The North America chitosan market is expected to attain a valuation of US$ 11.2 billion in 2023 and is projected to reach US$ 44 billion by 2033, expected to rise at a CAGR of 14.6% from 2023 to 2033.
The North American chitosan market is poised for significant growth in the foreseeable future due to increasing demand from diverse industries such as pharmaceuticals, biomedicals, personal care, water and wastewater treatment, agricultural chemicals, and more. Furthermore, the market for Chitosan is expected to be driven by the escalating demand for biocompatible and biodegradable substances in the coming years. Additionally, the ongoing research and development efforts aimed at creating biopolymers that fulfill the rising demand for less hazardous materials in various industries are projected to stimulate the demand for Chitosan in the near future.
The food and beverage industry is projected to experience a substantial demand for Chitosan due to favorable regulatory support from developed economies and growing awareness of the health benefits associated with the product. Moreover, the increasing use of Chitosan as a food preservative and stabilizer has significantly contributed to the market's expansion. Furthermore, the rising adoption of Chitosan as a clarifying agent in juices, a thickening agent in beverages, and for packaging food products is expected to drive the demand even further.
| Attribute | Details |
|---|---|
| Expected Market Value (2023) | US$ 11.2 billion |
| Anticipated Forecast Value (2033) | US$ 44 billion |
| Projected Growth Rate (2023 to 2033) | CAGR of 14.6% |
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The North American chitosan market was worth US$ 6.8 billion in 2018. It accumulated a market value of US$ 10.4 billion in 2022 while growing at a CAGR of 11.2% from 2018 to 2022.
chitosan market is expected to grow with a significant growth rate in the United States during the assessment period. The consumption of Chitosan is further estimated to grow by approximately 3.8 times over the forecast period in North America.
The growth of the North American chitosan market has been contributed by the growing demand for biodegradable and biocompatible substances in various end use industries including, pharmaceuticals and biomedical, personal care and cosmetics, water and waste water treatment, food and beverages, and others. This is due to manufacturers’ preference for the use of products with low carbon footprint along with the products which are associated with low waste generation which will decrease the cost of waste disposal and treatment to increase the profit margin.
On the basis of sources used for the production of chitosan, shrimp is anticipated to remain most preferred. Other sources includes lobsters, crabs, and fungi. Furthermore, there are several trends which are shaping the market of Chitosan in North America, which includes growing competition between the market participants, sustainable development, increasing investment in research for the development of the innovative and advance products and many others.
According to FMI’s analysis, chitosan market is expected to grow at 14.6% CAGR between 2023 and 2033. Chitosan is used in various end-use industries such as, pharmaceuticals and biomedical, water treatment, in personal care and cosmetics, agrochemicals, surgery and many others for several applications. Significantly growing end use segments is expected to benefit the market of chitosan. Moreover the growing demand for biodegradable and biocompatible materials in these end use industries is anticipated to boost the market of chitosan. Due to biocompatible nature, chitosan can be used in tissue engineering, for drug delivery, further the compound is used as coagulating and flocculating agent for water treatment, chitosan is further used as preservatives and as an ingredient if food and beverages and in nutraceuticals.
With the initiatives taken by the government to recover the economic growth and revive the performance of the industrial as well as commercial sector, chitosan market is expected to get the desirable growth from 2023.
Investment in research and development (R&D) for the development of advance and innovative products to meet the growing demand and challenges faced by the end-use industries plays a crucial role for the market growth of a product.
Some of the key participants are investing in R&D to introduce advance and innovative chitosan product to cater the growing demand from the end-use application sectors. Their efforts also are intended to increasing their market footprint. Further, the investment is being done for process development to manufacture chitosan by consuming less energy and emitting minimum Greenhouse gas.
A significant amount is also been invested in nanotechnology, to utilize chitosan nanoparticles for drug delivery system to treat cancer and also to utilize chitosan in tissue engineering.
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Extracting chitin from various living organisms and transforming it into chitosan and other chitosan-based products is an energy-intensive and expensive process. The process further generates a huge amount of waste and to neutralize this waste, a large amount of energy and cost are consumed. Chitosan and its derivatives are generally imported from Asia Pacific, including China, Japan, India, and other Southeast Asian countries owing to low cost and the limited production capacity of the manufacturers of North America.
Several chitosan manufacturers of North America produce chitosan by Good Manufacturing Practices (GMP) process. GMP is a system that ensures the product being produced is consistent and controlled as per the quality standards set for that particular product. This type of practice is being done in the field of pharmaceuticals, dietary supplements, cosmetics, food and beverages and others. All these factors contribute to the high cost of chitosan. High cost of chitosan affects the growth of chitosan for its bulk usage in several end use applications.
