Forskolin Market
Forskolin Market Study by Low (<50%), Medium (50 to 95%), and High (>95%) Purity for Food & Beverages, Cosmetics, Pharmaceuticals, and Dietary Supplements from 2024 to 2034
Analysis of Forskolin Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Forskolin Market Outlook (2024 to 2034)
The global forskolin market has been calculated at a value of US$ 584 million in 2024 and is projected to further advance at a CAGR of 8.5% to reach US$ 1.32 billion by the end of 2034.
Forskolin is a root extract of the Indian plant Coleus forskohlii and is widely used in Ayurvedic medicine to treat diseases related to heart, thyroid, and respiratory systems. Forskolin is exhibiting high applications in end-use industries such as food & beverages, healthcare, cosmetics, and pharmaceuticals. The rising preference for herbal and organic food products is driving the use of forskolin in the food and beverage industry.
The herbal qualities of forskolin are also increasing their use in fitness and dietary supplements. Forskolin is widely used in the production of weight-loss supplements. Forskolin creates enzymes called lipase and adenylate cyclase that help reduce fatty acids in the body. This procedure further leads to the burning of fatty acids as fuel, resulting in weight loss. The fat-burning capabilities of forskolin are pushing its application in weight loss supplements.
Clean-label marketing is one of the notable forskolin market trends, benefiting key producers by earning more. Celebrity endorsements are also contributing to the sales growth of Forskolin products.
- The North American forskolin market size is anticipated to reach US$ 146.6 million in 2024.
Asia Pacific countries have a long tradition of using herbal medicines to cure numerous diseases. Countries including China, India, and Japan strongly trust natural medical remedies. Cultural beliefs and organic trends are boosting the consumption of forskolin products in the Asia Pacific region.
- East Asia is projected to capture 22.4% of the global forskolin market share by 2034.
| Report Attribute | Detail |
|---|---|
| Forskolin Market Size (2024E) | US$ 584 Million |
| Forecasted Market Value (2034F) | US$ 1.32 Billion |
| Global Market Growth Rate (2024 to 2034) | 8.5% CAGR |
| South Korea Market Value (2034F) | US$ 66.6 Million |
| Low (<50%) Purity Forskolin Demand Growth (2024 to 2034) | 8.8% CAGR |
| Key Companies Profiled | Nutra Green Biotechnology Co., Ltd.; Sabinsa Corporation; Wolfson Berg Limited; Varion Lifesciences Pvt. Ltd.; Cymbio Pharma Pvt. Ltd.; Bioprex Labs; Alchem International Limited; Shaanxi Jiahe Phytochem; ChromaDex, Inc.; Shaanxi Green Bio-Engineering Co., Ltd.; Biosynthesis Inc.; Xi'an Natural Field Bio-Technique Co., Ltd.; Acumen Pharmaceuticals, Inc.; Sigma-Aldrich Corporation; Indofine Chemical Company, Inc.; Bio-gen Extracts Pvt. Ltd.; Changsha Staherb Natural Ingredients Co., Ltd.; MediHerb Pty Ltd.; Cayman Chemical Company; Hunan Nutramax Inc.; Glentham Life Sciences; Flavour Trove; Alexa Biotech Pvt. Ltd.; Alpspure Lifesciences Pvt. Ltd. |
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Which Market Dynamics are Creating Profitable Opportunities for Forskolin Producers?
“Health and Wellness Trends Pushing Sales of Natural Forskolin Products”
Synthetic forskolin is highly used as an active compound in drug formulations to treat diseases related to heart, allergies, and asthma. The rising prevalence of chronic disorders such as respiratory and cardiovascular diseases and the growing demand for effective treatment options are pushing the use of synthetic forskolin in drug formulations.
Natural forskolin is finding extensive applications in the production of cosmetics, food & beverages, and dietary supplements. The potential health benefits associated with the consumption of natural forskolin such as weight management, reduced inflammation, and digestion are leading to its use in natural health supplement production. The rising awareness of consumers about the health benefits associated with the consumption of organic and herbal supplements is also contributing to the increasing sales of natural forskolin.
What’s Creating Roadblocks for Revenue Growth of Forskolin Manufacturers?
“Lack of Regulation and Standardization Gives Rise to High Threat of Product Recalls”
Lack of proper regulation and standardization on the manufacturing and commercialization of forskolin is one of the restraining factors. The increasing popularity and demand for natural and herbal products and supplements are driving high demand for forskolin products, some of which may not be produced following quality and safety standards. This may result in recalls and create a bad image of forskolin products. Consumers will be deterred from buying forskolin products and challenged by their potency and purity. The side effects associated with the consumption of forskolin, such as headache, restlessness, irritation in the upper respiratory tract, and fast heartbeats, can also hamper their production cycle.
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What Will Aid Start-ups in Standing Out from the Competition?
“Focus on Niche Marketing and Attract a Wider Consumer Base”
Increasing cases of obesity and related disorders are promoting the sales of supplements that can aid in weight management. This is one of the most profitable opportunities for food tech start-ups. New companies should focus on the target marketing aspect and produce nutritional solutions with the use of active ingredients such as forskolin that can help in burning fat, suppressing appetite, and boosting metabolism. Targeted or niche marketing is one of the notable marketing tactics for new companies to stand out in the forskolin market.
Country-wise Analysis
The United States is expected to hold 44.1% of the North American market share in 2024. Americans are widely opting for dietary and nutraceutical products made using herbal and natural ingredients such as forskolin.
East Asia is also a fast-growing market for forskolin products. China and Japan are the most profitable markets for forskolin product manufacturers. China is projected to hold 47.8% of the East Asia market share by 2034.
