Latin America Chitosan Market Size & Outlook, 2022-2030
Latin America chitosan market, 2018-2030 (US$M)
Related Markets
Latin America chitosan market highlights
- The Latin America chitosan market generated a revenue of USD 504.4 million in 2022.
- The market is expected to grow at a CAGR of 23% from 2023 to 2030.
- In terms of segment, cosmetics was the largest revenue generating product in 2022.
- Food & beverage is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 504.4 million |
| Market revenue in 2030 | USD 2,647.2 million |
| Growth rate | 23% (CAGR from 2022 to 2030) |
| Largest segment | Cosmetics |
| Fastest growing segment | Food & beverage |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Treatment, Pharmaceutical, Biomedical, Cosmetics, Food & beverage |
| Key market players worldwide | Lyondellbasell Advanced Polymers Inc Pref Share, Foodchem International Corporation, FMC Corp, Shell PLC, Primex Pharmaceuticals, Nanobiotix SA ADR, Dainichiseika Color & Chemicals Mfg Co Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.6% of the global chitosan market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,647.2 million by 2030.
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Chitosan Market Scope
Chitosan Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America chitosan market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chitosan market will help companies and investors design strategic landscapes.
Cosmetics was the largest segment with a revenue share of 30.87% in 2022. Horizon Databook has segmented the Latin America chitosan market based on water treatment, pharmaceutical, biomedical, cosmetics, food & beverage covering the revenue growth of each sub-segment from 2018 to 2030.
Chitosan and its derivatives are known to aid in binding protein drugs owing to which it is extensively used in pharmaceutical preparations and drug delivery systems. In addition, regional alignment and harmonization of pharmaceutical drugs in the region through initiatives of Pan American Health Organization (PAHO) has bolstered the growth of pharmaceutical sector.
In Brazil, the chitosan demand is primarily driven by food & beverage and pharmaceutical industry. Also, the growth is driven by growing consumer inclination toward the consumption of dietary supplements in order to boost immunity and protein intake. These factors are anticipated to drive product demand in the country.
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Target buyers of Latin America chitosan market databook
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Our clientele includes a mix of chitosan market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America chitosan market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America chitosan market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America chitosan market size, by country, 2018-2030 (US$M)
Latin America Chitosan Market Outlook Share, 2022 & 2030 (US$M)
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