Europe to witness high consumption of Chitosan

10:39 AM, 29th January 2021
Researchers are increasingly developing edible alternatives made of chitosan to do away with plastic in the food and animal feed industries

Chitosan is highly sought-after in food and beverage industry that incorporates immobilization of enzymes, formation of biodegradable films & coatings, among others. Researchers are increasingly developing edible alternatives made of chitosan to do away with plastic in the food and animal feed industries.

The escalating government interest in water treatment projects is making the worldwide chitosan market an appealing business proposition of late. Chitosan is extensively used as a flocculating agent in the treatment of wastewater. Its robust properties of hydrophobicity, biocompatibility, non-toxicity and biodegradability have prompted the chemical to be effectively used as adsorbent material for the eradication of wastewater pollutants.

Researchers from the National University of Singapore (NUS) introduced an environmentally friendly food packaging material in 2016, which s purportedly free from chemical additives. The novel food packaging material transpired after fortifying natural chitosan-based composite film with grapefruit seed extract (GFSE). Researchers claim the highly anticipated food packaging material can derail fungal growth and increase the shelf-life of perishable food by two-fold.

Chitosan market forecast appears to be sanguine as chitosan has innate potentiality for application in food technology in the wake of its non-toxicity, biocompatibility, tremendous film forming ability and ephemeral biodegradability. 

Consumers in North America and Europe are increasingly inclined towards natural ingredients given they are touted as safer, eco-friendly and healthier alternative to traditional cosmetics. Popularity of chitosan in hair care, dental care and skin care has been overwhelming in advanced economies.

While Europe cosmetics and personal care industry was valued at around $87 bn in 2017, the industry is expected to growth steadily during the assessment period 2018-2024. Further, growing traction for organic ingredients is likely to boost Europe chitosan market share.

APAC appears to have ruled the roost in 2017 as the region amounted for more than 55 percent share in 2017. In the wake of robustly growing cosmetic market and promotion of ease of doing business in India and China, stakeholders envisage APAC as a favorable investment hub.

Meanwhile, MEA market is set to experience a bullish growth with CAGR nearing 19.5 percent through 2024. Rising initiatives taken by governments pertaining to water treatment technologies will potentially present positive market outlook. Besides, soaring popularity of food and beverage industry in MEA is set to fuel chitosan market trend.

GTC Bio Corporation, Panvo Organics Pvt Ltd, KitoZyme SA, Xianju Tengwang Chitosan Factory, FMC Health, Golden-Shell Pharmaceutical Co, PT Biotech Surindo, Primex, Heppe Medical Chitosan GmbH, United Chitotechnologies Inc, Koyo World (Hong Kong) Co Ltd, Dainichiseika Color & Chemicals Mfg Co Ltd, Marshal Marine, Tidal Vision Inc, Austanz Chitin Pty Ltd and KiOmed Pharma are top companies in the chitosan market.

Get detailed analysis on the Chitosan Market: https://www.gminsights.com/request-sample/detail/760

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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