Chitosan Market Report, By Source (Shrimps, Prawns, Crabs, Lobsters) By Grade (Food, Pharmaceutical, Industrial) By Application (Food & beverage, Water treatment, Cosmetics, Pharmaceutical, Agrochemicals, Biotechnology) and Geography - Global Market Share, Trend Analysis & Forecast

Chitosan is a chitin derivative which is a long chain polymer abundantly found in aquatic animals including shrimps, crabs, prawn and lobsters. Shrimps are the major source of chitosan with chitin content of over 25% to 40%. Chitosan act as a good flocculant owing to its properties such as high deposition rate and efficient removal of organic matter and suspended solids. Depleting natural water reserves supported by rapid increase in population has led to growth in water treatment activities, thus stimulating industry growth. 

Chitosan Market Trends

• Application potential for chitosan in controlled drug delivery systems will escalate industry growth. The positively charged chitosan exhibits increased mucosal adhesion and retention time. Rise in product commercialization in pharmaceutical industry owing to high investments will have positive impact on product demand
• Increase in research activities has led to the development regrading nano-sizing chitosan to achieve synergistic effect combining pharmaceutical and cosmetics properties in one product will act as major contributing factor towards industry growth 
• Easy and abundant availability of raw material has led to rise in production of chitosan which is likely to support industry growth

Chitosan Market COVID-19 Impact

Recent innovations in pharmaceutical market has led to the development for chitosan nano particles which helps in drug delivery to specific target site, thus acting as a one way drug release for COVID 19 drug in lungs of affected patients. It will help in generating intra pulmonary drug delivery formulation suitable for treating COVID 19, thus promoting industry growth in this sector. However, certain production closures, lockdown, insufficient availability of resources might have effect on product commercialization which is likely to act as restricting factor. 

The report provides market estimation & forecast for global chitosan market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Chitosan Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa. 

Asia Pacific is a lucrative region and dominated chitosan market in 2019. Asia Pacific led by India, Japan and China is projected to continue its dominance in the foreseeable timeframe.  Japan is a major producer of chitosan owing to high and easy availability of raw material will drive regional industry growth.  In, addition favourable regulatory norms regarding FDA approvals of chitosan derivatives in dietary products will further propel product demand in this region.  

Chitosan Market Segmental Overview

• The report analyses the global chitosan market based on source, grade, application and geography
• Various source studied are segmented into  shrimps, prawns, crabs, lobsters 
• Various chitosan grades studied are pharmaceutical, food, industrial. Increasing application scope in non-chemical technologies including UV disinfection and membrane in agrochemicals and water treatment will positively favour industry growth
• Furthermore, the major application considered in the study is food & beverage, water treatment, cosmetics, pharmaceutical, agrochemicals, biotechnology. Chitosan is widely used in personal care and cosmetic products as a substitute of hyaluronic acid which boosts its usage in anti-ageing products. It also finds application in styling gels, shampoos, hair colorants and hair sprays owing to its property of forming an elastic film on hair imparting strength and softness to hair.

Chitosan Market Competitor Analysis

The key players in the chitosan market share are Primex EHF, Heppe Medical Chitosan GmbH, Vietnam Food, Kitozyme S.A., Agratech,  Advanced Biopolymers as,  Bio21 Co., Ltd., G .T.C. Bio Corporation,  Taizhou City Fengrun Biochemical Co., Ltd., Zhejiang Golden-Shell Pharmaceutical Co., Ltd., Ningbo Zhenhai Haixin Biological Products Co. Ltd., Weifang Haizhiyuan Biological Products Co., Ltd.,  Qingdao Yunzhou Biochemistry Co., Ltd, Panvo Organics Pvt Ltd, Xianju Tengwang Chitosan Factory, PT Biotech Surindo, Koyo Chemical Co., Ltd. New product development, acquisition, collaborations and partnerships remains the key business strategies to enhance product offering.