Reports
Reports
Sale
The North America chitosan market reached a value of around USD 888.30 million in 2023. During the forecast period between 2024 and 2032, the market is expected to grow at a CAGR of 9.3% to reach around USD 2,017.10 million by 2032.
North America Chitosan Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 888.30 |
Market Size 2032 | USD Million | 2,017.10 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 9.3% |
CAGR 2024-2032 - Market by Region | USA | 10.2% |
CAGR 2024-2032 - Market by Region | Canada | 8.3% |
CAGR 2024-2032 - Market by Source | Shrimp | 10.2% |
CAGR 2024-2032 - Market by Application | Water Treatment | 10.5% |
Market Share by Region | USA | XX% |
The market is expected to witness significant growth due to product’s rising demand from pharmaceuticals, biomedicals, personal care, agricultural chemicals, and water and wastewater treatment industries. The demand of North America chitosan market is driven by the growing inclination towards biocompatible and biodegradable substances.
Chitosan is also used as a food preservative, stabiliser, clarifying agent, and in packaging of food items. As consumers become aware of the health benefits of chitosan, the demand for chitosan in food industry will also grow. Additionally, the ongoing research & development to develop advanced biopolymers are expected to increase the North America chitosan market revenue further. In November 2022, Chitogen Inc., a US medical haemostat manufacturing company, partnered with tru Shrimp Companies, Inc. to purchase chitosan made from shrimp exoskeletons. This expanded Chitogen’s SoftSeal haemostat product line into the European Union and surged the development of surgical haemostats.
CAGR 2024-2032 - Market by | Source |
Shrimp | 10.2% |
Crab | 9.8% |
Squid | 8.9% |
Others | 8.3% |
In terms of applications, the market is segmented into water treatment, cosmetics, pharmaceuticals, food & beverages, and others. Water treatment leads the chitosan market share in North America with a CAGR of 10.5%, driven by the increasing adoption of chitosan as an eco-friendly coagulant and flocculant in water treatment processes. The cosmetics segment follows with a CAGR of 9.9%, reflecting rising consumer preference for natural and bio-based ingredients in cosmetic formulations.
Pharmaceuticals exhibit a CAGR of 9.4%, expanding due to chitosan’s application in drug delivery systems and wound healing products. Rising number of accidents and injuries is positively impacting the North America chitosan market value. Food & beverages show a CAGR of 8.9%, driven by chitosan’s role as a food preservative and dietary supplement. Miscellaneous applications contribute with a CAGR of 8.3%, supporting overall market diversification and growth.
CAGR 2024-2032 - Market by | Application |
Water Treatment | 10.5% |
Cosmetics | 9.9% |
Pharmaceuticals | 9.4% |
Food & Beverages | 8.9% |
Others | 8.3% |
Geographically, the United States dominates the North America chitosan industry with a CAGR of 10.2%. The U.S. market benefits from its large size, substantial investments in research and development, and high demand across multiple industries including water treatment, pharmaceuticals, cosmetics, and food & beverages. Canada follows with a CAGR of 8.3%, driven by growing applications in water treatment and increasing utilisation in pharmaceuticals and cosmetics sectors. The expanding applications can provide significant North America chitosan market opportunities, propelled by diverse sourcing strategies, expanding application areas, and strategic geographic advantages across the United States and Canada.
CAGR 2024-2032 - Market by | Region |
USA | 10.2% |
Canada | 8.3% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the North America chitosan market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the North America chitosan market.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the North America chitosan market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the North America chitosan market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Source |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Chitosan Market Analysis
8.1 Key Industry Highlights
8.2 North America Chitosan Historical Market (2018-2023)
8.3 North America Chitosan Market Forecast (2024-2032)
9 North America Chitosan Market by Source
9.1 Shrimp
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Crab
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Squid
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Others
10 North America Chitosan Market by Application
10.1 Water Treatment
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cosmetics
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Pharmaceuticals
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Food & Beverages
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Chitosan Market by Country
11.1 United States
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Canada
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Primex EHF
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 G.T.C. Bio Corporation
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 KitoZyme S.A.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Heppe Medical Chitosan GmbH
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Agratech International, Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.