Published by mark itwired
Posted on September 17, 2021
6 min readLast updated: February 5, 2026
The chitosan market is set to grow at a 14.3% CAGR, driven by rising demand for dietary supplements and applications in treating diseases.
The global chitosan market is growing at a steady pace owing to the increasing application of chitosan in the treatment of cancer, diabetes, and tuberculosis. As per a study by Future Market Insights (FMI), the market has registered a CAGR of over 12.1% during 2016-2020 and is likely to exhibit a CAGR of over 14.3% during the forecast period 2021 to 2031.
According to the World Health Organization (WHO), around 10 million new cases of tuberculosis were recorded in 2019 and over 1.4 million people died because of the disease across the globe. Several studies have shown that the use of chitosan-based products assists in the cure of tuberculosis. Considering this, the demand for chitosan is expected to grow in the coming years.
Chitosan helps in the treatment of obesity and weight management resulting in increasing demand from the dietary supplements segment. The segment is dominating the chitosan market and is expected to account for over 35% of the market share by 2021 resulting in propelling the growth of chitosan market.
Asia-Pacific dominated the global chitosan market with the largest market share in 2019, owing to the availability of crustacean waste and the rapid development of end-use industries in China, Japan, South Korea, and India.
“Leading market players are investing in R&D for launching new products to cater to the increasing demand from dietary supplement and organic cosmetic application segment. Besides this, some of the market players are emphasizing on expanding their manufacturing facilities globally to strengthen their market presence,” says the FMI analyst.
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Key Takeaways
Key Drivers
Key Restraints
Discover more about the chitosan market with figures and data tables, along with the table of contents. You will also find detailed market segmentation on https://www.futuremarketinsights.com/checkout/11443
Competitive Landscape
Companies operating in the chitosan market are focusing on expanding their product portfolio by developing a wide range of chitosan-based products according to the application of the end-use industries. For instance,
Leading players profiled by FMI operating in chitosan market include:
More Insights on FMI’s Chitosan Market
The latest market study on global chitosan market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented
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Explore FMI’s Extensive Coverage on Food and Beverage Domain
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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Report: https://www.futuremarketinsights.com/reports/chitosan-market
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SOURCE Future Market Insights
The post Rising Demand for Dietary Supplements Enabling Growth in Chitosan Market at 14.3% CAGR: Future Market Insights first appeared on Market Research Blog.
The article discusses the growth of the chitosan market, driven by rising demand for dietary supplements and its applications in health treatments.
Key drivers include the prevalence of infectious diseases, demand for food additives, and rising interest in organic personal care products.
Challenges include high production costs, lengthy manufacturing processes, and lack of raw materials.
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