Market Overview
The
Chitosan Market is expected to be valued at
USD 20.4 billion in 2024 and is anticipated to grow to
USD 112.1 billion by 2033 at a CAGR of 20.8%.
Chitosan is a linear polysaccharide derived from chitin, a naturally occurring material included in the cell walls of fungi and the outer shells of crustaceans including shrimp, crabs, and lobster as it is made by chemically eliminating chitin, either wholly or partially. Furthermore, it is used in water treatment as a dietary supplement, also in wound healing, and various industries like cosmetics, textiles, and agriculture. In addition, the chemical structure of these contains amino groups which give chitosan various desirable properties, like its ability to form gels, bind to fats, and interact with negatively charged substances.
Key Takeaways
- The Chitosan Market is expected to be valued at USD 20.4 billion in 2024 and is anticipated to grow to USD 112.1 billion by 2033 at a CAGR of 20.8%.
- The shrimp segment is expected to dominate the market with the largest revenue share of 37.1% in 2024.
- The biomedical segment is expected to dominate the market with the highest revenue share of 32.2% in 2024.
- North America is expected to dominate the market with the highest revenue share of nearly 47.5% in 2024.
Use Cases
- Chitosan is employed in water treatment processes as a natural coagulant and flocculant as it can help clarify water by binding to particles, suspended solids, and organic matter.
- Its ability to promote tissue regeneration makes it valuable in the biomedical field as it is used in the development of wound dressings, scaffolds for tissue engineering, and drug delivery systems.
- It is used in agriculture as a biopesticide and plant growth enhancer as it can stimulate plant defense mechanisms, improve nutrient uptake, and protect against certain pathogens.
- Chitosan is used in the food industry for its antimicrobial properties, ability to form films, and as a natural preservative.
Market Dynamic
The chitosan market is growing due to the rising demand for products derived from natural sources and their extensive use in cosmetic, medicinal, and wastewater treatment applications. Further, the use of this product is predicted to rise in the food and beverage industry due to positive regulatory support from developed nations and growing consumer knowledge of its health benefits. Also, it is popularly used as a food stabilizer and preservative which fuels the market growth. Additionally, it is used as a clarifying agent in juices, as a thickening agent in beverages, and in packaging food products, which drives the growth of this market.
Moreover, it is used in
pharmaceutical, and agrochemical industries due to its qualities of non-toxic, biodegradable, bioactive, and biocompatible. Furthermore, it is used in wastewater treatment to remove metal, harmful compounds like iron, and other contaminated particles due to its absorption characteristics. It is widely used in the dental industry due to its anti-pay and anti-plaque qualities as it is available in mouthwash and toothpaste. However, market growth is hindered by strict laws applied by the government and it produces a lot of waste during its production.
Research Scope and Analysis
By Source
The shrimp segment is expected to dominate the market
with the largest revenue share of 37.1% in 2024 as it is the primary source of chitosan, contains about 25 - 40% chitin content, and is an integral part of the food chain. Also, the higher availability of these along with commercial shrimp farming drives the growth of this segment. Further, the crab segment is expected to grow with a high CAGR over the upcoming period as it
contains about 15 - 20% chitin content and is used in water purification, wound dressings, biomedical applications, and as a natural polymer in various formulations. Moreover, the lobster segment is used in agriculture as a biopesticide and soil conditioner, in the textile industry for dye removal, and the food industry for its antimicrobial and antioxidant properties.
By Application
The biomedical segment is expected to dominate the market
with the largest revenue share of 32.2% in 2024 as there is rising demand for bio-based ingredients in drug production. Further, increasing investments in the pharmaceutical & medical sectors along with the demand for hi-tech healthcare products are expected to drive market growth. Also, rising consumer demand for personal care products made from
biomaterials is expected to be a major factor in this market's expansion. Moreover, this product is expected to create new opportunities in the cosmetic industry due to its bacteriostatic & fungistatic properties.
