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Global Chitosan Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Report Code :CHM 1025
2016-2024
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Executive Summary
Sample Request Global Chitosan Market Share (%), By Region-2016-2024
Global Chitosan Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
2024f
Asia Pacific
Source: Goldstein Research
In 2016,
7.00% 10.00 % 13.00 2024 50.00 % % 20.00 %
7.00 10.0 0%% 13.0 50.0 2016 0% 0% 20.0 0% Europe
North America
Middle East & Africa
Source: Goldstein Research
Water Engineering accounted for the highest market share XX% in Global Chitosan Market
Global Chitosan Value Share (%), On The Basis Of Source -2016
With
XX% share in 2016, Asia Pacific (APAC) region dominated the Global Chitosan Market
Global Chitosan Volume Share (%), By End User Industry-2016
Chitosan Total Value Of Exports By Countries (USD), 2016
Cosmetics
XX%
13.00% 25.00%
Shrimp
12.00% Squid
Paper Industry
17.00%
Food Processing
XX% XX% XX%
Algae
Fungi
11.00%
Textile Industry
Krill
18.00%
0.40%
Water Engineering
XX%
Crab XX%
15.00%
XX%
Agriculture
24.00%
Photography
XX% XX%
Biomedical & Pharmaceutical Application Other (Solid state batteries, etc)
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Latin America
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60.00%
Vietnam China Belgium France Spain United States Denmark Germany Egypt Kazakistan Morocco Colombia Nigeria
Key Findings
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According to this research report, the global chitosan market is expected to reach an estimation of about USD XX million by the end of the year of estimation from a value a little under USD XX million in 2016. The global chitosan market is projected to reflect a CAGR of XX% throughout the period of forecast Key factors driving market growth include increasing applications and surging demand for Chitosan and chitosan from agrochemicals and healthcare/medical end-use sectors. Other factors propelling market growth include increased demand from developing markets, including Asia-Pacific, Latin America and the Middle East. Chitosan and Chitosan are valuable versatile natural materials derived from shells of prawns and crabs. The current and potential applications of Chitosan, chitosan and their derivatives in fields of biomedicine, nutrition, food processing, pharmacology, microbiology, agriculture and cosmetics are vast and exciting. They are also used in various applications ranging from antibiotics and surgical sutures to dietary supplements, food and pet foods and cloth for socks and undergarments. These natural compounds are poised to make waves, especially in the fields of biomedicine, nutrition and food, the report states
e l p
Chitosan is widely used in healthcare industry due to properties such as renewable origin, biocompatibility, nonallergenicity, non-toxicity, and biodegradability in the body Owing to excellent biological activities such as antifungal, anticholesteremic agent, antitumor, antibacterial, antithrombogenic, immunoadjuvant, and bioadhesivity, Chitosan is widely used as a hydrating agent and absorption promoter. It also used for applications such as film production and wound healing. Chitosan is also used as an excipient and drug carrier in gel, film, or powder form for many applications including mucoadhesivity.
m a S
Adoption of chitosan in bacteriostatic and bactericidal properties
Increasing usage of chitosan in bioanalytical sciences
Growing water treatment application of chitosan
Global Chitosan Export (Million Tones Per Annum), By Region, 2016 Asia Pacific
2014 2016 Copyright
Europe
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
XXXX Million Tones Per Annum
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Increasing demand of chitosan in crop protection
Global Chitosan Market Overview, By Region and Market Players-2016 Global Chitosan Market Share (%), By Region, 2016
XX% Asia Pacific
XX%
Europe XX%
m a S XX%
North America
Middle East & Africa
XX%
Latin America
Source: Goldstein Research
Global Chitosan Market Share (%) , By Companies, 2016
e l p XX%
XX%
XX%
GTC Bio Corporation
XX%
Panvo Organics Pvt. XX%
KitoZyme S.A. Xianju Tengwang Chitosan Factory FMC Health
XX%
XX%
Golden-Shell Pharmaceutical Co. BioPhrame Technologies
Source: Goldstein Research
Asia Pacific is the largest market for chitosan globally and, in 2016, the region’s global revenue share is forecast to be XX percent, Japan dominated the industry accounting for XX% of the market in 2016. Early adoption of the product, especially for water treatment application in the region has resulted in the high growth. The regional manufacturers export chitosan for the North American and European market for various applications. VNF (Vietnam Foods) is the largest by product processing in Vietnam, it's invested the most modern aquatic byproduct processor using Zero Waste Technology. VNF has advantage source of raw material which VNF is partnered with the top shrimp exporter in the world (Minh Phu Corporation). Therefore, VNF is able to assures about the international standards of our Chitosan products. Moreover, VNF factories are invested properly and placed in material zones (Mekong Delta). Last but not least, Vnf owns a very strong R&D capability by collaborating with Nha Trang University, the leading institution for researching about fisheries sector. Copyright
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Market Dynamics
Growth Drivers
Drug Delivery Application
Growth Barriers
m a S
Use Of Chitosan In Weight Management And Cholesterol Control
e l p Not Exploring The Wider Variety Of Application
Stability Of The Chitosan Can Be Disrupted Due To External And Internal Factors
General Trend
Highly Complex
Moderately Complex
Waived
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Impact Analysis of Chitosan Market on the Basis of Major Market Forces Governments hold much sway over the free markets. The fiscal and monetary policies that governments put in place have a profound effect on the financial marketplace. By increasing and decreasing interest rates the government and Federal Reserve can effectively slow or attempt to speed up growth within the country. This is called monetary policy. If government spending increases or contracts, this is known as fiscal policy, and can be used to help ease unemployment and/or stabilize prices.
