Market Challenges And Opportunities

Global Chitosan Market: Growth Drivers

Pharmaceuticals Excipient Driving Chitosan Sales

In the pharmaceutical business, chitosan is being utilized more often as an excipient for tablet disintegration, direct tablet compression, the creation of sustained-release solid dosage forms, and the enhancement of drug solubility. Chitosan's ability to promote Trans mucosal absorption has lately been investigated for use in the oral and nasal administration of polar goods including proteins and peptides as well as vaccines. Chitosan is a viable and intriguing excipient for present and future uses in the pharmaceutical industry due to its characteristics and low toxicity profile. For Instance 2021, According to the National Institute of Health, it is commonly used as an excipient in tablet formulation for oral medication. High-molecular-weight chitosan is more viscous and delays the release of the active ingredient prolongs the duration of drug activity, improves therapeutic efficiency as well as reduces the side effects of oral tablets. Chitosan microspheres have been extensively investigated for the controlled release of drugs and vaccines through oral and nasal delivery. They were prepared by complexation between the cationic chitosan in addition to the anionic compounds such as tripolyphosphate or alginates.

Non-modified Functional Ingredients Boosting Chitosan Sales

Non-GMO cosmetics components like chitosan are in great demand due to the rising number of health-conscious consumers. The need for non-GMO-certified goods among consumers was foreshadowed by the trend in the worldwide market for cosmetic components. Parenting-related concerns regarding the ingredients in baby goods on the market have led to a preference for functional substances that are non-GMO and unmodified. This will probably open the door for the chitosan market to grow soon. For instance, in March 2021, VESTA clinical trial was conducted in collaboration with the University of Brasilia, University of Campinas, Hospital da Região Leste (HRL), Hospital Universitário de Brasília (HUB/UnB), Hospital Regional da Asa Norte (HRAN), and Centro de Pesquisa em Biotecnologia Ltda. The clinical trials were conducted to measure the effectiveness of a novel respirator equipped with chitosan nanoparticles in order to effectively reduce the incidence of COVID-19 infection in healthcare professionals.

Global Chitosan Market: Restraints

Governmental restrictions on protecting the environment and marine life

The Global Chitosan Market will be affected due to restrictions over raw materials use. Shellfish such as shrimp, crab, and others are used for the commercial production of chitosan, shrimp being the majorly used raw material. Governmental regulations over preserving natural resources and marine life are likely to affect the market growth, thus restraining the market for chitosan.

Global Chitosan Market: Market Opportunity

The growing use of chitosan in the agriculture industry is projected to offer new market opportunities over the forecast period. Chitosan is used in fertilizers and controlled agrochemical release due to its antifungal properties. Moreover, growing research and development in the field of chitosan nanoparticles to expand its use in novel applications is further anticipated to foster the market growth of chitosan over the forecast period. Increasing production of fish, shrimp, and other aquatic species in the Asia Pacific region is projected to offer lucrative market opportunities to the market in the near future. According to The National Fisheries Development Board, in India, total fish production during 2020 is estimated to be 12.60 million metric tons, of which nearly 65% is from the inland sector and about 50% of the total production is from culture fisheries and constitutes about 6.3% of the global fish production.