Around 500 million dollars worth of forskolin were sold worldwide in 2022. By 2022, the forskolin market is anticipated to expand by an additional USD 1000 Million, with a CAGR of roughly 8% to 9% predicted for the forecast period of 2022 to 2032.
Forskolin, derived from the roots of the Indian Coleus plant, has been used in traditional medicine for centuries. It is believed to offer various health benefits, and in recent years, it has gained popularity as a weight loss supplement, with claims of boosting metabolism and fat burning.
However, scientific evidence supporting these claims is limited, and further research is required. Forskolin may also show promise in treating conditions like high blood pressure, glaucoma, and heart failure. As with any supplement, it’s important to consult a healthcare provider before use, as it may interact with medications or cause side effects.
Emerging as the Replacement for Xanthan Gum, Forskolin is Generating Demand from Various Industries
According to the World Health Organization, 13% of the global adult population is suffering from obesity and overweight issue in the year 2016. Obesity issues and health problems are directly connected to poor dietary choices.
An increasing number of individuals and children with health issues has played a significant role in the consumers’ attention toward ingredients used in supplements and various food products. Forskolin is known to promote appetite fullness when consumed, thus helping in weight loss.
Due to the change in consumers’ perception seeking to try natural and healthier products, the demand for Forskolin is increasing at a rapid rate. The consumer awareness about the ingredients in the products that they consume has also promoted the use of plant-based dietary supplements. Xanthan gum has been known to have side effects and also its use is to be limited as per regulations. The Forskolin being a natural product is thus replacing the use of xanthan gum as a food additive.
Global Forskolin Market – Key Players:
Key market players identified in the global Forskolin market include Wolfson Berg Limited, Sabinsa Corporation, Nutra Green Biotechnology Co., Ltd., Varion Lifesciences Pvt. Ltd., Bioprex Labs, Alchem International Limited, Flavour trove, Cymbio Pharma Pvt. Ltd., Alexa Biotech Pvt. Ltd. among others.
Forskolin Market: Opportunities
Forskolin is gaining great commercial significance, as they are engaged in the stabilization of foods, development of several industrial and pharmaceutical compounds. Pharmaceuticals is generating attractive demand for Forskolin for its unique properties. The use of Forskolin as the antimicrobial, antitumor and the antiviral compound has been investigated. Forskolin has shown immune stimulatory effects compared to other biopolymers, and its prospective contribution to the treatment of multiple diseases are taken into account in therapeutic regimens. Also, attractive marketing strategies implemented by manufacturers of dietary supplements are boosting the sales of these products. This, in turn, has resulted in an increase in the demand for Forskolin.
Forskolin Market: Regional Analysis
The Forskolin market in the Asia Pacific is expected to witness lucrative growth owing to the increased demand from the food and beverage industry for various applications. The increase in purchasing power, increase in middle-class population and the influence of Western culture are also few of the factors which will result in the increased demand of Forskolin in the APAC region.
Europe is expected to dominate the market, followed by North America. Also, owing to massive competition between different polysaccharides including Forskolin for industrial applications, several advanced techniques, and methodologies have been discovered by several R&Ds and researchers to explore their structural backbone. Many manufacturers are developing their own research and development team to manufacture innovative Forskolin products. Increasing competition and expansion of Research and Development is expected to have a positive impact on the Forskolin market.
The research report presents a comprehensive assessment of the forskolin market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product type, application, and end use.
The report covers exhaustive analysis on:
- Forskolin Market Segments
- Forskolin Market Dynamics
- Forskolin Market Size
- Forskolin Supply and Demand
- Current Trends/Issues/Challenges pertaining to Forskolin Market
- Competition Landscape and Emerging Market Participants in Forskolin Market
- Technology related to Production/Processing of Forskolin
- Value Chain Analysis of the Forskolin Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Checkout the Report for Market-Driven Insights
Forskolin Market: Market Segmentation
The Forskolin market is segmented on the basis of end use, application and concentration.
By End Use, the Forskolin market is segmented into:
- Nutraceuticals
- Pharmaceutical
- Dietary Supplements
- Others (Food Processing, Cosmetics)
By Application, the Forskolin market is segmented into:
- Allergy Treatment
- Weight Management
- Respiratory Problems
- Cardiovascular Disorders
- Glaucoma
- Hypothyroidism
- Psoriasis
- Others
By Concentration, the Forskolin market is segmented into:
- Low Concentration (10%)
- Medium Concentration (20%-40%)
- High Concentration (95%)
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