The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Chitosan Global Market Report 2023, The global chitosan market is expected to grow from $6.01 billion in 2022 to $6.84 billion in 2023, at a compound annual growth rate (CAGR) of 13.8%. The chitosan market size is expected to grow to $14.67 billion in 2027 at a CAGR of 21.0%.

Asia-Pacific was the largest region in the chitosan market in 2022. North America is expected to be the fastest-growing region in the forecast period.

Chitosan Market Driver

The growing demand for wastewater treatment around the world is projected to drive the chitosan industry forward. The process of removing contaminants from wastewater before it enters natural bodies or aquifers such as seas, lakes, and rivers is known as wastewater treatment. Chitosan is frequently used in wastewater treatment because it aids in the removal of heavy metals or metalloids, colours from industrial effluent, and other organic pollutants such as organic oxidants, oil impurities, and organochloride insecticides. According to a study conducted by Utrecht University, a public research university in the Netherlands, and the United Nations University, a research and study university in Japan, the wastewater produced globally each year in 2021 will be 359 billion cubic metres, with approximately 48 percent of that water being released untreated into the environment. As a result, the growing need for wastewater treatment around the world is propelling the chitosan market forward.

View More On The Chitosan Market Report 2023 – https://www.thebusinessresearchcompany.com/report/chitosan-global-market-report

Key Chitosan Market Segments

The global chitosan market is segmented –

1) By Grade: Pharmaceutical Grade, Industrial Grade, and Food Grade

2) By Source: Shrimp, Squid, Crab, Krill, and Other Sources

3) By Application: Water Treatment, Food and Beverages, Cosmetics, Medical and Pharmaceuticals, Agrochemicals, Other Applications

Chitosan Market Prominent Players

Major players in the chitosan market are Advanced Biopolymers AS, Agratech International, Inc., Golden-Shell Pharmaceutical Co. Ltd., G.T.C. Bio Corporation, Heppe Medical Chitosan GmbH, Kitozyme S.A, Novamatrix, Panvo Organics Pvt Ltd., Primex Ehf, Qingdao Yunzhou Biochemistry Co., Ltd., Dainichiseika Color & Chemicals Mfg, Meron Biopolymers, KIMICA Corporation, Kraeber & Co. GmbH, Axio Biosolutions, Marshall Marine Products, PT Biotech Surindo, Xianju Tengwang Chitosan Factory, and Biophrame Technologies.

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Prominent Chitosan Market Trend

Technological developments are a major trend that is gaining traction in the chitosan market. The market’s leading players are creating breakthrough technologies or products for specialised applications such as film packaging, skin tissue engineering, pharmaceutical medications, and others. For example, Bioavanta-Bosti, a pioneer in chitosan nanoparticle research, announced the March 2020 introduction of Novochizol, a novel polysaccharide nanotechnology employed in the formulation of aerosol anti-COVID-19 medications. It is utilised to administer any prospective anti-COVID-19 medicine to very unwell patients’ lungs.

The Chitosan Global Market Report 2023  provides comprehensive insights on the chitosan market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the chitosan market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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