The global chitosan market was valued at USD 11.2 billion in 2022, growing at a CAGR of 18.9% from 2023 to 2032. The market is expected to reach USD 63.2 billion by 2032. The rise in growth is attributed to the rising demand for products derived from natural sources and their extensive use in medicinal, cosmetic, and wastewater treatment applications.
A polysaccharide derived from chitin, chitosan is found in the shells of marine animals like crabs, lobsters, and prawns. The process of deacetylation chitin that is separated from leftover crab shells yields commercial chitosan. Because it limits the gastrointestinal tract's ability to absorb fats, chitosan is frequently seen in nutritional supplements. Its biocompatibility and biodegradability make it a popular choice for medical applications. Chitosan is a good choice for a hemostatic dressing to treat wounds because of its anticoagulant qualities. Furthermore, it is employed as a biopesticide in agriculture to limit harmful effects on trees and plants and for water purification. Moreover, it is utilized as a food preservative in polyurethane paints and coatings and in the bioprinting of organs. Squid pens, crab shells and prawn shells are the most commonly utilized raw materials for chitin and chitosan manufacture. There are three different types of chitosan on the market: gamma, beta, and alpha. The two most popular chitosan products are beta and alpha, made from squid pens and shrimp/crab shells. The chitin strand structure of the different forms of chitosan varies, influencing the final product's qualities and attributes.
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In March 2021, In order to determine whether a novel respirator containing chitosan nanoparticles can lower the incidence of SARS-CoV-2 infection in healthcare professionals, the University of Brasilia in Brazil, in partnership with the University of Campinas, Brazil, Centro de Pesquisa em Biotecnologia Ltda, Hospital Regional da Asa Norte (HRAN), Hospital da Região Leste (HRL), and Hospital Universitário de Brasília (HUB/UnB), was conducting the VESTA clinical trial.
In March 2020, Leaders in the field of chitosan nanoparticle research, Bioavanta-Bosti, introduced Novochizol, a novel chitosan nanoparticle technology that can be utilised to restrict and transport any prospective anti-COVID-19 medication to critically sick patients' lungs.
Increasing awareness about the use of waste from the seafood industry- The growth of chitosan applications, the rise in waste from the seafood industry, and government assistance for waste utilization are the main factors propelling the global chitosan market. Chitin and other high-value goods are produced from shell waste processing. Because of its ability to absorb lipids, chitosan isolated from crustaceans—such as crabs, prawns, and lobster—is frequently used to reduce body weight.
High cost of bulk production- The chitosan market can be affected by variations in the availability and uniformity of chitin as a raw material, which might result from changes in the production and processing of seafood. The chitosan market's potential expansion may be impeded throughout the forecast period by the high cost of production and restricted supply of raw materials. However, the high cost of producing water treatment in bulk could impede market expansion.
Growing application- Chitofelx's anticoagulant qualities, increasingly used in hemostatic dressings, provide growth opportunities for the market. Due to its possible health advantages, chitosan has become increasingly popular as a functional food ingredient. It helps with weight management, lowers cholesterol, and contains antioxidant and antibacterial qualities. The functional food and nutraceutical industries are seeing a rise in the use of chitosan due to rising consumer awareness and desire for healthier goods. Furthermore, the market is anticipated to increase faster during the projected period due to the rise in demand for cosmetics made from biobased materials.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global chitosan market, with a 37.6% market revenue share in 2022.
Considering the key players present, rising demand for cosmetics in the US, and growing awareness of water treatment, North America is predicted to have a sizable market share in the global chitosan industry. In addition, rising healthcare costs and a solid healthcare infrastructure are major factors driving the regional market expansion. The region's growing obesity and overweight problems and people's growing health consciousness present the chitosan industry with enormous prospects. For example, according to the Canadian Institute for Health Information, one in five persons in Canada suffers from obesity, one of the country's main health problems. A 2017 Canadian Obesity Network research stated that seven million Canadians suffered from obesity.
North America Region Chitosan Market Share in 2022 - 37.6%
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The source segment is divided into prawns, crabs, shrimps, and others. The shrimp segment dominated the market, with a market share of around 36% in 2022. Considering prawns contain roughly 25% to 40% chitin, compared to approximately 15% to 20% in crab shells, prawns are thought to be the main source of chitosan. These sources can be used to easily and affordably generate chitosan.
The application segment is divided into cosmetics, food and beverage, water treatment, pharmaceutical and biomedical, and others. The water treatment segment dominated the market, with a market share of around 31% in 2022. It is highly preferred in water treatment plants due to several benefits, including the capacity to remove phenol, surfactants, and pesticides from water. The market will rise due to the rising demand for chitosan as a water purifier due to its non-toxic, non-allergic, and biodegradable qualities.
|Revenue (USD Billion)
|Market size value in 2022
|USD 11.2 Billion
|Market size value in 2032
|USD 63.2 Billion
|CAGR (2023 to 2032)
|The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
As per The Brainy Insights, the size of the chitosan market was valued at USD 11.2 billion in 2022 to USD 63.2 billion by 2032.
The global chitosan market is growing at a CAGR of 18.9% during the forecast period 2023-2032.
North America emerged as the largest chitosan market.
This study forecasts global, regional, and country revenue from 2019 to 2032. The Brainy Insights has segmented the global chitosan market based on the below-mentioned segments:
Global Chitosan Market By Source:
Global Chitosan Market By Application:
Global Chitosan Market By Region:
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