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Global Forskolin Market: By Concentration: Low (10%), Medium (20%-40%), and High Concentration (95%); By Application: Allergy Treatment, Weight Management, Respiratory Problems, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Forskolin Market Outlook
The global forskolin market is expected to grow at a CAGR of 8% in the forecast period of 2023-2028.
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The Asia Pacific is Expected to be a Significant Region for the Forskolin Industry
The Asia Pacific is expected to provide significant growth opportunities over the forecast period due to the easy availability of forskolin in the region. Further, the rapidly developing emerging economies within the region, particularly India and China, represent high growth potential for the market. The improving standards of living, the presence of a large population, and the increased reliance on herbal products are aiding the market growth in these nations. The other regions like North America and Europe are witnessing an increased demand for natural products owing to the rising health consciousness among consumers. The increasing obesity levels and the growing prevalence of weight-related problems are driving the demand for weight loss supplements in the region, thus, leaving immense scope for market expansion in the coming years.
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Forskolin: Market Segmentation
Forskolin, also known as coleonol, and pashanabhedi, among other names, is a natural supplement derived from the root of a Coleus forskohlii plant (Indian coleus), a member of the mint family. The plant is mostly found in India, Thailand, and the countries of South East Asia. The extracts of forskolin are of high medicinal value. It has long been used in folk medicine and Ayurveda to treat various ailments and breathing disorders like asthma. Nowadays, it is marketed as a popular weight loss supplement.
Based on concentration, the market is divided into:
- Low Concentration (10%)
- Medium Concentration (20%-40%)
- High Concentration (95%)
Based on application, the industry can be segmented into:
- Allergy Treatment
- Weight Management
- Respiratory Problems
- Cardiovascular Disorders
- Glaucoma
- Hypothyroidism
- Psoriasis
- Others
On the basis of end use, the industry has been categorised into:
- Nutraceuticals
- Pharmaceuticals
- Dietary Supplements
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Growing Shift Towards Natural Products is Bolstering the Market Growth of Forskolin
The global forskolin industry is being driven by the rising health awareness among consumers, coupled with the growing inclination towards natural and plant-based products. The growing incidences of respiratory problems, obesity, and cardiovascular disorders across the different parts of the world are further driving the demand for the product owing to its numerous health benefits and therapeutic efficacy. The growing focus on grooming and appearance is resulting in the increased demand for weight loss or dietary supplements. The consumers are looking for products with natural ingredients as they do not possess the risk of side effects. This is significantly boosting the sales of the product. Further, the improving standards of living and the rising consumer disposable incomes, particularly in the emerging nations, are also aiding the industry growth. Over the forecast period, the growing technological advancements and new product launches are expected to propel the market forward.
Key Industry Players in the Global Forskolin Market
The report gives a detailed analysis of the following key players in the global forskolin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sabinsa Corporation
- Nutra Green Biotechnology Co., Ltd.
- Varion Lifesciences Pvt. Ltd.
- Alchem International Pvt Ltd
- Cymbio Pharma Pvt Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Concentration, Application, End Use, Region |
| Breakup by Concentration | Low Concentration (10%), Medium Concentration (20%-40%), High Concentration (95%) |
| Breakup by Application | Allergy Treatment, Weight Management, Respiratory Problems, Cardiovascular Disorders, Glaucoma, Hypothyroidism, Psoriasis, Others |
| Breakup by End Use | Nutraceuticals, Pharmaceuticals, Dietary Supplements, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Sabinsa Corporation, Nutra Green Biotechnology Co., Ltd., Varion Lifesciences Pvt. Ltd., Alchem International Pvt Ltd, Cymbio Pharma Pvt Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Forskolin Market Analysis
8.1 Key Industry Highlights
8.2 Global Forskolin Historical Market (2018-2022)
8.3 Global Forskolin Market Forecast (2023-2028)
8.4 Global Forskolin Market by Concentration
8.4.1 Low Concentration (10%)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Medium Concentration (20%-40%)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 High Concentration (95%)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Forskolin Market by Application
8.5.1 Allergy Treatment
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Weight Management
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Respiratory Problems
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Cardiovascular Disorders
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Glaucoma
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Hypothyroidism
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Psoriasis
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Forskolin Market by End Use
8.6.1 Nutraceuticals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Pharmaceuticals
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Dietary Supplements
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Forskolin Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Sabinsa Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Nutra Green Biotechnology Co., Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Varion Lifesciences Pvt. Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Alchem International Pvt Ltd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Cymbio Pharma Pvt Ltd
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Forskolin Market: Key Industry Highlights, 2018 and 2028
2. Global Forskolin Historical Market: Breakup by Concentration (USD Million), 2018-2022
3. Global Forskolin Market Forecast: Breakup by Concentration (USD Million), 2023-2028
4. Global Forskolin Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Forskolin Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Forskolin Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Global Forskolin Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Global Forskolin Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Forskolin Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Forskolin Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Forskolin Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Forskolin Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Forskolin Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Forskolin Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Forskolin Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Forskolin Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Forskolin Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Forskolin Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Forskolin Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Forskolin Market Structure
Key Questions Answered in the Report
The global forskolin market is projected to grow at a CAGR of 8% between 2021 and 2026.
The major drivers of the industry, such as rising disposable incomes, increasing population, enhancing standards of living, rising demand for herbal supplements, increasing inclination towards natural and plant-based products, and rising health consciousness, are expected to aid the market growth.
The key trends guiding the growth of the market include the rising demand for organic products and growing technological advancements.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading concentrations of forskolin in the industry are low concentration (10%), medium concentration (20%-40%), and high concentration (95%).
The major application segments in the market are allergy treatment, weight management, respiratory problems, cardiovascular disorders, glaucoma, hypothyroidism, and psoriasis, among others.
The significant end-use sectors in the industry are nutraceuticals, pharmaceuticals, and dietary supplements, among others.
The major players in the industry are Sabinsa Corporation, Nutra Green Biotechnology Co., Ltd., Varion Lifesciences Pvt. Ltd., Alchem International Pvt Ltd, and Cymbio Pharma Pvt Ltd, among others.
Analyst Review
The global forskolin market is being driven by the rising demand for herbal supplements. Aided by the growing product launches, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By concentration, the market can be segmented into low concentration (10%), medium concentration (20%-40%), and high concentration (95%). On the basis of application, the industry can be divided into allergy treatment, weight management, respiratory problems, cardiovascular disorders, glaucoma, hypothyroidism, and psoriasis, among others. Based on end use, the market can be segmented into nutraceuticals, pharmaceuticals, and dietary supplements, among others. The major regional markets for forskolin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Sabinsa Corporation, Nutra Green Biotechnology Co., Ltd., Varion Lifesciences Pvt. Ltd., Alchem International Pvt Ltd, and Cymbio Pharma Pvt Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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