Activated charcoal will garner increasing consumer demand on the back of increasing end-use industry applications and awareness about its medical properties. The market is set for an astounding growth trajectory of more than 11% from 2019 to 2029. Major drivers of this growth are multiplying consumer traction from millennial as well as geriatric population, and government regulations on industrial wastewater treatment. Activated charcoal supplements are effective in treating indigestion, diarrhea, and flatulence conditions. It is manufactured from eco-friendly raw materials such as coconut shells, olive stoners, peat, fruit pits, and saw dust.
Surging intestinal diseases coupled with eco-friendly properties of activated charcoal will drive growth for activated charcoal supplements between 2019 and 2029. The activated charcoal supplements market will grow at an astounding CAGR of more than 11% during the forecast period.
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Raw materials used in manufacturing charcoal such as coconut shell, olive stones, peat, fruit pits, and saw dust are organic in nature. Diseases such as acute indigestion, diarrhea, and flatulence are effectively treated with activated charcoal supplement tablets and capsules. On top of these factors, the rising awareness about the benefits of activated charcoal will drive growth through the end of 2029.
Key Takeaways of Activated Charcoal Supplements Market Study
- Powder product types will gain maximum growth owing to its highly soluble nature. The segment exhibits continued share-wide dominance through the end of 2029.
- Tablets are second most demanded product type owing to the popularity of tablets among geriatric population which forms a majority of activated charcoal supplement consumers.
- North America holds over 1/4th of the market share, followed by Latin America and Europe which collectively account for more than 1/4th of the total market value.
- East Asia offers the most remunerative growth opportunities with an astounding 13% CAGR during the forecast period.
- Drug stores generate maximum sales which makes this sales channel a leader in the segment. This is followed by health & beauty stores that cater to the millennial audience.
Industrial Use-Cases Bolster Sustainable Growth
Industrial purification employs activated charcoal to effectively control mercury levels. Governments around the world are introducing stringent regulations to keep industrial pollution in check. In the near future, it is expected that activated charcoal will bolster growth in many industrial use-cases such as coal-fired power plants, clinker cement plants, and other industries that use large boilers in the manufacturing process. Market players stand to gain from this industrial trend, given they are prepared with innovative applications of activated charcoal supplement in various applications such as water treatment, hydrogen sulfide removal, chlorine removal, and air purification.
Who is winning?
Winners in the activated charcoal supplements market strategically position their R & D centers, adopt innovative development strategies, and embrace industry 4.0 technologies such as Industrial Internet of Things, cloud computing, artificial intelligence, and machine learning. Market players that embody this winning personality in different capacities are ADA-ES, Inc., Boyce Carbon, Jacobi Carbons AB, Cabot Corporation, Calgon Carbon Corporation, CarboTech AC GmbH, Evoqua Water Technologies LLC, Osaka Gas Chemicals Co, Oriental Trading Co., Ltd., and Kalpachar Products Pvt.
The global activated charcoal supplement market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Others (Granules, Gel, etc.)
By Sales Channel
- Drug Stores
- Health & Beauty Stores
- Modern Trade
- Third-Party Online Channels
- Company Online Channels
- Practitioner Channels
By Primary Function
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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Key Questions Answered in the Report
What drives the activated charcoal supplements market?
Increasing number of geriatric consumers coupled with a surge in intestinal diseases drive the activated charcoal supplements market. Activated charcoal supplement is gaining advocates in the form of satisfied consumers that acts as driver for the growth of this market.
Which factors put market players at risk?
Disproportionate raw material availability put market players at risk. Stringent regulatory standards for industrial end-uses present restraints to an otherwise spurring activated charcoal market. Market players can circumvent these risks by research and development of efficient application of activated charcoal supplements.
Which product-type segment offers most lucrative growth opportunities?
Powder provides the most lucrative growth opportunities. Its highly-soluble nature enables numerous applications in versatile industries. Tablets is another segment that follows powder product types in terms of revenue generation.
Which segment based on sales channel will record the highest growth?
Drug Stores will record the highest growth in terms of sales channels. It currently dominates the market with a market share of more than 35% with continued growth during the forecast period.
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