Chitin is obtained from lobster, shrimp, and crab waste and it is a long-chain polymer of N-acetylglucosamine. Chitin is second largest natural polymer after cellulose and it plays an important role in various biological structures including fungal cell walls, peritrophic matrix, eggshells from nematodes, cyst wall of protozoa, and crustacean cuticles. Mainly two types of chitin easily available in the market including industrial grade chitin and food grade chitin which are widely used in various applications.
Chitin derivatives are widely used in several areas such as agro-biosciences, cosmetics industry, water treatment, biomedicine, food processing, and pharmaceutical. Also, it is largely used in the building and construction, textile industry, clothing for work and protection, and packaging materials.
Rising awareness about benefits associated with chitin-based products among individuals and increasing adoption of chitin in several applications among various industries including healthcare, agrochemical, food and beverage, and others across the globe. These are major reasons for the high demand and adoption of chitin globally. In addition, rising consumption and production of glucosamine and chitosan across the globe due to easy availability and easy production process. This is another reason helps to support the high demand of chitin globally.
Growing demand for chitin in developing and developed countries due to its various excellent properties such as nontoxicity, biodegradability, and biocompatibility make chitosan ideal for making artificial organs and implants, and biomedical products. In addition, the rising adoption of chitin in the healthcare industry to treat various diseases such as obesity, tuberculosis, healing wounds, and others. These are some important reasons for the high adoption of chitin across the globe.
$43.6 Mn
5.2%
- By Type
- By Region
- By Application
$XXXX Mn
Furthermore, high investments in R&D activities by major chitin producers and expanding healthcare industry across the globe are a major reason for high popularity if chitin in the near future. However, high production cost, insolubility in water, less effectiveness of chitin-based medicines, and nonconformance to halal food standards are some reason for less demand of chitin and its derivatives in many areas of the globe.
The chitin market in Asia Pacific will register lucrative growth followed by market in North America, due to high presence of chitin manufacturers, increasing demand for chitin and its derivatives in several end-use industries such as food and healthcare industries and expanding healthcare industry in countries such as India, China, Canada, and US in these regions. In addition, chitin market will register substantial growth rate, owing to high awareness about chitin types associated with some properties including non-allergenicity, biodegradability, and biocompatibility among individuals and high adoption in wastewater treatment in countries such as Italy, US, France, Germany, Mexico, Brazil, and South Africa in the Latin America, Europe, and Middle East & Africa in these regions.
Prominent players operating in the global chitin market including, AgraTech, Primex, Advanced Biopolymers, Kunpoong, Navamedic, Heppe Medical Chitosan, Bannawach Bio-Line, Hubei Huashan, Jiangsu Shuanglin Marine Biological, Golden-Shell Pharmaceutical, Zhejiang New Fuda Ocean Biotech, Zhejiang New Fuda Ocean Biotech, Ningbo Zhenhai Haixin Biological, Fengrun Biochemical, and Qingdao Yunzhou Biochemistry.
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