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According to the latest research, the global Forskolin market size was valued at USD 117.99 million in 2022 and is expected to expand at a CAGR of 4.48% during the forecast period, reaching USD 153.48 million by 2028.
Forskolin refers to natural supplement obtained from the root of a Coleus forskohlii plant. Forskolin extract, herb of the mint species, is of high medicinal value. It is mostly found in countries of South East Asia, Thailand, and mostly India. Forskolin plant is essentially utilized for treating intestinal disorders and several cardio vascular diseases. It is herbal remedy for diseases such as asthma, high blood pressure, and chest pain. It is also effective in treating insomnia. It is an effective remedy against allergies and other skin related problems. It also controls appetite and boost energy levels. Forskolin extract is also capable in reducing excess fat from the body. It stimulates the thyroid hormone of the body, thereby increase metabolism which in turn help in reducing weight. These high health benefits are expected to contribute significantly in raising the consumption levels of Forskolin extracts during the forecast period.
COVID-19 Impact
The current COVID-19 pandemic, which has wreaked havoc on global trade and industry, is expected to suffocate the Forskolin market. Producers have suffered from fall in demand.
Apart from demand, the pandemic has had a significant impact on the supply chain; companies have experienced significant delays in obtaining the raw materials they require. This has made it very difficult for the manufacturers to maintain inventories.
COVID-19's lockdown restrictions, combined with manpower shortage, resulted in a decline in froskolin production, as well as a drop in sales.
Increasing demand of Forskolin
Forskolin is defined as a naturally occurring chemical compound, which is extracted from the roots of the Indian coleus (Coleus forskohlii), a tropical plant related to the mint family. As an herbal compound, Forskolin is used to treat various health complications such as weight management, respiratory disorders, insomnia, digestive disorders, and others. The growing preference for herbal supplements and increasing health consciousness with chemical-free medications among consumers have fuelled the demand for Forskolin in recent years.
Presence and availability of global brands substitute products
In today’s emerging world economies of the world is booming, which provides great chances for global corporations. The global brands have expanded a bee line to the global market to seize a market share in the growing pie. Generally, global brands refer to brands that are widely available and enjoy high levels of recognition across the world which are usually associated with higher quality, greater esteem, and advanced technology. Research has shown that consumers demonstrate stronger preference for global brands than local brands, even if product quality is the same. Global brands usually have an advantage over local brands. When consumers choose Forskolin products of the same specification, they tend to prefer global brands. The invisible advertising brand always makes them feel that global brands are higher than local brands.
Region Overview:
Asia Pacific dominated the Forskolin market in 2021, with a market share of 36.78%.
Company Overview:
Beloor Bayir is one of the major players operating in the Forskolin market, holding a share of 4.7% in 2022.
Beloor Bayir
Beloorbayir is a professionally managed company engaged in the manufacturing & marketing of select Active Pharmaceutical Ingredients, Nutraceutical Ingredients and Botanical Extracts. The company has invested in being a leader in the Nano technology area and most of its future products will be based on this platform redefining dosage forms and bioavailability.
Sabinsa Corporation
Sabinsa Corporation is a manufacturer, supplier and marketer of herbal extracts, cosmeceuticals, minerals, dietary supplements and specialty fine chemicals for the nutritional, cosmetic, pharmaceutical and food industries.
Segmentation Overview:
As for product types, the Medium Concentration (20%-40%) segment held the largest market share in 2021.
Application Overview:
By application, the Weight Management segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Forskolin industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Forskolin. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Forskolin Market Report Include:
Market Size Estimates: Forskolin market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Forskolin market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Forskolin market
Segment Market Analysis: Forskolin market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Forskolin market situations and prospects in major and top regions and countries
Forskolin Market
Forskolin Industry Chain: Forskolin market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Forskolin Industry News, Policies by regions
Forskolin Industry Porters Five Forces Analysis
Key players in the global Forskolin market are covered in Chapter 2:
Alchem International Limited
Beloor Bayir
Flavour trove
Bioprex Labs
Sabinsa Corporation
Cymbio Pharma Pvt. Ltd.
Nutra Green Biotechnology Co. Ltd
Varion Lifesciences Pvt. Ltd.
Nanjing Spring & Autumn Biological Engineering Co., Ltd.
