Ginkgo Biloba Extract Market

Ginkgo Biloba Extract Market Outlook from 2024 to 2034

The global ginkgo biloba extract market size is expected to attain a valuation of around USD 2,579.2 million by 2034. The market is anticipated to witness a steady CAGR of 4.1% in the assessment period 2024 to 2034. By the end of 2024, the market for ginkgo biloba extracts is projected to reach a total valuation of USD 1,719.1 million.

Attributes	Key Insights
Estimated Global Ginkgo Biloba Extract Market Size (2024E)	USD 1,719.1 million
Projected Ginkgo Biloba Extract Market Value (2034F)	USD 2,579.2 million
Value-based CAGR (2024 to 2034)	4.1%

Ginkgo Biloba Extract Market Overview

• Demand for ginkgo biloba extracts is being driven by the rising prevalence of Alzheimer's disease and other age-related cognitive impairments.
• As the world's population ages, there is a growing demand for goods that promote senior citizens' general well-being and cognitive health.
• A common supplement sold to assist memory and cognitive function in older populations is ginkgo biloba extract.
• The possible health advantages of ginkgo biloba extract, such as its effects on circulation, cognitive function, and eye health, are still being investigated. This study adds to the increasing amount of information that supports the use of ginkgo biloba extracts as a dietary supplement.
• Ginkgo biloba extract is utilized in medications, cosmetics, functional foods & beverages, and nutritional supplements. This range of uses promotes market expansion and increases the accessibility of ginkgo biloba extract products.
• Demand for ginkgo biloba extract products is rising in emerging economies, especially in Asia Pacific, where traditional herbal medicine has a significant historical and cultural influence, as knowledge of the health advantages of this product grows.
• As ginkgo biloba products are gaining popularity, more attention is paid to quality control and standardization to guarantee these supplements' safety, potency, and purity. This involves attempting to set up standardized procedures for extraction and quality control.
• As e-commerce platforms are gaining traction, the distribution of ginkgo biloba extract goods is made easier, making it possible for customers to buy these supplements online readily. This is giving retailers and manufacturers new ways to connect with customers worldwide.

2019 to 2023 Ginkgo Biloba Extract Market Growth Outlook Vs. 2024 to 2034 

The global ginkgo biloba extract market witnessed consistent sales growth from 2019 to 2023.

• As consumers become more health-conscious, there is a growing awareness of the health benefits of ginkgo biloba extract. This increased awareness has pushed the demand for ginkgo biloba extract products as consumers seek natural remedies and dietary supplements to support their overall well-being.
• As interest in herbal and natural therapies grew from 2019 to 2023, ginkgo biloba became more well-known. It gained popularity as a supplement for circulation and cognitive health, which made it readily accessible in pharmacies and health food stores.
• Ginkgo biloba extracts became well-recognized as a dietary supplement by 2023. These were increasingly promoted as a natural memory booster, especially to senior citizens worried about age-related cognitive deterioration.
• As customer demand grew, the market for ginkgo biloba extracts broadened to encompass a variety of products, such as tinctures, extracts, pills, and capsules. It was also used in cosmetics, medicines, and functional foods and drinks.
• As ginkgo biloba extracts were gaining traction, the market expanded to include several geographic areas and demographic groups. The market for ginkgo biloba extracts grew due to emerging industries in Latin America, Asia Pacific, and other regions.

The market is expected to surge at a CAGR of 4.1% by 2034.

• There is a growing preference for herbal and natural products over synthetic alternatives. Ginkgo biloba extract, derived from a plant source, aligns with this preference and is gaining popularity as a natural remedy for several health concerns.
• Ginkgo biloba extracts are often advertised as a natural solution for age-related cognitive decline, which is expected to attract a large consumer base within the aging population.

Key Ginkgo Biloba Extract Market Trends

• The rise of e-commerce and direct-to-consumer sales are gaining traction in the market.
• Growing emphasis on ethical and eco-friendly ingredient sourcing is set to fuel the market’s growth.
• Ginkgo biloba suppliers' collaboration with wellness retreats is expected to surge demand for ginkgo biloba extracts.
• Growing acceptance of ginkgo biloba as a potent dietary supplement is set to fuel the market growth.
• Increasing focus on personalized nutrition and functional foods is expected to drive the market growth.
• Shift toward prioritizing natural solutions for mental well-being is expected to surge demand for ginkgo biloba extract.
• Increasing demand for natural nootropics for enhanced cognitive function is gaining traction.

