Global Ginkgo Biloba Extract Market by Form (Tablets, Capsules, Liquid Extracts, and Others), By Application (Food and Beverages, Cosmetics, and Pharmaceuticals) and by Region – Global Forecast to 2028

MarketResearch.Biz announces publication of its most recently generated research report titled, “Global Ginkgo Biloba Extract Market by Form (Tablets, Capsules, Liquid Extracts, and Others), By Application (Food and Beverages, Cosmetics, and Pharmaceuticals) and by Region – Global Forecast to 2028”, which offers a holistic view of the global ginkgo biloba extract market through systematic segmentation that covers every aspect of the target market.

Global Ginkgo Biloba Extract Market is projected to reach US$ 2,379.2 Mn by 2030 from US$ 1,710.5 Mn in 2020 at a CAGR of 4.1%

Ginkgo biloba is commonly known as Ginkgo, and it from 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 includes China, Korea, and Japan. It is also cultivated in the United States and Europe. EGb 761 is recognized as the extract of Ginkgo bilobaI leaf. Ginkgo biloba extract comprises of 5-7% terpene lactones and 22-27% of flavonoid glycosides. The extract of Ginkgo biloba is promoted as a dietary supplement. Ginkgo biloba extract is often used for disorders like Alzheimer's disease, etc. and its extract is also very beneficial to tackle disorders like depression and Lyme disease. EGb 761 is capable of preventing the spread of the human cancer cell as per the research.

Ginkgo biloba extract is rich source of flavonoid as well as it exhibits some special characteristics such as anti-inflammatory property, anti-oxidant property, anti-influenza property, anti-neoplastic property, scent property, anti-bacterial property, anti-ageing property etc. and also, eases the effect of Raynaud’s syndrome. It also helps to cure disorders of the central nervous system. It cures asthma and bronchitis. These numerous properties of Ginkgo biloba extract are appealing to the pharmaceutical segment a lot and will defiantly drive the Ginkgo biloba extract market to a greater extent.

Properties of Ginkgo biloba extract like anti-aging, ability to obstruct the propagation of the human cancer cells, the capability to treat asthma, bronchitis, central nervous system disorders, etc. are factors driving the growth of the Ginkgo biloba extract market. Also, increasing adoption in the pharmaceutical industry along with increasing awareness about medical health plays an important role in the growth of the target market. Low availability of raw material due to the cutting of trees and changing atmospheric and climatic conditions hamper the growth of Ginkgo biloba extract market. Also, increase the sales of artificial or synthetic cosmetics along with the side effects fo Ginkgo biloba extract such as skin allergies, diarrhea, vomiting, stomach upset, etc., are some restraining factors to the growth of the target market. Opportunities have been created for the growth of Ginkgo biloba extract market because of emerging applications like the treatment of cancer and Alzheimer's disease.

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Global Ginkgo Biloba Extract Market Revenue (US$ Mn), 2020–2030

Ginkgo Biloba Market is segmented into food, cosmetics, and pharmaceuticals. Among these segments, food is expected to grow immensely in the coming future. Also, ongoing research on its medicinal properties is expected to boost the growth of the pharmaceutical segment. Based on type, the market is divided into tablet, capsule, and liquid extract. Capsule form of Ginkgo biloba extract is widely used. Ginkgo biloba has properties such as anti-cancer and antioxidant, and it has the ability to regulate high blood pressure. Ginkgo biloba extract market is segmented into North America, South America, Europe, Asia Pacific, and MEA.

Among these regional segments, APAC is expected to have the significant market share in global market, as it is the major producer and consumer of Ginkgo biloba extract. In APAC region, China and Korea generate the major revenue in the overall APAC market. In terms of revenue, Japan is the third noticeable contributor to the Ginkgo biloba extract market.

Global Ginkgo Biloba Extract Market Attractiveness Analysis by Form, 2014–2030

The research report on the Global Ginkgo Biloba Extract market includes profiles of some of the major companies such as The Nature's Bounty Co. (Solgar), Otsuka Holdings Co., Ltd., Ipsen S. A., Dr. Willmar Schwabe GmbH & Co. KG (Nature's Way Products, LLC), Tokiwa Phytochemical Co. Ltd, Rexall Sundown Inc., NOW Foods, Nutraceutical International Corporation (Solaray), Jarrow Formulas, Inc, Zhejiang CONBA Group Co., Ltd.

Segmentation of the Global Ginkgo Biloba Extract Market:

Segmentation By Form:

• Tablets
• Capsules
• Liquid Extracts
• Others

Segmentation By Application:

• Food and Beverages
• Cosmetics
• Pharmaceuticals

Segmentation By Region:

• North America
• Europe
• Asia-Pacific
• South America
• MEA