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2021
Forskolin Market

Forskolin Market by Concentration (Low Concentration (10%), Medium Concentration (20%-40%), and High Concentration (95%)), Application (Allergy Treatment, Weight Management, Respiratory Problems, Cardiovascular Disorders, Glaucoma, Hypothyroidism, Psoriasis, and Others), End Use (Nutraceuticals, Pharmaceuticals, Dietary Supplements, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13512
Pages: NA
Dec 2021 | 146 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The natural supplement forskolin is derived from the root of the Coleus forskohlii plant. The plant forskolin, which comes from the mint family, has a lot of medical potential. It's typically found in Southeast Asian countries such as Thailand and India. The forskolin plant is mostly used to treat digestive issues as well as a variety of cardiovascular ailments. It is an herbal treatment for asthma, high blood pressure, and chest pain. It can be used to treat insomnia. It is an effective treatment for allergies and other skin issues. It suppresses hunger and increases energy levels. Forskolin extract has been shown to help people lose weight. It increases metabolism, which aids with weight loss, by stimulating the thyroid hormone in the body. These substantial health advantages are likely to contribute significantly to increased use of forskolin extracts during the projected period.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Segments Covered

  Concentration, Application, End Use, and Region

  Companies Covered

Wolfson Berg Limited, Sabinsa Corporation, Nutra Green Biotechnology Co. Ltd., Varion Lifesciences Pvt. Ltd., Bioprex Labs, Alchem International Limited, Flavour trove, Cymbio Pharma Pvt. Ltd., Alexa Biotech Pvt. Ltd., and Bayir Extracts

 

COVID-19 Impact analysis

  • 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.

Top Impacting Factors

  • The forskolin extract industry is predicted to rise rapidly due to its excellent therapeutic properties. Forskolin extracts are likely to see considerable growth as a result of the growth in trend of recognizing traditional herbal therapies as an alternative to contemporary medicine.
  • Consumers' lifestyles and nutritional habits have changed dramatically as a result of rapid urbanization, raising the demand for forskolin extracts to support a healthy lifestyle.
  • The demand for forskolin extracts is predicted to rise as individuals become more health conscious and prefer natural therapies. Companies are eager to improve the functional profile of forskolin extract in order to capitalize on the growth in trend of natural and herbal extracts. As a result, forskolin extract manufacturers have created compounds with great health and wellness benefits.

Market Trends

Forskolin's Market Growth is Bolstered by a Growth in Shift toward Natural Products

The global forskolin market is being propelled forward by increased consumer health awareness and a rise in preference for natural products and plant based products. The substance is in high demand due to the rising prevalence of respiratory diseases, obesity, and cardiovascular ailments in various regions of the world as it has numerous health benefits and therapeutic efficacy.

Increased demand for weight loss or dietary supplements is being driven by an increased focus on grooming and appearance. Consumers choose items made with natural substances since they are less likely to cause unwanted effects. This has a big impact on the product's sales. Furthermore, rise in consumer disposable income and surge in living standards, particularly in emerging economies, have assisted the industry's expansion. Growth in technical advances and new product releases are projected to take the market forward during the forecast period.

Forskolin has Gained Popularity as a Replacement for Xanthan Gum in a Variety of Industries

In 2016, 13% of the global adult population was obese or overweight, according to the World Health Organization. Poor food choices are directly linked to obesity and health problems. Consumers' attention to substances used in supplements and various food products has shifted as a result of a growth in number of people and children with health problems. When ingested, forskolin is believed to help with weight loss by increasing appetite fullness.

The demand for forskolin has rapidly expanded as a result of a shift in customer attitude toward natural and healthier products. Plant-based dietary supplements have become more popular as consumers become more conscious of the components in the items they consume. Xanthan gum has been linked to negative side effects, and its use is restricted by law. As a natural product, Forskolin has replaced the usage of xanthan gum as a food additive.

Key Segments Covered

Concentration

  • Low Concentration (10%)
  • Medium Concentration (20%-40%)
  • High Concentration (95%)

Application

  • Allergy Treatment
  • Weight Management
  • Respiratory Problems
  • Cardiovascular Disorders
  • Glaucoma
  • Hypothyroidism
  • Psoriasis
  • Others

End Use

  • Nutraceuticals
  • Pharmaceuticals
  • Dietary Supplements
  • Others

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the forskolin industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the forskolin market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the growth scenario of the forskolin market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed forskolin market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Forskolin Market Research Report

  • Which are the leading players active in the forskolin market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is forskolin market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the forskolin marke
 
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