In North America, the United States holds for a prominent share in the market, accounting for about fourth fifth of the chitosan consumption in the region. The region is expected to grow with a CAGR of 14.8% until 2033. Owing to the strong industrialization and rapidly growing end-use application sectors the demand of chitosan has increased in the country.
Tthanks to strong trade relationship with the Asian players, import of chitosan based products from various Asian countries like China, India, Japan and others remain easy for the country, as Asian players provides chitosan at a low cost. Further, the growing research for the use of biopolymers in various end use industries is expected to benefit the market of chitosan in the country.
In the North America Chitosan market Canada holds about one fifth of the market share and the market is estimated to witness a significant growth rate over the forecast period. The market in this region is expected to grow with a CAGR of 14.4% during the forecast period.
Pharmaceuticals and biomedical and personal care application segments are expected to remain the prominent end users of for chitosan in Canada. Moreover, the growing demand of biopolymers in various end use industries is estimated to boost the market of Chitosan in the coming years in the country.
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By application, water treatment segment is expected to dominate the market by exhibiting a CAGR of 15.1% during the forecast period. Chitosan is used as coagulating and flocculating agent for the treatment of water and wastewater. It is because the compound helps to remove metal ions, bacteria, fungi and other microbes, dust particles, and other impurities from water and reduces odor from water.
The water treatment application segment accounts for about 15% of the overall chitosan consumption in North America. Moreover, the growing demand for water and wastewater treatment in the region is expected to boost the market of Chitosan in the coming years.
The shrimp segment is expected to dominate the North American chitosan market with a CAGR of 15.3% during the forecast period. A number of sources are used for the extraction of chitin for the production chitosan such as, lobsters, fungi, crabs, shrimps and many others.
Of all the sources, shrimp is anticipated to remain the prominent source utilized for the manufacturing chitosan in the region owing to the easy processing. The source is further anticipated to grow with a substantial growth rate during the assessment period.
It is being anticipated that nanotechnology will gradually make inroads in several sectors including medical, surgery, electronics, defense, water treatment, and others. Functional groups present in chitosan (hydroxyl and amino group) make chitosan an excellent adsorbing substance. Chitosan zinc oxide nanoparticles are efficient in removing 99% of colors from the effluent stream of the textile industry.
Chitosan nanoparticles can further be used as antibacterial and antimicrobial agents and gene delivery agents. These nanoparticles can also be used in antimicrobial textiles for the production of clothes for doctors, surgeons and other healthcare professionals.
Chitosan nanoparticles can further be utilized for skin regeneration. This type of nanoparticles can further be used for drug delivery systems, to treat cancer cells. Since chitosan is positively charged, it can attract negatively charged mucus and act as an excellent carrier for mucoadhesive drugs.
Start-ups are crucial in identifying growth opportunities, including the North America chitosan market. They effectively translate inputs to outputs and adapt to market uncertainties, contributing to the industry's expansion. Some start-ups are expected to drive growth in the North America chitosan market.
The market for North America chitosan is highly competitive, with numerous prominent industry players making substantial investments in their production.
The key industry players are KitoZyme S.A., Tidal Vision Inc., Chitolytic, CarboMer, Inc., Spectrum Chemical MFG Corp., Foodchem International Corporation, Meron Group, Mycodev Group, Toronto research Chemicals, MP Biomedicals.
Key market players are employing organic growth strategies such as acquisitions, mergers, partnerships, and collaborations to bolster their product portfolios. This concentrated effort is anticipated to drive the growth of the North America chitosan market.
| Attribute | Details |
|---|---|
| Market Value in 2023 | US$ 11.2 billion |
| Market Value in 2033 | US$ 44 billion |
| Growth Rate | CAGR of 14.6% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization & Pricing | Available Upon Request |
The North America chitosan market CAGR for 2033 is 14.6%.
The market is valued at US$ 11.2 billion in 2023.
The projected market value of the market for 2033 is US$ 44 billion.
Key players are developing the market by introducing new applications and expanding into new markets.
The key market players are KitoZyme S.A., Tidal Vision Inc., and Chitolytic.
