Dietary Supplements Application Stands Out As The Major Contributor To Coconut Charcoal Market Growth

Coconut Charcoal Market is the vital supplement to support chelate and binds toxins and other unwanted compounds out of the body. Further, Coconut Charcoal is extensively employed as efficient industrial fuel and it is also used for laundries and goldsmiths and Blacksmithing. Apart from industrial fuel coconut shell Charcoal is also applied to harvest activated carbon which has got several beauty and industrial applications. Moreover, the major application of coconut charcoal is dietary supplement. Consumers are becoming aware of the importance of healthcare and preventive medicine, globally. Dietary supplements producers are also putting efforts to increase awareness of their products which is pouring consumers to actively concentrating on their nutritional demands. Thus, the rising awareness of preventive healthcare, with the nutritional benefits of consuming dietary supplements is expected to propel the demand for dietary supplements, consequently for the coconut charcoal during the forecast period. In addition, in 2017, as per the Council for Responsible Nutrition of united states, 76% of Americans are recorded to be taking dietary supplements which were 64% in 2008. Additionally, usage of activated carbon from natural material such as coconut charcoal as metal absorbance of the wastewater is trending in the market.

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Asia Pacific Coconut charcoal market:  Offers immense opportunity

Asia Pacific is the most substantial market and anticipated to be the fastest growing region during the forecast period. Rapid industrialization in Asia pacific, coupled with regulations designed to safeguarding the environment are anticipated to offer benefit to the regional market development. Coconut based carbon has the highest hardness as compared to other types of activated carbons, that makes it the ideal carbon for water purification. Improvement of water quality is a top priority in China, and the varying levels of provincial drinking water quality are standardized by the introduction of a new national standard by the Chinese government. The national standards are derived from WHO’s guidelines for drinking water quality, which are applicable to both rural and urban areas, hence it generates huge demand for coconut-based charcoal. Demand from countries such as India, Japan, and China are projected to be critical contributors to the overall Asia Pacific market demand.