ShangchengBio
In Chapter 6 and Chapter 9, on the basis of types, the Forskolin market from 2018 to 2028 is primarily split into:
Low Concentration (10%)
Medium Concentration (20%-40%)
High Concentration (95%)
In Chapter 7 and Chapter 10, on the basis of applications, the Forskolin market from 2018 to 2028 covers:
Allergy Treatment
Weight Management
Respiratory Problems
Cardiovascular Disorders
Glaucoma
Hypothyroidism
Psoriasis
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Forskolin market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Forskolin industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Forskolin market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Forskolin industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Forskolin market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Forskolin market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Forskolin market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Forskolin refers to natural supplement obtained from the root of a Coleus forskohlii plant. Forskolin extract, herb of the mint species, is of high medicinal value. It is mostly found in countries of South East Asia, Thailand, and mostly India. Forskolin plant is essentially utilized for treating intestinal disorders and several cardio vascular diseases. It is herbal remedy for diseases such as asthma, high blood pressure, and chest pain. It is also effective in treating insomnia. It is an effective remedy against allergies and other skin related problems. It also controls appetite and boost energy levels. Forskolin extract is also capable in reducing excess fat from the body. It stimulates the thyroid hormone of the body, thereby increase metabolism which in turn help in reducing weight. These high health benefits are expected to contribute significantly in raising the consumption levels of Forskolin extracts during the forecast period.
COVID-19 Impact
The current COVID-19 pandemic, which has wreaked havoc on global trade and industry, is expected to suffocate the Forskolin market. Producers have suffered from fall in demand.
Apart from demand, the pandemic has had a significant impact on the supply chain; companies have experienced significant delays in obtaining the raw materials they require. This has made it very difficult for the manufacturers to maintain inventories.
COVID-19's lockdown restrictions, combined with manpower shortage, resulted in a decline in froskolin production, as well as a drop in sales.
Increasing demand of Forskolin
Forskolin is defined as a naturally occurring chemical compound, which is extracted from the roots of the Indian coleus (Coleus forskohlii), a tropical plant related to the mint family. As an herbal compound, Forskolin is used to treat various health complications such as weight management, respiratory disorders, insomnia, digestive disorders, and others. The growing preference for herbal supplements and increasing health consciousness with chemical-free medications among consumers have fuelled the demand for Forskolin in recent years.
Presence and availability of global brands substitute products
In today’s emerging world economies of the world is booming, which provides great chances for global corporations. The global brands have expanded a bee line to the global market to seize a market share in the growing pie. Generally, global brands refer to brands that are widely available and enjoy high levels of recognition across the world which are usually associated with higher quality, greater esteem, and advanced technology. Research has shown that consumers demonstrate stronger preference for global brands than local brands, even if product quality is the same. Global brands usually have an advantage over local brands. When consumers choose Forskolin products of the same specification, they tend to prefer global brands. The invisible advertising brand always makes them feel that global brands are higher than local brands.
Region Overview:
Asia Pacific dominated the Forskolin market in 2021, with a market share of 36.78%.
Company Overview:
Beloor Bayir is one of the major players operating in the Forskolin market, holding a share of 4.7% in 2022.
Beloor Bayir
Beloorbayir is a professionally managed company engaged in the manufacturing & marketing of select Active Pharmaceutical Ingredients, Nutraceutical Ingredients and Botanical Extracts. The company has invested in being a leader in the Nano technology area and most of its future products will be based on this platform redefining dosage forms and bioavailability.
Sabinsa Corporation
Sabinsa Corporation is a manufacturer, supplier and marketer of herbal extracts, cosmeceuticals, minerals, dietary supplements and specialty fine chemicals for the nutritional, cosmetic, pharmaceutical and food industries.
Segmentation Overview:
As for product types, the Medium Concentration (20%-40%) segment held the largest market share in 2021.
Application Overview:
By application, the Weight Management segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Forskolin industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Forskolin. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Forskolin Market Report Include:
Market Size Estimates: Forskolin market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Forskolin market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Forskolin market
Segment Market Analysis: Forskolin market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Forskolin market situations and prospects in major and top regions and countries
Forskolin Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Forskolin Industry Chain: Forskolin market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Forskolin Industry News, Policies by regions
Forskolin Industry Porters Five Forces Analysis
Key players in the global Forskolin market are covered in Chapter 2:
Alchem International Limited
Beloor Bayir
Flavour trove
Bioprex Labs
Sabinsa Corporation
Cymbio Pharma Pvt. Ltd.
Nutra Green Biotechnology Co. Ltd
Varion Lifesciences Pvt. Ltd.
Nanjing Spring & Autumn Biological Engineering Co., Ltd.
ShangchengBio
In Chapter 6 and Chapter 9, on the basis of types, the Forskolin market from 2018 to 2028 is primarily split into:
Low Concentration (10%)
Medium Concentration (20%-40%)
High Concentration (95%)
In Chapter 7 and Chapter 10, on the basis of applications, the Forskolin market from 2018 to 2028 covers:
Allergy Treatment
Weight Management
Respiratory Problems
Cardiovascular Disorders
Glaucoma
Hypothyroidism
Psoriasis
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Forskolin market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Forskolin industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Forskolin market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Forskolin industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Forskolin market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Forskolin market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Forskolin market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
different aspects including drivers, restraints...
