Activated Charcoal Supplement Market is Considered as One of the Rapidly Growing Dynamic Markets
Posted: Aug 23, 2019
The global activated charcoal supplement market size is expected to reach USD 10.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.2% over the forecast period. Increasing use of activated charcoal supplements in the medical sector is expected to propel the market growth. It is extensively used to treat food poisoning and oral overdose, which follows oral ingestion.
Charcoal tablets and capsules are used to treat diseases like indigestion, diarrhea, and flatulence. Additionally, demand for these products is increasing owing to their various benefits such as antiviral, antibacterial, antifungal, and detoxifying. Consumption of activated charcoal tablets and capsules helps disrupt the intestinal gas.
Activated charcoal has the ability to absorb a wide range of drugs, bacteria, viruses, toxins, fungus, and chemicals found in water. This has made it an effective method for water treatment. In waste management centers, activated charcoal is often used in the filtration process. This, in turn, is anticipated to fuel the market growth. However, short-term consumption of activated charcoal supplements and certain side-effects such as constipation, slowing or blockage of the intestinal tract, and dehydration may prove to be challenging.
The market is classified as tablets and capsules on the basis of the product type. The capsules segment is anticipated to reach almost USD 6.0 billion by 2025, owing to convenience and long lasting benefits of capsules as compared to tablets. Moreover, it is widely used as a morning pill and a replacement for the multivitamin pills taken by some people. Activated charcoal tablets also have a relieving effect on the intestine and stomach problems. This category also holds a considerable share in the market, owing to its extensive use as a detox agent. This is expected to create a positive impact on the sales of activated charcoal supplements.
It works by binding toxins and forming a bulky complex that is too large for the body to absorb. It is to treat accidental poisoning and drug overdose, and to help soothe the itching sensation of people undergoing dialysis. In addition, it has the capability to block the liver breaking down or processing toxins.
In terms of revenue, Central and South America held the largest market share of 45.0% in 2018, due to rising incidence of diarrheal diseases among children of age group 0 to 23. The region continues to be the leading market owing to rising demand for activated charcoal in countries such as Brazil and Mexico. North America is likely to be one of the major regional markets over the forecast period owing to growing demand from U.S. Europe is expected to be the fastest growing region in the market due to growing disposable income and presence of players such as Carbotech.
Various manufacturers are engaged in innovations and product portfolio expansions. They are adding activated charcoal supplements in ice creams and naming it black ice cream. The key objective is to add value to their product and attract consumers. Some manufacturers are penetrating the market by designing various beauty products such as face wash that are inclusive of activated charcoal supplements, owing to their skin benefits.
Key players having a strong foothold in the market include Jacobi Carbons (OSAKA GAS), Country Life, FORZA, Swanson Premium, Amy Myrers, Schizandu Organics, Carbotech, Nature’s Way, and Holland & Barrett.
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Further key findings from the study suggest:
- In terms of revenue,both the product types namely capsules and tablets are projected to expand at a CAGR of 14.2% over the forecast period. However, the capsules category dominated the market with a share of 56.2% in 2018
- Central and South America dominated the global activated charcoal supplements market in 2018 and accounted for 45.0% share of the overall revenue. This trend is projected to continue over the next few years
- The industry is highly competitive in nature due to presence of the main players including Holland & Barrett, Jacobi Carbons (OSAKA GAS), and Carbotech
- Various manufacturers are concentrating on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.
Activated Charcoal Supplement Product Type Outlook (Revenue, USD Billion, 2015 - 2025)
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting