Ginkgo Biloba Extract Market Growth, Size, Share, Trends, and Forecast 2032

According to the report published by Zion Market Research, the global Ginkgo Biloba Extract Market size was valued at USD 1,727.70 Million in 2023 and is predicted to reach USD 2,518.90 Million by the end of 2032. The market is expected to grow with a CAGR of 4.40% during the forecast period. The report analyzes the global Ginkgo Biloba Extract Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Ginkgo Biloba Extract Market industry.

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Global Ginkgo Biloba Extract Market: Overview

The common name of the ginkgo biloba is ginkgo and it comes under the family of Ginkgoaceae. Mostly, the ginkgo is found in the countries of Asia region such as Korea, China, and Japan. It is now been grown in the countries of the European region and in the U.S. The ginkgo biloba extract is being used as a dietary supplement. The ginkgo biloba extract is used for the treatment of several diseases, which includes the people those who are having memory disorders such as the Alzheimer's disease.

Global Ginkgo Biloba Extract Market: Segmentation

The global market for the ginkgo biloba extract is fragmented into its application and type.

Based on the application, the global market is segregated into cosmetics, food and pharmaceuticals. Among the application segments, the food segment is contributing a major market share and the research on the ginkgo biloba extract is also influencing the pharmaceutical sector.

Based on the type, the market is categorized into the capsule, tablet and liquid form. The popular form of the ginkgo biloba extract is the tablet form.

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Global Ginkgo Biloba Extract Market: Growth Factors

The major factor that is driving the ginkgo biloba market is the increasing demand for the anti-ageing cream. The extract of ginkgo biloba is a good source of flavonoid. The other additional characteristics that the ginkgo biloba extract consists of is anti-influenza property, anti-neoplastic property, scent property, anti-inflammatory property, antioxidant property, anti-bacterial property, and also helps in reducing the Raynaud’s syndrome. Owing to these benefits the demand for the extract increases thus contributing to the market growth.

Other benefits of the ginkgo biloba extract are it helps in treating the disorders of the central nervous system, slow down the process of aging, and helps in treating bronchitis and asthma. It is due to these beneficial properties that the ginkgo biloba extract is in high demand in the pharmaceutical sector thus driving the global growth of the market. The increasing awareness among the consumers about the health benefits of the ginkgo biloba extract also contributes to the market growth.

Ginkgo Biloba Extract Market : Report Scope

Global Ginkgo Biloba Extract Market: Regional Analysis

According to the regional study, the global market for the ginkgo biloba extract is diversified into North America, Western Europe, Asia Pacific, the Middle East and Africa, Eastern Europe, and Latin America. The region that is dominating the ginkgo biloba extract market is Asia Pacific. The factor owing to which the region is dominating the global market is that this region is the largest consumer and producer of the ginkgo biloba extract. The developing countries Korea and China are producing the major revenue from this market. The other regions such as Europe and the North America are also contributing a good share in the global ginkgo biloba market.

Global Ginkgo Biloba Extract Market: Competitive Players

The key market players that are involved in the ginkgo biloba extract market include:

• Wagott
• Schwabe
• Solgar
• Nature’s Bounty
• Good 'N Natural
• 21st Century
• Conba
• Sundown Naturals
• Nature Made
• Jarrow Formula
• Blackmores
• Solaray, and others.

The Global Ginkgo Biloba Extract Market is segmented as follows:

By Application 

• cosmetics 
• food
• pharmaceuticals

By Type 

• capsule
• tablet
• liquid form

Global Ginkgo Biloba Extract Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.