The global chitosan market size is expected to experience a 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, titled, “Chitosan Market Size, Share & Industry Analysis, By Application (Pharmaceutical, Cosmetics, Water Treatment, Food & Beverages, Others) and Regional Forecast, 2022-2029.”
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Chitosan is generally a sugar extracted from the hard outer skeleton of shellfish such as lobster, crab, and shrimp. They are extensively adopted in several industrial applications that include food & beverage, and pharmaceutical industry among others. In addition to this, it is effective in arresting the flow of blood during surgeries and prevents blood clots. It is further used as a preservative to improve the shelf-life of the food products.
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.
Increasing Demand for Bio-based Products in Asia-Pacific to Favor Growth
Among all the regions, Asia-Pacific is expected to remain at the forefront and hold the largest global chitosan market share in terms of revenue during the forecast period. This dominance is attributable to the increasing demand for bio-based chitosan products owing to the depletion of natural resources and the surging demand for adopting renewable energy sources in the region.
The market in North America is anticipated to showcase a significant growth backed by the rising pharmaceutical sector that is leading to the development of enhanced drugs that contain chitosan in countries such as the U.S. between 2020 and 2027.
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
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