The global chitosan oligosaccharides market holds a forecasted share of USD 2.5 billion in 2022 and is anticipated to transcend USD 9.8 billion by the end of 2032, moving ahead with a CAGR of 14% during the forecast period (2022 to 2032).
The demand for chitosan oligosaccharides is being driven by increased waste from the seafood industry, government support for waste utilization, and a rise in its applications.
Furthermore, the rise in demand for bio-based cosmetic products is expected to propel the global chitosan oligosaccharides market growth during the forecast period.
| Report Attribute | Details |
|---|---|
| Chitosan Oligosaccharides Market Value (2022) | USD 2.5 Billion |
| Chitosan Oligosaccharides Market Anticipated Forecast Value (2032) | USD 9.8 Billion |
| Chitosan Oligosaccharides Market Projected Growth Rate (2022 to 2032) | 14% |
Chitosan is a polysaccharide that has low solubility, and thus, is hydrolysed into small fragments to obtain chitosan oligosaccharides which has more solubility due to the presence of some amino acids and the same is likely to rise the demand for chitosan oligosaccharides.
Chitosan oligosaccharide is less bitter as compared to chitosan polysaccharide and the sales of chitosan oligosaccharides is on the rise owing to its availability in powder as well as liquid form.
The rising demand for chitosan oligosaccharides can also be attributed to its wide range of application in industries such as food, beverage, cosmetics, wastewater treatment, etc.
The sales of chitosan oligosaccharides is likely to gain momentum as it is used as an eco-friendly agricultural material in the formulation of organic fertilizers, inorganic fungicides, etc.
Ongoing R&D activities are expected to investigate new applications and uses for chitosan, in turn, provides impetus to the chitosan oligosaccharides market share in coming years.
Rising product demand from the cosmetics industry, as well as an expanding scope of product application in waste-water treatment, are projected to scale up the sales of chitosan oligosaccharides.
Furthermore, the elimination by the Mexican government of stringent regulations that restricted the establishment of new manufacturing units has resulted in the development of new and large-scale pharmaceutical manufacturing facilities in the region.
This strategy has been critical in driving domestic pharma industry growth, which is further expected to fuel the demand for chitosan oligosaccharides near future.
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The increase in the agricultural industry is anticipated to have a positive impact on the overall demand for chitosan oligosaccharides across the globe.
According to FAO, more than 60% of the global population depends on agriculture for survival. Hence, as the world population increases, the demand for agricultural products is estimated to increase.
The same is likely to further enhance the demand for agricultural fertilizers and other such products, in turn, the demand for chitosan oligosaccharides.
The chitosan oligosaccharide is used in the preparation of fertilizers, seed treatment products, plant activator, etc. and many more which is expected to spike the sales of chitosan oligosaccharides.
The demand for chitosan oligosaccharides is also credited to its excellent solubility and beneficial antioxidant and antimicrobial properties which increases the innate immunity of the plants.
Chitosan oligosaccharide decreases and eliminates the infection against the pathogenic agents and regulates the immunization at the gene level.
The chitosan oligosaccharides market share is anticipated to enlarge as the same encourages manufacturers in the agricultural industry to prefer the use of chitosan oligosaccharides in the preparation of various agricultural products.
The increase in the agriculture industry is also estimated to boost the sales of chitosan oligosaccharides.
Approximately 6 million tons of crab, lobster, and shrimp shell’s waste is generated all over the world every year. Such waste can be utilized in the production of chitosan, which can be further hydrolysed to obtain chitosan oligosaccharide.
Thus, the abundance of raw material is estimated to serve as a driver for chitosan oligosaccharides market share.
On the flip side, the demand for chitosan oligosaccharides in tandem with the sales of chitosan oligosaccharides are likely to dwindle due to the high production cost.
The production of chitosan oligosaccharides is a time-consuming process and requires close monitoring to maintain the quality of the product and the same can also act as a restraint in the chitosan oligosaccharides market.
The process of hydrolyses to form chitosan oligosaccharides requires monitoring a difference in process timing can affect its chain length and solubility, in turn, affecting the sales of chitosan oligosaccharides on the whole.
The demand for chitosan oligosaccharides is estimated to augment in the Asia Pacific region to a considerable extent.
The increase in urbanization and industrialization are expected to serve as drivers for the sales of chitosan oligosaccharides as industrialization increases, the quantity of wastewater also increases.
Moreover, the decrease in the groundwater levels makes it necessary to use a proper wastewater treatment procedure to fulfil the water requirements of the huge population.
Thus, the increase in wastewater treatment is anticipated to have a positive impact on the demand for chitosan oligosaccharides as it is an eco-friendly chemical which can be effectively used in the treatment of wastewater.
Also, the increase in the agricultural sector is estimated to boost the sales of chitosan oligosaccharides in the Asia Pacific region.
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Few of the key market players in the chitosan oligosaccharides market are Kunpoong Bio Co., Ltd, Auro Biotechnologies Pvt. Ltd., Marshall Marine Products, News-Golden-Shell Pharmaceutical Co., Ltd, T.C. Bio Corporation, Zhejiang Aoxing Biotechnology Co.,LTD, Jinan Haidebei Marine Bioengineering Co.Ltd., Yaizu Suisankagaku Industry Co., Ltd.
These market players are involving in various strategies such as mergers & acquisitions, partnerships, etc. in order to consolidate their market position and expand the chitosan oligosaccharides market share.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 14% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Source, Form, Grade, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Kunpoong Bio Co., Ltd; Auro Biotechnologies Pvt. Ltd.; Marshall Marine Products; News-Golden-Shell Pharmaceutical Co., Ltd; T.C. Bio Corporation; Zhejiang Aoxing Biotechnology Co.,LTD; Jinan Haidebei Marine Bioengineering Co.Ltd.; Yaizu Suisankagaku Industry Co., Ltd. |
| Customization | Available Upon Request |
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The global chitosan oligosaccharides market is set to advance at a CAGR of 14% from 2022 to 2032.
The increase in urbanization and industrialization are expected to serve as drivers for the sales of chitosan oligosaccharides majorly in the Asia Pacific region.
Some of the key players in the global chitosan oligosaccharides market are Merck KGaA, ADM Animal Nutrition, Inc., Wuxi Jinghai Amino Acid Co., Ltd., Wuhan Microsen Technology Co., Ltd., Evonik Industries AG.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 5.1. Crab 5.2. Shrimp 6. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 6.1. Liquid 6.2. Powder 7. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade 7.1. Food Grade 7.2. Agriculture Grade 7.3. Pharmaceutical Grade 7.4. Cosmetic Grade 8. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 8.1. Food and Beverage Industry 8.2. Waste Water Treatment 8.3. Pharmaceutical Industry 8.4. Cosmetic and Personal Care Industry 8.5. Agriculture Industry 8.6. Textile Industry 8.7. Chemical Industry 8.8. Animal Feed Supplements 9. Global Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia & Pacific 9.6. MEA 10. North America Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. East Asia Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. South Asia & Pacific Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Chitosan Oligosaccharides Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Chitosan Oligosaccharides Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Kunpoong Bio Co., Ltd 18.2. Aura Biotechnologies Pvt. Ltd. 18.3. Marshall Marine Products 18.4. Golden Shell Pharmaceutical Co., Ltd 18.5. T.C. Bio Corporation 18.6. Zhejiang Aoxing Biotechnology Co., LTD 18.7. Yaizu Suisankagaku Industry Co., Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Chitosan Oligosaccharides Market
