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The global chitosan supplements market is expected to witness strong growth during the forecast period between 2021 and 2031.
Chitosan is a sugar produced from the shells of creatures such as shellfish, crabs, and lobsters. Chitosan supplements have been deployed as animal feed for increased production.
They have also been extensively deployed as dietary supplements to help those suffering from overweight issues since they contain insoluble fibers that play a key role in helping reduce weight.
Chitosan supplements have also proven beneficial in improving digestion in a human being and help in the growth of micro-flora, within the body.
The outbreak of the COVID-19 pandemic positively impacted the growth in the global chitosan supplements market. With governments imposing lockdowns and social distancing norms in a bid to contain the spread of the virus, supermarkets were forced to function for reduced hours.
But consumers opted to purchase chitosan supplement products on the internet and this helped increase the product sales and demand and contributed to the overall market growth.
It is anticipated that during the post-pandemic phase, customers will use the online distribution channel to purchase these products.
Rising health awareness among different population sections is the key growth driver for the global chitosan supplements market.
Also, increasing awareness about healthy eating habits worldwide is expected to fuel the growth in the overall chitosan supplements market.
Growing number of people suffering from obesity is also expected to propel the chitosan supplements demand, in future.
Other factors such as ease of availability of products through both online and offline distribution channels and rising disposable income, especially in developing economies could also help bolster the chitosan supplements market, in future.
The online distribution channel is expected to contribute the most to the overall chitosan supplements market in the years ahead because of growing number of people ordering and purchasing chitosan supplements from different e-commerce websites.
The global chitosan supplements market is extremely competitive, with the presence of several well-established market players, many of whom are expected to account for a large share in the overall market, in future.
Growth strategies such as new product launches could help leading market players gain a competitive edge over the other players.
Prominent market players could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
R&D undertakings to produce improved quality of products could be a key growth strategy for the leading market players, in the coming years.
Some of the leading players in the global market include Blue Sky Vitamins LLC, NOW Foods, Inlife Pharma Pvt. Ltd., Pure Formulas Inc., and HMT Nutrition.
The global chitosan supplements market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
Asia Pacific is anticipated to be the dominant region in the chitosan supplements market owing to increasing chitosan manufacturing in countries such as Japan and China, contributing to market growth in the region.
North America is expected to offer profitable growth opportunities for the global market because of factors such as increasing chitosan popularity in countries such as US and Canada and large chitosan production, in these countries.
Europe is anticipated to witness strong growth in the global market because of rising awareness about maintaining good health among population sections residing in countries such as Germany and UK.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in the overall market, in the upcoming years.
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Chitosan Supplements Market
