"Increasing adoption of capsule supplements will spur the market revenue growth"
The global activated charcoal supplement market accounted for US$ 5.1 Bn in 2021 and expected to grow to US$ 12.5 Bn growing at a CAGR of 9.5% throughout the forecast period from 2023 to 2030.
Activated charcoal supplement absorbents are tailor-made for precise applications on the basis of pore volume and pore size requirements. Activated charcoal supplement has a vital role in applications throughout the healthcare industry including treatment of diseases such as indigestion, diarrhea and flatulence among others. Wood, coconut shell, and fruit pits among other raw materials are processed on a mass scale. Thus, the easy availability and environmental and nature friendly products is driving the growth of the global market.
In addition, increasing adoption of activated charcoal supplement in the US, increasing investment flow for research and development of new products are driving the growth of the activated charcoal supplement market globally. In developed nations, demand for activated charcoal supplement is proliferated by regulatory standards implemented by governments. For instance, The European Food Standard Authority supported the use of activated charcoal supplements in Europe following human studies. Thereby proliferating the activated charcoal supplement market growth.
"Tablets charcoal supplement segment to register maximum growth throughout the forecast period"
Based on product type, the activated charcoal supplement market is segmented into tablets, and capsules. Capsules segment accounted for a share of more than 40% of the total revenue generated of the global activated charcoal supplement market. Owing to the wide usage of capsules in treatment of diseases such as constipation, diarrhea and flatulence is driving the growth in this segment. Additionally, the capsules are consumed at a large scale.
In contrast, tablet activated charcoal supplement is set to register highest growth throughout the forecast period. Owing to the beauty benefits and relieving effects in intestinal problems. These tablets are widely used as morning pills for detoxification and also as a replacement of multivitamin tablets by some people.
"Detoxification segment expected to be dominant during the forecast period"
Based on application, the global activated charcoal supplement market is classified into antidiarrheal, detoxification, and eliminate swelling. The detoxification segment accounted for more than 25% of market revenue. Owing to increasing usage of activated charcoal supplements to treat diarrhoea-induced stomach aches, and gas among others. It is also used for accidental drug overdose and poisoning and in patients with dialysis to soothe itching. In contrast, antidiarrheal segment to register fastest growth. Owing to increasing incidences of diarrhoea among children of age group 1 to 23 globally.
"Rising health concerns to bolster the growth in Asia Pacific region"
In 2021, North America region is dominating the activated charcoal supplement market and accounted for market share of more than 30%. North America is followed by Latin America. This is due to the rising demand of activated charcoal from the US, increasing awareness of benefits offered by supplements including detoxification and various other health benefits. Latin America region will have considerable growth due to rising incidences of diarrheal diseases among childrens.
In contrast, Europe region is expected to be the fastest growing region with a CAGR of more than 12%. This is due to growing disposable income, increasing trend for healthy lifestyle, and presence of major players in the region. Asia Pacific region is expected to grow significantly. This is due to high demand for activated charcoal supplements owing to increased gastrointestinal issues in countries such as India and China among others. Thus proliferating the demand for activated charcoal supplement market.
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Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Activated Charcoal Supplement market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
