Global chitosan market size is expected to reach $2,550 million by 2022 from $1,205 million in 2015, registering a CAGR of 10.7% from 2016 to 2022. Chitosan is the deacetylated form of chitin, a biopolymer extracted from the shells of crustaceans such as shrimp, crabs, and others. According to the Food and Agriculture Organization (FAOSTAT), around 750,000 tons of crustaceans’ shell waste is generated annually in Europe. In the processing of crustaceans, around 40% of the total mass is the shell whereas rest is consumed.

The key market players profiled in this report are Advanced Biopolymers AS (Norway), Heppe Medical Chitosan GmbH (Germany), G.T.C. Bio Corporation (China), Primex ehf (Iceland), Kitozyme S.A. (Belgium), Novamatrix (Norway), Agratech International, Inc. (U.S.), Golden-Shell Pharmaceutical Co. Ltd. (China), Qingdao Yunzhou Biochemistry Co. Ltd. (China), and Panvo Organics Pvt Ltd. (India).

Other players in the value chain includes BioPhrame Technologies, Biothera, Dainichiseika Color & Chemicals Mfg. Co. Ltd, United Chitotechnologies Inc., Koyo World (Hong Kong) Co. Ltd., Kraeber & Co. GmbH, Foodchem International Corporation, FMC Corporation, Xianju Tengwang Chitosan Factory, and PT Biotech Surindo.

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This shell waste is characterized with high amount of chitin that is further processed to produce chitosan, glucosamine, and other derivatives. On an average, a waste crustacean shell comprises of 30-40% protein, 30-50% calcium carbonate, and approximately 30% of chitin. The shell waste containing chitin is treated with specific alkalis and acids under optimal reaction conditions.

After undergoing successive demineralization and deproteinization, chitin is obtained that is further deacetylated to produce chitosan. Apart from crustacean shell waste, chitosan can also be produced from certain fungi. However, low amount of chitin in the cell walls of fungi and the absence of an optimal procedure for extraction of chitin on a commercial scale makes it a less used source for obtaining chitosan.

The global chitosan market report focuses on chitosan and its major applications including, water treatment, food & beverage, cosmetics, biomedical & pharmaceuticals, bioprinting & agriculture, and others. Furthermore, the report includes market segmentation based on sources of chitosan such as shrimp, crab, krill, and squid. The report does not put much emphasis on the chitosan that can be produced from the chitin present in the fungus cells. It presents chitosan market size in terms of both value and volume. The data has been gathered majorly from the secondary sources such as company publications, Hoovers, Factiva, and others. The data has been validated after analysis from the C-level executives and directors of the companies present in the global chitosan market.

The report includes market segmentation on the basis of source, application, and geography. The major sources of chitosan includes shell wastes from shrimp, crab, squid, and krill. Shrimp is globally used as the primary source for chitosan production, followed by crab. Based on application, the chitosan market is segmented into water treatment, biomedical & pharmaceuticals, cosmetics, food & beverage, and others. Other applications of chitosan include its use in the formulation of paints and coatings and organ bio-printing. Water treatment leads the chitosan market, followed by biomedical & pharmaceuticals. The biomedical applications of chitosan have proliferated as a result of extensive research activities.

By geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific leads the global chitosan market accounting for more than half of the market share in terms of value and volume. Asia-Pacific is expected to continue to lead the market throughout the forecast period owing to the presence of significant number market players, especially in China, Japan, India, and Thailand.

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Author's Bio: 

I am Srushti Helwande. My keen interest in reading and writing. I forayed into the field of writing due to my love for words and the urge to do something different. I have been a part of the content resource team here in Allied Market Research. We have a dedicated team for content development wherein, we coordinate with the Market Analysts and create a precise content. I am personally involved in writing content for user engagement. I owe a responsibility to make sure the content is rich and user-centric. Allied Market Research has given me the chance to gain knowledge about different subjects.