North America Chitosan Market Size, Share, Growth, Report: By Source: Shrimp, Crab, Squid, Others; By Application: Water Treatment, Cosmetics, Pharmaceuticals, Food & Beverages, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

North America Chitosan Market Size

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 Outlook

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.

Shrimp-Derived Chitosan Leads the North America Chitosan Market Share Due to its Cost-Effectiveness and Wide Abundance

• Shrimp-derived chitosan leads the market with a CAGR of 10.2%. Abundant availability of shrimp shells as a byproduct and cost-effective extraction processes drive its prominence. 

• As per North America chitosan industry analysis, crab-sourced chitosan follows closely with a CAGR of 9.8%, owing to high chitosan yield and strong mechanical properties, particularly valued in biomedical applications. 

• Squid-based chitosan exhibits a CAGR of 8.9%, renowned for its high purity and molecular weight, catering to niche pharmaceutical applications. 

• Other marine sources contribute with a CAGR of 8.3%, encompassing various sources supporting specialised applications.

Use of Chitosan as an Eco-Friendly Coagulant and Flocculant for Water Treatment is a Key North America Chitosan Market Trend

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.

Rising demand for Chitosan in Industries of United States is Contributing to North America Chitosan Market Growth

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.

Key Questions Answered in the Report:

• How has the North America chitosan market performed historically, and what are the growth expectations for the future? 

• What are the primary factors influencing demand and growth in the North America chitosan market? 

• What are the key segments within the North America chitosan market, and how are they expected to evolve over the forecast period? 

• What are the major challenges and opportunities facing stakeholders in the North America chitosan market? 

• Who are the key players in the North America chitosan market, and what strategies are they employing to maintain a competitive edge? 

• What are the regulatory and policy factors influencing the North America chitosan market globally or regionally? 

• How competitive is the North America chitosan market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 

• What are the current trends shaping the North America chitosan market landscape, and how are they expected to evolve in the future? 

• How are technological advancements impacting the North America chitosan market, and what role do innovation and R&D play in driving growth? 

• What are the consumer preferences and buying behavior trends influencing the North America chitosan market? 

• How sustainable are current growth rates in the North America chitosan market, and what factors could potentially disrupt these trends? 

• What are the regional dynamics within the North America chitosan market, and how do they contribute to overall market growth? 

• What are the economic factors influencing the North America chitosan market, such as GDP growth, inflation rates, and currency fluctuations? 

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the North America chitosan market? 

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the North America chitosan market? 

• What are the regulatory and legal frameworks impacting the North America chitosan market globally or in key regions? 

• How are changing consumer lifestyles and preferences influencing product or service demand within the North America chitosan market? 

• What are the emerging market trends and niche opportunities within the North America chitosan market that stakeholders should be aware of? 

• How resilient is the North America chitosan market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 

• What are the potential barriers to market entry and growth for new players in the North America chitosan market? 

Key Benefits for Stakeholders:

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.

Key Highlights of the Report

*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.