According to IMARC Group’s latest report, titled “North America Chitosan Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is expected to exhibit moderate growth during 2021-2026. Chitosan is a fibrous substance obtained from the outer skeleton of shellfish or crustaceans, such as lobster, crab, and shrimp. It blocks the absorption of fat and cholesterol and is extensively used to treat obesity, Crohn’s disease, kidney failure, anemia, insomnia, and high cholesterol. As a result, it is extensively used across the pharmaceutical, cosmetics, agriculture, and food and beverage (F&B) industries.
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The widespread use of chitosan across the biomedical and food and beverage (F&B) industries represents one of the key factors driving the market growth in the North American region. Moreover, chitosan finds extensive application in the water treatment industry, which, in turn, is driving the market market. This is primarily because it acts as a non-allergic agent that aids in removing pesticides and surfactants present in the water. Other factors, including the growing demand for cosmetics and personal care products manufactured using natural ingredients, are anticipated to create a positive outlook for the market further across the region. Looking forward, IMARC Group expects the North America chitosan market to continue its robust growth during the forecast period (2021-2026).
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Grade:
- Industrial Grade
- Food Grade
- Pharmaceutical Grade
Breakup by Source:
- Shrimp
- Crab
- Squid
- Krill
- Others
Breakup by Application:
- Water Treatment
- Food & Beverages
- Cosmetics
- Medical & Pharmaceuticals
- Agrochemicals
- Others
Breakup by Country:
- United States
- Canada
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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