Chitin, Chitosan and Derivatives Industry Analysis and Forecast to 2025: COVID-19 and Post-COVID Impact, Opportunities and Trends
Chitin, Chitosan and Derivatives Industry Market Highlights: Chitin, Chitosan and Derivatives Market has witnessed significant growth over the last few years and is projected to reach by USD 8,531.7 Million by 2025 at a CAGR of 8.7% from 2019 to 2025. Chitin is a natural polysaccharide found in crustacean shells, insect skin, and the cell walls of fungal species. Chitin and its derivatives such as chitosan and glucosamine find application in various industries. The major raw materials used to produce chitin and its derivatives are shrimp, crab, squid, lobster, insects, fungi, and yeasts. Chitin is a natural and main structural component of the exoskeleton of crustaceans. In insects, chitin is found in the cuticle, whereas, in fungi and yeast it is found in the cell walls. Crustacean shells are the largest source for the industrial production of chitin as it is inexpensive, rich in chitin, and available in abundance as a waste or by-produ...