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Forskolin refers to natural supplement obtained from the root of a Coleus forskohlii plant. Forskolin extract, herb of the mint species, is of high medicinal value. It is mostly found in countries of South East Asia, Thailand, and mostly India. Forskolin plant is essentially utilized for treating intestinal disorders and several cardio vascular diseases. It is herbal remedy for diseases such as asthma, high blood pressure, and chest pain. It is also effective in treating insomnia. It is an effective remedy against allergies and other skin related problems. It also controls appetite and boost energy levels. Forskolin extract is also capable in reducing excess fat from the body. It stimulates the thyroid hormone of the body, thereby increase metabolism which in turn help in reducing weight. These high health benefits are expected to contribute significantly in raising the consumption levels of forskolin extracts during the forecast period.

Market Dynamics of Forskolin Extracts:

Forskolin extract market is expected to grow rapidly owing to its high medicinal characteristics. The growing trend towards signifying traditional herbal remedies as an alternatives to the modern medicine is expected to bring strong growth opportunities for forskolin extracts. Rapid urbanization has brought significant changes to the lifestyle and dietary habits of consumers, hence elevated the need for forskolin extracts to support healthy life style. With people becoming more health conscious and giving high preference to herbal remedies, demand for forskolin extracts is expected to rise. In order to leverage the growing trend of natural and herbal extracts, companies are keen to enhance the functional profile of forskolin extract. Hence, players in the forskolin extract market are developing ingredients with high health and wellness functionality.

Market Segmentation of Forskolin Extracts:

Forskolin extract market is segmented on the basis of application and geography. Based upon application, forskolin extract market is segmented into food supplements, nutraceuticals formulations, dietary supplements, and others such as cosmeceuticals. Dietary supplements is expected to attain relatively higher revenue share in the forskolin extract market. Higher revenue share of dietary supplements can be attributed to the increasing consumption of dietary supplements by consumers in order to stay healthy and fit.  Pharmaceutical segment is expected to grow at relatively high CAGR during the forecast period. High growth of pharmaceutical segment can be attributed to its increased contribution of forskolin extract in effectively treating cardiovascular diseases, skin related diseases, and many others.

Regional Outlook of Forskolin Extracts:

Based on geography, forskolin extract market is segmented into seven different regions namely Asia-Pacific, Middle East and Africa, Latin America, Western Europe, Eastern Europe, North America, and Japan. Western Europe region is expected to attain relatively higher revenue share in the global forskolin extract market. Higher revenue share of the region can be attributed to the rising health consciousness coupled with the increasing awareness regarding the health benefits of forskolin extract in the region. Asia Pacific region represented high growth potential for the forskolin extract market owing to the wide availability of forskolin extract in the region. Emerging economies such as China and India are expected to contribute significantly in the high growth of Asia Pacific forskolin extract market.

Key Market Players in Forskolin Extracts:

Some of the key players in the forskolin extract market include Alchem International Ltd, Flavour trove., Bayir Extracts, Cymbio Pharma Pvt. Ltd., Sabinsa Corporation, and Alexa Biotech Pvt. Ltd. among others. Forskolin extract market is of fragmented nature with large number of organized and unorganized players are keen to strengthen their position in the market. Leading manufacturers in the forskolin extract market are keen to expand their product portfolio to strength their position in the market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Forskolin Extracts Market

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