The global ginkgo biloba extract market revenue is estimated to gain a substantial hike of about USD 15.26 billion with an estimated CAGR of 9.2% during the estimated timeline. Global ginkgo biloba extract market is widely utilized in a variety of sectors, including food, cosmetics, and health care goods. Anti-aging creams are also manufactured from ginkgo biloba extract, which is accounted to be the primary driving factor for the global ginkgo biloba extract market. Ginkgo biloba extract is commonly used to treat Alzheimer's and Lyme disease.
It may be concluded that ginkgo biloba extract is utilized to treat a variety of central nervous system diseases and aids in the slowing of the aging process. The global ginkgo biloba extract market offers various health advantages, and growing knowledge of ginkgo biloba extract is expanding the scope for future endeavors in superlative applications across end-use industries.
However, it must be noted that despite ample quick opportunities in the global ginkgo biloba extract market, the market is still short of attaining full growth potential as there are several high-quality substitutes such as Asian and American varieties of Ginseng and Saw Palmetto available. Therefore, the competition to sustain the top-most position is still cut-throat. On the flipside, as the global population is gradually making conscious shifts for naturally sourced health supplements and drugs, global ginkgo biloba extract market is poised to witness several opportunities in the coming times.
Ginkgo biloba extract powder has several applications in areas such as food, pharmaceuticals, cosmetics, and so on. Ginkgo biloba extract, in particular, is used to treat a variety of diseases involving the central nervous system and damaged brain cells. Key stakeholders can raise knowledge about the benefits of utilizing ginkgo biloba extract to secure massive growth potential. One of the most popular products manufactured from ginkgo biloba extract liquid is anti-aging lotion. According to some studies, ginkgo biloba extract may also be used as a medication for COVID-19, therefore the market for ginkgo biloba extract has a lot of room to expand in the after-Covid era as well.
Ginkgo biloba extract is a well-known plant that is utilized in a variety of medicinal applications. Ginkgo biloba, often known as ginkgo, is a member of the Ginkgoaceaeis family. The botanical extract industry is expanding rapidly, allowing ginkgo biloba extract makers to upgrade production outcome and secure their positions in the global competitive landscape. Ginkgo biloba extract is a golden-brown powder obtained from the Ginkgo biloba plant's leaves. The ginkgo tree is native to several Asian countries including China, Korea, and Japan. It is presently grown in countries throughout the United States and Europe.
Ginkgo biloba extract has been used for many years to treat severe conditions such as cognitive disorders, cerebral vascular insufficiency, dementia, intermittent claudication, dizziness, macular degeneration (glaucoma), premenstrual syndrome, memory loss, and SSRI-induced sexual dysfunction.
The major players of the global ginkgo biloba extract market are Wagott, Schwabe, Blackmores, Solgar, Nature’s Bounty, Good 'N Natural, Conba, 21st Century, Nature Made, Jarrow Formula, Sundown Naturals, Hussong, Solaray, Ipsen, Nuokete, Zhongbao, Schwabe, Tokiwa, CONBA Pharmaceutical, Delekang, Wagott, Green-Health Pharmaceutical, Sine Promod Pharmaceutical, and others.
This market research report provides a deep assessment of the top rivals their investment protocols, visionary goals and several strategic initiatives undertaken by these players to fortify their positions in the competitive arena. The report also sheds light into the micro and macro market trends and scenario analysis, price analysis, and a comprehensive review of market circumstances over the forecast period. It is a top-down synopsis of the industry relevant developments comprising crucial and secondary drivers, market share, leading segments, and regional analysis. The study also examines important actors, mergers and acquisitions, big partnerships, as well as trending innovation and corporate policies.
