Global Ginkgo Biloba Extract Market By Type, By Application (Tablets, Capsules, and Liquid extracts), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023–2033

Ginkgo Biloba Extract has been widely used in industries such as food, cosmetics, and health care products. Ginkgo Biloba extract can also be used in anti-aging creams. Ginkgo Biloba extract has been widely used to treat Lyme and Alzheimer’s diseases. Ginkgo Biloba extract is used to treat a variety of disorders in the central nervous system. It also helps slow down the aging process. Ginkgo Biloba is a great health supplement. The increased awareness of Ginkgo Biloba extract will also increase the market for Ginkgo Biloba.

The leaves of the Ginkgo biloba tree are used to make ginkgo biloba extract. It has been examined for a number of potential health advantages and has been utilized in traditional Chinese medicine for thousands of years. Some people use it as a dietary supplement to treat ailments like anxiety, tinnitus, and age-related memory loss (ringing in the ears).

The global ginkgo biloba extract market is projected to be USD 1,602.3 Mn in 2023 to reach USD 2,432.3 Mn by 2033 at a CAGR of 5.3%.

Additionally, ginkgo health supplements need to be used under the supervision of a medical practitioner because they can mix with other medications and lead to allergic reactions.

Ginkgo Biloba Extract has been widely used in industries such as food, cosmetics, and health care products. Ginkgo Biloba extract can be used in anti-aging creams. Ginkgo Biloba extract has been widely used to treat Lyme and Alzheimer’s diseases. Ginkgo Biloba extract can be used for several disorders of the central nervous system. It also helps slow down aging. Ginkgo Biloba is a great health supplement. The increased awareness of Ginkgo Biloba extract will also increase the market for Ginkgo Biloba.

Market.us announces the publication of its most recently generated research report titled, “Global Ginkgo Biloba Extract Market by Form (Tablets, Capsules, Liquid Extracts, Others), By Application (Food and Beverages, Cosmetics, Pharmaceuticals), and by Region – Global Forecast to 2033.”, which offers a holistic view of the global Ginkgo Biloba Extract market through systematic segmentation that covers every aspect of the target market.

The global ginkgo biloba extract market is projected to be USD 1,602.3 Mn in 2023 to reach USD 2,432.3 Mn by 2033 at a CAGR of 5.3%.

Ginkgo is the common name of Ginkgo biloba and it comes under the family of Ginkgoaceae. It is the only living class in the division Ginkgophyta. Ginkgo is usually found in the native parts of Asia which include China, Korea, and Japan. It’s also been cultivated in the United States as well as in Europe. For many years, it’s been used as a source of food as well as traditional medicine. The extract of Ginkgo biloba is promoted as a dietary supplement. Ginkgo Biloba Extract is often used for disorders like Alzheimer’s disease, etc. Ginkgo Biloba Extract is also very beneficial to tackle disorders like depression and Lyme disease. The extract of Ginkgo biloba leaf is recognized as EGb 761. Ginkgo Biloba Extract comprises 5-7% terpene lactones and 22-27% of flavonoid glycosides. Research has shown that EGb 761 is capable of preventing the spread of human cancer cells.

Increasing use of cosmetics – growing awareness about anti-aging products among the population is increasing demand for anti-aging products across the globe, which is expected to boost the growth of the target market. Furthermore, ginkgo Biloba treats asthma, bronchitis, central nervous system disorders, etc. this factor is also expected to drive the target market growth.

Global Ginkgo Biloba Extract Market Revenue (US$ Mn), 2018–2028

However, the low availability of raw materials due to the reduction of Ginkgo biloba trees is caused by overcutting of these trees. The proliferation of artificial or synthetic cosmetic products in the market is also expected to challenge the growth of the global Ginkgo biloba extract market to a certain extent. Nonetheless, emerging applications of ginkgo Biloba extract for the treatment of cancer contributed to its properties such as the capability of obstructing the propagation of human cancer cells, and Alzheimer’s disease is expected to provide lucrative opportunities for key players in the market to increase their penetration and market share.

The global ginkgo Biloba extract market is segmented on the basis of form, application, and region. On the basis of form, the market is segmented into tablets, capsules, liquid extracts, and others. The capsules segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by the tablet segment. On the basis of application, the market is segmented into food and beverages, cosmetics, and pharmaceuticals. The pharmaceuticals segment accounts for a majority share in the global ginkgo Biloba extract market.

Global Ginkgo Biloba Extract Market by Formulation, 2018

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and Middle East Africa. APAC accounts for the majority share in the global ginkgo Biloba extract market, owing to increasing spending on pharmaceuticals R&D. APAC is expected to register the highest growth rate over the forecast period. Regions such as Europe, South America, and MEA are expected to register stable growth over the forecast period.

The research report on the global ginkgo Biloba extract market includes profiles of some of the major companies such as Thermo Fisher Scientific Inc., Danaher Corporation, Waters Corporation, Bruker Corporation, Shimadzu Corporation, JEOL Ltd., and Analytik Jena AG.

Key Market Segments:

Type

• Tablets
• Capsules
• Liquid Extracts

Application

• Food and Beverages
• Cosmetics
• Pharmaceuticals

Key Market Players included in the report:

• Thermo Fisher Scientific Inc.
• Danaher Corporation
• Waters Corporation
• Bruker Corporation
• Shimadzu Corporation
• JEOL Ltd. and Analytik Jena AG

For the Ginkgo Biloba Extract Market research study, the following years have been considered to estimate the market size: