An Incisive, In-depth Analysis on the Chitosan Market
This study offers a comprehensive, 360 degree analysis on the Chitosan market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Chitosan market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Research Findings
- The Chitosan Market will grow 2.4X between 2020 and 2030.
- Increasingly stringent wastewater treatment regulations from governments will continue to propagate the adoption of chitosan products as a cleaning agent.
- Establishment of pharmaceutical manufacturing units will present remunerative opportunities for market players. This trend will be prominent in North American market, particularly Mexico.
- Increasing preference for chitosan as a special ingredient in cosmetics presents highly lucrative growth opportunities to chitosan manufacturers.
- Asia Pacific accounts for a majority of sales; whereas East Asia and South Asia & Oceania collectively hold over 59% share of the total market value.
KEY DETERMINANTS OF GROWTH IN CHITOSAN MARKET
Health Benefits of Chitosan Propel Food & Beverage Applications
Growing awareness about the health benefits of chitosan and potential applicability in treating various diseases continues to drive adoption. Moreover, food & beverage industry remains a key end user of chitosan products. The amino polysaccharide polymer is known to be effective at reducing cholesterol levels, improving appetite, and aids in quality sleep. Patients undergoing long-term hemodialysis are often advised to include food & beverages that contain chitosan in their diet. Consumer trends such as preventive healthcare and the increasing spending on nutritious diet also contribute to the chitosan demand.
Research on periodontitis suggests that direct application of chitosan ascorbate to gums may help repair gum damage. Further, the plastic surgeon community is of the opinion that application of N-carboxybutyl chitosan to affected areas acts as a catalyst for the healing process post plastic surgeries. The compound also acts as fungicide and increases the shelf-life of processed food products. With such versatility of application in the food & beverage industry, chitosan manufacturers would find rewarding opportunities. The food & beverage applications account for over 27% share of the total market value, with growth projected at a stellar 10% CAGR during the projection period.
COVID-19 Pandemic Presents Roadblocks to Skyrocketing Growth Trajectory
The chitosan market that was previously projected to see a strong growth outlook has been encountering challenges since the onset of COVID-19 pandemic. China, a major consumer of shrimps and the largest source of raw materials is under strict lockdowns across all five provinces, which has disrupted the value chain of chitosan producers. Similar impacts of COVID-19 on major fishery markets in India, Saudi Arabia, and Ecuador add to the injury. Key market players are forced to work with the available inventory, whereas small and medium producers are already witnessing bankruptcy.
Closure of restaurants, hotels, and other public places continues to cause a significant drop in demand from food & beverage applications of chitosan. Governments across the world are strategizing support measures for local fishery industries. Ubiquitous lockdowns have tied fishing fleets to the harbour inflicting financial losses in the fishery industry. This directly impacts the availability of raw materials for the chitosan industry. The degree of losses of this ripple effect will be determined by the speed of gaining normalcy post COVID-19 pandemic. Leading players in the chitosan market are closely tracking the recovery of patients and success in limiting the spread of COVID-19 in crucial supply chain countries such as China, and India.
Surging Emphasis on Wastewater Treatment Presents Gainful Opportunities
The bisorbent ability of chitosan in removing pollutants from wastewater is a major factor that drives adoption in this application area. When coupled with omnipresent regulations regarding wastewater treatment by manufacturing units, they form a fertile basis for continued growth of the chitosan market in wastewater treatment application. The Clean Water Act (CWA) by the US Environmental Protection Agency (EPA), the Urban Waste Water Treatment Directive in Europe, and similar government initiatives by Asian governments in China, and India are favorable to chitosan producers.
Superior product qualities in removing pesticides, surfactants, phenol, and polychlorinated biphenyls further promote adoption of chitosan as a flocculating, coagulating, and chelating agent. Industrial units across the globe are adopting scalable wastewater treatment methods of which chitosan is an important component. Market players will thus find lucrative opportunities in this wastewater treatment industry throughout the forecast period.
Chitosan Market Structure Analysis
- The chitosan market is fairly fragmented with the presence of many small players located in coastal regions to leverage the availability of raw materials.
- Expansion of product portfolio in terms of increased purity levels and cost efficiency of production processes governs the shape of competition among chitosan producers.
North America, Latin America, Europe, South Asia & Oceania, East Asia, and Middle East and Africa
Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical Chitosan GmbH, KitoZyme S.A, Foodchem International Corporation, Chitosanlab, Golden-Shell Pharmaceutical Co. Ltd., Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., and KYTOSAN LLC
A recent market study published by FMI on the and market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.
And Market: Segmentation
Chapter 01 - Executive Summary
The report initiates with the executive summary of the market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the Market.
Chapter 02 - Market Overview
In this chapter, readers can find the definition and a detailed taxonomy of the and market, which will help them understand the basic information about the market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the Market report.
Chapter 03 - Key Success Factors
This section includes key successful factors and strategies adopted by key market participants.
Chapter 04 - Global Demand Analysis 2015-2019 & Opportunity Assessment 2020-2030
This section explains the global market value analysis and forecast for the and market for the forecast period of 2020-2030. This chapter includes a detailed analysis of the historical market, along with an opportunity analysis for the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020-2030). Along with this, pricing analysis of the chitosan market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the market in the forecast period of 2020-2030.
Chapter 05 - Market Background
This chapter explains key macroeconomic factors that are expected to influence the growth of the and market over the forecast period. Along with the macroeconomic factors, this section also highlights supply chain, forecast factors, and value chain analysis for the market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Chapter 06 - Global Market Analysis 2015-2019 & Opportunity Assessment 2020-2030 by Application
This chapter provides details about the and market on the basis of application has been classified into water treatment, pharmaceuticals & chemicals, cosmetics, food & beverages, and others. In this chapter, readers can understand the market attractiveness analysis based on material type.
Chapter 07 - Global Market Analysis 2015-2019 & Opportunity Assessment 2020-2030 by Region
This chapter explains how the Market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia and Pacific and the Middle East & Africa (MEA).
Chapter 8 - North America Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter includes a detailed analysis of the growth of the North America Market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on material and countries in North America.
Chapter 9 - Latin America Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the chitosan market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 10 -Europe Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
Important growth prospects of the Market based on its end users in several countries such as Germany, France, the U.K., Spain, BENELUX, Russia, Italy, and the Rest of Europe are included in this chapter.
Chapter 11 - East Asia Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the and market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the chitosan market in East Asia.
Chapter 12 - South Asia & Oceania Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the and market in South Asia & Pacific by focusing on India, Thailand, Indonesia, Malaysia, and the Rest of South Asia. This section also helps readers understand the key factors that are responsible for the growth of the Market in South Asia.
Chapter 13 - Middle East & Africa Market Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides information about how the and market will grow in major countries in the MEA region such as GCC, Turkey, Northern Africa, South Africa, and the Rest of MEA, during the forecast period of 2020-2030.
Chapter 14 - Market Structure Analysis
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the and market, along with their market presence analysis by region and product portfolio.
Chapter 15 - Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Qingdao Yunzhou Biochemistry Co., Panvo Organics Pvt. Ltd., Advanced Biopolymers AS, Meron Biopolymers, Biophrame Technologies, United Chitotechnologies Inc., Heppe Medical And GmbH, KitoZyme S.A, Foodchem International Corporation, Andlab, Golden-Shell Pharmaceutical Co. Ltd., Primex EHF, Nano3Bio, Koyo World (Hong Kong) Co. Ltd., and KYTOSAN LLC
Chapter 16 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the and market report.
Chapter 17 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Market.