Chitosan Market 2022 : In-Depth Industry Analysis on Size, Growth and Forecast 2027

The chitosan market is poised to witness robust growth through 2027 on account of widespread product application in varied industry verticals across the globe.

Chitosan is biodegradable and is used in antimicrobial films for food packaging. It has also received approval for use in wound dressings owing to its ability to form a gel. It is also being examined for use in medicines and tissue engineering. Following the onset of COVID-19, chitosan and chitin have gained popularity as they have demonstrated promising results against viral infections, which has propelled chitosan market growth during the pandemic.

The chitosan market has been segmented on the basis of source, end-user, and region. Based on source, the market has further been divided into crabs, prawns, shrimps, fungi, lobsters, and others.

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The lobsters sub-segment is estimated to witness substantial growth at a CAGR of around 13.5% over the assessment timeframe. Chitosan produced from lobsters has significant economic value with several applications in food, water treatment, healthcare products, agriculture, pharmaceuticals, environmental sector, and biomedicine, among other industries, which is slated to drive segmental growth through 2027.

The fungi sub-segment held a sizable share in the chitosan market in 2020 and is anticipated to grow at a steady pace over 2021-2027. Pharmaceutical-grade chitosan is produced using fungi through a submerged fermentation process and is widely used in medical applications in drug delivery and other life sciences applications. Fungi also find applications in the production process, which enables tightly controlled production of chitosan as well as limits exposure to foreign materials. Additionally, fungal chitosan offers many beneficial features over other alternatives in the industry, which is set to propel product uptake in the coming years.

The chitosan market size from the others sub-segment is projected to amass considerable gains by 2027. Apart from crustaceans like shrimps, prawns, crabs, and lobsters as major sources, chitosan is also obtained from some other sources like mollusks, insects, and so forth. Generally, chitosan is derived through the deacetylation of chitin present in these species as chitosan is rare in nature, except in certain fungi.

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The biotechnology sub-segment is expected to see considerable growth through 2027 due to extensive use of chitosan as a gene carrier. Chitosan also has a wide range of applications in tissue engineering and immobilization of enzymes while performing experiments in the laboratory, which is primed to push segmental development.

The chitosan market size from others sub-segment is estimated to grow at a significant pace over 2021-2027. Other end-users of chitosan include textile, pulp & paper, and photography, among others. Chitosan has been utilized as an eco-friendly finishing agent to develop functional fabrics in the textile industry. It is also employed in the emerging field of bioprinting, which is anticipated to further stimulate segmental progress in the upcoming years.

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