Chitin Market

Chitin Market Size, Share & Trends Analysis Report

Chitin Market Size, Share & Trends Analysis Report By Chitin Forms(α- Forms, Β- Forms, Γ- Forms) By Derivative Type(Glucosamine, Chitosan, Chitin Oligosaccharides, Chitin Hydrogels, Others) By Source(Shrimp, Crab, Krill, Lobsters, Insects, Squid, Others) By End user(Food and Beverages, Agrochemical, Agrochemical, Healthcare, Cosmetics and Toiletries, Waste and Water Treatment, Others) Based On Region, And Segment Forecasts, 2022 - 2028

Published
Report ID : BMRC 166
Number of pages : 300
Published Date : Apr 2023
Category : Chemical And Materials
Delivery Timeline : 48 hrs

Chitin Market is valued at USD 1.08 Billion in 2021 and expected to reach USD 1.97 Billion by 2028 with a CAGR of 8.88% over the forecast period

Global Chitin Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028.Increasing demand in healthcare and other industries are key drivers for Global Chitin Market.

Scope of Chitin Market-

Chitin is an organic substance which is very abundant in nature and obtained from shrimp, crab, and others. It consists of a long polymer chain of N-acetyl glucosamine which is a derivative of glucose and plays a protective role in eukaryotes. It plays an important role in biological structures fungal cell walls, egg shells of nematode and others. So, during the study of Global Chitin market, we have considered Chitin product type and end use industry to analyze the market.

Chitin Market Key Players-

Global Chitin market report covers prominent players like.

  • Navamedic ASA
  • Kunpoong Bio Co. Ltd.
  • Advanced Biopolymers AS
  • Biothera
  • Heppe Medical Chitosan GmbH
  • Sonat Co.
  • PrimexEhf
  • Meron Biopolymers
  • Dalian Xindie Chitin Co. Ltd.
  • CarboMer Inc.
  • United Chit technologies Inc.
  • Taizhou Candorly Sea Biochemical
  • Ningbo Zhenhai Haixin Biological
  • AgraTech
  • Bannawach Bio-Line
  • Golden-Shell Pharmaceutical
  • Weifang Haizhiyuan Biological
  • Qingdao Yunzhou Biochemistry.

Chitin Market Segmentation-

Global Chitin Market report is segmented on the basis of product type, end user type and by regional & country level. Based upon Product type, global Chitin Market is classified as glucosamine and chitosan. Based upon end users, global Chitin Market is classified as Healthcare, waste water treatment, agrochemical, cosmetics and toiletries, and others.

By Chitin Forms

  • α- Forms
  • Β- Forms
  • Γ- Forms

By Derivative Type

  • Glucosamine
  • Chitosan
  • Chitin Oligosaccharides
  • Chitin Hydrogels
  • Others

By Source

  • Shrimp
  • Crab
  • Krill
  • Lobsters
  • Insects
  • Squid
  • Others

By End user

  • Food and Beverages
  • Agrochemical
  • Healthcare
  • Cosmetics and Toiletries
  • Waste and Water Treatment
  • Others

Chitin Market Dynamics-

The commercialization and growth of global Chitin market over the past 25 years has been highly impactful. As chitin is widely used in healthcare industry for the treatment of various diseases such as tuberculosis, to control cholesterol, wound healing and others will fuel the chitin market over the forecast period. For instance, 9093 new cases of tuberculosis have been diagnosed in the U.S. in 2017representing the incidence rate of 2.8 cases per 100,000 populations. Chitin is also used in various industries for various other applications such as waste water treatment, cosmetics and others. For waste water treatment it is used as coagulation and flocculating agent to remove heavy metals and ions from the water and reduces odor. All the above mentioned factors are expected to drive the growth of chitin market over the forecast period.

Chitin Market Regional Analysis-

North America dominates the market with highest market share closely followed by Europe due to the increase in the healthcare industry as most of the manufacturers are established in these regions. Asia Pacific is expected to grow significantly over the forecast period due to the increase in the healthcare facilities and industry in the developing regions.Indian healthcare sector is expected to reach USD 133.44 billion by 2022. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. The sector is expected to generate 40 million jobs in India by 2030. As of June 2018, number of primary health centers (PHCs) increased to 32,743 and number of sub centers reached to 167,732. Increased used of chitin in other applications all around the world is expected to support the growth of chitin market over the forecast period.

On Special Requirement Chitin Market Report is also available for the below Regions and Countries:

The regions covered in this Chitin Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of chitin is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Report Analysis

Details

Historical data

2015 - 2020

Forecast Period

2022 - 2028

Market Size in 2021:

USD 1.08 Billion

Base year considered

2021

Forecast Period CAGR %:

8.88% 

Market Size Expected in 2028:

USD 1.97 Billion

Tables, Charts & Figures:

175

Pages

200

Chitin Market Key Players

Navamedic ASA, Kunpoong Bio Co. Ltd., Advanced Biopolymers AS, Biothera, Heppe Medical Chitosan GmbH, Sonat Co., PrimexEhf, Meron Biopolymers, Dalian Xindie Chitin Co. Ltd., CarboMer Inc., United Chit technologies Inc., Taizhou Candorly Sea Biochemical, Ningbo Zhenhai Haixin Biological, AgraTech, Bannawach Bio-Line, Golden-Shell Pharmaceutical, Weifang Haizhiyuan Biological, Qingdao Yunzhou Biochemistry.

Segments Covered

By Chitin Forms, By Derivative Type, By Source, By End User

Regional Analysis

North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Chitin Market-

  • Global Chitin market report covers in depth historical and forecast analysis.
  • Global Chitin Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global Chitin Market report helps to identify opportunities in the marketplace.
  • Global Chitin Market report covers extensive analysis of emerging trends and the competitive landscape.
SUMMARY