According to IMARC Group’s latest report, titled “Asia Pacific Chitosan Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Chitosan is a carbohydrate extracted from the outer shells of numerous crustaceans, including crabs, lobsters, shrimp, etc. It is a fibrous material derived from chitin and finds applications as a dietary supplement to block the absorption of cholesterol and fats. Chitosan is primarily used in pharmaceutical drugs as an essential component for treating various medical ailments, such as anemia, hyperphosphatemia, kidney failure, high blood pressure, etc. It is also utilized as a filler in tablets to enhance the dissolvability of drugs and reduce their bitter taste. Apart from this, chitosan is widely used as a natural antimicrobial agent across several sectors, including cosmetics, agriculture, food and beverage (F&B), etc.
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The expanding pharmaceutical industry and the growing product utilization to produce hemodialysis membranes, biomedical and tissue regeneration devices, implant coatings, etc., for drug delivery systems are among the key factors driving the Asia Pacific chitosan market. In line with this, the elevating prevalence of obesity and the rising consumer awareness towards the importance of weight management are further propelling the market growth. Moreover, the increasing adoption of chitosan in water and wastewater treatment plants for eliminating numerous impurities, such as heavy minerals, toxic substances, phosphorous, etc., is acting as another significant growth-inducing factor. Besides this, the launch of various favorable policies by government bodies to enhance the quality of surface, ground, and drinking water is anticipated to fuel the Asia Pacific chitosan market over the forecasted period. Looking forward, IMARC Group expects the Asia Pacific chitosan market to continue its robust growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Breakup by Grade:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Breakup by Source:
Breakup by Application:
- Water Treatment
- Food & Beverages
- Medical & Pharmaceuticals
Breakup by Country:
- South Korea
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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