Chitin and chitosan derivatives market
DUBLIN, May 7, 2024 (Globe Newswire) — The “Chitin and Chitosan Derivatives – Global Strategic Business Report” report has been added. ResearchAndMarkets.com Recruitment.
Global chitin and chitosan derivatives market expected to reach $24.9 billion by 2030
The global market for chitin and chitosan derivatives was estimated at USD 9.2 billion in 2023 and is projected to reach a revised size of USD 24.9 billion by 2030, growing by 15.3% over the analysis period 2023-2030. growing at a CAGR of
Chitin and chitosan, versatile biomaterials, are undergoing current and future analyzes to compare biopolymers with fossil fuels and evaluate the factors that determine their long-term viability. The bacteriostatic properties of chitosan are an application area of great interest, although there are regulatory concerns. In 2024, chitin and chitosan derivatives will see competition among major global competitors with varying degrees of market presence.
Chitosan derivatives are expected to register a CAGR of 17.2% and reach USD 15.1 billion by the end of the analysis period. The growth of the glucosamine derivatives segment is estimated at a CAGR of 11.9% over the next seven years.
Glucosamine remains in the lead in dietary supplements, where plant-based ingredients are on the rise due to the rising prevalence of arthritis and orthopedic conditions. While nutritional supplements continue to promote growth, chitosan is gaining attention for weight management and cholesterol control. Additionally, the use of chitosan in water treatment and bioanalytical science is increasing, and the demand for natural skin care products also portends market expansion.
The US market is estimated at $2.7 billion, while China is expected to grow at a CAGR of 14%
The US chitin and chitosan derivatives market is estimated to be USD 2.7 billion in 2023. China, the world's second largest economy, is predicted to have a market size of USD 4.1 billion by 2030, with a CAGR of 14%. Other notable geographic markets include Japan and Canada, which are expected to grow by 14% and 12.8%, respectively, between 2023 and 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 10.7%.
Key attributes:
report attributes |
detail |
number of pages |
192 |
Forecast period |
2023-2030 |
Estimated market value in 2023 (USD) |
$9.2 billion |
Projected market value to 2030 (USD) |
$24.9 billion |
compound annual growth rate |
15.3% |
Target area |
global |
Market overview
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Insights into the influencer market
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Global market trajectory
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Latest information on the world economy
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Chitin and chitosan – versatile biomaterials
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Current and future analysis
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Biopolymers vs. fossil fuels
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Factors determining the long-term viability of chitin and chitosan
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Bacteriostatic properties – an area of application of chitosan that is of great interest
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Regulatory concerns
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Chitin and Chitosan Derivatives – Market Share Percentage of Global Major Competitors in 2024 (E)
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Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024
Market trends and drivers
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Despite intense competition, glucosamine maintains its lead in nutritional supplements
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Plant-based glucosamine – a growing market
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Rising prevalence of arthritis and other orthopedic diseases supports demand for glucosamine
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Nutraceuticals continue to drive growth
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Chitosan attracting attention for weight management and cholesterol control
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Water treatment applications driving demand
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Increasing use of chitosan in bioanalytical science
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Rising demand for natural skin care products portends market growth
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Medical applications of chitin and chitosan – over-the-counter opportunities
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Medical textiles and biological bandages
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Possible medical applications to promote growth
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Chitosan-coated nanoparticles loaded with chemotherapeutic agents that target cancer stem cells
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Treatment of tumors and leukemia
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Tissue engineering – an important emerging field
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Potential alternative for acute burns
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In the preparation of anti-inflammatory drugs
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aids in bone formation
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Chitosan as an analgesic
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Prevention of collagen digestion by collagenase
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Minimizes adhesion formation and epicardial reaction
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Chitosan for enteral delivery of nitrofurantoin
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Effectiveness of chitosan post-treatment in preventing calcification
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Treatment of hypoinsulinemia
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Effect of chitosan DAC in the treatment of chronic kidney disease
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FLS chitin and chitosan
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Controlled release of endothelial growth factor from chitosan albumin microspheres for local angiogenesis
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Modifying Chitosan – Key to Expanding the Use of Chitosan in Drug Delivery Research
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Drug Delivery Applications – Hot Growth Area
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Some of the research and findings on chitosan nanoparticles for oral drug delivery applications
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Some of the research and findings on chitosan nanoparticles for pulmonary drug delivery applications
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Chitosan-based nanoparticles attract great interest in mucosal routes of drug delivery
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Some of the research and discoveries on chitosan nanoparticles for drug delivery applications specific to enhancing mucosal adhesion
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Unique challenges to the marketability of chitosan in drug delivery
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Chitosan-based vaccine successfully completes human clinical trials
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Research underway to understand chitosan's potential to enhance immune response to vaccination
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Problems with marchitosan in antibacterial applications
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Chitosan-infused wound dressings offer the potential to alleviate antimicrobial resistance issues
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Chitin-based silver nanoparticles demonstrate potential to prevent malaria
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Agriculture and food industry
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The use of chitin and chitosan in crop protection provides a viable solution to the treatment of seafood waste
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It is attracting increasing attention due to its application to improving crop yields.
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Renewable chemicals: potential market
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Combating biological stress: a promising future
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Infection- and odor-fighting fibers – potential new uses for chitosan
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Insect chitin attracts attention.Project “ChitoTex” is in progress
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Nano3Bio Initiative – Heralding the move towards environmentally friendly chitosan production
Focus on carefully selected players(39 special features in total)
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Advanced Biopolymer AS
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GTC Bio Co., Ltd.
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Heppe Medical Chitosan GmbH
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chitozyme
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Kuntoyo Bio Co., Ltd.
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Kytosan USA, LLC
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melon biopolymer
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Primex EHF
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Zhejiang Candlery Pharmaceutical Co., Ltd.
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Zhejiang Xinbuda Marine Biological Technology Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/nfxn1z.
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