The global chitosan market size is expected to reach USD 21.41 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 20.8% from 2019 to 2025. Growing scope of applications in cosmetics, water treatment for removal of impurities, and medical sectors is the key factor driving the market. Moreover, rising demand for bio-based chemicals and less number of fresh water resources is impelling the market growth. North America is expected to lead chitosan market in the near future due to positive outlook from the pharmaceutical sector in the region.
Additionally, rise in demand from cosmetic industry and growing application scope in waste water treatment along with government initiatives are also propelling the growth. The market competition is expected to intensify in the coming years owing to escalating demand for chitosan for varied applications. Rising need for waste water treatment in industries, such as textile, dairy, paper & pulp, metal cutting, and chemical, is anticipated to propel the product demand. Thus, increasing product demand as a water treatment chemical and strict regulations on the disposal of industrial waste water are also likely to boost market growth.
To request a sample copy or view summary of this report, click the link below:
Further key findings from the study suggest:
North America is expected to be the fastest-growing region due to increasing demand and rising preference of pharmaceutical and cosmetics manufacturers for naturally-derived products
Pharmaceutical industry in Canada is projected to expand at a CAGR of 21.03% in near future due to increasing R&D for product application in tissue engineering
Some of the key companies in the market include Qingdao Yunzhou Biochemistry Co., FMC Corp., Golden-Shell Pharmaceutical Co. Ltd., and Heppe Medical Chitosan GmbH
Companies are focusing on strengthening their global reach by improving the product purity. They are also investing in R&D for the production of biomedical and pharmaceutical grades of the product
Grand View Research has segmented the global chitosan market on the basis of application and region:
Chitosan Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
Pharmaceutical & Biomedical
Food & Beverage
Chitosan Region Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
Central & South America
Middle East & Africa
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."