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A01409 | Pages: 300 | Charts: 59 | Tables: 176 |
The global chitosan market was valued at $7.8 billion in 2023, and is projected to reach $42.8 billion by 2033, growing at a CAGR of 18.7% from 2024 to 2033.
Market Introduction and Definition
Chitosan is a natural polysaccharide derived from chitin, which is found in the exoskeletons of crustaceans such as shrimp, crabs, and lobsters. It is produced through a process of deacetylation, where chitin is treated with an alkaline substance to remove acetyl groups, converting it into chitosan. This biopolymer is known for its biocompatibility, biodegradability, and non-toxicity, making it highly valuable in various applications.
Chitosan possesses excellent film-forming and gelling properties, which are beneficial in medical and pharmaceutical fields for wound dressings, drug delivery systems, and tissue engineering. It also has antimicrobial properties, enhancing its use in food preservation and packaging. In agriculture, chitosan is used as a natural pesticide and plant growth enhancer. In addition, its ability to chelate metals makes it useful in water treatment processes for removing heavy metals and other contaminants. Chitosan's versatility and eco-friendly nature drive its demand across multiple industries, despite production and regulatory challenges.
Key Takeaways
Key Market Segments
Key Market Players