The rising demand for anti-aging cream is projected to propel the worldwide 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. The global ginkgo biloba extract market is likely to surpass USD 15.26 billion, and it is predicted to grow at a CAGR of 9.2% over the forecast period, 2021-2028.
As a result of these advantages, demand for the extract rises, contributing to market expansion. Other advantages of ginkgo biloba extract include its ability to cure central nervous system problems, delay the aging process, and treat bronchitis and asthma. Because of these therapeutic characteristics, ginkgo biloba extract is in great demand in the pharmaceutical industry, fueling worldwide market growth.
Ginkgo biloba extract also aids in the treatment of central nervous system problems, the treatment of asthma and bronchitis, and the slowing of the aging process. These flexible features of ginkgo Biloba extract are gaining a lot of attention from the pharmaceutical industry and will undoubtedly push the ginkgo biloba extract market to a higher extent. Ginkgo biloba belongs to the Ginkgoaceae family.
It is the sole remaining species in the Ginkgophyta division. Ginkgo biloba is a native Asian plant found in Korea, Japan, and China. In recent times It is also being cultivated in the United States and Europe as well. It has been utilized as a food source and a folk remedy for many years. As a dietary supplement, ginkgo biloba extract is available. ginkgo biloba extract is widely used to treat memory disorders such as Alzheimer's.
A market study from Adroit Market Report provides a comprehensive analysis of market dynamics from 2018 to 2028, including important information on growth drivers, restraints, opportunities, and barriers. The market has been identified to have growth potential for the historic years 2018 to 2020, using 2020 as a base year, as well as for the forecast years 2021 to 2028, which contain market assessments and future prospects. The research study includes the major market drivers and constraints, as well as their influence throughout the projection period. Similarly, according to the regional market research report, the analysis of market potential is included.
Based on the type segment, ginkgo biloba extract is available in a number of types, the most popular of which being capsule form. Ginkgo biloba has unique properties that provide a number of health benefits, including anti-cancer and antioxidant properties, as well as the ability to manage excessive blood pressure.
In terms of end-use segment, food application is expected to rise considerably in the next years, and current research in ginkgo biloba extract will push pharmaceutical category growth even further. The growing demand for ginkgo Biloba extract stems from the benefits it offers as well as the convenience with which it is available on the market.
The global expansion of the nutraceutical and pharmaceutical sectors is expected to boost the global ginkgo biloba extract market. The Asia-Pacific area, as well as the Middle East and Africa, are expected to be the primary regions for Ginkgo Biloba Extract production and consumption.
Some of the prominent players functioning in this 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 examines significant competitors in depth using strategic analysis, price analysis, micro, and macro market trend and scenario analysis, and a comprehensive evaluation of market conditions for the projected period. It is a thorough investigation that focuses on major and secondary drivers, leading segments, market share, and geographical analysis. The research also looks at key players, mergers and acquisitions, large alliances, as well as trending innovation and corporate strategies.
Key Segments of the Global Ginkgo Biloba Extract Market
Type Overview, 2018-2028 (USD Billion)
- Capsule
- Tablet
- Liquid
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
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- Hypermarket/supermarket
- Specialty stores
- Medical stores
- Online retail
- Convenience store
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Regional Overview, 2018-2028 (USD Billion)
North America
- U.S.
- Canada
Europe
- France
- UK
- Germany
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
South America
- Brazil
- Mexico
- Rest of South America
Middle East and Africa