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.
In 2019, the global Chitin market size was US$ 49 million and it is expected to reach US$ 65 million by the end of 2025, with a CAGR of 4% during 2021-2027.
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The major companies include:
- 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
Segment by Type, the Chitin market is segmented into
- Food Grade Chitin
- Industrial Grade Chitin
Segment by Application, the Chitin market is segmented into
- Agriculture
- Industrial
- Medicine
- Others
A full report of Global Chitin Market is available at: https://www.orionmarketreports.com/chitin-market/38459/
Scope of the Report
The research study analyzes the global Chitin industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Chitin Market Report
1. What was the Chitin Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Chitin Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Chitin Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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