According to a market report by Lucintel, the future of the global chitin market looks promising with opportunities in the food and beverages, agrochemical, healthcare, cosmetics and toiletries, and waste and water treatment end uses. The global chitin market is expected to reach an estimated $4 billion by 2030 from $2 billion in 2024 at a CAGR of 11.3% from 2024 to 2030. The major drivers for this market are growing demand of natural fiber biodegradable composites, wide range of nanotechnology applications and increasing use of chitin as a cooking and pharmaceutical thickener.
A more than 150-page report to
understand trends, opportunity and
forecast in chitin market to 2030
by derivative type (glucosamine and chitosan), end use (food and
beverages, agrochemical, healthcare, cosmetics and toiletries, waste and water
treatment, and others), and region (North America, Europe, Asia Pacific, and
the Rest of the World).
Lucintel
forecasts that glucosamine is expected to witness the higher growth over the
forecast period due to wide range of applications in pharmaceutical and cooking
thickener.
Within
this market, healthcare is expected to witness the highest growth due to its
non-toxicity, non-allergic, anti-microbial, and bio-degradability properties.
Download
sample by clicking on chitin market.
North
America is expected to witness highest growth over the forecast period due to
growing government investment in the pharma sector and presence of several
food- and healthcare-related sectors.
Ningbo
Zhenhai Haixin Biological, AgraTech, Hubei Huashan, Advanced Biopolymers, Heppe
Medical Chitosan are the major suppliers in the chitin market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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