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.
Activated Charcoal Powder exhibits share-wide dominance over capsules, tablets, and other alternative product types. This can be attributed to the highly soluble nature of activated charcoal powder which makes it an effective method to utilize its medical properties.
Powder is closely followed by tablets which hold more than 1/4th of the market share. Glacial to adapt to changing trends, the geriatric population still prefers tablets over capsules, powder, or other product types. Since, a majority of consumers belong to the geriatric population, tablets are well-poised as the second most preferred product type.
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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.
Activated charcoal is organic in nature and versatile in use-cases. The global activated charcoal supplements market will leverage these properties and garner multiplying revenues during the forecast period. Market players must invest in research and development of use-cases and manufacturing processes. –Nandini Roy Choudhury, Client Partner at Future Market Insights
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.
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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.
What does the future hold?
Increase in government regulations on mercury, hydrogen sulfide, chlorine, and water contamination is expected to provide future growth opportunities. Developing application in medical treatments, liquid purification, and gas phase purification processes is expected to thrust market growth. Commercial end-use industry will grow on the back of increasing awareness among consumers and multiplying cases of intestinal diseases.
The global activated charcoal supplement market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Capsules
- Tablets
- Powder
- 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
- Antidiarrheal
- Detoxification
- Anti-Bloating
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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