Global Chitin And Chitosan Market To Register CAGR Of 15.4% From 2016 To 2021

Global chitin and chitosan market to register CAGR of 15.4% from 2016 to 2021

25-Jul-17

The global chitin and chitosan market should reach US$4.2 bln by 2021 from US$2 bln in 2016 at CAGR of 15.4% from 2016 to 2021. The chitosan market should reach US$2.1 bln by 2021 from US$1 bln in 2016 at a CAGR of 16.1% from 2016 to 2021. The glucosamine market should reach US$1.6 bln by 2021 from US$775 mln in 2016 at a CAGR of 15.2% from 2016 to 2021.

Chitin is the second largest biopolymer after cellulose with a wide range of applications. Chitin is a natural polymer derived from marine crustaceans, shrimps, crabs and other non-animal sources. It is produced through waste products from the seafood processing industry. Recently the demand for chitin and chitosan has increased due to its easy availability and easy production process. Properties such as its nontoxicity, biocompatibility and biodegradability make it ideal for making healthcare products sutures, implants and artificial organs. The key factors driving the rising demand for chitin and chitosan include their wide range of applications, large number of end-user industries and significant developments in the research of chitin and chitosan derivatives. The major end-user industries include water treatment, food and beverages, personal care products, agrochemicals, industrial, biomedicine, pharmaceuticals and a number of other industries.

It can stimulate defensive mechanism properties in plants, making it ideal for crop protection. Chitin and chitosan derivatives are natural polymers and provide an ecofriendly solution to variety of applications such as water treatment, biomedical, pharmaceuticals, fertilizers and pesticides. Chitin and chitosan derivatives are used in dietary supplements because of their various health benefits. The report analyzes and classifies products and applications of chitin and chitosan derivatives. The report intends to explain the key trends in the industry. It discusses the industries that are using the products and studies the motivating and restraining factors. The report will be a key decision-making tool for the intended audience.