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Global Chitin Derivatives Market

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By: Sean Moloughney

Editor, Nutraceuticals World

The global market for chitin derivatives is expected to reach $63 billion while the global chitosan market could exceed $21 billion by the year 2015, according to a new report from Global Industry Analysts Inc. titled “Chitin & Chitosan: A Global Strategic Business Report.” Key factors driving market growth include increasing applications and surging demand for chitin and chitosan from agrochemicals and healthcare/medical end-use sectors. Other factors propelling market growth include increased demand from developing markets, including Asia-Pacific, Latin America and the Middle East.

Chitin and Chitosan are valuable versatile natural materials derived from shells of prawns and crabs. The current and potential applications of chitin, chitosan and their derivatives in fields of biomedicine, nutrition, food processing, pharmacology, microbiology, agriculture and cosmetics are vast and exciting. They are also used in various applications ranging from antibiotics and surgical sutures to dietary supplements, food and pet foods and cloth for socks and undergarments. These natural compounds are poised to make waves, especially in the fields of biomedicine, nutrition and food, the report states. For further information: www.strategyr.com

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