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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https://www.grandviewresearch.com/industry-analysis/activated-charcoal-supplement-market
https://www.grandviewresearch.com/industry-analysis/activated-charcoal-supplement-market
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.
Grand View Research has segmented the
global activated charcoal supplement market on the basis of product type,
application, and region:
Activated Charcoal Supplement Product Type
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Capsules
·
Tablets
Activated Charcoal Supplement Application
Outlook (Revenue, USD Billion, 2015 - 2025)
·
Antidiarrheal
·
Detoxification
·
Eliminate Swelling
Activated Charcoal Supplement Regional
Outlook (Revenue, USD Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
Central & South America
About Grand View Research
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.
For More Information: www.grandviewresearch.com