1. Executive Summary
1.1. North America Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source, 2023 to 2033
5.3.1. Shrimp
5.3.2. Crab
5.3.3. Others
5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Water Treatment
6.3.2. Personal Care
6.3.3. Pharmaceuticals & Biomedical
6.3.4. Food & Beverages
6.3.5. Agrochemicals
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.4. Market Attractiveness Analysis By Region
8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By Source
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Source
8.3.3. By Application
8.4. Key Takeaways
9. Key Countries Chitosan Market Analysis
9.1. USA
9.1.1. Pricing Analysis
9.1.2. Market Share Analysis, 2022
9.1.2.1. By Source
9.1.2.2. By Application
9.2. Canada
9.2.1. Pricing Analysis
9.2.2. Market Share Analysis, 2022
9.2.2.1. By Source
9.2.2.2. By Application
10. Market Structure Analysis
10.1. Competition Dashboard
10.2. Competition Benchmarking
10.3. Market Share Analysis of Top Players
10.3.1. By Regional
10.3.2. By Source
10.3.3. By Application
11. Competition Analysis
11.1. Competition Deep Dive
11.1.1. KitoZyme S.A.
11.1.1.1. Overview
11.1.1.2. Product Portfolio
11.1.1.3. Profitability by Market Segments
11.1.1.4. Sales Footprint
11.1.1.5. Strategy Overview
11.1.1.5.1. Marketing Strategy
11.1.1.5.2. Product Strategy
11.1.1.5.3. Channel Strategy
11.1.2. Tidal Vision Inc.
11.1.2.1. Overview
11.1.2.2. Product Portfolio
11.1.2.3. Profitability by Market Segments
11.1.2.4. Sales Footprint
11.1.2.5. Strategy Overview
11.1.2.5.1. Marketing Strategy
11.1.2.5.2. Product Strategy
11.1.2.5.3. Channel Strategy
11.1.3. Chitolytic
11.1.3.1. Overview
11.1.3.2. Product Portfolio
11.1.3.3. Profitability by Market Segments
11.1.3.4. Sales Footprint
11.1.3.5. Strategy Overview
11.1.3.5.1. Marketing Strategy
11.1.3.5.2. Product Strategy
11.1.3.5.3. Channel Strategy
11.1.4. CarboMer, Inc.
11.1.4.1. Overview
11.1.4.2. Product Portfolio
11.1.4.3. Profitability by Market Segments
11.1.4.4. Sales Footprint
11.1.4.5. Strategy Overview
11.1.4.5.1. Marketing Strategy
11.1.4.5.2. Product Strategy
11.1.4.5.3. Channel Strategy
11.1.5. Spectrum Chemical MFG Corp.
11.1.5.1. Overview
11.1.5.2. Product Portfolio
11.1.5.3. Profitability by Market Segments
11.1.5.4. Sales Footprint
11.1.5.5. Strategy Overview
11.1.5.5.1. Marketing Strategy
11.1.5.5.2. Product Strategy
11.1.5.5.3. Channel Strategy
11.1.6. Foodchem International Corporation
11.1.6.1. Overview
11.1.6.2. Product Portfolio
11.1.6.3. Profitability by Market Segments
11.1.6.4. Sales Footprint
11.1.6.5. Strategy Overview
11.1.6.5.1. Marketing Strategy
11.1.6.5.2. Product Strategy
11.1.6.5.3. Channel Strategy
11.1.7. Meron Group
11.1.7.1. Overview
11.1.7.2. Product Portfolio
11.1.7.3. Profitability by Market Segments
11.1.7.4. Sales Footprint
11.1.7.5. Strategy Overview
11.1.7.5.1. Marketing Strategy
11.1.7.5.2. Product Strategy
11.1.7.5.3. Channel Strategy
11.1.8. Mycodev Group
11.1.8.1. Overview
11.1.8.2. Product Portfolio
11.1.8.3. Profitability by Market Segments
11.1.8.4. Sales Footprint
11.1.8.5. Strategy Overview
11.1.8.5.1. Marketing Strategy
11.1.8.5.2. Product Strategy
11.1.8.5.3. Channel Strategy
11.1.9. Toronto research Chemicals
11.1.9.1. Overview
11.1.9.2. Product Portfolio
11.1.9.3. Profitability by Market Segments
11.1.9.4. Sales Footprint
11.1.9.5. Strategy Overview
11.1.9.5.1. Marketing Strategy
11.1.9.5.2. Product Strategy
11.1.9.5.3. Channel Strategy
11.1.10. MP Biomedicals
11.1.10.1. Overview
11.1.10.2. Product Portfolio
11.1.10.3. Profitability by Market Segments
11.1.10.4. Sales Footprint
11.1.10.5. Strategy Overview
11.1.10.5.1. Marketing Strategy
11.1.10.5.2. Product Strategy
11.1.10.5.3. Channel Strategy
12. Assumptions & Acronyms Used
13. Research Methodology
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North America Chitosan Market
