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North America Chitosan Market

North America Chitosan Market By Source (Shrimp, Crab, Others), Application (Water Treatment, Personal Care, Pharmaceuticals & Biomedical, Food & Beverages) & Region - Forecast 2021-2031

Market Insights on North America Chitosan covering sales outlook, demand forecast & up-to-date key trends

About the Report

The North America market for Chitosan is anticipated to witness a substantial growth over the forecast period owing to its growing demand from several end use industries including pharmaceuticals and biomedicals, personal care, water and waste water treatment, agricultural chemicals, and others. Besides this, the rising demand for biocompatible and biodegradable substances are expected to drive the market of Chitosan in the coming years. Moreover, the growing research for the development of biopolymers to cater the growing demand from various end use industries to use less hazardous materials for their processing is anticipated to boost the demand for Chitosan in near future.

In this report, ESOMAR-certified consulting and Market Research Company Future Market Insights (FMI) provides insights about key factors driving Chitosan demand in North America. Furthermore, the effect of the COVID-19 Pandemic on the Chitosan market has also been studied. The research report further monitors North America Chitosan sales in both the countries i.e., U.S. and Canada and addresses Chitosan’s application.

How the Historical and Future Outlook for North America Chitosan Market Match Up?

The chitosan market is expected to grow with a significant growth rate in the Unites States of America during the assessment period. The consumption of Chitosan is further estimated to grow by approximately 3.8 times over the forecast period in North America.

The growth of the Chitosan market has been contributed by the growing demand for biodegradable and biocompatible substances in various end use industries including, pharmaceuticals and biomedical, personal care and cosmetics, water and waste water treatment, food and beverages, and others. This is due to manufacturers’ preference for the use of products with low carbon footprint along with the products which are associated with low waste generation which will decrease the cost of waste disposal and treatment to increase the profit margin. 

On the basis of sources used for the production of chitosan, shrimp is anticipated to remain most preferred. Other sources includes lobsters, crabs, and fungi. Furthermore, there are several trends which are shaping the market of Chitosan in North America, which includes growing competition between the market participants, sustainable development, increasing investment in research for the development of the innovative and advance products and many others.

According to FMI’s analysis, chitosan market will grow at 14.3% CAGR between 2021 and 2031. Chitosan is used in various end-use industries such as, pharmaceuticals and biomedical, water treatment, in personal care and cosmetics, agrochemicals, surgery and many others for several applications. Significantly growing end use segments is expected to benefit the market of chitosan. Moreover the growing demand for biodegradable and biocompatible materials in these end use industries is anticipated to boost the market of chitosan. Due to biocompatible nature, chitosan can be used in tissue engineering, for drug delivery, further the compound is used as coagulating and flocculating agent for water treatment, chitosan is further used as preservatives and as an ingredient if food and beverages and in nutraceuticals.

However, due to the ongoing COVID-19 crisis, the economy of the region and the performance of the industrial as well as commercial sectors have been immensely impacted due to the disruption in the supply chain and reducing demand. The same trend has also been observed to be true in the case of chitosan, wherein reduce in the demand from water treatment, pulp and paper industry, from agrochemical and from personal care and cosmetics industry has impacted the growth rate of chitosan in North America to considerable extent in the year 2020.

However, with the initiatives taken by the government to recover the economic growth and revive the performance of the industrial as well as commercial sector, chitosan market is expected to get the desirable growth from the year 2021.

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Why is Research & Development Considered Key to Chitosan Market Growth?

Investment in research and development (R&D) for the development of advance and innovative products to meet the growing demand and challenges faced by the end-use industries plays a crucial role for the market growth of a product.

Some of the key participants are investing in R&D to introduce advance and innovative chitosan product to cater the growing demand from the end-use application sectors. Their efforts also are intended to increasing their market footprint. Further, the investment is being done for process development to manufacture chitosan by consuming less energy and emitting minimum Greenhouse gas.

A significant amount is also been invested in nanotechnology, to utilize chitosan nanoparticles for drug delivery system to treat cancer and also to utilize chitosan in tissue engineering.

Does High Price For Chitosan Production Affect The Market?

