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Chitosan Market: Growth Analysis & Projections Forecast to 2025

Chitosan market demand is primarily driven by factors including raw material availability, price, and product quality. Rising application scope of the product as an eco-friendly compound in waste water treatment, textile and agrochemical industry is expected to propel demand over the projected period.

The Global Chitosan Market is expected to reach USD 17.84 billion by 2025, according to a new report by Grand View Research, Inc.

Chitosan is a one of the most abundantly available biopolymers and is primarily obtained from shrimp shell waste disposed of by the fishery industry. As a result, integration with fishery industries in order to source raw material is the key factor promoting growth. In addition, abundant availability coupled with low cost of the raw materials is expected to propel demand.

The market was initially dominated by Japanese companies over the past few years. However, other Asian countries including China and India are expected to witness significant growth owing to increasing number of new market players.

To Know More About Chitosan Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/global-chitosan-market

The majority of the compound produced lacked purity, which is essential primarily in the pharmaceutical and medical industry, which is expected to hamper growth over the forecast period. In addition, low production volumes and high product cost associated with high purity chitosan are expected to compel manufacturers for product innovation and capacity expansion.

Top Players of Chitosan Market:

Key players in the industry include Yunzhou Biochemistry Co., Advanced Biopolymers AS, Biophrame Technologies, United Chitotechnologies Inc., Koyo World (Hong Kong) Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Agratech LLC., Kraeber& Co. GmbH, Foodchem International Corporation, and FMC Corporation

Market Segmentation of Chitosan Market:

The Global Chitosan Market Segmented on the basis of Application and Region.

By Application:
  •    Water Treatment
  •     Pharmaceutical & biomedical
  •     Cosmetics
  •     Food & beverage

By Region:
  •     North America
  •     Europe
  •     Japan
  •     Asia Pacific
  •     Rest of the World

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