Forskolin Market Size, Share, Growth Analysis, By Product Type(Synthetic Forskolin and Natural Forskolin), By Application(Pharmaceuticals, Nutraceuticals, Cosmetics, and Food and Beverage), By Distribution Channel(Online Retailing, Supermarkets/Hypermarkets, Health and Wellness Stores, and Others), By Region - Industry Forecast 2024-2031

Global Forskolin Market size was valued at USD 492.84 million in 2022 and is poised to grow from USD 531.28 million in 2023 to USD 968.89 million by 2031, growing at a CAGR of 7.8% during the forecast period (2024-2031).

Forskolin is believed to work by increasing levels of cyclic AMP, a signaling molecule that regulates various cellular processes, including those involved in metabolism and inflammation. As a result, forskolin supplements are marketed as weight loss aids and as treatments for conditions such as asthma, eczema, and psoriasis. However, more research is needed to fully understand the potential benefits and risks of using forskolin as a dietary supplement or medication. Its effectiveness in Ayurvedic practices has led to its incorporation in allopathic medicine. Different levels of purity of the extract have specific applications, with lower purities used in dietary supplements, medium purities in food and beverages, and higher purities in cosmetic products. As global concerns for health and fitness grow, there is a higher demand for herbal and Ayurvedic products, leading to increased growth in the pharmaceutical and cosmetic markets. Consumers also seek assurances for food quality and security, prompting producers and manufacturers to incorporate traditional herbal materials instead of laboratory-based chemicals in the manufacturing process of medicines, cosmetics, and food and beverages.

Increasing use of forskolin in the treatment of cardiovascular diseases, respiratory disorders, and skin conditions are key factors driving the growth of the market. According to report, in North America, the United States is the dominant market for forskolin, accounting for over 90% of the market share. The market in Canada is relatively small but is expected to grow at a significant rate over the coming years. The growth in the North American market is attributed to the increasing popularity of natural and herbal supplements and the rising prevalence of obesity and related health issues. In APAC, India is the leading market for forskolin, followed by China and Japan. Other countries in the region, such as South Korea, Singapore, and Malaysia, also have growing markets for forskolin. The demand for forskolin in APAC is driven by the region's rich history of traditional medicine and the increasing adoption of natural and herbal remedies in modern healthcare practices. Study published in the Journal of International Society of Sports Nutrition found that forskolin supplementation may help improve body composition and increase testosterone levels in overweight and obese men. Another study published in the Journal of Alternative and Complementary Medicine suggested that forskolin may have potential as a complementary therapy for asthma. While more research is needed to fully understand the potential benefits and risks of forskolin, these studies indicate that it may have promise as a natural remedy for certain health conditions.

US Forskolin Market is poised to grow at a sustainable CAGR for the next forecast year.