Chitosan market will be worth of USD 4.22 billion in 2020, expanding at a CAGR of 17.7% by 2020.

Transparency Market Research observes that chitosan manufacturing companies are collaborating with end-product manufacturing companies to ensure consistency in revenues. Manufacturers are also establishing reliable tie-ups with e-commerce websites to ensure sales and strong distribution network. Some of the leading players operating in the global chitosan market are Golden Shell Pharmaceutical Co., Ltd., Biothera, GTC Bio Corporation, Panvo Organics Pvt., Ltd. “Manufacturing chitosan-based food supplements is expected to open up a wide range of opportunities for the vendors in the global market,” states the lead author of the research report. A large number of consumers are expected to demand chitosan as it is known to act as a key agent in reducing weight.

Chitosan market will be worth of USD 4.22 billion in 2020, expanding at a CAGR of 17.7% by 2020.

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