Activated Charcoal Supplement Market is Expected to Show a Significant Growth by 2025

03/mar/2021 07:55:19 Grand View Research Contatta l'autore

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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.

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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.

Activated Charcoal Supplement Market Report Highlights

·         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 Market Segmentation

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

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Activated Charcoal Supplement Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

o     U.S.

·         Europe

o    U.K.

·         Asia Pacific

o    Japan

·         Middle East and Africa

o    South Africa

·         Central & South America

o    Brazil

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