Extracting chitin from various living organisms and transforming it to chitosan and other chitosan-based products is an energy-intensive and expensive process. The process further generates a huge amount of waste and to neutralize this waste, a large amount of energy and cost are consumed. Chitosan and its derivatives are generally imported from Asia Pacific, including China, Japan, India and other Southeast Asian countries owing to low cost and the limited production capacity of the manufacturers of North America.

Several chitosan manufacturers of North America produce chitosan by Good Manufacturing Practices (GMP) process. GMP is a system that ensures the product being produced is consistent and controlled as per the quality standards set for that particular product. This type of practices is being done in the field of pharmaceuticals, dietary supplements, cosmetics, food and beverages and others. All these factors contribute to the high cost of chitosan. High cost of chitosan affects the growth of chitosan for its bulk usage in several end use applications.

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Country-wise Insights

Why the U.S. Dominates the North America Chitosan Market?

In North America, the U.S. holds for a prominent share in the market, accounting for about fourth fifth of the chitosan consumption in the region. Owing to the strong industrialization and rapidly growing end-use application sectors the demand of chitosan has increased in the country. Further, thanks to strong trade relationship with the Asian players, import of chitosan based products from various Asian countries like China, India, Japan and others remain easy for the country, as Asian players provides chitosan at a low cost. Further, the growing research for the use of biopolymers in various end use industries is expected to benefit the market of chitosan in the country.

What is Driving Chitosan Sales in Canada?

In the North America Chitosan market Canada holds about one fifth of the market share and the market is estimated to witness a significant growth rate over the forecast period. Pharmaceuticals and biomedical and personal care application segments are expected to remain the prominent end users of for chitosan in Canada. Moreover, the growing demand of biopolymers in various end use industries is estimated to boost the market of Chitosan in the coming years in the country.

Category-wise Insights

What Is The Market Share Of Water Treatment In North America Chitosan Market?

Chitosan is used as coagulating and flocculating agent for the treatment of water and waste water. It is because the compound helps to remove metal ions, bacteria, fungi and other microbes, dust particles, and other impurities from water and reduces odor from water. Water treatment application segment accounts for about fifteen percent of the overall chitosan consumption in North America. Moreover, the growing demand for water and waste water treatment in the region is expected to boost the market of Chitosan in the coming years.

What is the Preferred Source for Deriving Chitosan?

A number of sources are used for the extraction of chitin for the production chitosan such as, lobsters, fungi, crabs, shrimps and many others. Of all the sources, shrimp is anticipated to remain the prominent source utilized for the manufacturing chitosan in the region owing to the easy processing. The source is further anticipated to grow with a substantial growth rate during the assessment period.

Opportunities in Chitosan market:

It is being anticipated that nanotechnology will gradually make inroads in several sectors including medical, surgery, electronics, defense, water treatment, and others. Functional groups present in chitosan (hydroxyl and amino group) make chitosan an excellent adsorbing substance. Chitosan zinc oxide nanoparticles are efficient in removing 99% of colors from the effluent stream of the textile industry.

Chitosan nanoparticles can further be used as antibacterial and antimicrobial agents and gene delivery agents. These nanoparticles can also be used in antimicrobial textiles for the production of clothes for doctors, surgeons and other healthcare professionals. Chitosan nanoparticles can further be utilized for skin regeneration. This type of nanoparticles can further be used for drug delivery systems, to treat cancer cells. Since chitosan is positively charged, it can attract negatively charged mucus and act as an excellent carrier for mucoadhesive drugs.

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Competitive Landscape

The key market participants are continuously looking for ways to provide higher quality products at efficient costs, and stable supply for long durations, which will help them to run their business smoothly. Many of the small market participants are entering into long-term contracts with contract manufacturers to supply customized products at cost-competitive prices for the end use applications. The chitosan market is a fragmented market in which about one third of the market value share is owned by the main players.

Some of the prominent market participants operating in the Chitosan market are:

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of the Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for value and Tons for Volume

Region Covered

North America

Countries Covered

U.S. and Canada

Key Segments Covered

Source, Application and Country

Key Companies Profiled

  • KitoZyme S.A.
  • Tidal Vision Inc.
  • Chitolytic
  • CarboMer, Inc.
  • Spectrum Chemical MFG Corp.
  • Foodchem International Corporation
  • Meron Group
  • Mycodev Group
  • Toronto research Chemicals
  • MP Biomedicals

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to a research analyst

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request

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Chitosan Market by Category

Source

  • Shrimp
  • Crab
  • Others

Application

  • Water Treatment
  • Personal Care
  • Pharmaceuticals & Biomedical
  • Food & Beverages
  • Agrochemicals
  • Others

Region

  • North America

Country

  • U.S.
  • Canada

Frequently Asked Questions

The U.S. is estimated to remain the dominant in the North America chitosan market owing to strong presence of various end-use industries and some of the leading manufacturers.

