Chitosan Market Size, Share, Demand & Trends by 2031
The global Chitosan Market is anticipated to rise at a surprising CAGR of 14.3% between the forecast period of 2021 and 2031. The previous year’s forecast was evaluated at a CAGR of 12.1% during 2016-2020. A noticeable increase in the application of chitosan for fighting infectious diseases and strengthening immunity has driven the market growth. Increased consumer shift towards organic and natural products has led to rising application of chitosan among customers. Post pandemic, more and more consumers are on a constant lookout for environmental friendly and healthy alternatives, creating sales opportunities for the market due to chitosan’s renewability. Chitosan is a natural ingredient that helps food products remain fresh and retain their quality. In addition to that, it is also registered to have increased food additives application, making the food products tastier and healthier. Backed by these factors’ the chitosan market is registering high growth during the forecast year