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Chitosan Powder Market

Chitosan Powder Market by Source, Grade, End Use, Distribution Channel & Region - Forecast 2022 - 2032

Chitosan Powder Market by Source, Grade, End Use, Distribution Channel & Region - Forecast 2022 - 2032

Chitosan Powder Market

The global demand for chitosan powder is forecast to grow at a healthy CAGR of around 6.38% CAGR during the forecast period between 2022 and 2032. Growth is attributable to the rising demand for chitosan powder from diverse end-use industries such as food and beverages, pharmaceuticals, dietary supplements, and personal care & cosmetics.

Report Attribute

Details

Chitosan Powder Market Projected Growth Rate (2022-2032)

6.38% CAGR

Chitosan powder is a natural linear polysaccharide (D-glucosamine), made by treating the chitin shells of crabs, shrimp, and other crustaceans with an alkali sodium hydroxide.

Over the last few decades, chitosan powder has become one of the commonly used biopolymers due to its various attractive properties including biocompatibility, bio-renewability, biodegradability, nontoxicity, and bio-adhesivity. It finds application in diverse end-use industries such as pharmaceuticals, personal care and cosmetics, dietary supplements etc.

Demand for chitosan powder is especially high across regions witnessing a sharp rise in obesity and overweight cases. Chitosan powder is being used to treat various lifestyle diseases including obesity due to its fibrous content which blocks the absorption of cholesterol and dietary fats.

Similarly, rising demand for chitosan powder in food industry and personal care and cosmetic industry is expected to bolster the growth of chitosan powder market during the forecast period.  Thanks to its bioactive nature and cationic property, chitosan powder is used as a nutritional ingredient in functional foods and additives as well as antimicrobial coatings for fruits and vegetables. Thus, it helps to maintain the storage quality of products and extend their shelf life.

Which Factors are Triggering the Growth of Chitosan Powder Market

The swift growth of chitosan powder market is attributable to the increasing incidence of lifestyle diseases such as obesity and overweight, easy availability of raw materials (shells) at lower costs, growing consumer awareness across developing and underdeveloped regions, and rapid expansion of end-use industries.

Increasing incidence of obesity and overweight along with risks associated with these health conditions has prompted people to change their lifestyle and eating habits. It is estimated that around 2.8 million people die each year due to overweight or obese problems as per the World Health Organization (WHO). Thus, growing consumer focus towards weight management coupled with rising consumption of dietary supplements is anticipated to boost the growth of chitosan powder market during the forecast period.

Chitosan powder is a natural dietary fiber which finds its applications in a variety of weight loss dietary supplements. Various studies have revealed that chitosan helps to reduce fat absorption, thereby reducing the overall calorie content which helps in weight management.

Similarly, growing popularity of chitosan powder due to its antioxidant and antimicrobial properties is projected to create growth prospects within the pharmaceutical industry during the assessment period. It is believed that chitosan powder helps in promoting blood coagulation, improves immunity, maintains blood sugar level and blood pressure. It also finds its application as a bio-pesticide in agricultural industry.

Additionally, rising adoption of chitosan powder in wastewater treatment plants is expected to create lucrative growth avenues within the global chitosan powder market during the forthcoming years. Chitosan powder has emerged as an ideal wastewater treatment chemical used in wastewater treatment plants on account of its biodegradable and ecofriendly nature.

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What are the Challenges Faced by the Chitosan Powder Industry

Although chitosan powder has numerous end uses, there are numerous factors likely to pose a challenge to market growth. Some of these factors are the low awareness levels across emerging economies about the benefits of chitosan powder, high production costs associated with chitosan powder and presence of alternative wastewater treatment chemicals at lower prices.

Why is Asia-Pacific Emerging as a Lucrative Market for Chitosan Powder

As per FMI, the Asia Pacific Chitosan Powder market is anticipated to grown at a relatively faster CAGR during the forecast period from 2022 and 2032, owing to the rising applications of chitosan powder across various industries, growing need for ecofriendly wastewater treatment chemicals, easy availability of crustacean shell waste, and favorable government support.

Growing concerns regarding the harmful nature of chemical pesticides has prompted people to change their preference towards more ecofriendly ones. This factor is likely to push sales of chitosan powder across the Asia Pacific region during the forecast period as it is regarded as a highly biodegradable product.

Similarly, rising applications of chitosan powder in pharmaceutical and wastewater treatment industries is projected to create sales prospects for chitosan powder market during the assessment period.

Nandini Roy Choudhury
Principal Consultant
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How Will Growth Unfold Across the North America Market

According to Future Market Insights, North America will continue to remain a prominent market for chitosan powder throughout the forecast period, owing to the rapid expansion of end-use industries, rising adoption of chitosan powder in wastewater treatment applications, increasing consumption of personal care and cosmetic products, and high presence of leading market players.

Sales are especially high across the United States due to rapid expansion of pharmaceutical industry. Chitosan powder is being increasingly used to manufacture various pharmaceutical drugs as well as a coating on pharmaceutical products to mask the unsavory taste of drugs.

Market Competition

Some of the key participants present in the global chitosan powder market include T.C. Bio Corporation, Meron Group, Amicogen, Inc., Advanced Biopolymers AS, Novamatrix, Heppe Medical Chitosan GmbH, Kitozyme S.A., Tokyo Chemical Industry Co., Ltd., Comgraf SAS, Primex ehf, Jiangyin Healthway International Trade Co., Ltd, Agratech International, Inc., FMC Corporation, Panvo Organics Pvt Ltd., and Kraeber & Co GmbH.

Attributed to the presence of such a high number of participants, the global chitosan powder market is highly competitive in nature. Leading players are increasingly adopting various organic and inorganic growth strategies such as new product launches, partnerships, collaborations, acquisitions, mergers, and establishment of new facilities to gain a competitive edge in the market as well as to expand their global footprint.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 6.38% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Source
  • Grade
  • End Use
  • Distribution Channel
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • T.C. Bio Corporation
  • Meron Group
  • Amicogen, Inc.
  • Advanced Biopolymers AS
  • Novamatrix
  • Heppe Medical Chitosan GmbH
  • Kitozyme S.A.
  • Tokyo Chemical Industry Co., Ltd.
  • Comgraf SAS
  • Primex ehf
  • Jiangyin Healthway International Trade Co., Ltd
  • Agratech International, Inc.
  • FMC Corporation
  • Panvo Organics Pvt Ltd.
  • Kraeber & Co GmbH.

Customization

Available Upon Request

Key Segments Profiled in the Chitosan Powder Industry Survey

By Source:

  • Shrimp
  • Crab
  • Krill
  • Squid
  • Others (Lobster, Turtle, etc.)

By Grade:

  • Pharmaceutical Grade
  • Food Grade
  • Agricultural Grade
  • Industrial Grade

By End Use:

  • Food and Beverage Industry
  • Personal Care and Cosmetic Industry
  • Pharmaceutical Industry
  • Dietary Supplement Industry
  • Textile Industry
  • Others (Wastewater treatment, Animal Feed, etc.)

By Distribution Channel:

  • Direct Sales/B2B
  • Indirect Sales/B2C
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retailing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

As per FMI, the global chitosan powder market is forecast to grow at a CAGR of around 6.38% during the assessment period.

The Asia Pacific chitosan powder market is expected to grow at a relatively faster CAGR over the forecast period from 2022 to 2032.

T.C. Bio Corporation, Meron Group, Amicogen, Inc., Advanced Biopolymers AS, Novamatrix, Heppe Medical Chitosan GmbH, and Kitozyme S.A. are some prominent chitosan powder manufacturers

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Chitosan Powder Market