What are the Generating Opportunities for Forskolin Supplement Producers in the United States?
“More Obese People Preferring Herbal Supplements for Weight Management”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 64.6 Million |
| Growth Rate (2024 to 2034) | 9.1% CAGR |
| Projected Value (2034F) | US$ 154.5 Million |
- According to the article 'State of Obesity 2023: Better Policies for a Healthier America' published by the Trust for America’s Health, in the United States around 41.9% of adults are obese.
The United States is seeing high cases of chronic disorders related to obesity and heart. The patients are widely opting for natural remedies and supplements. The increasing awareness of health benefits associated with the consumption of herbal supplements is anticipated to boost the sales of forskolin products. The strong presence of biotech and pharma companies is also leading to a surge in the production of nutraceutical supplements with forskolin as a key ingredient. Thus, the United States is estimated to remain a big market for forskolin throughout the forecast period.
Why is Use of Forskolin Products High in Japan?
“Long History of Traditional Use of Herbal Medicines”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 37.2 Million |
| Growth Rate (2024 to 2034) | 9% CAGR |
| Projected Value (2034F) | US$ 87.8 Million |
East Asian countries such as Japan and China have the traditional practice of using herbal and organic medicines for the treatment of various diseases such as asthma, allergies, and cardiovascular disorders. The potential health benefits associated with the consumption of forskolin are supporting its sales growth.
- According to a report ‘Forecast of the total population in Japan from 2023 to 2120, by age group’ published by Statista, in 2023, around 36.35 million people living in Japan were above the age group 65.
Japan has a high population of senior citizens. Elderly citizens are most prone to chronic disorders, resulting in a high demand for effective and natural supplements such as forskolin.
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Category-wise Analysis
What’s Driving Demand for Medium (50% to 95%) Purity Forskolin?
“Medium Purity Forskolin Widely Used in Cosmetics and Nutraceuticals”
| Attribute | Medium (50% to 95%) Purity Forskolin |
|---|---|
| Segment Value (2024E) | US$ 323.5 Million |
| Growth Rate (2024 to 2034) | 8.4% CAGR |
| Projected Value (2034F) | US$ 727.6 Million |
Forskolin with medium purity of 50% to 95% is most commonly used in the manufacturing of health products. 50% to 95% purity forskolin undergoes various processes after its extraction from plant roots. Forskolin is also known to have skin health-promoting features. Thus, medium purity forskolin is also used in the production of skincare and cosmetic products.
What is the Prime Application Area of Forskolin?
“Nutritional and Herbal Forskolin Widely Used in Production of Dietary Supplements”
| Attribute | Dietary Supplements |
|---|---|
| Segment Value (2024E) | US$ 226 Million |
| Growth Rate (2024 to 2034) | 8.6% CAGR |
| Projected Value (2034F) | US$ 515 Million |
Owing to its nutritional content, forskolin is highly used in the production of dietary supplements. Forskolin is effective in promoting metabolic activities and is widely marketed as a weight management dietary supplement. The growing preference of consumers for natural and organic supplements coupled with the increasing trend of clean eating habits is uplifting the forskolin market growth. ‘No to Synthetic Compound’ is anticipated to promote the use of forskolin as an active ingredient in dietary supplements.
Competitive Landscape
Key players in the forskolin industry are continuously investing in research and development activities to introduce innovative solutions and earn high profits. They are also employing collaboration and regional expansion tactics to reach a wider consumer base.
- Nutra Green Biotechnology Co., Ltd., one of the leading manufacturers of forskolin products, offers Coleus Forskohlii root extract powder that is supposedly effective in weight loss, antihypertension, and antiglaucoma treatments.
Fact.MR provides detailed information about the price points of key producers of forskolin positioned across the world, sales growth, production capacity, and speculative technological expansion in the recently published forskolin market report.
Key Segments of Forskolin Market Research
-
By Purity :
- Low (<50%)
- Medium (50 to 95%)
- High (>95%)
-
By Application :
- Food & Beverages
- Cosmetics
- Pharmaceuticals
- Dietary Supplements
- Others
-
By Distribution Channel :
- Online
- Supermarkets/Hypermarkets
- Health & Wellness Stores
- Others
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
- FAQs -
How big is the forskolin market size in 2024?
The global forskolin market is estimated at US$ 584 million in 2024.
What is the projected valuation of the forskolin market for 2034?
The market for forskolin is forecasted to reach a value of US$ 1.32 billion by 2034.
What is the estimated growth rate for the global market?
Demand for forskolin is calculated to rise at a CAGR of 8.5% from 2024 to 2034.
Which region is anticipated to hold a leading market share?
North America is expected to capture 25.1% of the global market share in 2024.
What is the demand outlook for forskolin in South Korea?
Sales of forskolin in South Korea are forecasted to reach US$ 66.6 million by 2034.
Which purity type is widely preferred for forskolin?
Demand for low-purity forskolin is foreseen to rise at a CAGR of 8.8% through 2034.
Who are the leading producers of forskolin?
Top companies include Nutra Green Biotechnology Co., Ltd., Sabinsa Corporation, Wolfson Berg Limited, and Varion Lifesciences Pvt. Ltd.
What is the main use of forskolin?
Forskolin has a long history in the treatment of asthma.
What is the brand name of forskolin?
Forskolin is available under the brand names coleus forskohlii, maohouqiaoruihua, colforsin, makandi, and pashanabhedi.
What is the Indian name of forskolin?
The Indian name of forskolin is pashanabhedi.
Is forskolin good for diabetes?
Forskolin is proven to be effective for diabetic patients as it increases the level of cAMP in cells leading to insulin growth.
Forskolin Market