The global activated charcoal supplements market will grow at a robust 11% CAGR during the forecast period, 2019-2029. Stringent government norms to address industrial pollution is likely to propel the usage of activated charcoal supplements in applications such as water treatment, and air purification. Upsurge in preventative healthcare practices is also likely to fuel growth engine of the market.
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.
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Activated Charcoal Supplements Market – Key Takeaways
- Given its highly soluble nature, powder form will maintain leading revenue share; tablets to see demand from geriatric consumers.
- Drug stores will account for maximum sales, followed by health & beauty stores that target the millennial population.
- North America and Europe continue to stay at forefront; East Asia to exhibit staggering growth.
- Adoption in wastewater treatment, automotive, and industrial applications to widen growth opportunities.
Activated Charcoal Supplements Market – Key Driving Factors
Expanding patient pool of intestinal diseases will be a key factor driving the growth of activated charcoal supplements market.
Organic origin of activated charcoal supplements to bolster their consumption.
Health benefits associated with activated charcoal supplements to find use among health-conscious consumers.
Increasing application in various industrial end uses owing to the versatility of activated charcoal supplements.
Activated Charcoal Supplements Market – Key Restraints
Non-uniform availability of raw materials to remain a hindrance in activated charcoal supplements market
Strict regulatory framework to pose a challenge for conventional producers of activated charcoal supplements
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Competition Landscape of Activated Charcoal Supplements Market
Players in activated charcoal supplements market are focusing on R&D activities, and adopting industry 4.0 technologies such as Industrial Internet of Things (IIoT), cloud computing, artificial intelligence (AI), and machine learning (ML). Prominent manufacturers in the activated charcoal supplements market include 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.
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