Chitosan Market Size Worth $28.93 Billion by 2027 | CAGR 24.7%

Grand View Research, Inc. - Seite 2

North America is expected to emerge as one of the major markets for chitosan during the forecasted period, registering a CAGR of 19.2% in terms of volume, between 2020 to 2027. The region has experienced a growing demand for chitosan products owing to increasing biobased industries. Manufacturers are heavily investing in R&D activities to develop the pure grade of chitosan. However, high production cost owing to the irregular supply of the raw material is anticipated to hamper market growth over the forecast period.

The market is highly fragmented in nature owing to the presence of a large number of small-scale players, especially in countries including Japan, China, Thailand, and South Korea. These countries have favorable government regulations to promote growth of their fishery industry. Hence, several companies such as Qingdao Yunzhou Biochemistry Co., Kyowa Technos Co., Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., and KIMICA Corporation have manufacturing as well as distribution channels present in the region.

Grand View Research has segmented the global chitosan market on the basis of application and region:

• Chitosan Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
• Water Treatment
• Pharmaceutical & biomedical
• Cosmetics
• Food & beverage
• Others
• Chitosan Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Asia Pacific
• Japan
• China
• India
• South Korea
• Singapore
• Central & South America (CSA)
• Brazil
• Middle East & Africa
• Saudi Arabia

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