July 26, 2022 10:45 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) -- The global Chitosan Market is anticipated to rise at a surprising CAGR of 14.3% between the forecast period of 2021 and 2031. The previous year's forecast was evaluated at a CAGR of 12.1% during 2016-2020. A noticeable increase in the application of chitosan for fighting infectious diseases and strengthening immunity has driven the market growth.

Increased consumer shift towards organic and natural products has led to rising application of chitosan among customers. Post pandemic, more and more consumers are on a constant lookout for environmental friendly and healthy alternatives, creating sales opportunities for the market due to chitosan’s renewability.

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Chitosan is a natural ingredient that helps food products remain fresh and retain their quality. In addition to that, it is also registered to have increased food additives application, making the food products tastier and healthier. Backed by these factors’ the chitosan market is registering high growth during the forecast years.

Agratech (KYTOSAN USA, LLC), Austanz Chitin Pty Ltd., CarboMer, Inc., Golden-Shell Pharamceuticals Co. Ltd, Heppe Medical Chitosan GmbH, KIMICA Corporation, Kitozyme, LLC, Kraeber & Co. GmbH, Meron Group, Qingdao Haijia Biology and Technology Co. Ltd, Tidal Vision Inc., Chitolytic, Marshall Marine Products, Zhejiang Aoxing Biotechnology Co. Ltd., are some of the key companies profiled in the full version of the report.

Companies are nowadays investing in research and development to launch new products with significantly enhanced properties. Patients with chronic injuries such as venous leg ulcers, diabetic foot ulcers, post-operative surgical wounds, pressure ulcers, skin abrasions, cavity wounds, and donor sites may benefit from the "first of its type" solution, which is supposed to give relief and speed recovery.

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More Insights into the Chitosan Market

With diverse usage of chitosan-derived products, it is also used in the manufacturing of contact lenses. Therefore, the promising uses of chitosan in the healthcare industry are expected to drive the chitosan market during the forecast period.

As per FMI, the North American chitosan market is anticipated to offer lucrative growth opportunities over the forecast period. In 2021, the U.S. is expected to hold over 80% of the market.

Consumers in the United States have health and well-being as their top priorities due to which a product that offers various health benefits backed by research results is likely to gain popularity.

With a market share of nearly 21% in 2021, Germany remains a leading market for chitosan in Europe. The growing demand for personal care products in Germany is providing new opportunities for players in the chitosan market.

The never-ending demand for natural ingredients in cosmetics and personal care products is also expected to result in significantly higher sales of the ingredients used in these products.

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Japan remains one of the leading markets for chitosan in East Asia, accounting for 55% market share in 2021.

Evolving customer preferences have grown the popularity of chitosan-based products in the Japanese market. Clean label products have been introduced in the dietary supplements & food additives market, with Chitosan playing a significant role.

China's chitosan market is poised to gain an attractive value share over the forecast period. It is expected to account for a share of nearly 30% in 2021 in the East Asia market.

India is expected to lead the South Asian market over the forecast years as it accounted for 45% of market care in 2021.

Table of Content 1. Market Overview

2. Scenario Assessment of the Impact of COVID-19 on Chitosan Market

    2.2. Market Scenario and Forward Path

    2.3. Key Factors Impacting the Market

Have a Look at Food and Beverage Domain Related Research Reports:  Chitosan Powder Market Size : The global demand for chitosan powder is forecast to grow at a healthy CAGR of around 6.38% CAGR during the forecast period between 2022 and 2032.

Chitosan Oligosaccharides Market Trends : The global chitosan oligosaccharides market holds a forecasted share of US$ 2.5 billion in 2022 and is anticipated to transcend US$ 9.8 billion by the end of 2032, moving ahead with a CAGR of 14% during the forecast period (2022-2032).

Egg Albumin Protein Market Outlook : The global egg albumin protein market is expected to reach a valuation of US$ 1.42 Bn by the end of 2022, accelerating at a CAGR of 7.3% during 2022-2032. The egg albumin protein market is anticipated to reach US$ 2.88 Bn in 2032.

Frozen Desserts Market Forecast : The global frozen desserts market is expected to reach a valuation of US$ 100.1 Bn by the end of 2022, growing at a CAGR of 5.8% by 2022-2032.

Drum To Hopper Blends Premix Market Shares : The global drum to hopper blends Premix market is expected to reach a valuation of US$ 752.1 Mn in 2022, with demand increasing at a CAGR of 7.4% over the assessment period.

Synthetic Food Colors Market Type : The global synthetic food colors market size is estimated to be valued at US$ 590 Mn in 2022 and is further expected to grow at a CAGR of 6% between 2022 and 2032

Quinoline Yellow WS Market Demand : The global quinoline yellow WS (water soluble) market is projected to reach a valuation of US$ 28.5 Mn in 2022, growing at a CAGR of 3.9% between 2022-2032.

Industrial Alcohol Market Analysis : The global industrial alcohol market size is set to be valued at US$ 110.3 Bn in 2022 and it is expected to grow at a CAGR of 7.6% from 2022 to 2032. The global market is projected to reach US$ 194.7 Bn by 2032.

Vitamin Premix Market Technology :         The global vitamin premix market is expected to reach a valuation of US$ 1.19 Bn in 2022, With sales projected to increase at a CAGR of 7.9% over the assessment period.

Mineral Premix Market Growth : The global mineral premixes market is expected to reach US$ 761.1 Mn by 2022, accelerating at a CAGR of 8.6% during the forecast period (2022-2032).

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