Shrimp is expected to remain the most preferred source for the production of Chitosan due to its easy processing. Shrimp can be easily broken down, easily solubility and it requires less processing.

Chitosan is extensively used in pharmaceuticals and biomedicals segment for various applications. Chitosan also is used for the treatment of several diseases such as, arthritis and tuberculosis, for healing wounds, controlling obesity by absorbing fat, controlling cholesterol levels in the body, and to implant fat.

Some of the leading companies manufacturing Chitosan are Tidal Vision Inc., Chitolytic, CarboMer, Inc., Spectrum Chemical MFG Corp. and others.

Pharmaceuticals and biomedical, personal care and cosmetics, and other application segments are expected to exhibit high demand for chitosan in North America. /p>

Table of Content

1. Executive Summary

    1.1. North America Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Pricing and Distribution Strategies

    4.3. Long Term Supply Management with Direct End User

    4.4. Sales and Distribution Strategies

5. North America Chitosan Market Demand Analysis 2016-2020 and Forecast, 2021-2031

    5.1. Historical Market Volume (Tons) Analysis, 2016-2020

    5.2. Current and Future Market Volume (Tons) Projections, 2021-2031

    5.3. Y-o-Y Growth Trend Analysis

6. North America Chitosan Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Application

    6.2. Pricing Break-up

7. North America Chitosan Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

    7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. North America Specialty Chemicals Market Outlook

        8.1.2. Chitin Market Overview

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. Historic Growth Rate of Companies

        8.2.2. Demand from Water Treatment Chemicals

        8.2.3. Demand from Nutraceuticals

        8.2.4. Demand from Cosmetics and Personal Care Products

        8.2.5. Demand from Agrochemicals

        8.2.6. Impact of Regulations related to Product usage

    8.3. Demand Supply Scenario

        8.3.1. Production vs. Consumption Outlook

        8.3.2. Import Export Statistics By Country

    8.4. Value Chain Analysis

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

    8.6. Impact of COVID – 19 Crisis

        8.6.1. Current Statistics

        8.6.2. Expected Recovery and Comparison with Sub-Prime Crisis

        8.6.3. World Economy / Cluster Projections

        8.6.4. Potential of Impact by Taxonomy

        8.6.5. 2020 Market Size

            8.6.5.1. Recovery by Quarters

            8.6.5.2. Recovery Scenario (Short, Mid and Long term)

        8.6.6. Long Term Projections

9. North America Chitosan Market Analysis 2016-2020 and Forecast 2021-2031, by Source 

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Source, 2016 - 2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021 – 2031

        9.3.1. Shrimp

        9.3.2. Crab

        9.3.3. Others

    9.4. Market Attractiveness Analysis By Source

10. North America Chitosan Market Analysis 2016-2020 and Forecast 2021-2031, by Application 

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis Application, 2016 - 2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021 – 2031

