Ginkgo Biloba Extract Market By Type (Capsule, Tablet, and Liquid form), By Application (Tablets, Capsules, and Liquid extracts), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI223719 | Publish Date: December 2023 | No. of Pages: 175

Global Ginkgo Biloba Extract Market Overview

Ginkgo Biloba Extract Market was valued at USD 1.4 Billion in 2024 and is projected to grow at a CAGR of 4.5 % to reach USD 2.2 Billion by 2034

Ginkgo Biloba, a  member of Ginkgoaceae family. Extract is derived from leaves of Ginkgo Biloba tree, an oldest tree species on earth. The extracts is known for its various health benefits, presence of active compounds such as flavonoids and terpenoids having antioxidant and anti-inflammatory properties. They are also used as a good food source for various nutrients.

Global Ginkgo Biloba Extract Market Drivers & Restraints

Drivers

Restrains

Rising Demands for Natural and Herbal Products

Availability of Substitutes

Increase Use in Pharmaceutical Industries

Regulatory Complexities

Rising Aging Population

Limitations of the Supplement

Awareness Regarding Natural Alternatives

 

Global Ginkgo Biloba Extract Market Segmentations & Regional Insights

Dividing this target market into segments:

Ginkgo Biloba Extract Market is segmented based on Type, Application and Region.

Type Insight

On the basis of Type, the target market is segmented into Capsule, Tablet, and Liquid form.

Application Insight

On the basis of Application, the target market is segmented into Tablets, Capsules, and Liquid extracts.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to increase investment, increasing prevalence of chronic diseases such as Alzheimer’s, as these extracts help in proper memory functioning, increasing aging population and their desire to retain health.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to rising health awareness regarding natural products, industrial distributors, and customers growing knowledge of health benefits of Ginkgo Biloba Extract.

Report Scope:

Attribute

Details

Base year for estimation

2024

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Type – Capsule, Tablet, and Liquid form

By Application - Tablets, Capsules, and Liquid extracts

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Few Other Promising Reports:

Global Ginkgo Biloba Extract Market Competitive Landscape & Key Players

The key players operating the Ginkgo Biloba Extract Market includes, Thermo Fisher Scientific Inc., Danaher Corporation, Waters Corporation, Bruker Corporation, Shimadzu Corporation, JEOL Ltd., Analytik Jena AG., Nature’s Bounty , Jarrow Formula, and Good 'N Natural

Global Ginkgo Biloba Extract Market Company Profile

The New Launched Product News,

  • In February 2023, Silab designed a new patented natural anti-ageing active ingredient obtained from Ginkgo Biloba, Senevisium to fight the consequences of senescence, a central factor of ageing. It acts transversally on the dermis and the epidermis for an anti-wrinkle action and a rapid radiance-boosting effect.
  • In April 2023, Wellchem Pharmaceuticals, a Singapore based firm launched a day and night dual set supplements for sleep and energy known as Miriqa Deep Sleep and Bright Days promoting relaxation, deeper sleep, increased productivity, and focuses on improving memory and focus during day. Bright day supplement contains Ginkgo Biloba Extract along with other ingredients.

FAQs

The global ginko biloba extract market report segments the market on the basis of type, application, and region.

The major factor that is driving the ginkgo biloba market is the increasing demand for the anti-ageing cream.

Asia Pacific is expected to dominate the global ginkgo biloba market.