Global Chitin Market Research Report 2022

Chitin is a large, structural polysaccharide made from chains of modified glucose. Chitin is found in the exoskeletons of insects, the cell walls of fungi, and certain hard structures in invertebrates and fish. In terms of abundance, chitin is second to only cellulose.
Market Analysis and Insights: Global Chitin Market
Due to the COVID-19 pandemic, the global Chitin market size is estimated to be worth US$ 123.9 million in 2022 and is forecast to a readjusted size of US$ 145.4 million by 2028 with a CAGR of 2.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Food Grade Chitin accounting for % of the Chitin global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Industrial segment is altered to an % CAGR throughout this forecast period.
Global key players of Chitin include Jiangsu Shuanglin Marine Biological, AOXIN, Jining Taihao, Golden-Shell Pharmaceutical and Fengrun Biochemical, etc. Top three players occupy for a share about 24%. Asia Pacific is the largest market, with a share about 58%, followed by Europe and North America. In terms of product, Industrial Grade is the largest segment, with a share over 65%. In terms of application, Industrial is the largest market, with a share over 61%.
Global Chitin Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Chitin Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Food Grade Chitin
Industrial Grade Chitin
Segment by Application
Industrial
Agriculture
Medicine
By Company
AgraTech
Primex
Advanced Biopolymers
Kunpoong
Navamedic
Heppe Medical Chitosan
Bannawach Bio-Line
Yangzhou Hongxin
Jining Taihao
AOXIN
Jiangsu Shuanglin Marine Biological
Golden-Shell Pharmaceutical
Ningbo Zhenhai Haixin Biological
Fengrun Biochemical
Qingdao Yunzhou Biochemistry
Production by Region
China
North America
Europe
Japan
South Korea
Southeast Asia
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Colombia