The global chitosan oligosaccharides and glucosamine market size is estimated to secure a valuation from USD 2,375.1 million in 2023 to USD 5,779.9 million by 2033. Over the next ten years (2023 to 2033), global chitosan oligosaccharides and glucosamine sales are likely to soar at 9.3% CAGR.
Key Trends Listed by Future Market Insights (FMI):
Chitosan oligosaccharides are derived from chitin these are the chin of sugars which is a natural polymer found in shells of crustaceans such as crabs, shrimp, and krill. it contains the health benefits of anti-inflammatory and antioxidant properties. These are used in various applications such as wound healing and dietary supplement for weight loss.
Manufacturers use these ingredients in various ways, depending on the intended application and the specific properties of the ingredient. As they are versatile ingredients that can be used in several applications to support health and wellness.
For instance, in 2020 Advanced Bio-Extracts launched a new chitosan oligosaccharide product called OligoGO. It is a unique product derived from non-GMO sources and its produced using advanced extraction techniques.
Attributes | Key Insights |
---|---|
Estimated Global Chitosan Oligosaccharides and Glucosamine Market Size (2023E) | USD 2,375.1 million |
Projected Chitosan Oligosaccharides and Glucosamine Market Value (2033F) | USD 5,779.9 million |
Value-based CAGR (2023 to 2033) | 9.3% |
Top 3 Countries’ Value | USD 1075.0 million |
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Market Statistics | Details |
---|---|
Jan to Jun (H1), 2021 (A) | 8.0% |
Jul to Dec (H2), 2021 (A) | 8.5% |
Jan to Jun (H1), 2022 Projected (P) | 9.2% |
Jan to Jun (H1), 2022 Outlook (O) | 8.9% |
Jul to Dec (H2), 2022 Outlook (O) | 10.3% |
Jul to Dec (H2), 2022 Projected (P) | 9.8% |
Jan to Jun (H1), 2023 Projected (P) | 8.9% |
BPS Change: H1, 2022 (O) to H1, 2022 (P) | 26 |
BPS Change: H1, 2022 (O) to H1, 2021 (A) | 93 |
BPS Change: H2, 2022 (O) to H2, 2022 (P) | -43 |
BPS Change: H2, 2022 (O) to H2, 2022 (A) | 175 |
According to the Future Market Insights (FMI) analysis, global chitosan oligosaccharide sales grew at a CAGR of 9.6% from 2018 to 2022. For the next ten years, the worldwide chitosan oligosaccharides and glucosamine market is forecast to progress at 9.3% CAGR.
It is used in dietary supplements to increase joint health, reduce inflammation and boost overall wellness. Manufacturers use these ingredients in various forms such as tablets, capsules, and powders in combination with other vitamins and minerals.
Consumers are aware of using environmental-friendly products to protect the environment and all of these are inhabitants as well as the organisms in it. It has the benefits of chitosan-based products such as eco-friendliness and biodegradability.
Various end-use industries are using chitosan-based products and they are more inclined towards the benefits. the leading manufacturers and producers of food products focusing on the production of these ingredients for their end-use products.
Consumers are driving innovation in cosmetics through the use of safe ingredients. They have increasingly preferred cosmetics made of natural ingredients with active functions on their skin and would prefer to pay more for a cosmetic that promises more skin benefits
Among these biopolymers, chitosan oligosaccharides have attracted the attention of both scientists and industry men due to their numerous potential applications in biomedicine, agriculture, paper making, the food industry, and the textile industry.
