Chitin, Chitosan and Derivatives Market Research Report - Global Forecast till 2027

Global Chitin, Chitosan and Derivatives Market: Information by Type (Chitin, Chitosan, Glucosamine and others), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Animal Feed, Agriculture and others) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2027

ID: MRFR/F-B & N/7117-CR | November 2019 | Region: Global | 150 pages

Chitin, Chitosan and Derivatives Market Overview


Chitin, Chitosan and Derivatives Market has witnessed significant growth over the last few years and is projected to reach by USD 8,531.7 Million by 2025 at a CAGR of 8.7% from 2019 to 2025. Chitin is a natural polysaccharide found in crustacean shells, insect skin, and the cell walls of fungal species. Its derivatives such as chitosan and glucosamine find application in various industries. The global chitin, chitosan, and derivatives market is highly competitive with key industry players focusing on product portfolios, regional presence, strategic alliances, and industry experience. The key players are taking steps toward business expansions and market development, expanding their customer base. The international players may strengthen their presence worldwide through acquisitions during the review period.


Market Dynamics


Naturally obtained chitin and its derivatives are widely used in various application industries such as food & beverages, personal care, pharmaceuticals, nutraceuticals, textile, wastewater treatment, paper manufacturing, and agriculture. Thus, the wide application scope of chitin and its derivatives is fueling the growth of the global chitosan, and derivatives market. The abundant availability of raw material is another factor driving the growth of the market as it ensures the continuous and economical supply of raw material.


Global Chitin, Chitosan, and Derivatives Market Share, by Type, 2018 (%)  Chitin, Chitosan, and Derivatives Market


Source: MRFR Analysis


Segmentation


The Global Chitin, Chitosan, and Derivatives Market has been segmented on the Basis of Type, Application, and Region.


Based on type, the market has been segregated into chitin, chitosan, glucosamine, and others. The chitosan segment accounted for the largest market share in 2018. The dominance of the segment can be attributed to the high demand for chitosan in various application industries such as food & beverages, agriculture, aquaculture, food packaging, water treatment, and pharmaceuticals. By application, the market has been divided into food & beverages, pharmaceuticals & nutraceuticals, animal feed, agriculture, and others. The food & beverages segment is projected to be the fastest growing during the forecast period owing to the rising consumption of natural food products and beverages, mainly in North America and Europe.


Chitin, Chitosan, and Derivatives Market Size, by Application, 2017–2025 (USD Million)  Chitin, Chitosan, and Derivatives Market


Sources: MRFR Analysis


Regional Analysis


On the basis of region, the Global Chitin, Chitosan and Derivatives Market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.


North America accounted for the largest market share in 2018 while the market in Asia-Pacific is expected to register the highest CAGR during the review period. Growing health consciousness and increasing awareness regarding the benefits of chitin, chitosan, and their derivatives are the key factors driving the growth of the North American market. The presence of numerous pharmaceutical and nutraceutical manufacturers in North America is another factor boosting the consumption of chitin, chitosan, and derivatives in the region, with the US being the largest country-level Chitin Market.


Key Players


The Prominent Players in the Global Chitin, Chitosan and Derivatives Market include Advanced Biopolymers AS (Norway), G.T.C. Bio Corporation (China), Golden-Shell Pharmaceutical Co. Ltd. (China), Heppe Medical Chitosan GmbH (Germany), Kitozyme, LLC (Belgium), Zhejiang Shinfuda Marine Biotechnology Corp. (China), Meron Group (India), Primex EHF (Iceland), Zhejiang Candorly Pharmaceutical Co. (China), and Panvo Organics Pvt Ltd (India).


Chitin, Chitosan and Derivatives Market Segmentation


Global Chitin, Chitosan, and Derivatives Market, by Type



  • Chitin

  • Chitosan

  • Glucosamine

  • Others


Global Chitin, Chitosan, and Derivatives Market, by Application



  • Food & Beverages

  • Pharmaceuticals & Nutraceuticals

  • Animal Feed

  • Agriculture

  • Others


Global Chitin, Chitosan, and Derivatives Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Rest of Europe





  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia & New Zealand

    • Southeast Asia

    • Rest of Asia-Pacific





  • South America

    • Brazil

    • Argentina

    • Peru

    • Chile

    • Colombia

    • Ecuador

    • Rest of South America





  • Middle East & Africa

    • Middle East

    • Africa




Available Additional Customizations



  • Company profiles of key regional players

  • Country-level analysis


Intended Audience



  • Chitin, chitosan, and derivatives manufacturers/dealers

  • Food & beverage manufacturers

  • Research institutes and organizations

  • Traders, importers, and exporters



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 8,531.7 Million (2025)
  CAGR   8.7% (2019-2025)
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Advanced Biopolymers AS (Norway), G.T.C. Bio Corporation (China), Golden-Shell Pharmaceutical Co. Ltd. (China), Heppe Medical Chitosan GmbH (Germany), Kitozyme, LLC (Belgium), Zhejiang Shinfuda Marine Biotechnology Corp. (China), Meron Group (India), Primex EHF (Iceland), Zhejiang Candorly Pharmaceutical Co. (China), and Panvo Organics Pvt Ltd (India).
  Key Market Opportunities   Growing health consciousness
  Key Market Drivers   The abundant availability of raw material


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