Ginkgo Biloba Extract Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 15.26 billion|
|Growth Rate||CAGR of 9.2% during 2021-2028|
|Segment Covered||Type, Distribution Channel, End Use, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Wagott, Schwabe, Blackmores, Solgar, Nature’s Bounty, Good 'N Natural, Conba, 21st Century, Nature Made, Jarrow Formula, Sundown Naturals, Hussong, Solaray, Ipsen, Nuokete, Zhongbao, Schwabe, Tokiwa, CONBA Pharmaceutical, Delekang, Wagott, Green-Health Pharmaceutical, Sine Promod Pharmaceutical, and others.|
Key Segments of the Global Ginkgo Biloba Extract Market
Type Overview, 2018-2028 (USD Billion)
End-Use Overview, 2018-2028 (USD Billion)
- Food Industry
- Pharmaceuticals Industry
- Beverages Industry
- Cosmetics Industry
Distribution Channel Overview, 2018-2028 (USD Billion)
- Business to Business
- Business to Consumer
- Specialty stores
- Medical stores
- Online retail
- Convenience store
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and Africa
Reasons for the study
- The study contains a wealth of information, complete with stark cues on market dynamics, scenarios, and prospects for the projection period.
- Quantitative, qualitative, volume (Units Million), and value (USD Million) statistics are included in segments and sub-segments.
- The competitive landscape has included a share of important companies, new innovations, and tactics.
What does the report include?
- Geographical analysis highlighting product/service usability across geographical areas as well as underlining the crucial growth steering variables influencing growth trajectory in each region.
- The study includes both developing and developed areas' growth prospects and drivers, as well as obstacles and limitations.
- The report comprises information on new encounters and provides information about the most recent affiliations, affiliations, vendors, purchasers, and merchants in the business area.
Who should buy this report?
- Government agency, regulatory body, policymaker, or corporations interested in investing in global ginkgo biloba extract industry.
- Managers from the global ginkgo biloba extract industry who want to talk about existing and forthcoming global market statistics and trends.
- Strategy managers, government agencies, and researchers seeking market data to direct future operations.
Besides being used as a top-grade dietary supplement, ginkgo biloba extract is used to treat a variety of illnesses, including those associated with memory problems such as Alzheimer's disease and other cognitive challenges. The rising demand for an anti-aging cream is projected to propel the global ginkgo biloba extract market forward. Ginkgo biloba extract is not only high in flavonoid content, but it also has anti-inflammatory, anti-influenza, anti-oxidant, anti-neoplastic, anti-bacterial, and fragrance characteristics, as well as the ability to decrease the effects of Raynaud's syndrome.
It also aids in the treatment of central nervous system problems, the treatment of asthma and bronchitis, besides also slowing down the aging process visibly. These flexible features of ginkgo biloba extract are gaining a lot of attention from the pharmaceutical industry and will undoubtedly push the global ginkgo biloba extract market to a higher extent. Furthermore, the market is being pushed by rising consumer awareness of the health advantages associated with ginkgo biloba extract.
COVID-19 has a negative impact on all sectors across the world. The manufacturing sector has suffered significant losses as a result of shuttered plants. The new coronavirus epidemic has a minor to moderate impact on the worldwide food and beverage sector. Consumers' desire to avoid being infected by the virus drove up sales of nutritious goods. During the epidemic, demand for high-nutrient goods was higher than normal, which boosted sales of gingko biloba.. There has been an increase in the demand for healthy ingredients, which is likely to open up opportunities for global ginkgo biloba extract market players.
In terms of type, ginkgo biloba extract is available in a variety of types, the most common of which being capsule form. Ginkgo biloba contains unique characteristics that give a variety of health advantages, including anti-cancer and antioxidant capabilities, as well as the potential to regulate high blood pressure.
Based on end-use, among all of these segments, food application is projected to increase significantly in the next couple of years, and current research in the global ginkgo biloba extract market will further drive pharmaceutical category growth. The increased demand for ginkgo biloba extract is owing to the benefits it provides as well as the simplicity with which it is available in the market.
The growing nutraceutical and pharmaceutical industries throughout the world are projected to benefit the growth of the global ginkgo biloba extract market. The Asia Pacific region, as well as the Middle East and Africa, are projected to be the main regions for the production and consumption of ginkgo biloba extract. The primary manufacturers in the Asia Pacific area are Australia and New Zealand, China, India, and the rest of Asia Pacific. Ginkgo Biloba Extract is also produced in the Benelux, Nordics, Russia, and Poland.