Additionally, this market is predicted to grow due to its application as a moisturizing component in the production of skin and hair creams. Also, it is used in the production of color cosmetics like nail polishes, eye shadows, and lipsticks which is expected to boost the demand of this segment. Further, the market is also driven by its use in various skin problems, like acne and scars.
The Chitosan Market Report is segmented based on the following:
By Source
- Shrimp
- Crab
- Lobster
- Others
By Application
- Biomedical
- Water Treatment
- Pharmaceutical
- Cosmetics
- Food & Beverage
- Others
Regional Analysis
North America is expected to dominate the market with the largest revenue share of 47.5% in 2024 due to increasing consumer demand for organic skin and hair care products. Furthermore, this region is expected to grow due to rising government spending on water purification and growing demand for naturally derived & nontoxic water treatment chemicals. Additionally, the presence of known healthcare infrastructure in this region is fueling the growth of this market. Further, the rising health awareness among consumers and increasing obesity & overweight issues in this region drive the growth of this market. After North America, the Asia-Pacific region is expected to grow significantly due rise in demand for skin products, mainly among women and teenagers. Also, the rising fashion industry with increasing demand for naturally derived hair and skin care products in the region, is expected to increase the demand in this market.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
Companies are more focused on innovations, advancement in technology, and strategic alliances in this market. Additionally, this market must offer cost-efficient items to expand and survive in a more competitive and rising market. Also, the major key players in the market are focusing on developing new applications and are significantly investing in research and development activities. For example, BIOAVANTA-BOSTI developed a manufacturing process named Novochizol TM which is used to incorporate any active pharmaceutical ingredient (API). Some of major the key market players are Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS3.
Some of the prominent players in the global chitosan market are:
- Qingdao Yunzhou Biochemistry Co.
- Panvo Organics Pvt. Ltd.
- Advanced Biopolymers AS3
- Meron Biopolymers
- Biophrame Technologies
- United Chitotechnologies Inc.
- Heppe Medical Chitosan GmbH
- KitoZyme S.A.
- Foodchem International Corporation
- Chitosanlab
- FMC Corporation
- Golden-Shell Pharmaceutical Co. Ltd.
- Others
Recent Development
- In September 2023, Tidal Vision turns waste crab shells into a versatile, biodegradable polymer called chitosan that can be used for wide-ranging industrial purposes like water purification, replacing flame retardants, and improving the uptake of fertilizers by plants.
- In August 2023, Tidal Vision Products, Inc. announced the acquisition of Clear Water Services as they will incorporate their solutions to address some of the greatest challenges faced by humanity with water pollution by utilizing Clear Water Services' mobile and modular water treatment devices.
- In March 2023, Axio Biosolutions, announced the US Food and Drug Administration clearance for its latest innovation, Ax-Surgi Surgical Hemostat which became the first and only chitosan-based hemostat cleared for controlling severe surgical bleeding.
- In November 2022, Chitogen Inc., U.S. based medical manufacturing company, signed a letter of intent with Tru Shrimp to purchase commercial quantities of chitosan produced from the ground-up exoskeleton of its shrimps which are farm-raised, and aim to build a large-scale shrimp farm in South Dakota, U.S.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 20.4 Bn |
| Forecast Value (2033) |
USD 112.1 Bn |
| CAGR (2023-2032) |
20.8% |
| Historical Data |
2018 – 2023 |
| Forecast Data |
2024 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Source (Shrimp, Crab, Lobster, Others), By Application(Water Treatment, Pharmaceutical, Biomedical, Cosmetics, Food & Beverage, Others) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS3, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical Chitosan GmbH, KitoZyme S.A., Foodchem International Corporation, Chitosanlab, FMC Corporation, Golden-Shell Pharmaceutical Co. Ltd., and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Chitosan Market size is estimated to have a value of USD 20.4 billion in 2024 and is expected to reach USD 112.1 billion by the end of 2033.
North America has the largest market share for the Global Chitosan Market with a share of about 47.5% in 2023.
Some of the major key players in the Global Chitosan Market are Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS3 and many others.
The market is growing at a CAGR of 20.8 percent over the forecasted period.