The Latin America, Middle East and Africa Chitosan Market would witness market growth of 19.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 68.56 kilo tonnes, showcasing a growth of 19.0% (2023-2030).
Chitosan, particularly in water treatment applications, is a versatile and effective solution due to its unique properties and advantages. In water treatment, it is primarily used as a coagulant and flocculant for the removal of suspended solids, organic contaminants, and heavy metals. Thus, the UAE market consumed 4.35 kilo tonnes of chitosan in 2022.
The Brazil market dominated the LAMEA Chitosan Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $771.7 Million by 2030. The Argentina market is registering a CAGR of 20.3% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 18.7% during (2023 - 2030).
Due to its beneficial effects on the skin, it is now used in several cosmetics and personal care products. Its ability to enhance skin hydration, improve texture, and provide antioxidant benefits makes it a popular ingredient in skincare formulations such as creams, lotions, serums, and masks.
Additionally, chitosan's multifaceted benefits are harnessed in serums and masks to deliver targeted treatments that address specific skincare concerns. Whether it be soothing inflammation, promoting collagen synthesis, or enhancing skin tone and clarity.
According to the United States Department of Agriculture data, UAE is the second largest food service sector within the Arab Gulf Cooperation Council (GCC) region after Saudi Arabia. In 2021, the value of the UAE hotel, restaurant, and institutional sector totaled $12.3 billion, almost a 17 percent increase from 2020. Hence, the growing food & beverage and food service sectors in LAMEA can propel the demand for in the region.
Free Valuable Insights: The Worldwide Chitosan Market is Projected to reach USD 36.2 Billion by 2030, at a CAGR of 17.2%
Based on Grade, the market is segmented into Industrial, Food, and Pharmaceutical. Based on Application, the market is segmented into Water Treatment, Food & Beverages, Cosmetics, Medical & Pharmaceuticals, Agrochemicals, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Grade (Volume, Kilo Tonnes, USD Billon, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billon, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billon, 2019-2030)
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