Chitosan market players outside China are likely to consider production expansions during the pandemic, to meet the growing demand for chitosan source diversification from end user industries.
DUBAI, UAE / ACCESSWIRE / August 20, 2020 / The chitosan market is expected to rise 2.4x between 2020 and 2030 with a very promising 9.5% CAGR. The coronavirus outbreak is likely to marginally impact the chitosan industry, as production activities in multiple countries have been limited by lockdown regulations. However, potential biomedical application of chitosan polymers as viral inhibitors will generate key growth opportunities during the crisis.
"Chitosan is known as good source of digestive fiber and is finding use increasingly in nutraceutical supplements intended for weight loss. The material is also playing critical roles in water treatment applications owing to its superior absorption capabilities, boosting demand through the forecast period," says the FMI study.
Request a report sample to gain comprehensive market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11443
Chitosan Market - Leading Takeaways
- Food processing and packaging applications are gaining ground owing to chitosan's anti-microbial characteristics.
- Crabs as a source of chitosan are gaining popularity owing to higher yield and biodiversity initiatives.
- Asia Pacific is a key market for chitosan production and consumptions, owing to demand in food processing and biomedical research in Japan and South Korea.
Chitosan Market - Growth Factors
- Strong demand for chitosan in developing countries for water treatment and agriculture applications support growth.
- Niche applications for biomedical and cosmetic product development generate lucrative growth opportunities.
Chitosan Market - Constraints
- Poor moisture stability of chitosan limits applications in biomedical and cosmetics development.
- High costs of chitosan production on terms of quality will hinder adoption and application.
Expected Impact on Market by Coronavirus Outbreak
Lockdown restrictions imposed by governments around the world has reduced the production of chitosan. Disruptions in supply chains of raw materials limit short term growth prospects. On the other hand, agriculture and waste water treatment applications will sustain demand during this period. Also, research into the use of chitosan polymers as a viral inhibitor in boosts demand for the material in biomedical applications for the covid-19 virus.
Explore data on the chitosan market with 67 figures, 12 tables and the ToC. You will also find market segmentation on https://www.futuremarketinsights.com/askus/rep-gb-11443
Competition Landscape
Some of the key players participating in the chitosan market are Kytosan LLC, Qingdao Yunzhou Biochemistry Co., Koyo World Co. Ltd., Panvo Organics Pvt. Ltd., Nano3 Bio, Advanced Bioplymers AS, Primex EHF, Meron Biopolymers, Golden-Shell Pharmaceutical Co., and Biophrame Technologies.
Leading players in the chitosan market have been increasingly investing in research to widen the scope of applications, particularly in the field of biomedicine to generate lucrative revenue sources.
For instance, Regenerative Technologies Inc. has initiated clinical studies on the use of chitosan biopolymers for rotator cuff tear repair applications. On a similar note, Kitozyme has unveiled a chitosan gel for osteoarthritis treatment. Monsanto is funding CRISPR gene editing research with chitosan for fruit and vegetable production.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-11443
More on the Report
FMI's provides in-depth insights on the chitosan market. The market is segmented in terms of application (water treatment, pharmaceutical & biochemical, food & beverage, cosmetics, and others), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Explore Wide-ranging Coverage of FMI's Chemicals and Materials Landscape
Bio-Plastics Market: Find insights on the bio-plastics market with analysis of statistics, segments, players, influencers, and business strategies adopted over a 6-year forecast period.
BRIC Automotive Plastics Market: FMI's report on the BRIC automotive plastics market provides insights on the market for 2015-2020. The study evaluates restraining forces, revenue sources, and market leaders along with market strategies.
Biobased Biodegradable Plastics Market: An analysis on the biobased biodegradable plastics market with data on opportunities, growth levers, regional markets, restraints, regulatory policies, and strengths of market leaders.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/chitosan-market
Press Release Source: https://www.futuremarketinsights.com/press-release/chitosan-market
SOURCE: Future Market Insights
View source version on accesswire.com:
https://www.accesswire.com/602571/Global-Chitosan-Market-to-Find-Growth-Opportunity-as-Viral-Inhibitor-During-the-Covid-19-Pandemic-Market-to-Grow-24x-by-2030-Says-Future-Market-Insights