        10.3.1. Water Treatment

        10.3.2. Personal Care

        10.3.3. Pharmaceuticals & Biomedical

        10.3.4. Food & Beverages

        10.3.5. Agrochemicals

        10.3.6. Others

    10.4. Market Attractiveness Analysis By Application

11. North America Chitosan Market Analysis 2016-2020 and Forecast 2021-2031, by Country

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016 - 2020

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2020 - 2030

        11.3.1. U.S.

        11.3.2. Canada

    11.4. Market Attractiveness Analysis By Region

12. U.S.  Chitosan Market Analysis 2016-2020 and Forecast 2021-2031

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        12.3.1. By Source

        12.3.2. By Application

    12.4. Market Attractiveness Analysis

        12.4.1. By Source

        12.4.2. By Application

    12.5. Market Trends

    12.6. Key Market Participants - Intensity Mapping

    12.7. Drivers and Restraints - Impact Analysis

13. Canada Chitosan Market Analysis 2016-2020 and Forecast 2021-2031

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016 - 2020

    13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021 - 2031

        13.3.1. By Source

        13.3.2. By Application

    13.4. Market Attractiveness Analysis

        13.4.1. By Source

        13.4.2. By Application

    13.5. Market Trends

    13.6. Key Market Participants - Intensity Mapping

    13.7. Drivers and Restraints - Impact Analysis

14. Market Structure Analysis

    14.1. Market Analysis by Tier of Companies (Chitosan)

    14.2. Market Concentration

    14.3. Market Share Analysis of Top Players

    14.4. Market Presence Analysis

        14.4.1. By Regional footprint of Players

        14.4.2. Product foot print by Players

15. Competition Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Competition Deep Dive 

        15.3.1. KitoZyme S.A.

            15.3.1.1. Overview

            15.3.1.2. Product Portfolio

            15.3.1.3. Sales Footprint

            15.3.1.4. Strategy Overview

                15.3.1.4.1. Marketing Strategy

                15.3.1.4.2. Product Strategy

        15.3.2. Tidal Vision Inc.

            15.3.2.1. Overview

            15.3.2.2. Product Portfolio

            15.3.2.3. Sales Footprint

            15.3.2.4. Strategy Overview

                15.3.2.4.1. Marketing Strategy

                15.3.2.4.2. Product Strategy

        15.3.3. Chitolytic

            15.3.3.1. Overview

            15.3.3.2. Product Portfolio

            15.3.3.3. Sales Footprint

            15.3.3.4. Strategy Overview

                15.3.3.4.1. Marketing Strategy

                15.3.3.4.2. Product Strategy

        15.3.4. CarboMer, Inc.

            15.3.4.1. Overview

            15.3.4.2. Product Portfolio

            15.3.4.3. Sales Footprint

            15.3.4.4. Strategy Overview

                15.3.4.4.1. Marketing Strategy

                15.3.4.4.2. Product Strategy

        15.3.5. Spectrum Chemical MFG Corp.

            15.3.5.1. Overview

            15.3.5.2. Product Portfolio

            15.3.5.3. Sales Footprint

            15.3.5.4. Strategy Overview

                15.3.5.4.1. Marketing Strategy

                15.3.5.4.2. Product Strategy

        15.3.6. Foodchem International Corporation

            15.3.6.1. Overview

            15.3.6.2. Product Portfolio

            15.3.6.3. Sales Footprint

            15.3.6.4. Strategy Overview

                15.3.6.4.1. Marketing Strategy

                15.3.6.4.2. Product Strategy

        15.3.7. Meron Group

            15.3.7.1. Overview

            15.3.7.2. Product Portfolio

            15.3.7.3. Sales Footprint

            15.3.7.4. Strategy Overview

                15.3.7.4.1. Marketing Strategy

                15.3.7.4.2. Product Strategy

        15.3.8. Mycodev Group 

            15.3.8.1. Overview

            15.3.8.2. Product Portfolio

            15.3.8.3. Sales Footprint

            15.3.8.4. Strategy Overview

                15.3.8.4.1. Marketing Strategy

                15.3.8.4.2. Product Strategy

        15.3.9. Toronto Research Chemicals

            15.3.9.1. Overview

            15.3.9.2. Product Portfolio

            15.3.9.3. Sales Footprint

            15.3.9.4. Strategy Overview

                15.3.9.4.1. Marketing Strategy

                15.3.9.4.2. Product Strategy

        15.3.10. MP Biomedicals

            15.3.10.1. Overview

            15.3.10.2. Product Portfolio

            15.3.10.3. Sales Footprint

            15.3.10.4. Strategy Overview

                15.3.10.4.1. Marketing Strategy

                15.3.10.4.2. Product Strategy

16. Assumptions and Acronyms Used

17. Research Methodology

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List of Tables

Table 01: North America Chitosan Market Size Volume (Tons) and Value ((US$ Mn) Forecast by Source, 2016–2031

Table 02: North America Chitosan Market Size Volume (Tons) and Value ((US$ Mn) Forecast by Application, 2016–2031

Table 03: North America Chitosan Market Size Volume (Tons) and Value ((US$ Mn) Forecast by Country, 2016–2031

