Activated Charcoal Supplement Market Size, Growth Rate Analysis:
Activated Charcoal Supplement Market was worth USD 3.98 billion in 2019, and it is estimated to reach a valuation of USD 9.80 billion by the end of 2025, rising at a CAGR of about 11% during the forecast period.
Activated charcoal, also known as activated carbon, is a form of processed carbon. Activated carbon is produced by treating organic substances with high carbon content. Physical adsorption is a crucial property of activated carbon, which is useful for purification, cavity removal, metal finishing, chemicals, filters, and removal of contaminants and fuel storage. The liquid and gaseous phase of activated carbon have improved use to remove lead, dissolved radon, other odor-causing compounds, and mercury. The benefits provided by the activated carbon sector will lead to the global industry. Also, the activated charcoal industry grows exponentially in North America and Europe. This allows the resulting solids to exhibit small and small amounts of pores that increase the surface area for adsorption or chemical reactions. It is mainly used for gas and liquid purification in food and beverage treatment, chemical industry, and water treatment.
The global activated charcoal supplement market is at the forefront of witnessing recent advances in reactivation service technology and integration with global supply lines. Furthermore, they influenced the dynamics of supply and demand for these solids.
Serious health risks are continually increasing among consumers when they drink impure water. The growth of the activated carbon industry is underpinned by improved drinking water treatment, increased automobile ownership, and better manufacturing and environmental standards. Several countries, including China and India, are investing heavily in water purification plants, where demand for activated charcoal is supposed to increase during the forecast period. Due to increased government subsidies and industrialization, the activated carbon sector is also being promoted.
Furthermore, the increasing demand for mercury control technology in industrial air purification applications is one of the main drivers of the market. Companies are embracing geographic expansion and new product development as key strategies to stay on the market. Due to technological advances and product development, used activated carbon reactivation applications are increasing. Several companies developed these technologies and launched into the revitalization business that are providing facilities like revitalization services on site. This scenario has prevented many companies from removing and recycling old carbon. These factors are expected to help the market find appeal in new applications.
The increasing need for water treatment plants due to water scarcity and increased pollution is a major driving force in this market. Additionally, the demand for activated carbon applications is increasing due to strict environmental regulations to control carbon emissions and pollutants. The activated carbon sector increases as industrialization and urbanization increases. The government is focused on keeping the environment healthy in terms of water and air safe for life. It also provides subsidies to industries such as the power generation industry to control pollution. As people consume contaminated water and air, a great interest in health issues has increased the application of activated carbon in purification, health and beverage processing, pharmaceutical and medical, automotive, etc. Additionally, high levels of pollution, rising per capita income, and the development and launch of new products will create potential opportunities to expand the global activated charcoal supplement market in the coming years.
The threat of the adoption of alternative materials, such as silica gel, has provided fierce competition for the dynamics of demand for activated carbon. The adoption of these solids is expected to be inhibited due to the low availability of raw materials such as phenolic resins, coconut shell coal and wood charcoal (which causes fluctuations in prices) and the presence of expensive derivatives of these solids support the future growth of the market.
Market Segmentation Analysis:
Based on Product:
Based on Application:
The market is classified as tablets and capsules, depending on the product type. During the prediction period, both segments are expected to grow faster. Due to the comfort and long-term advantages of capsules compared to tablets, the capsules segment is anticipated to reach nearly USD 6.0 billion by 2025.
In addition to beauty, activated charcoal tablets also affect bowel and stomach problems. It is commonly used as the morning pill and a replacement for several people's multivitamin pills. Due to its extensive use as a detox agent, this category also holds a significant share in the market.
Antidiarrheal, detoxification and swelling removal are included in the application section. Activated supplements of charcoal are used to treat nausea, diarrhea and other disorders of the stomach. It is also used for the treatment of accidental poisoning and drug overdose and the calming feeling of dialysis among people. This functions by combining toxins and creating an enormous mass, too big to penetrate the skin. It can also avoid the degradation and treatment of toxins by the liver. As detoxifiers and anti-aging agents, activated carbon capsules are used. Numerous cellular changes associated with aging are prevented. The cognitive and adaptive functioning of essential organisms, such as the kidney, the liver, and the adrenals, has proved to be a better defense mechanism. In some countries, swelling from injury or illness is reduced.
Regional Presence of the Market:
All regions except the Asia Pacific are assumed to see a decline in market share due to active growth in the Asia Pacific region during the outlook period. An economy like China, India, and Japan is foreseen to lead the area in the next six years. Coconut husk is one of the most widely used and proven raw materials to make activated carbon. Several Asian countries, such as the Philippines, Indonesia, Malaysia, India, and Sri Lanka, have an ideal tropical climate for constant cultivation of coconut, making the Asia Pacific an important source worldwide.
North America is the second-largest market after the Asia Pacific. Developing countries like North America and Europe are anticipated to show moderate growth due to saturation of end-use industries and especially weak economic scenarios in Europe. Environmental protection, strict rules and standards, and an increase in government initiatives to protect the environment are presumed to help the market during the projection period. As a result, water treatment, air purification, and mercury absorption are some of the applications that are likely to show active growth.
Impact of COVID-19 on Activated Charcoal Supplement Market
Uncertainty about employment increases, with the likelihood that a point of sale was employed at the closing store. Outlets that will continue to exist will do so with significantly less seating capacity and reduced overall demand due to public perception and reduced unjustified departures, further impacting the number of employees needed. The return of migrant labor to their country of origin will also affect the availability of skilled labor and there may be a shortage of people who are well adjusted to the limited jobs available. It will be a two-sided problem for both operators and F&B employees. As per the industry experts, this phase is survival of the fittest. So while many operations will deteriorate, some will merge with larger companies. Today, as the entire nation grapples with the problem of a global recession, all sectors are in an unprecedented situation where they are forced to make difficult decisions that could have colossal tax effects on their businesses. By being forced to endure this challenge, the F&B sector does so for the benefit of the entire community, although it will take some time to recover from losses incurred during the closing phase. While the strong performance in the last quarter will be austere, expectations for a strong rebound in the days after the close are not predictable and will be a daunting task. The road to profitability will not be easy and companies will need to adopt innovative and more efficient methods of doing business and creating new sources of income to maintain their presence in the market.
The presence of significant players, such as Holland & Barrett, Jacobi Carbons (OSAKA GAS), and Carbotech, make the industry competitive in this area.
Key Players in the Market:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Product
5.1.5 Market Attractiveness Analysis, By Product
5.1.6 Market Share Analysis, By Product
5.2.4 Y-o-Y Growth Analysis, By Application
5.2.5 Market Attractiveness Analysis, By Application
5.2.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Application
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Jacobi Carbons
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Country Life
8.4 Swanson Premium
8.5 Amy Myrers
8.6 Schizandu Organics
8.8 Nature's Way
8.9 Holland & Barrett
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures