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Forskolin Market

Market Insights on Forskolin covering sales outlook, demand forecast & up-to-date key trends

Forskolin Market by Concentration, Application, End Use & Region - Forecast 2022 - 2032

Forskolin Market Outlook

The global forskolin market size reached around US$ 450 Mn in 2021. The demand for forskolin is expected to create an incremental opportunity of US$ 500 Mn by 2022, projecting growth at a CAGR of nearly 8% to 9% during the forecast period 2022-2032. On account of the growing application across the industries such as food & beverages, pharmaceuticals, cosmetics, and others, the sales of forskolin are estimated to surpass US$ 1000 Mn by the end of 2032.

Report Attribute

Details

Forskolin Market Registered Base Value (2021)

US$ 450 Million

Forskolin Market Expected Value (2022)

US$ 500 Million

Forskolin Market Anticipated Value (2032)

US$ 1000 Million

Forskolin Market Projected Growth Rate (2022-2032)

8% to 9% CAGR

Forskolin as a naturally occurring chemical compound, extracted from the roots of a tropical plant Coleus Forskohlii, commonly known as Indian coleus, related to the mint family and is found in regions such as India, Thailand, and Nepal. This functional compound in generally used in biochemistry to increase the levels of cyclic adenosine monophosphate (cAMP) and in the study of cell physiology.

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What are Key Governing Factors Driving the Demand in the Global Forskolin Market?

Forskolin is garnering huge popularity across the pharmaceutical & dietary industry. It is finding a wide range of applications in the production of therapeutics medications for the treatment of diseases such as asthma, owing to its antitumor, antiviral, and antimicrobial properties.

In the past few years, a substantial rise in the incidence of cardiovascular and heart-related ailments & diseases is being witnessed worldwide, resulting in creating strong demand for associated therapeutics medications & supplements. For instance, according to the Centers for Disease Control and Prevention, nearly 18.2 Mn adults between the age of 20 to 70, or around 6.7% of the total population across the U.S. are incurring coronary artery disease.

As forskolin is extensively used in the production of medication for the treatment of heart-related disease and respiratory conditions, growing burden of cardiovascular diseases is projected to create high lucrative opportunities for growth in the global market.

Which are Major Restraints Hampering the Growth in the Global Forskolin Market?

There are a number of side effects associated with the consumption of forskolin such as a decline in blood pressure, fastening heartbeats, irritation in upper respiratory tract, restlessness in breathing, enlarging of the blood vessels in the eyes, headache, and others. Growing awareness pertaining to such adverse effects on health is hampering the demand for forskolin.

Also, high cost and increasing availability of substitutes such as xantham gum are some other factors restraining the sales of forskolin in the global market.

Nandini Roy Choudhury
Principal Consultant
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Why is the Sales of Forskolin Accelerating in the South Asia Market?

South Asia is projected to account for the dominant share in the global forskolin market between 2022 and 2032, states Future Market Insights.

Demand for forskolin is increasing at a swift pace, owing to its growing usage in the formulation of dietary supplements & medications for the treatment of cancer, weight management, asthma, and glaucoma among others.

Hence, leading industry players are introducing novel forskolin-based dietary supplements to cater to the growing demand. For instance, in 2019, NutriJa, an Indian manufacturer of dietary supplements, announced launching a new Nutrija Coleus Forskohlii Extract for boosting metabolism. A slew of such product launches is anticipated to favor the demand in the South Asia market.

How is North America Contributing to Overall Revenue Share in the Forskolin Market?

As per FMI, North America is estimated to emerge as a highly remunerative market for forskolin during the forecast period 2022-2032.

The prevalence of lifestyle diseases such as diabetes, obesity, and others is growing at a rapid pace across North America. For instance, according to the Trust for America Health, in 2020, more than 130 million people, or nearly 42.4% of the adult population in the U.S. were suffering from obesity.

Driven by its appetite suppressing, fat burning, enhancing metabolism abilities, and shifting customer preference towards all-natural & plant-based dietary supplements, forskolin is extensively being used in novel weight management supplements. Hence, growing demand for dietary supplements due to the rising burden of obesity is expected to drive the sales in the North America market.

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Market Competition

Some of the leading players in the forskolin market are Nutra Green Biotechnology Co., Ltd., Cymbio Pharma Pvt. Ltd., Bioprex Labs, Sabinsa Corporation, Wolfson Berg Limited, Varion Lifesciences Pvt. Ltd., Alchem International Limited, Flavour trove, Alexa Biotech Pvt. Ltd., and others others.

Leading participants in the forskolin market are focusing at adopting capacity expansion, collaboration, mergers & acquisitions strategies to gain edge in the highly competitive market.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 8% to 9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Concentration
  • Application
  • End Use
  • Region

Countries Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Key Companies Profiled

  • Nutra Green Biotechnology Co., Ltd.
  • Cymbio Pharma Pvt. Ltd.
  • Bioprex Labs
  • Sabinsa Corporation
  • Wolfson Berg Limited
  • Varion Lifesciences Pvt. Ltd.
  • Alchem International Limited
  • Flavour trove
  • Alexa Biotech Pvt. Ltd.
  • Others

Customization

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Key Segments Profiled in the Forskolin Market Survey

By Concentration:

  • Low Concentration (10%)
  • Medium Concentration (20% to 40%)
  • High Concentration (95%)

By Application:

  • Allergy Treatment
  • Weight Management
  • Respiratory Problems
  • Cardiovascular Disorders
  • Glaucoma
  • Hypothyroidism
  • Psoriasis
  • Others

By End Use:

  • Nutraceuticals
  • Pharmaceutical
  • Dietary Supplements
  • Food Processing
  • Cosmetics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

Frequently Asked Questions

FMI projects the demand for forskolin market to expand at 8% to 9% value CAGR over the forecast period 2022-2032.

The forskolin market is dominated by South Asia, and this trend is projected to continue for the assessment period.

Nutra Green Biotechnology Co., Ltd., Cymbio Pharma Pvt. Ltd., Bioprex Labs, Sabinsa Corporation, Wolfson Berg Limited, Varion Lifesciences Pvt. Ltd., Alchem International Limited, Flavour trove, Alexa Biotech Pvt. Ltd., and others are some key forskolin manufacturer.

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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