Global Chitosan Market to reach $5.1 Bn by 2024 - PowerPoint PPT Presentation

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Global Chitosan Market to reach $5.1 Bn by 2024

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More Information @ Chitosan market size for cosmetics/toiletries segment is projected to witness gains closer to 18.5% in the coming years. This is mainly attributed to its application in manufacturing anti-aging creams. For instance, retinol—the main active ingredient in anti-aging cosmetics is extremely unstable under the influence of light, especially at elevated temperatures. – PowerPoint PPT presentation

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Title: Global Chitosan Market to reach $5.1 Bn by 2024


1
Chitosan Market to reach 5.1 Bn by 2024 Global
Market Insights Inc.
2
Industry Overview
  • Chitosan Market to surpass USD 5.1 billion by
    2024 driven by Rising water treatment activities
    in Asia Pacific. Strong product demand in
    personal care cosmetics industry in Europe and
    North America will majorly contribute to the
    chitosan market size in the near future.
    Consumers in these regions are increasingly
    attracted towards cosmetics with natural
    ingredients as they are positioned as healthier
    and safer alternatives to conventional cosmetics.
    Product finds wide-spread applications in hair
    care, skin care, and dental care products. They
    exhibit excellent skin moisturizing properties as
    it moisturizes the skin as well as prevents
    dehydration.
  • Europe cosmetics personal care industry was
    valued close to USD 87 billion in 2017, which is
    anticipated to grow at a moderate rate in the
    coming years. However, the growth of cosmetics
    with organic ingredients is being increasingly
    preferable and therefore likely to trigger
    product demand significantly in the coming years
    and thereby resulting in attaining higher gains
    to the chitosan market size by 2024.
  • Significant cost of production is probable to
    impede the overall the chitosan market size by
    2024. This is mainly attributed to multistep
    production process which needs close monitoring
    as product end-use vary based on its quality.
    However, rising product use across various
    end-users such as pharmaceutical, food
    beverage, water treatment, agriculture, etc. will
    generate sufficient opportunities for chitosan
    market growth by 2024.

3
Continue
  • Crabs based chitosan market size is anticipated
    to grow at a CAGR close to 19.0 by 2024. This is
    mainly attributed to extensive product use across
    various end-user industries including
    healthcare/medical, cosmetics, water treatment,
    cosmetics, agriculture, etc. For instance, crabs
    based chitosan are widely used in the production
    of medicines which are used to treat obesity,
    high cholesterol, prevention of increase in blood
    pressure, improving intestinal environment, etc.
    The product derived from chitosan is also used
    widely in food beverage industry which includes
    formation of biodegradable films coatings,
    immobilization of enzymes, as an antimicrobial
    agent and dietary supplement, owing to its
    hypocholesterolemic properties.
  • Based on end-users, chitosan market size for
    healthcare/medical constituted approximately 20
    of the overall poliglusam market share in 2017.
    This is mainly used in the production of bandages
    owing to its exceptional wound healing
    characteristics. Product also finds application
    in manufacturing pharmaceutical drugs as filler
    and as a carrier for controlled release drugs. In
    addition, it is used as a coating on
    pharmaceutical products to mask the unsavoury
    medicine taste. The above-mentioned features and
    advantages will complement chitosan market size
    for healthcare/medical application over the
    forecast timeframe.

4

Browse Full Market Research Report Of Chitosan
Market _at_ https//bit.ly/2d5qsXm Request
for a Sample of this Research report _at_
https//bit.ly/2d5rwKF
5
U.S. chitosan market size, by end-user, 2013 -
2024 (USD Million)

6
Industry Coverage

7
Continue
  • Asia Pacific led the total chitosan market and
    accounted for more than 55 of the industry size
    in 2017. This is attributed to rapidly growing
    cosmetic market which is mainly due to rise in
    socio-economic factors and youth population in
    India and China. Moreover, Asia Pacific has a
    tremendous potential in pharmaceutical market, as
    many foreign companies are investing in India due
    to its business-friendly policies. Additionally,
    India and China have a wider scope in biomedicine
    field due to the continuing research in this
    area. The personal care and health care industry
    is rapidly evolving in India, Indonesia, Malaysia
    and Vietnam. Therefore, the above-mentioned
    factors are likely to augment chitosan demand in
    Asia Pacific, which will have subsequent impact
    on poliglusam market size in the forecast
    timeframe. Food beverage industry in the region
    is also growing at a higher pace which is
    attributed to rising working population and high
    demand for packaged food products and drinks.
    This escalating growth in food industry is
    because of ease comfort offered by packed foods
    and improving living standards in the region.
  • Key poliglusam market share contributors are
    Panvo Organics, KitoZyme, GTC Bio Corporation,
    FMC Health Nutrition, Golden Shell
    Pharmaceutical, Marshal Marine, Primex, among
    others. Some of these companies are investing to
    form strategic alliances to generate higher gains
    and attain higher market presence in the market.
    For instance, FMC Corporation had announced about
    acquiring DuPont crop protection business portion
    to enhance its sales and attain higher gains
    across the globe.

8
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