naturally existing polymer. For example, in September 2023, KiOmed Pharma, a biotech firm based in Belgium, launched a product named KiOmedinevsOne. This product is a non-animal-derived chitosan injection that serves as a one-time intraarticular injection manufactured specifically for the symptomatic alleviation of knee osteoarthritis. Owing to its unique structure that diverges from natural chitosan and hyaluronic acid, it can alleviate knee pain for over six months. This patented technology has demonstrated a response rate of up to 76%.
Who Are the Key Players in the Chitosan Market?
Major companies operating in the chitosan market include:
• Advanced Biopolymers AS
• FMC Corporation
• Kyowa Hakko Bio Co. Ltd.
• Dainichiseika Color & Chemicals Mfg. Co. Ltd.
• IFF NovaMatrix
• Golden-Shell Pharmaceutical Co. Ltd.
• KIMICA Corporation
• Xianju Tengwang Chitosan Factory
• Marine Biopolymer Technologies Inc. (MBT)
• Bio-Gate AG
• Axio Biosolutions
• Heppe Medical Chitosan GmbH
• Panvo Organics Pvt Ltd
• Agratech International Inc.
• Qingdao Yunzhou Biochemistry Co. Ltd.
• Meron Biopolymers
• NovaTech Nutrition
• G.T.C. Bio Corporation
• Kitozyme S.A.
• Kraeber & Co. GmbH
• Qingdao BZG Bio-Tech Co. Ltd.
• PT Biotech Surindo
• Biophrame Technologies
• Primex BioProducts
• Chitofrance
• Yishan Marine Biological Products Co. Ltd.
• Qingdao Haihui Marine Bioengineering Co. Ltd.
What Is The Most Dominant Region In The Chitosan Market?
Asia-Pacific was the largest region in the chitosan market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the chitosan market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
