[250 Pages Report] 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 to 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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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.
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.
Principal Consultant
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.
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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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 Attribute | Details |
|---|---|
| Growth Rate | CAGR of 8% to 9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Concentration
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Concentration, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Concentration, 2022-2032
5.3.1. 10 Percentage
5.3.2. 20 Percentage
5.3.3. 40 Percentage
5.3.4. 95 Percentage
5.4. Y-o-Y Growth Trend Analysis By Concentration, 2017-2021
5.5. Absolute $ Opportunity Analysis By Concentration, 2022-2032
Deep-dive segmentation will be available in the sample on request
6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Application, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Application, 2022-2032
6.3.1. Weight Management
6.3.2. Respiratory Disorders
6.3.3. Insomnia
6.3.4. Digestive Disorders
6.3.5. Other Applications
6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
6.5. Absolute $ Opportunity Analysis By Application, 2022-2032
Deep-dive segmentation will be available in the sample on request
7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By End Use, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By End Use, 2022-2032
7.3.1. Nutraceuticals
7.3.2. Pharmaceutical
7.3.3. Dietary Supplements
7.3.4. Food Processing
7.3.5. Cosmetics
7.3.6. Others
7.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021
7.5. Absolute $ Opportunity Analysis By End Use, 2022-2032
Deep-dive segmentation will be available in the sample on request
8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Kg) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Kg) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia & Pacific
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Concentration
9.2.3. By Application
9.2.4. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Concentration
9.3.3. By Application
9.3.4. By End Use
9.4. Key Takeaways
10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Concentration
10.2.3. By Application
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Concentration
10.3.3. By Application
10.3.4. By End Use
10.4. Key Takeaways
11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. U.K.
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Concentration
11.2.3. By Application
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Concentration
11.3.3. By Application
11.3.4. By End Use
11.4. Key Takeaways
12. East Asia Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Concentration
12.2.3. By Application
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Concentration
12.3.3. By Application
12.3.4. By End Use
12.4. Key Takeaways
13. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Indonesia
13.2.1.4. Malaysia
13.2.1.5. Singapore
13.2.1.6. Australia
13.2.1.7. New Zealand
13.2.1.8. Rest of South Asia & Pacific
13.2.2. By Concentration
13.2.3. By Application
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Concentration
13.3.3. By Application
13.3.4. By End Use
13.4. Key Takeaways
14. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Kg) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Kg) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Concentration
14.2.3. By Application
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Concentration
14.3.3. By Application
14.3.4. By End Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Concentration
15.1.2.2. By Application
15.1.2.3. By End Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Concentration
15.2.2.2. By Application
15.2.2.3. By End Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Concentration
15.3.2.2. By Application
15.3.2.3. By End Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Concentration
15.4.2.2. By Application
15.4.2.3. By End Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Concentration
15.5.2.2. By Application
15.5.2.3. By End Use
15.6. U.K.
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2021
15.6.2.1. By Concentration
15.6.2.2. By Application
15.6.2.3. By End Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2021
15.7.2.1. By Concentration
15.7.2.2. By Application
15.7.2.3. By End Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2021
15.8.2.1. By Concentration
15.8.2.2. By Application
15.8.2.3. By End Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2021
15.9.2.1. By Concentration
15.9.2.2. By Application
15.9.2.3. By End Use
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2021
15.10.2.1. By Concentration
15.10.2.2. By Application
15.10.2.3. By End Use
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2021
15.11.2.1. By Concentration
15.11.2.2. By Application
15.11.2.3. By End Use
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2021
15.12.2.1. By Concentration
15.12.2.2. By Application
15.12.2.3. By End Use
15.13. India
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2021
15.13.2.1. By Concentration
15.13.2.2. By Application
15.13.2.3. By End Use
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2021
15.14.2.1. By Concentration
15.14.2.2. By Application
15.14.2.3. By End Use
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2021
15.15.2.1. By Concentration
15.15.2.2. By Application
15.15.2.3. By End Use
15.16. Malaysia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2021
15.16.2.1. By Concentration
15.16.2.2. By Application
15.16.2.3. By End Use
15.17. Singapore
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2021
15.17.2.1. By Concentration
15.17.2.2. By Application
15.17.2.3. By End Use
15.18. Australia
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2021
15.18.2.1. By Concentration
15.18.2.2. By Application
15.18.2.3. By End Use
15.19. New Zealand
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2021
15.19.2.1. By Concentration
15.19.2.2. By Application
15.19.2.3. By End Use
15.20. GCC Countries
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2021
15.20.2.1. By Concentration
15.20.2.2. By Application
15.20.2.3. By End Use
15.21. South Africa
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2021
15.21.2.1. By Concentration
15.21.2.2. By Application
15.21.2.3. By End Use
15.22. Israel
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2021
15.22.2.1. By Concentration
15.22.2.2. By Application
15.22.2.3. By End Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Concentration
16.3.3. By Application
16.3.4. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Nutra Green Biotechnology Co., Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Cymbio Pharma Pvt. Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Bioprex Labs
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Sabinsa Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Wolfson Berg Limited
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Varion Lifesciences Pvt. Ltd.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Alchem International Limited
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Flavour Trove
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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