05 November 2020
Visiongain has published a new report on Activated Charcoal Supplement Market Report : Forecasts by Type (Capsules, Tablets), by Application (Antidiarrheal, Detoxification and Eliminate Swelling), PLUS Profiles of Leading Activated Charcoal Supplement Manufacturing Companies and Regional and Leading National Market Analysis, PLUS COVID-19 Recovery Scenarios.
The Global Activated Charcoal Supplement Market was valued at US$ xx billion in 2020 and is projected to reach a market value of US$ xx billion by 2031. The rising usage of charcoal supplements for medical usages is a major factor in driving the market growth. Capsules of activated charcoal are used to treat conditions such as oral overdose and food poisoning. Further, activated charcoal is also known as activated carbon which is an adsorptive material that is highly porous and also has a large surface area and amorphous structure.
COVID-19 Impact on Sports Nutrition Ingredients Market
There is a rising demand for supplements products due to the COVID-19 pandemic to have proper health and boost immunity. This in turn is generating new opportunities for the activated charcoal supplement market. Limited availability of doctors due to the pandemic consumers prefer having supplements with them to make treatment any kind of treatment feasible to a maximum extent.
Growth in the Medical Sector
Growth in the medical sector is one of the major factors driving the demand for activated charcoal. For instance, in the U.S, the healthcare industry is placed in the priority areas of medical technology, innovation, and research. In 2019, the U.S healthcare industry was valued at more than US$ 2000 Billion with a growth rate of close to 50%. Further, the new healthcare trend of customized nutrition is also generating opportunities for activated charcoal over the years.
Growing usage of activated charcoal supplement in the skincare products
Further, the growing usage of activated charcoal supplements in skincare products is also a major factor that driving the market growth. For instance, companies such as WOW and Healthvit have started selling face wash products infused with activated charcoal supplements.
Growing demand for the activated charcoal supplement in the developing economies
Growing demand for the activated charcoal supplement in the developing economies in India and China is generating new opportunities during the forecast period. For instance, China’s supplement industry is growing at a significant growth rate owing to the dynamic manufacturing capabilities and increasing consumer attention towards the benefits of supplements. In addition to this, rapid consolidation between medium and large players is also expected since the Chinese government is encouraging industry consolidation to regulate the industry and improve the overall competitiveness across the globe.
Some of the key players in the activated charcoal supplement market are Jacobi Carbons (OSAKA GAS), Country Life, FORZA, Swamson Premium, Amy Myres, Schizandu Organics, Carbotech, Nature’s Way, Holland and Barrett, SimplySuplements among others. Manufacturers are engaged in the expansion of the product portfolio and product innovations. Further rising demand for activated charcoal supplement infused products is also generating new opportunity in the market. To meet the demand, manufacturers are also using activated charcoal supplements in the production of toothpaste to enhance the product portfolio. For instance, Cali White activated charcoal toothpaste is made with detoxifying ingredients and effective whitening products.
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