DUBLIN--(BUSINESS WIRE )--The "Forskolin Market Size, Share & Trends Analysis Report by Purity (Low, Medium, High), by Application (Food & Beverages, Cosmetics, Pharmaceuticals), by Region (Europe, Asia Pacific), and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global forskolin market size is expected to reach USD 966.22 million by 2030, registering a CAGR of 8.7%
The growth is majorly driven by the rising demand from the pharmaceutical industry owing to its high medical value. The market is expected to grow because of end-users' inclination from synthetically processed to naturally-derived ingredients.
Forskolin has a wide range of application scope across various industries, such as food & beverages, pharmaceuticals, and cosmetics among others. It has been used as a 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 some regions of Asia. Constant research and development activities carried out by major market players have proved its wide usability along with its advantages.
During the COVID-19 pandemic, the pharmaceuticals and healthcare industries gained importance, thereafter, the demand for these products eventually increased. The increasing awareness among the growing population will also support the growth of this market. Materials with immense usage in the production of healthcare and medicinal products witness high demand in the market.
Chapter 3 Forskolin Market: Purity Estimates & Trend Analysis
Chapter 4 Forskolin Market: Application Estimates & Trend Analysis
Chapter 5 Forskolin Market: Regional Estimates & Trend Analysis
Chapter 6 Forskolin Market: Competitive Landscape
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900