Chitosan is Gaining Traction in Terms of Eco-Friendliness & Biodegradability
As a result, a number of companies are shifting their preferences away from synthetic components and toward products based on chitosan. A naturally occurring substance with high bioactivity, biocompatibility, and bioavailability is chitosan. It has been demonstrated that adding chitosan to traditional medicine significantly boosts its ability to fight infections. The healthcare sector uses chitosan to treat diseases like diabetes, cancer, and tuberculosis. It is also used in nutraceuticals and the agricultural sector to make bio-pesticides, treat seeds, coat leaves, and other products. Additionally, chitosan is added to foods and beverages as an antioxidant. The development of treatments for various ailments as a result of research into the use of chitosan-based goods is expected to drive the chitosan market over the forecast period.
Chitosan Market is Being Driven by the Cosmetics & Personal Care Industry
Non-GMO cosmetics ingredients like chitosan are in great demand due to the growing number of health-conscious consumers. The need for non-GMO-certified products from companies was inferred from the trend in the market for cosmetic components globally. When it comes to parenting, parents are becoming more conscious about the components used in infant products available in the market, which is why they prefer functional ingredients that are non-GMO and unmodified. This will provide an opportunity for the chitosan market to grow in the near future.
Recent Trends in the Chitosan Industry
- Chitosan’s are increasingly utilized in biomedical and pharmaceutical applications.
- Innovations in using chitosan coatings for food packaging and preservation.
- Chitosan is being adopted for wound healing and tissue engineering purposes.
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The Chemical Composition of Chitosan is Likely to be a Challenge
Market Participants are Aiming to Gain Ground with Advances in Technology
Moreover, FrieslandCampina Kievit constructed a unique corporate entity called Kievit Ventures, which has sped up long-term innovation in encapsulation technology. To preserve their global presence, companies are equally concentrating on expanding their manufacturing operations globally. A number of market participants in the chitosan market are actively investing in research and development operations in order to create new applications. For instance, in March 2020, a leading player engaged in chitosan research, Bioavanta-Bosti, created the Novochizol production technique, which may be utilized to encapsulate any active medicinal ingredient.
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Increasing Use of Chitosan in Food & Beverage Leading to Market Growth
Consumers, especially millennials, like claims about clean labels and transparency. Players in the chitosan market are discovering better opportunities as a result of the rising demand for personal care products in Germany. The maximum daily intake of chitosan has been set at 3 g by the Panel on Dietetic Products, Nutrition, and Allergies of the European Food Safety Authority. Additionally, it is anticipated that sales of the components utilized in these products will increase dramatically as a result of the rising demand for natural ingredients in cosmetics and personal care products.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Austria, Sweden, Norway, Denmark, Finland, Ireland, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Morocco, Algeria, Israel, Iran, Kenya, Turkey, Rest of MEA |
Chitosan Market Research Report Covers In-depth Analysis on:
- Chitosan market detailed segments and segment-wise market breakdown
- Chitosan market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in chitosan industry)
- Current, historical, and forthcoming 10 years market valuation in terms of chitosan market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Chitosan market demand analysis
- Chitosan market pricing analysis over the forecast period (by key segment and by region)
- Chitosan market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the chitosan market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in chitosan market
- Chitosan market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the chitosan market forecast by countries
- Mergers and acquisitions in the Chitosan market
- Essential information to enhance market position
- Robust research methodology