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![[English Market Research Report] The Global Market for Chitosan](https://image.mono.ipros.com/public/product/image/d2d/2001182960/IPROS396648740019356618.png?w=280&h=280)
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The chitosan market size is expected to grow at a CAGR of 17.2% during the forecast period, reaching 36.2 billion USD by 2030. In 2022, the market reached 432.43 kilotons, achieving a growth of 16.5% (from 2019 to 2022).
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The global chitosan market size was valued at 11.04 billion USD in 2022 and is expected to grow from 13.39 billion USD in 2023 to 62.76 billion USD by 2031, with a projected CAGR of 21.3% during the forecast period (2024-2031). The rapidly growing global chitosan market is expected to see significant expansion in the coming years. Several key factors are influencing the market. First, the increasing consumer awareness and desire for natural materials and organic products are driving industry growth. Chitosan is an ideal environmentally friendly and sustainable option that consumers are increasingly choosing. Second, the demand for chitosan is being driven by the expanding pharmaceutical segment and the rising health consciousness, due to its exceptional qualities in tissue engineering, drug delivery systems, and wound healing.
