huahaipharm(SH:600521) Chan Ye Xin Xi Wang·2025-09-12 01:49Core Insights - The market demand for chitosan is increasing due to growing concerns about food safety, healthcare, and environmental protection, with the market size in China projected to reach 758 million yuan in 2024, representing a year-on-year growth of 19.37% [1][7]. Industry Overview - Chitosan is a natural biodegradable biopolymer derived from chitin, primarily sourced from the shells of crustaceans and certain fungi and plants [2][4]. - The unique physical and chemical properties of chitosan, influenced by its degree of deacetylation, allow for a wide range of applications across various sectors [2][4]. Industry Chain - The upstream of the chitosan industry includes raw materials such as crustacean shells, insects, fungi, and chemicals like hydrochloric acid and sodium hydroxide [5]. - The midstream involves the production and manufacturing of chitosan, while the downstream applications span pharmaceuticals, food preservation, cosmetics, environmental protection, agriculture, textiles, and paper [5][6]. Market Size - The chitosan industry in China is expected to grow significantly, with applications in food preservation, medical materials, and as an eco-friendly alternative to traditional plastics [1][7]. Key Companies - Jiangsu Kangting Biotechnology Co., Ltd. is a major player in the chitosan industry, focusing on research, production, and sales, with a wide range of applications in health foods, medical devices, and agriculture [8][9]. - Shandong Weikang Biomedical Technology Co., Ltd. specializes in marine sugar bioengineering, emphasizing research and development in chitosan and its derivatives [9]. Industry Development Trends 1. Continuous technological innovation is crucial for industry upgrades, with new extraction methods like enzyme extraction and supercritical fluid extraction expected to replace traditional methods [10][11]. 2. The application of chitosan is expanding into emerging fields beyond traditional sectors, including its use as a natural preservative and in high-end medical products [10][11]. 3. The industry's strategic value is highlighted by the push for sustainable development and carbon neutrality, with international competition driving technological upgrades and collaborations [11].