More Related Content Similar to Chitin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025 (20) Chitin Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–20251. © Coherent market Insights. All Rights Reserved
Chitin Market -
-Global Industry Insights, Trends, Outlook, and Opportunity
Analysis, 2017–2025
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REPORT DESCRIPTION
• Chitin is the second-most abundant organic compound in nature and naturally occurs as a fibre
forming polymer that plays a protective role in many lower eukaryotes similar to that of cellulose in
plants. It is a long chain unbranched polysaccharide consisting of Nacetyl glucosamine residues
connected through β?1,4 covalent bonds. Chitin plays an important role in biological structures such as
insect peritrophic matrix, fungal cell walls, crustacean cuticles, cyst wall of protozoa and eggshells from
nematodes. Owing to the varied characteristics chitin derivatives, such as chito oligosaccharides have
many biotechnological applications. Chitin derivatives are also extensively used in areas which include
biomedicine, pharmaceutical and food technology and agro biosciences.
• The main sources for chitin are cuticles of various crustaceans, mainly shrimps and crabs. Chemical
demineralization and deproteinization are generally used methods for chemical extraction of chitin.
The chitin which is present in the crabshell enables soil organisms to secrete enzymes called chitinases.
Chitanases degrade chitin, which is a constituent of flea egg shells. The occurrence of chitin in the
fertilizer turns it into a natural biopesticide, which makes it non-toxic to animals, fish, birds and plants.
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GLASS MAT THERMOPLASTIC MARKET Taxonomy
• On the basis of product type, the global chitin market is classified into:
• α-Chitin
• β-chitin
• On the basis of end-use industry, the global chitin market is classified into:
• Healthcare
• Agriculture
• Paper and Pulp
• Personal care products
• Biotechnology
• Food and Beverages
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Market Segmentation
• Chitin is widely used in healthcare industry due to properties such as renewable origin,
biocompatibility, non-allergenicity, non-toxicity, and biodegradability in the body Owing
to excellent biological activities such as antifungal, anticholesteremic agent, antitumor,
antibacterial, antithrombogenic, immunoadjuvant, and bioadhesivity, chitin is widely
used as a hydrating agent and absorption promoter. It also used for applications such as
film production and wound healing. Chitin is also used as an excipient and drug carrier in
gel, film, or powder form for many applications including mucoadhesivity.
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Key Strategies
Extensive use in the healthcare industry is fueling the growth of chitin market,
especially in Asia Pacific and Middle East regions. Insolubility of chitin is one of
the restraining factors in the global chitin market. However, this is chitin is
combined with chitosan to avoid these problem without affecting its application.
Product innovation and expansion in various geographies is a key strategy
adopted by the major players in the chitin market. In January 2015, Kerry Group
plc, a global taste and nutrition company, acquired Wellmune from Biothera Inc.
Wellmune is a natural food and beverage ingredient which helps to strengthen
the immune system. Some of the major companies operating in the global chitin
market include Biothera, Navamedic ASA, Kunpoong Bio Co. Ltd., Advanced
Biopolymers AS, CarboMer Inc., Heppe Medical Chitosan GmbH, Sonat Co.,
United Chitotechnologies Inc., Meron Biopolymers, Dalian Xindie Chitin Co. Ltd.,
QBas Co., TaizhouCandorly Sea Biochemical & Health Products Co. Ltd and
PrimexEhf.
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