Chitosan supplements are also used in animal feed and fish feed for increased production. Bound to all these factors the market demand for chitosan supplements is expected to increase during the forecast period.The changing lifestyle and unhealthy dietary habits have increased problems like obesity, high cholesterol, inflammatory bowel disease, etc. Thus, there is an increased demand in the market for dietary supplements which can reduce weight as well as provide health benefits to consumers. Globally the market demand for dietary supplements with a versatile range of application shows consistent growth in terms of value and volume.
Chitosan supplements contain a great concentration of insoluble fiber which helps in weight loss and also provides other health benefits. Chitosan is a sugar obtained from outer shells of creatures like crabs, shellfish, shrimps lobsters, etc. and is widely used as a weight-loss dietary supplement as well as for its medicinal purposes.
Growing Demands for Chitosan Supplements Due to Versatile Properties and Multiple Applications
The dietary supplements with ample beneficial properties like chitosan supplements attract the consumers and always has a huge demand. Some of the major drivers for chitosan markets include the increased health concern among people about healthy eating habits, increased number of obese people and increased health problems. Increase in IBDs due unhealthy eating habits has fuelled the demand for chitosan supplements. Regular consumption of Chitosan supplements can reduce the risk of heart problems, Crohn’s disease, anemia, bacterial infection, diabetes, and cancer. Chitosan Supplements improves the process of digestion as well as promotes the growth of beneficial micro-flora in the body. Introduction of customized products, easy availability of the product to the consumer with the introduction of e-commerce as well as assurance of safety by manufacturers has also proved to be important market drivers in terms of value and volume. With all the beneficial properties of chitosan supplements and strategies used by providers, a positive increase in the market for chitosan supplements in terms of value and volume is expected during the forecast period.
Opportunities for Market Participants
Chitosan Supplements are used widely all over the world for its dietary as well as medicinal properties. Increasing the awareness about the applications and healthy benefits of chitosan supplements in untouched market regions along with the introduction of newer products with lower price in untouched regions can be a great market. Introduction of chitosan supplements in areas with higher rates of anemia as well as increasing awareness among people about direct relation in chitosan deficiency and anemia can create a good opportunity of its market. With multiple benefits provided by chitosan supplements, there are lucrative opportunities in the animal feed sector. With increased concern all around the world about increasing body weight and problems caused due to obesity, the market for chitosan supplements is increasing rapidly. Introduction of chitosan supplements along with other dietary supplements have also attracted consumer so as to reap the more benefits. With the introduction of more products containing chitosan supplements and increase in demand from consumers, a drastic increase is expected in the market for chitosan supplements during the given forecast period.
Global Chitosan Supplements: A Regional Outlook
The global chitosan supplement market can be regionally segmented into Asia – Pacific, North America, China, Europe, Latin America and Rest of World. Asia – Pacific, Japan, and China are the largest producers of chitosan supplements and are also the largest consumers. They are followed by Europe and North America in terms of producers. The market for chitosan supplements in Asia – Pacific, North America, and Europe is estimated to increase positively during the forecast period owing to factors like large production, health concern people and popularity of chitosan supplements. With increasing awareness and introduction of newer products in the Latin America and Africa the market demand for chitosan supplements is anticipated to exhibit substantial growth during the upcoming years. Thus the global market for chitosan supplements is expected to grow positively during the forecast period.
Global Chitosan Supplements Market: Key Players
The global Chitosan Supplements market is large and some of the key players in this market include Robinson Pharma Inc., NOW Foods, Blue Sky Vitamins LLC, Pure Formulas Inc., Inlife Pharma Pvt Ltd., Puritan’s Pride Phillippines, Stem Pharmaceuticals Do Brasil, General Nutrition Inc., Meck Pharmachem LLC., Hangzhou Dayangchem Co. Ltd., and HMT Nutrition. With the increase in demand more and more companies are expected to join the market.
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