Chitosan MarketSize and Trends

The global chitosan market is estimated to account for US$ 5.51 Bn in terms of value by the end of 2022.

Global Chitosan Market: Market Trend

Growing consumption of packaged food products is a rising trend due to the hectic lifestyle and increasing disposable income of consumers. It is used as an antimicrobial agent in food processing industries. The expansion of the food industry due to increased spending by consumers on food products coupled with the rising demand for convenience and packed food products are again expected to propel the market growth of chitosan. Increasing investment by manufacturers in developing safe and cost-effective production technologies is one of the major trends. Also, the growing focus of manufacturers on developing a wide range of chitosan products coupled with the increasing focus of the manufacturer on an established new plant near coastal areas is further projected to augment the market growth over the forecast period.

Chitosan Market Report Snapshots