Table 04: U.S. Chitosan Market Size Volume (Tons) and Value ((US$ Mn) Forecast by Source, 2016–2031

Table 05: U.S. Chitosan Market Volume (Tons) and Value (US$ Mn) Forecast by Application, 2016–2031

Table 06: Canada Chitosan Market Size Volume (Tons) and Value (US$ Mn) Forecast by Source, 2016–2031

Table 07: Canada Chitosan Market Volume (Tons) and Value (US$ Mn) Forecast by Application, 2016–2031

Nikhil Kaitwade
Principal Consultant
LinkedIn
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List of Charts

Figure 01: North America Chitosan Market Historical, Current and Forecast Volume (Tons), 2020 - 2031

Figure 02: North America Chitosan Market Historical, Current and Forecast Value (US$ Mn), 2020 - 2031

Figure 03: North America Chitosan Market Incremental $ Opportunity (US$ Mn), 2020 - 2030

Figure 04: North America Chitosan Market Share and BPS Analysis by Source– 2021 & 2031

Figure 05: North America Chitosan Market Y-o-Y Growth Projections by Source, 2020 - 2031

Figure 06: North America Chitosan Market Absolute $ Opportunity by Shrimp Segment, 2016-2031

Figure 07: North America Chitosan Market Absolute $ Opportunity by Crab Segment , 2016-2031

Figure 08: North America Chitosan Market Absolute $ Opportunity by Others Segment , 2016-2031

Figure 09: North America Chitosan Market Attractiveness Analysis by Source, 2021-2031

Figure 10: North America Chitosan Market Share and BPS Analysis by Application – 2021 & 2031

Figure 11: North America Chitosan Market Y-o-Y Growth Projections by Application, 2020 - 2031

Figure 12: North America Chitosan Market Absolute $ Opportunity by Water Treatment Segment , 2016-2031

Figure 13: North America Chitosan Market Absolute $ Opportunity by Personal Care Segment , 2016-2031

Figure 14: North America Chitosan Market Absolute $ Opportunity by Pharmaceuticals & Biomedical, 2016-2031

Figure 15: North America Chitosan Market Absolute $ Opportunity by Food & Beverages Segment , 2016-2031

Figure 16: North America Chitosan Market Absolute $ Opportunity by Agrochemicals Segment , 2016-2031

Figure 17: North America Chitosan Market Absolute $ Opportunity by Others Segment , 2016-2031

Figure 18: North America Chitosan Market Attractiveness Analysis by Application, 2021-2031

Figure 19: North America Chitosan Market Share and BPS Analysis by Country– 2021 & 2031

Figure 20: North America Chitosan Market Y-o-Y Growth Projections by Country, 2020 - 2031

Figure 21: North America Chitosan Market Absolute $ Opportunity by U.S. Segment , 2016-2031

Figure 22: North America Chitosan Market Absolute $ Opportunity by Canada Segment , 2016-2031

Figure 23: North America Chitosan Market Attractiveness Analysis by Country, 2021-2031

Figure 24: U.S. Chitosan Market Share and BPS Analysis by Source– 2021 & 2031

Figure 25: U.S. Chitosan Market Y-o-Y Growth Projections by Source, 2020 - 2031

Figure 26: U.S. Chitosan Market Attractiveness Analysis by Source, 2021-2031

Figure 27: U.S. Chitosan Market Share and BPS Analysis by Application– 2021 & 2031

Figure 28: U.S. Chitosan Market Y-o-Y Growth Projections by Application, 2020 - 2031

Figure 29: U.S. Chitosan Market Attractiveness Analysis by Application, 2021-2031

Figure 30: Canada Chitosan Market Share and BPS Analysis by Source– 2021 & 2031

Figure 31: Canada Chitosan Market Y-o-Y Growth Projections by Source, 2020 - 2031

Figure 32: Canada Chitosan Market Attractiveness Analysis by Source, 2021-2031

Figure 33: Canada Chitosan Market Share and BPS Analysis by Application– 2021 & 2031

Figure 34: Canada Chitosan Market Y-o-Y Growth Projections by Application, 2020 - 2031

Figure 35: Canada Chitosan Market Attractiveness Analysis by Application, 2021-2031

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North America Chitosan Market