The global ginkgo biloba extract market is anticipated to reach around USD 2,579.2 million by 2034, growing at a steady compound annual growth rate (CAGR) of 4.1% from 2024 to 2034. By the end of 2024, the market is projected to attain a valuation of USD 1,719.1 million.
Ginkgo biloba extract is used in various sectors including pharmaceuticals, cosmetics, functional foods and beverages, and nutritional supplements, which drives market growth and improves product accessibility. In particular, the Asia Pacific region, where traditional herbal medicine is deeply rooted in culture, is seeing increased demand for ginkgo biloba due to growing awareness of its health benefits in emerging economies.
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The growing demand for ginkgo biloba extracts is largely attributed to heightened concerns about Alzheimer’s disease and other age-related cognitive impairments amid an aging global population. This extract is frequently sought for its potential benefits in supporting memory and cognitive function in older adults. Ongoing research also investigates its effects on circulation and eye health, further enhancing its reputation as a valuable dietary supplement.
As ginkgo biloba products gain popularity, there is a heightened emphasis on quality control and standardization to guarantee safety, potency, and purity. Efforts are being made to develop standardized extraction methods and quality assurance protocols. Meanwhile, the rise of e-commerce platforms is simplifying global distribution, making it easier for consumers to purchase these supplements online. This trend allows retailers and manufacturers to reach a wider audience across the globe.
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.
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.
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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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