Chitin is a kind of poly acetylglucosamine biological macromolecule polymer. It widely exist in invertebrate shell, fungal mycelium, protozoa and some green algae, the main raw material is from shrimp, crab shell.
In consumption market, the global consumption value of chitin increases with the 6.82% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2015, these two regions occupied 63.30% of the global consumption volume in total.
Chitin has mainly two types, which include food grade and industrial grade. And each type has application industries relatively. With medical and nutrition effect of chitin, the downstream application industries will need more chitin products. So, chitin has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high purity and good performance chitin through improving technology.
The major raw materials for chitin are shell of crustaceans, hydrochloric acid, sodium hydroxide and other auxiliary chemicals. Fluctuations in the price of the upstream product will impact on the production cost of chitin. The production cost of chitin is also an important factor which could impact the price of chitin. The chitin manufacturers are trying to reduce production cost by developing production process.
According to this study, over the next five years the Chitin market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 59 million by 2024, from US$ 45 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Chitin business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Chitin market by product type, application, key manufacturers and key regions and countries.
This study considers the Chitin value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Food Grade Chitin
Industrial Grade Chitin
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Agriculture
Industrial
Medicine
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
AgraTech
Primex
Advanced Biopolymers
Kunpoong
Navamedic
Heppe Medical Chitosan
Bannawach Bio-Line
Hubei Huashan
Jiangsu Shuanglin Marine Biological
Golden-Shell Pharmaceutical
Zhejiang New Fuda Ocean Biotech
Weifang Haizhiyuan Biological
Ningbo Zhenhai Haixin Biological
Fengrun Biochemical
Qingdao Yunzhou Biochemistry
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Chitin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Chitin market by identifying its various subsegments.
Focuses on the key global Chitin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Chitin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Chitin submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Chitin . Industry analysis & Market Report on Chitin is a syndicated market report, published as Global Chitin Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Chitin market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.