Organic and natural cosmetics are trending worldwide, exerting great dependency on the global chitosan market, building bridges of opportunities in the future years. According to the expert analysis of IndustryARC, the global chitosan market breached a remarkable value of $1.3bn in the year 2018. And, as per the evaluations of the experts, the pitching demand for chitosan will experience a burgeoning compound annual growth rate (CAGR) of 10.05% through to 2025.
The report is titled “Chitosan Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019-2024.” The report features market scopes, prospects, and detailed industrial analysis for the nascent and consolidated companies. The aforementioned data also indicates an outstanding rate of productivity and revenue income from this sector.
Global Chitosan Market: Demand Analysis
Chitosan has set forth a benchmark of innovation for the modern world’s inclination towards organic products. Made from the crustacean shell, chitosan offers a pool of benefit to the industrial sector. Chitosan is a biopolymer evoking higher demand due to its flexible qualities. Chitosan has entered the food industry owing to its non-toxicity and moisture retaining characteristic, which improves the shelf-life of packaged foods. Textile industry has also utilizes this natural product to create eco-friendly fabrics, fibers, and coatings. With a wide range of applications, chitosan manufacturing is experiencing sustained growth and transforming into a lucrative market.
Global Chitosan Market: Leading Segments
North America, being surrounded by Pacific Ocean, Atlantic Ocean, and Arctic Ocean, is a rich source for shrimps and crustaceans. Resultantly global market demand is higher for chitosan in North America. In the year 2018, North America contributed a regional share of 20% to the global chitosan market demand.
There is a notable increase in the medical, agricultural, and food and additives industry in North America owing to the availability of the core organic product- chitosan. The cosmetics industry is marching towards organic productivity and the chitosan market serves as the leading supplier for fulfilling natural product requirements. The application of chitosan in global cosmetic market will have a CAGR of 8.10% in the forecast period of 2019-2025
Global Chitosan Market: Disruptive Trends
Ø Wastewater Treatment Technology
The revolutionary technique of water treatment through chitosan is readily utilized as a substitute for chemical water treatment. The coagulating and adsorption quality helps chitosan composite to purify industrial wastewater from several impurities such as metals, organic compounds, dyes, drugs, oils, pesticides and many more.
Ø Organic Cosmetic Ingredient
As an excellent alternative to chemical products, chitosan is highly efficient and reliable incorporating properties including being moisture-locked, anti-fungal, anti-bacterial as well as biocompatible. Used in hair sprays and dyes, creams and cleansers, as well as in deodorants, these products are favorable for being hypoallergenic. Chitosan based cosmetics have become market drivers and are propelling huge demand and growth of the global chitosan market.
Ø Pesticide and Fertilizer Source
The antimicrobial characteristic of chitosan inhibits any bacterial, fungal, and viral disease in plants and seeds and acts as natural bio control and elicitor. It has been in the forefront of agricultural advancement being an organic pesticide, additionally enhancing the natural defense capability of the host plant.
Ø Potential Medical Benefits
Chitosan innovation has come a long way to being used in drugs for its potential health benefits in healing wounds, tissue regeneration, and blood coagulation. This has been possible owing to the versatile properties of chitosan such as biodegradability, biocompatibility, being antibacterial, and fungistatic. Chitosan nanoparticles are used in tissue engineering and in delivery of antigens, drugs, and vaccines to various body parts through oral or nasal routes attributing to its unique non-toxic characteristics.
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What can you expect from the report?
The Chitosan Market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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