Hyaluronic Acid Market:
Attributes | Hyaluronic Acid Market |
---|---|
CAGR (2023 to 2033) | 6.7% |
Market Value (2033) | USD 16,000.8 million |
Growth Factor | The rising prevalence of arthritis and joint pain across the globe is fuelling the demand for hyaluronic acid in the pharmaceutical industry. |
Opportunity | As hyaluronic acid is used to treat joints, leading healthcare companies are improving the adoption of this acid in several products. So it will create new opportunities for manufacturers. |
Key Trends | The rising demand for less invasive cosmetic operations is another factor driving the adoption of hyaluronic acid in the global market |
Chitosan Market:
Attributes | Chitosan Market |
---|---|
CAGR (2023 to 2033) | 14.3% |
Market Value (2033) | USD 5,112.4 million |
Growth Factor | Consumer demand for clean labels and sustainable products is rising, and the use of chitosan as an antimicrobial agent is anticipated to grow in the forecasted period. |
Opportunity | A natural polysaccharide, can improve the fining process and enhance the sensory properties of wine. This has opened new opportunities for manufacturers to develop innovative fining agents. |
Key Trends | The growing interest in non-GMO products is a further reflection of this overall trend. So this adaption will boost the Chitosan Market |
Chitosan Powder Market:
Attributes | Chitosan Powder Market |
---|---|
CAGR (2023 to 2033) | 6.4% |
Market Value (2033) | USD 4,340.5 million |
Growth Factor | Expanding use in biomedical and cosmetic applications, and potential in the textile and paper industries for its antimicrobial properties. |
Opportunity | Growing demand for natural and eco-friendly products, and potential in drug delivery systems. opened new opportunities for manufacturers |
Key Trends | Rising demand in agriculture and food industries for its biodegradability and non-toxic nature. |
Region | North America |
---|---|
Country | United States |
CAGR | 12.2% |
BPS Analysis | 130 |
Market Value (2033) | USD 1,769.1 million |
Region | Europe |
---|---|
Country | United Kingdom |
CAGR | 7.8% |
BPS Analysis | 60 |
Market Value (2033) | USD 493.0 million |
Region | Asia Pacific |
---|---|
Country | China |
CAGR | 11.8% |
BPS Analysis | 90 |
Market Value (2033) | USD 595.1 million |
Region | Asia Pacific |
---|---|
Country | India |
CAGR | 13.1% |
BPS Analysis | 70 |
Market Value (2033) | USD 624.5 million |
Region | Asia Pacific |
---|---|
Country | Japan |
CAGR | 7.4% |
BPS Analysis | 80 |
Market Value (2033) | USD 371.1 million |
The growing consumer base of natural and Healthy products in the United States
As per Future Market Insights, the United States chitosan oligosaccharides and glucosamine market is projected to exhibit phenomenal growth of USD 1,769 million by 2033. It has a dominating value share of 33.0% in the North American market.
The United States chitosan oligosaccharides market is expanding as it has a large and growing consumer base in the country. consumers in the United States are preferring natural and healthy products, there is increasing demand for chitosan-based products in the United States.
The United States Regulations are supporting the use of the chitosan oligosaccharides products industry. The FDA guidelines established for the dietary supplement make it easy for chitosan manufacturers to bring the products into the market, so the United States market is expected to grow in the forecasted period
Increasing Health Issues Driving Chitosan Oligosaccharides and Glucosamine Demand in India
According to FMI analysis, the India Chitosan oligosaccharides and glucosamine industry is poised to exhibit a CAGR of 13.1% during the assessment period. By 2033, India’s market size is expected to reach USD 624.1 million.
The Indian market has an elderly population that is susceptible to age-related health issues such as joint pain and inflammation. Chitosan oligosaccharides have anti-inflammatory and joint health benefits. so that is the reason for the demand for these products among the elder population
The Indian government is started the various campaign and several initiatives to promote the nutraceutical industry, they have established the Nutraceuticals division under the Department of Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homoeopathy (AYUSH).
It will create a regulatory environment for chitosan oligosaccharides and glucosamine manufacturers in India. It has supported the growth of the chitosan industry.
Increasing Usage of Chitosan Oligosaccharides and Glucosamine as Supplement Boosting Sales in China
Chitosan oligosaccharides and glucosamine demand in China is projected to grow at a steady CAGR of 11.8% during the forecast period from 2023 to 2033. By the end of 2033, Also the China market is projected to exhibit growth of USD 595.1 million by 2033.
The income of Chinese consumers is rising now the disposable income on spending health and wellness products. This has a greater demand for glucosamine and chitosan, it will be safe and efficient supplements for joint health and inflammation.
Therefore, the use of natural ingredients like chitosan that can support a health claim is becoming increasingly important. Some of these ingredients are sensitive and need to be protected, whilst staying available to the body.
So several manufacturers in China use these ingredients. It will facilitate food companies in the application of leading-edge clinically proven functional ingredients with claimable benefits.
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Demand in the Market Remain High for Chitosan Oligosaccharides and Glucosamine Powder form
Based on Form Type, demand is projected to remain high for powder form of chitosan oligosaccharides and glucosamine during the assessment period. As per the FMI analysis, with a CAGR of 6.4%, the Powder segment has a valuation of USD 4,340.5 million in 2033.
