Ginkgo Biloba Leaf Extract Market Size, Share, Growth, And Industry Analysis By Type (Tablets, Capsules, and Liquid Extracts) By Application (Nutritonal and Health Supplements, Personal Care Ingredients, and Food & Beverage) and Regional Forecast to 2028

Updated On: 29 April 2024

ginkgo biloba leaf extract market Report Overview

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The global ginkgo biloba leaf extract market size was USD 197.2 million in 2022 and is expected to reach USD 261.2 million by 2028, exhibiting a CAGR of 4.8% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the ginkgo biloba leaf extract market growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to its amazing natural supplement's many health advantages, traditional Chinese medicine has been utilized for generations. I can't wait to offer all the fascinating details about it as it currently enjoys growing popularity worldwide. The leaves of the Ginkgo Biloba tree, one of the oldest surviving tree species in the world, are used to make Ginkgo Biloba Leaf Extract. It is renowned for having a significant amount of flavonoids and terpenoids, two potent antioxidants that aid in defending our cells from damage by free radicals. This extract has several different forms, including capsules, pills, and liquid extracts.

The market offers several varieties of ginkgo biloba leaf extract. Standardized extract has a set quantity of active ingredients and is one common variety. This provides constant quality while making dose determination simpler. A different kind is the full-spectrum extract, which has a wider variety of the active ingredients naturally present in Ginkgo Biloba leaf. Comparing this extract to a standardized extract, further health advantages may be possible. Due to its potential health advantages, such as boosting blood circulation, lowering anxiety and depression, and improving cognitive function, this market is expanding quickly. As people's awareness of the value of natural therapies grows, they are turning to Ginkgo Biloba Leaf Extract as a secure and efficient remedy.

COVID-19 Impact: Growing Need For Numerous Health Benefits Associated With This Powerful Extract Accelerated The Market Growth

It's exciting that the Covid-19 epidemic has had such a big impact on this market! The demand has increased dramatically as people become more health-conscious and search for natural solutions to strengthen their immune systems. Sales in this sector have increased as consumers look for this potent extract's myriad health benefits. It has become a popular supplement because it enhances cognitive function, lowers anxiety, and promotes general well-being. This is an exciting time for this business since the epidemic has only increased the need for all-natural treatments.

Latest Trends

"Focus On Improving Cognitive Function And Memory Enhancement to Boost Market Expansion"

A breakthrough trend is now occurring in this market, which will delight customers and business professionals. The newest craze in Ginkgo Biloba Leaf Extract is revolutionizing the industry and how we think about this amazing natural extract. It has been widely used in traditional medicine for a long time due to its many health advantages and antioxidant capabilities. However, the most recent market fad emphasizes its potential for enhancing memory and cognitive function. It has seen a rise in interest and demand due to this exciting breakthrough, as people become more aware of their mental health.

ginkgo biloba leaf extract market Segmentation

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• By Type Analysis

The ginkgo biloba leaf extract market can be segmented into tablets, capsules, and liquid extracts.

Among these, tablets are projected to experience rapid growth through 2028.

• By Application Analysis

The market can be divided based on application into nutritonal and health supplements, personal care ingredients, and food & beverage.

Nutritonal and health supplements are expected to hold the most ginkgo biloba leaf extract market in the upcoming years.

Driving Factors

"Increasing Awareness About Numerous Health Benefits to Propel Market Expansion"

Demand for ginkgo biloba leaf extract is rising, and several important elements fuel this promising expansion. First, the popularity among customers is fueled by the growing understanding of its many health benefits. People are actively looking for natural solutions to boost their general health as they become increasingly concerned with their well-being. The demand has significantly increased due to the interest in all-natural ingredients.

"Pharmaceutical Industry's Growing Usage For The Development Of New Drugs And Treatments to Fuel Market Growth"

Another significant driving force in the market is the pharmaceutical industry's rising interest in using Ginkgo Biloba Leaf Extract to develop new medications and therapies. The extract is desirable for pharmaceutical companies because it can potentially improve cognition and memory. Its demand has increased due to the research and development efforts studying its therapeutic potential. The market is partly expanding due to the growing elderly population. People frequently have memory-related problems and cognitive impairment as they get older. Elderly people like ginkgo biloba leaf extract, which has demonstrated potential for enhancing cognitive function and memory recall.

Restraining Factor

"Limited Availability Of Raw Materials And Strict Regulations to Hinder Market Growth"

This market is expanding and has a lot of growth potential. Nevertheless, several obstacles must be overcome. The scarcity of raw materials is one of this sector’s biggest problems. Since they are native to China, ginkgo biloba trees are difficult to grow elsewhere. Raw material shortages can increase prices, which can be challenging for producers and consumers. The production of ginkgo biloba leaf extract is also subject to stringent rules and quality assurance procedures, which can be problematic for businesses looking to enter the market.

ginkgo biloba leaf extract market Regional Insights

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"North America to Dominate Market Due To The Increasing Awareness Of The Numerous Health Benefits"

North America to hold the ginkgo biloba leaf extract market share, and factors driving the market growth in this region include the increasing awareness about the numerous health benefits. The rising demand is driven by its growing popularity among consumers who seek natural solutions for improved overall health and well-being, reflecting an increased interest in all-natural ingredients.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• SK Bioland (South Korea)
• Morechem (South Korea)
• AQIA (Brazil)
• EPC Natural Products (U.S.)
• Naturalin (China)
• Tokiwa (Japan)
• Dermalab (South Korea)
• Shenyang Phytocare Ingredients (China)
• The Garden of Naturalsolution (South Korea)
• Linnea (Switzerland)
• ieS LABO (France)
• Provital (Spain)
• Carrubba (U.S.)
• Bionest (Canada)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.