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Chitosan is a sugar which is obtained from hard outer skeleton of shell fish including shrimp, crab and lobster. It is made by treating chitin shells present in shellfish with alkaline substance such as sodium hydroxide. Rapid advancement in research to examine biotechnological applications of chitosan along with ample availability of raw material for production will stimulate market growth.
Depleting ground fresh water levels supported by increase in demand for water owing to rising population and industrial sector will have positive impact on product demand. Huge investments along with recent policy amendments regarding water treatments mainly in high population countries such as India, China and Malaysia will further boost market growth. Clean India Mission assures functional water supply in household and rural areas. Another policy amendment by China, such as Water Ten China in 2016 to tackle water pollution which aims at improving water quality in groundwater, costal, surface water and drinking water supply. These factors will promote industry growth.
Recent innovations regarding use of chitosan in food & beverage application owing antimicrobial properties for innovative packaging will further accelerate market growth. Chitosan is deacetylate polymers which can be used as antimicrobial agent for food packaging. It can also be used as encapsulating and flocculating agent along with gelling and thickening agent in food as well as cosmetic industry will have positive impact in on product demand.
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. Industrial grade chitosan has wide application in water treatment, polymer coatings and agrochemical industry. The self-healing coating contains chitosan consisting polymer material which are used for coating on cars for paint protection. Chitosan responds to UV light forms a chemical chain with other material and treat scratch damage in cars. Moreover, in agriculture chitosan is used as natural growth enhancer and seed treatment which acts as environment friendly bio pesticide chemical. It boosts self-ability of the plants to fight against fungal infections. Government approvals from EPA for chitosan as a biodegradable substance for plants and crops will have positive impact on product demand.
Furthermore, the major application considered in the study is food & beverage, water treatment, cosmetics, pharmaceutical, agrochemicals, biotechnology. Chitosan has wide application potential in pharma industry as a potential drug carrier owing to biocompatibility. Chitosan nanoparticles contain antibacterial and antifungal properties along with acting as an adjuvant for vaccines. It also acts as novel nasal delivery system for vaccine. These factors will promote product demand in pharmaceutical application, thus promoting industry growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific driven by India, Japan and China chitosan market may account for high growth owing to rising demand from waste water treatment. High affinity of chitosan for different contaminants which helps in removing organic matter, textile waste water, paper & pulp waste water, heavy metals and phenolic compounds. Rapid industrial development owing high investments has led to generation of large amount of industrial waste supported by government initiatives to adopt bio based ingredients in water treatment, will promote product demand in waste treatment.
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.
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. Furthermore, the major application considered in the study is food & beverage, water treatment, cosmetics, pharmaceutical, agrochemicals, biotechnology.
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 include Latin America and Middle East & Africa.
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