The powder form has versatile properties and it can be used in a various range of products, such as dietary supplements, cosmetics and personal care, and food and beverage products. The chitosan oligosaccharides powder form is versatile in nature.
The chitosan can be easily measured with the other food products and it can be easily added to the nutritional products which will be easy for the manufacturers to use it in their products
The powder form is more stable form compared to the liquid and capsule forms, which can degrade with time. It has a longer shelf life which makes it preferable for the manufacturers to choose the powder form.
Regulatory Compliance Making Dietary Supplement of Chitosan Oligosaccharides and Glucosamine More Popular
The dietary supplement segment is anticipated to thrive at 6.6% CAGR during the projection period to reach a market valuation of USD 3,782.5 million in 2033.
Manufacturers choose the dietary supplement application compared to pharmaceuticals. Which will be a more complex and costly process. The regulatory requirements comply with the chitosan and glucosamine so that the manufacturers choose. it has less cost and a less complex process
The market for dietary supplements is increasing rapidly in developing countries including India and China. this growth has led to an increase in the demand for the chitosan oligosaccharides ingredient.
The Sustainability Nature of Shrimp Chitosan Oligosaccharides and Glucosamine Fuelling their Demand
The Shrimp segment is expected to register a CAGR of 4.9% from 2023 to 2033. The target segment is likely to reach a market value of USD 916.6 million by the end of 2033.
In the shrimp processing industry, shrimp shells are waste products and it is a sustainable way if manufacturers use this waste material to extract the chitosan ingredient which will be utilized in the shrimp shell waste.
It will make the shrimp a preferable choice compared to the other sources and make it an attractive option for consumers who are conscious of the environmental damage.
The Shrimp shells are the cost-effective option compared to the crab and krill. this will make the Shrimp an attractive option for the chitosan oligosaccharides manufacturers to reduce their production costs.
The chitosan oligosaccharides made from shrimp have high purity and the purity ensures that the ingredient is effective for use in the product and safe for the consumption of the consumers
Leading manufacturers are launching a new range of products to meet consumer demand. Using the strategies such as mergers & acquisitions, partnerships, distribution agreements, collaborations, advertisements, and celebrity endorsements to gain a competitive edge in the market.
For instance:
Attribute | Details |
---|---|
Market Size Value in 2023 | USD 2375.1 million |
Market Forecast Value in 2033 | USD 5,779.9 million |
Anticipated Growth Rate (2023 to 2033) | 9.3% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Volume (MT) and Value (USD Million) |
Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
Key Market Segments Covered | Source, Form, Application and Region |
Key Companies Profiled | Primex ehf; Advanced Biopolymers AS; Golden-Shell Pharmaceutical Co., Ltd.; G.T.C. Bio Corporation; Panvo Organics Pvt Ltd; Qingdao Fraken International Trading Co., Ltd.; Yantai Shuangta Food Co., Ltd.; Amicogen Inc.; Koyo Chemical Co., Ltd.; Haidebei Marine Bioengineering Co., Ltd.; Zhejiang Golden-Shell Pharmaceutical Co., Ltd.; Qingdao BZ-Oligo Biotech Co., Ltd.; FMC Corporation |
The market is valued at USD 2,375.1 million in 2023.
The market is estimated to hold a 9.3% CAGR by 2033.
China’s market is estimated to record an 11.8% CAGR.
A 6.4% CAGR is projected for the powder form segment until 2033.
Dietary supplements are projected to expand at a 6.6% CAGR by 2033.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Global - Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 7.1. Shrimp 7.2. Crab 7.3. Krill 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 8.1. Powder 8.2. Liquid 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 9.1. Dietary Supplements 9.2. Food & Beverages 9.3. Animal Feed 9.4. Cosmetics & Personal Care 9.5. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Country-level Market Analysis, 2022 19. Market Structure Analysis 20. Competition Analysis 20.1. Advanced Biopolymers AS 20.2. Agratech International, Inc. 20.3. Bioiberica S.A.U. 20.4. CarboMer, Inc. 20.5. GTC Bio Corporation 20.6. Heppe Medical Chitosan GmbH 20.7. Primex ehf. 20.8. Primex Innovations Inc. 20.9. Qingdao Yunzhou Biochemistry Co., Ltd. 20.10. Seagarden AS 20.11. Zhejiang Golden-Shell Pharmaceutical Co., Ltd. 21. Assumptions and Acronyms Used 22. Research Methodology
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