Global Forskolin Market 2022-2030 Analysis by Purity (Low, Medium, High) and Application (Food & Beverages, Cosmetics, Pharmaceuticals)

DUBLIN, May 12, 2022–(BUSINESS WIRE)–The “Analysis Report of Forskolin Market Size, Share, and Trends by Purity (Low, Medium, High), by Application (Food & Beverages, Cosmetics, Pharmaceuticals), by Region (Europe, Asia- Pacific) and segment forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.

The global forskolin market size is expected to reach USD 966.22 million by 2030, registering a CAGR of 8.7%

The growth is mainly driven by the increasing demand from the pharmaceutical industry due to its high medical value. 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.

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 parts of Asia. The constant research and development activities carried out by the main players in the market 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.

Highlights of the Forskolin Market Report

  • Low purity segment is estimated to register the fastest CAGR from 2022 to 2030 due to wide application scope of 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 heavy investment 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 advances 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

  • Major market players are focusing more on production technologies to gain maximum profit against minimum consumption of resources

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Forskolin Market: Purity Estimates and Trend Analysis

Chapter 4 Forskolin Market: Application Estimates and Trend Analysis

Chapter 5 Forskolin Market: Regional Estimates and Trend Analysis

Chapter 6 Forskolin Market: Competitive Landscape

Chapter 7. Business Profiles

  • 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

For more information on this report, visit https://www.researchandmarkets.com/r/to6670

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220512005654/en/

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