Governments
Supply and Demand
m a S
Major Market Forces Impacting Chitosan Market
Speculation and Expectation
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International Transactions
e l p
The flow of funds between countries impacts the strength of a country's economy and its currency. The more money that is leaving a country, the weaker the country's economy and currency. Countries that predominantly export, whether physical goods or services, are continually bringing money into their countries. This money can then be reinvested and can stimulate the financial markets within those countries. Supply and demand for products, currencies and other investments creates a push-pull dynamic in prices. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases. Government news releases, such as proposed changes in spending or tax policy, as well as Federal Reserve decisions to change or maintain interest rates can also have a dramatic effect on long term trends. The lowering of interest rates and taxes can encourage spending and economic growth. www.goldsteinresearch.com
Global Chitosan Market Share(%) , Market Size (USD Billion)- By Source, 20162024 Key Findings
Global Chitosan Market Share (%) By Source, 2016-2024
Shrimp
13.00%
Crab
XX%
12.00%
XX%
XX%
Squid
2024
2016 XX%
15.00%
XX%
25.00%
 The chitosan market is moderately concentrated due to the presence of a few multinational and regional vendors. New entrants are experiencing growth opportunities in the market due to the rising application of chitosan in pharmaceutical and biomedical and water treatment. As a result, existing key players of the chitosan polymer market are focusing on the production of new and differentiated products. The properties associated with chitosan such as antibacterial, anti-fungal and anti-viral has availed its scope in food and beverages food & beverages and agriculture industry.
e l p
18.00% 17.00%
Krill
XX%
Global chitosan industry is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024 owing to commercialization of technologies that substantially increases the demand for chitosan, although the specification for very low levels of impurities presently favors synthetic chitosan over purified natural chitosan
Algae
Fungi
m a S
Source: Goldstein Research
Global Global Chitosan Chitosan Market, Market, Y-O-Y Y-O-Y Growth, Growth, By By Source, Source, 2016-2024 2016-2024
Global Global Chitosan Chitosan Market Market Size Size (USD (USD Billion), Billion), By By Source-2016-2024 Source-2016-2024 XX
XX
XX XX
Shrimp
Crab
XX
XX
2016 Squid
XX
Krill
XX
XX
XX
XX
Fungi
Algae
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XX
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2024
2016e
2017e
2018f
2019f
2020f Y-o-Y
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2021f
2022f
2023f
2024f
North-America Chitosan Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 North-America Chitosan Market Size(USD Billion)-2016-2024
182,928. 172,928. 4 4 152,928. CAGR: (2016-2024) 141,934. 4 131,569. 5 122,244. 113,569.4 105,774. 9 8 7 98,541.8
North-America Chitosan Market Share (%) By Source 2016-2024
XX%
Shrimp
e l p Crab
XX%
XX%
XX%
Squid
XX%
2016
Krill
XX%
XX%
2016e
2017e
2018f
2019f
Source: Goldstein Research
2020f
m a S 2021f
2022f
2023f
2024f
North-America Chitosan Market Size (USD Billions), By Country2016-2024
Algae
Fungi
Source: Goldstein Research
North-America Chitosan Market Size (USD Billion), By Source-20162024
XX
XX
XX
XX XX
2016
2024 U.S.
Source: Goldstein Research
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13.00 25.00 % 12.00 % % 15.00 18.00 2024 % 17.00 % %
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XX
XX XX
XX
XX
XX
Crab
XX
XX
XX
XX
2016 Shrimp
XX
Squid
Krill
Canada
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2024 Algae
Fungi
Porter’s Five Force Model
Customer can easily switch to substitute products. So substitutes are a threat to your company. When there are actual and potential substitute products available then segment is unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.
Barriers to Entry HIGH Presence of Major Players, Chitosan Extraction, Revenue Assurance
Supplier Power: HIGH
Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing •Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright
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The Barriers to Entry are significantly high which means that it is difficult for outside companies to enter the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence and obtain the necessary clearance from regulatory agencies and obtain the profit.
e l p
Threat of new entrants
m a S Bargaining power of suppliers
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Industry Competitors: HIGH Yunzhou Biochemistry Co., Advanced Biopolymers AS, etc
Bargaining Power of buyers
Buyer Power: LOW
Threat of substitute products or services
Substitutes: MODERATE
The power of Buyers is significantly low and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is high as there are multiple supplier for a particular product for companies to compete on price when they do not have any point of differentiation.
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