#Chitosan #Market #Size #Surpass #USD #Billion
New York, US, Sept. 28, 2022 (GLOBE NEWSWIRE) — Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Chitosan Market Information by Source, Application, and Region- Forecast till 2030”, the market is estimated to acquire a size of over USD 8.7 Billion by the end of 2030. The report further predicts the market to thrive at a healthy CAGR of over 25.9% during the review timeframe.
Market Scope:
Chitosan, a linear polysaccharide, is obtained by applying an alkaline material, such as sodium hydroxide, to the chitin shells of shrimp and other crustaceans. There are several potential industrial and medical applications for chitosan. Uses for chitosan include those in the food and beverage business, the pharmaceutical and nutraceutical industries, the personal care industry, and the agricultural sector. When applied to seeds or used as a biopesticide, chitosan helps plants resist fungal diseases. Chitosan is used as a fining agent and antimicrobial in the beverage industry, notably in winemaking.
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Report Scope:
| Report Attribute | Details |
| 2030 Market Size | USD 8.7 Billion |
| CAGR | 25.9% (2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | by Source, Application, Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increasing demand from the cosmetics industry |
| Rising scope of usage in waste-water treatment industry |
Competitive Dynamics:
The largest companies in this field finance research into more efficient and secure manufacturing processes. Market leaders are also working to diversify their product offerings by creating a wide variety of chitosan products that vary in purity and are therefore applicable across a variety of end-use sectors. In…
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