The food grade activated carbon market is estimated to secure a valuation of US$ 4.9 billion in 2023 and is estimated to rise to US$ 8.2 billion by 2033. The market is anticipated at a CAGR of 5.3% during the forecast period. the factor accelerating the demand for food-grade activated carbon are as follows-
The key raw material used for manufacturing the food-grade activated carbon is a coconut shell, resin, wood, and viscose rayon. Powdered and granulated are some of the popular forms of food-grade activated carbon. Food-grade activated carbon is used to purify liquids and gases in food & beverage processing thus many food and beverage products require activated carbon to improve purity, appearance, or other sensory characteristics.
Activated carbons are used for the treatment of sugar solutions and also cover a wide range of applications from the treatment of edible oils and fats. Apart from decolorization, activated carbon for removing impurities, which are typically organic compounds. All these applications predominantly use activated carbon in powder form.
The rapidly growing demand for fresh and filtered water in developing economies of the world is likely to boost the market for food-grade activated carbon throughout the forecast period. Also, the increasing demand for food-grade activated carbon in the treatment of various dyes, ions, and organic contaminants is expected to provide growth opportunity for market growth.
Asia Pacific is expected to account for the highest market share in the food-grade activated carbon market owing to the rapidly growing food and beverage industry. Food-grade activated carbon is typically used for water purification and gold mining applications in the region. The increasing water requirement from the industrial sector and increased government regulation for preventing water pollution are driving the demand for water treatment in the region. North America is the major market for food-grade activated carbon owing to the increase in environmental concerns in the region.
The food-grade activated carbon market is highly fragmented with the presence of a small number of vendors that control a large share of the market. Some of the key players operating in the food-grade activated carbon market are Kalimati Carbon Pvt Ltd, Puragen Activated Carbons, Carbon Activated Corporation, and Pruthvis Food Pvt Ltd among others. Com. These companies are implementing various strategies to gain an advantage such as emphasizing product quality and prices and building a strong brand reputation and distribution network.
Companies operating in the food-grade activated carbon market are focusing on organic growth strategies like product launches and product approvals. They have adopted various strategies such as mergers, acquisitions, advanced product development, and collaboration to gain a competitive edge in the market.
For instance - Puragen Activated Carbons offer high-purity powdered and granular activated carbon(PAC and GAC), OxPure™ high purity coal, and wood-based powdered activated carbon (PAC) with accurate pore size distribution (PSD) to purify sweeteners.
The future of the food-grade activated carbon market is promising as the market is expected to continue growing in the coming years. Rising disposable income and standard of living leading to an increase in consumer spending on personal care products is a major factor that is creating a lucrative opportunity for food grade activated carbon market. The market players are concentrating on the production of food-grade carbon from affordable sources and minimizing the adoption of costly industrial food-grade activated carbon. This in turn is expected to bolster the growth of the food-grade activated carbon market in upcoming years.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 4.9 billion |
| Projected Market Value in 2033 | US$ 8.2 billion |
| Growth Rate (2023 to 2033) | CAGR of 5.3% |
Activated carbon finds uses in a wide variety of industrial sectors, including food & beverage, water treatment, personal care and pharmaceutical. Currently, increasing demand for filtrated and unadulterated freshwater, especially from developed and emerging regions of the world, is expected to play a crucial factor in strengthening the overall growth of the food grade activated carbon market over the forecast period.
The market for food grade activated carbon for water treatment applications has seen substantial growth over the last few years and the trend is likely to continue over the forecast period. At present, research activities are increasingly concentrating on the production of food grade activated carbon from affordable sources and eventually minimizing the adoption of costly industrial food grade activated carbon.
In addition, the mitigation of wastewater using food grade activated carbon has earned significant attention as such technical developments play a crucial role in lowering the cost of goods of food grade activated carbon and, at the same time, the cost of bio-waste disposal.
The increasing demand for activated carbon in the treatment of numerous contaminants, including dyes, ions, and a range of organic contaminants, is expected to provide a significant boost to the overall growth of the food grade activated carbon market during the forecast period.
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Across the food & beverage market, adsorbent technologies are increasingly have been used to treat liquids. In addition, food grade activated carbon in powder form is used for decolourisation purposes and for the elimination of impurities, including organic compounds.
While food grade activated charcoal is gradually that are used in wastewater treatment, the requirement for food grade activated carbon from pharmaceuticals and personal care sectors is experiencing steady growth.
Food grade activated carbon plays an important role in removing bacteria, toxins, dirt and chemicals from the skin surface, as a result of which many companies across the personal care sector are moving towards the use of activated carbon in their goods – a factor that is expected to contribute to activated carbon market development over the forecast period.
In addition, food grade activated charcoal has also gained significant interest from cosmetic firms, as it removes blackheads and acne and more. Food grade activated carbon used in food products may contribute to reduced consumption of vitamins, gastrointestinal side effect and lower absorption of drugs.
As a result, the drawbacks of the use of food grade activated carbon in food products may impede the global demand for food grade activated carbon over the forecast period. People have adopted food grade activated carbon dioxide as an appropriate method to cure many of the conditions. It is used in toothpaste for its whitening qualities and in skin care products for its capacity to absorb toxins.
Perhaps one of the most effective ways people use food grade activated charcoal is by applying it to their food. It traps contaminants and chemicals in the intestines and, since it is not consumed by the body, activated carbon dioxide along with the toxic compounds it retains on its surface is extracted by feces.
Some of the key players operating in the global food grade activated carbon market includes
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The Asia-Pacific is the fastest growing market for food grade activated carbon in terms of volume and value. Increased development by companies, especially in the food & beverages sector, the increasing shift of manufacturing facilities to the developing economies of the area, and a large industrial base, are key drivers contributed to the growth of the food grade activated carbon market in the region.
The food grade activated carbon market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the food grade activated carbon market, including but not limited to: regional markets, product type and raw materials.
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The food grade activated carbon market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade activated carbon market report projects the attractiveness of each major segment over the forecast period.
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Food Grade Activated Carbon Market
