Coleus forskohlii is a popular traditional medicine for treating various diseases and disorders. Forskolin is extracted from the roots of the Coleus forskohlii. As an herbal compound, forskolin is used to treat various health complications, such as obesity, respiratory disorders, insomnia, and digestive disorders. Coleus forskohlii extract is an extract useful for pharmaceutical preparations and research in cell biology.
Turmeric, also known as Curcuma longa, is a type of spice widely cultivated in southern Asia. It is a key source of curcumin, volatile oil, and curcuminoids. It possesses several medicinal features as well as anti-inflammatory, antioxidant, and anti-tumor characteristics.
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At present, an increased intake of energy-dense foods that are high in fat & sugar, growing number of lifestyle diseases, and increasing urbanization are some of the major factors escalating obesity levels across the globe. Increasing weight and health problems are directly linked to poor nutritional choices. Growing health complications among children and adults have shifted the preference of consumers to pay more attention to the ingredients used in food products and supplements, not only for sugar and calories but also for types of ingredients used, such as colors, flavors, sweeteners, and other ingredients.
Forskolin promotes favorable body composition by significantly decreasing body fat and fat mass and increasing bone mass. Oral ingestion of forskolin (250 mg of 10% forskolin extract twice a day) favorably alter body composition while concurrently increasing bone mass and serum-free testosterone levels in overweight and obese people. Forskolin is a possible therapeutic agent for the management and treatment of obesity. This extract helps in the promotion of appetite fullness, thus, facilitating weight loss. Therefore, owing to the changes in consumer preferences seeking healthier and natural products, the demand for coleus forskolin is expected to accelerate in the coming years. According to the latest publication on the Coleus and Turmeric Market by Meticulous Research®, thecoleus and turmeric market is expected to reach $6.9 billion by 2027, at a CAGR of 7.4% during the forecast period.
Scope of the Report
Coleus and Turmeric Market, by Product
- Coleus Forskohlii Extract
- Turmeric Powder
- Turmeric Extract (Curcumin)
- Branded Turmeric
Coleus and Turmeric Market, by Application
- Food and Beverages
- Pharmaceutical and Health Supplements
- Other Applications
Coleus and Turmeric Market, by Geography
- North America
- RoE (Rest of Europe)
- RoAPAC (Rest of Asia-Pacific)
- Latin America
- Middle East & Africa
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The growth of this market is mainly attributed to the increasing demand for coleus forskolin in the sports nutrition industry, expanding consumption of weight loss supplements, consumer demand for natural products, and the growing Ayurveda sector. Moreover, increasing government initiatives and growing focus on curcumin research and development are expected to create lucrative opportunities for manufacturers in the market. However, health complications associated with excess intake and the adverse effects of climate change are expected to hinder market growth to some extent.
To provide efficient analysis, Meticulous Research® has segmented this market based on product, application, and geography. The coleus and turmeric market is mainly segmented by product (coleus forskohlii extract, turmeric powder, turmeric extract (curcumin), and branded turmeric), application (food and beverages, pharmaceutical and health supplements, cosmetics, other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Geographically, Asia-Pacific commanded the largest share of the coleus and turmeric market in 2020, followed by the Middle East & Africa, Europe, North America, and Latin America. However, the market in North America is expected to register the highest CAGR during the forecast period mainly due to the rising demand for food & nutritional supplements, rising prevalence of chronic diseases, increasing health awareness, rising number of product launches, and the expanding Ayurveda industry. Moreover, the presence of numerous premium cosmetic brands and growing consumer inclination towards organic components, such as coleus and turmeric, further support the growth of this market.
Based on product, the coleus and turmeric market is mainly segmented into coleus forskohlii extract, turmeric powder, turmeric extract (curcumin), and branded turmeric. In 2020, the turmeric powder segment registered the largest share of the market. However, the coleus forskohlii extract segment is expected to register the highest growth during the forecast period, primarily due to the rising trend of plant-based cosmetic products, growing consumer awareness regarding personal health & wellbeing, and huge demand from the healthcare and pharmaceutical industry.
The pharmaceutical and health supplements segment commanded the largest share of the overall turmeric extract (curcumin) market in 2020 due to the growing demand for ayurvedic and herbal medicinal formulations. However, the food and beverages segment is expected to register the highest growth during the forecast period, primarily due to increasing health consciousness among the consumer and growing demand for natural food coloring additives.
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Moreover, based on application, the coleus forskohlii extract market is mainly segmented into pharmaceutical & health supplements and other applications. In 2020, the pharmaceutical and health supplements segment commanded the largest share of the overall coleus forskohlii extract market, owing to growing health consciousness and high health benefits of coleus forskohlii extract in the healthcare and pharmaceutical industry.
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The key players operating in the coleus and turmeric market are Wacker Chemie AG (Germany), Ambe Phytoextracts Pvt Ltd. (India), OmniActive Health Technologies Limited (India), Natural Remedies (India), Herbochem (India), Inventia Healthcare Limited (India), Sabinsa Corporation (U.S.), Star Hi Herbs Pvt Ltd. (India), Arjuna Natural Pvt Ltd. (India), Plant Lipids Private Limited (India), Pharmavit (Netherlands), Indena S.p.A. (Italy), Olive Lifesciences Pvt Ltd (India), Alchem International Pvt. Ltd. (India), and Sanat Products Ltd. (India).
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