Forskolin Market to Reach $966.22 Million by 2030: Grand View Research, Inc.

SAN FRANCISCO, April 5, 2022 /PRNewswire/ — The Global forskolin market the size should reach $966.22 million by 2030, registering a CAGR of 8.7% over the forecast period, according to the new report from Grand View Research, Inc. The growth is mainly driven by the growing demand from the pharmaceutical industry owing to its medical value high. The market is expected to grow owing to the inclination of end-users towards synthetically-processed ingredients over naturally-derived ingredients. Forskolin has a wide range of applications in various industries, such as food and beverages, pharmaceuticals, and cosmetics, among others. It has been used as traditional medicine in the field of “Ayurveda” since ancient times, for the treatment of heart, abdominal and respiratory diseases, among others.

Main information and conclusions of the report:

  • The low purity segment is estimated to register the fastest CAGR from 2022 to 2030 owing to the wide application scope of the low purity product in various dietary supplements, which have higher demand globally.
  • The pharmaceutical applications segment is expected to account for the fastest CAGR from 2022 to 2030 owing to an increase in the global consumption of pharmaceuticals and healthcare products.
  • Asia Pacific is expected to be the fastest growing regional market over the forecast period owing to the ever-increasing demand and easy product availability in this region.
  • Moreover, the major players in the market are based in APAC and constantly strive to provide a diverse range of products through high investments in their R&D. An increase in the demand for clean, herbal products, especially in the cosmetics industry, has paved the way for the use of Forskolin in many end-use sectors.
  • Due to rapid advancements in technology, many companies are focusing on the sustainable development of Forskolin with high-speed innovations in synthetic biology.
  • Production from various other raw materials, which after testing may prove to be more beneficial to the human body, is carried out efficiently.
  • The major players in the market are focusing more on production technologies to gain maximum profit against minimum consumption of resources.

Read the 100-page market research report, “Forskolin Market Size, Share, and Trends Analysis Report by Purity (Low, Medium, High), by Application (Food & Beverages, Cosmetics, Pharmaceuticals), by Region (Europe, Asia Pacific), and sector forecasts, 2022 – 2030“, published by Grand View Research.

Forskolin Market Growth and Trends

Forskolin comes from the roots and stem of a plant named Coleus barbatus. This plant is from the mint family and can be found in some areas of Asia. The constant research and development activities carried out by the main market players have proven its great ease of use as well as its advantages. During the COVID-19 pandemic, the pharmaceutical and healthcare industries rose to prominence, thereafter the demand for these products eventually increased. Rising awareness among the growing population will also support the growth of this market. Materials widely used in the production of healthcare products and medicines are experiencing high demand in the market.

Forskolin Market Segmentation

Grand View Research has segmented the global forskolin market based on purity, application, and region:

Forskolin Purity Outlook (Volume, Tons; Revenue, USD ‘000, 2018 – 2030)

  • Low (10-50%)
  • Medium (50-95%)
  • High (>95%)

Forskolin Application Outlook (Volume, Tons; Revenue, USD ‘000, 2018 – 2030)

  • Food and drinks
  • Beauty products
  • Medications
  • Food supplements
  • Others

Forskolin Regional Outlook (Volume, Tons; Revenue, USD ‘000, 2018 – 2030)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

List of Forskolin Market Key Players

  • Alchem ​​International Ltd.
  • Nutra Green Biotechnology
  • Shaanxi Jiahe Phytochem
  • Glentham Life Sciences
  • Box of flavors
  • Cymbio Pharma Pvt. ltd.
  • Alpspure Lifesciences Pvt. ltd.
  • Bioprex Laboratories

Check out other related studies published by Grand View Research:

  • Asthma Therapy Market The increasing prevalence of asthma coupled with the adoption of biologics as a long-term treatment option to treat the severe form of asthma is expected to provide this market with lucrative growth opportunities.
  • breath analyzer market The global breath analyzer market size is expected to reach $11.3 billion by 2024, according to Grand View Research, Inc. The market is expected to grow at a CAGR of 28.8% during the forecast period. The growing demand for breath analyzers from law enforcement and other institutions such as schools, sports and offices to minimize alcohol abuse is a major market driver.
  • weight loss supplements market The Global Weight Loss Supplements Market Size is Expected to Reach $116.6 billion by 2028, registering a CAGR of 16.6% over the forecast period, according to a new report from Grand View Research, Inc. Rising cases of obesity worldwide, coupled with growing consumer awareness of adopting a healthier and fitter lifestyle will drive the market.

Browse Grand View Research results Food additives and nutricosmetics industry Research reports.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

Contact:

Sherry James
Corporate Sales Specialist, UNITED STATES
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
E-mail: [email protected]
The Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow us: LinkedIn | Twitter

Quote Show original content:https://www.prnewswire.com/news-releases/forskolin-market-to-be-worth-966-22-million-by-2030-grand-view-research-inc-301517727.html

SOURCEGrand View Research, Inc.