The global market for ginkgo biloba extract is projected to reach approximately USD 2,579.2 million by 2034, with a steady CAGR of 4.1% expected from 2024 to 2034. By the conclusion of 2024, the market for ginkgo biloba extracts is forecasted to achieve a total valuation of USD 1,719.1 million.
Ginkgo biloba extract finds application across medications, cosmetics, functional foods & beverages, and nutritional supplements, facilitating market growth and enhancing product accessibility. Particularly in Asia Pacific, where traditional herbal medicine holds significant cultural influence, rising awareness of ginkgo biloba’s health benefits is boosting demand in emerging economies.
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The demand for ginkgo biloba extracts is driven by increasing concerns over Alzheimer’s disease and other age-related cognitive impairments as the global population ages. This extract is commonly sought after for its potential benefits in memory and cognitive function support among older adults. Research continues to explore its effects on circulation and eye health, contributing to its reputation as a dietary supplement.
With the growing popularity of ginkgo biloba products, attention is increasingly focused on quality control and standardization to ensure safety, potency, and purity. Efforts are underway to establish standardized extraction and quality assurance protocols. Additionally, the proliferation of e-commerce platforms is streamlining global distribution channels, enabling easier access for consumers to purchase these supplements online. This trend is empowering retailers and manufacturers alike to engage with a broader customer base worldwide.
Key Coverage of Ginkgo Biloba Extract Market Report
- Adjacent Study on Ginkgo Biloba Leaf Extract Market
- Ginkgo Biloba Extract Market Report Scope
- Ginkgo Biloba Standardized Extract Market Size, Current Insights, and Demographic Trends
- North America Ginkgo Leaf Extract Market
- Competitive Analysis of Ginkgo Biloba Leaf Extract Market Technology
- Ginkgo Biloba Health Supplements Trends
- Opportunity Analysis of Ginkgo Biloba Capsules
- Potential of Ginkgo Biloba Leaf Powder in the United States
- Adjacent Study on Maidenhair Tree Extract Market
- Ginkgo Biloba Extract Market SWOT Analysis
Competitive Landscape
Ginkgo biloba extract manufacturers are investing in research and development to increase brand preference and sales. Leading companies in the market are concentrating on expanding their portfolios by launching new products. Key players are directed toward advertisements, partnerships, acquisitions, agreements, and mergers to stay relevant in the market.
For instance
- In 2023, Silab introduced Senevisium, an anti-aging active component made from Ginkgo biloba.
- In 2023, Lucas Meyer Cosmetics acquired Biophamacopae Design International.
- In 2022, Hallstar acquired an ester manufacturing plant owned by Lanxess in Greensboro, North Carolina. Hallstar’s personnel, product line, and manufacturing capacity are expected to grow due to this acquisition.
- In 2021, Alban Muller International acquired Croda. Croda is projected to enhance its standing in the highly competitive natural cosmetic and personal care product industry through this acquisition.
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Key Companies Profiled
- Provital Group
- SILAB Inc.
- Lucas Meyer Cosmetics
- Rahn AG
- Croda International Plc
- Hallstar
- Givaudan
- S.A. Herbal Bioactives LLP
- Indena S.p.A.
- Hunan NutraMax Inc.
- BIOLANDES Group
- Bio-Botanica Inc.
Ginkgo Biloba Extract Market Segmentation by Category
By Form:
- Powder
- Liquid
- Dried Leaves/ Tea
By End-use Application:
- Dietary Supplements
- Tablets
- Capsules
- Liquid
- Others (Softgels and Gummies)
- Cosmetics & Personal Care Industry
- Skin Care
- Hair Care
- Bath & Beauty
- Cosmetics
- Lip Care
- Herbal Tea/Functional Tea
By Functionality:
- Supplement Grade
- Reduces Anxiety
- Heart Health
- Improves Brain Function
- General Well Being
- Support Vision & Eye Health
- Treat Headaches & Migraines
- Improve Asthma and COPD
- Reduces PMS Symptoms, Treats & Sexual Dysfunction
- Personal Care & Cosmetic Grade
- Anti-aging
- Anti-oxidant
- Moisturizing
- Hair Color Protection
- Skin Hydration
- Soothing
By Product Claim:
- Organic
- Conventional
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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