Restraining Factors in the Ginkgo Biloba Extract Market

• Although ginkgo biloba extract is widely used as a dietary supplement, there is conflicting scientific evidence regarding its effectiveness in promoting a range of health advantages.
• The market expansion for ginkgo biloba extract products is set to be hindered by customers' reluctance to use the product due to limited clinical trials and inconsistent results.
• Adherence to several rules introduces intricacy and is expected to impede the industry's growth, especially in areas where regulatory standards are strict.
• Other natural compounds that are said to have comparable health benefits compete with ginkgo biloba extracts. The market for ginkgo biloba extract items is set to decline if consumers choose synthetic supplements or other herbal therapies.

Country-wise Insights

The table below shows the estimated growth rates of the top five countries. India, Japan, and Germany are set to record high CAGRs of 8.3%, 6.9%, and 7.3%, respectively, through 2034.

Countries	CAGR (2024 to 2034)
United States	4.3%
China	6.2%
India	8.3%
Japan	6.9%
Germany	7.3%

The table below explains the ginkgo biloba extract market size of the leading five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 317.2 million. It is set to be followed by China, reaching a market valuation of USD 283.7 million by 2034.

Countries	Country-wise Value (2034)
United States	USD 317.2 million
China	USD 283.7 million
India	USD 237.3 million
Japan	USD 208.9 million
Germany	USD 136.7 million

Consumer Awareness Boosting Ginkgo Biloba Extract Demand in the United States

The ginkgo biloba extract market in the United States is estimated to exhibit a CAGR of 4.3% through 2034. This is due to a combination of several factors.

• The United States has seen a significant rise in wellness and self-care trends, with individuals prioritizing their health and well-being.
• With its potential health benefits, ginkgo biloba extract aligns with these trends and is gaining popularity as a dietary supplement in the country.
• Consumers in the United States are comparatively knowledgeable about ginkgo biloba extracts and their alleged health advantages.
• The need for natural alternatives to traditional medicine, interest in cognitive support, and the growing aging population are some of the factors driving demand for ginkgo biloba extract supplements.

Easy Accessibility and Availability of Ginkgo Biloba Extracts Propelling Japan

Japan's ginkgo biloba extract market is expected to grow at a CAGR of 6.9% through 2034. Top factors supporting the market expansion in the country include:

• Ginkgo biloba extract products are widely available for sale through several retail outlets, such as internet merchants, pharmacies, and health food stores. This easy accessibility and availability is surging the demand for ginkgo biloba extracts in Japan.
• To guarantee product quality, potency, and safety, producers and suppliers of ginkgo biloba extract products in Japan follow good manufacturing procedures (GMP).
• Testing for pollutants, purity, and potency is the quality control procedure used to ensure that products fulfill consumer and regulatory standards.

Rising Influence of Ayurveda and Traditional Remedy Fostering Growth in India

Ginkgo biloba extract demand in India is anticipated to rise at a steady CAGR of 8.3% during the forecast period. This is attributable to a combination of factors, including:

• With a growing aging population and increasing stress levels, cognitive health concerns such as memory loss are becoming prevalent in India.
• Demand for ginkgo biloba extracts, which are often promoted as a natural solution to support cognitive function and memory, is growing in India.
• India has a rich heritage of Ayurveda and traditional remedies. Ginkgo biloba extract aligns with the principles of Ayurveda and is seen as a natural remedy for several health conditions, including cognitive health. This influence of Ayurveda and traditional remedies is increasing the demand for ginkgo biloba extract in India.
• To educate the public about their products' advantages, applications, and safety concerns, producers and distributors of ginkgo biloba extract supplements carry out consumer education and communication campaigns.
• To assist customers in making educated decisions, information is supplied via product labels, websites, and marketing materials.

Category-wise Insights

The below section shows the powder segment dominating by form category. The segment is expected to reach USD 1,397.9 million by 2034. Based on functionality, the supplement grade segment is anticipated to generate a dominant share through 2024. It is set to reach a market valuation of USD 1,444.4 million by 2034.

Segment	Market Share (2034)
Powder (Form)	USD 1,397.9 million
Dietary Supplements (End-use Application)	USD 1,240.6 million
Supplement Grade (Functionality)	USD 1,444.4 million
Conventional (Product Claim)	USD 2,011.8 million

Powder Form to Hold a Significant Share in the Market

• The powder form of ginkgo biloba extract allows customization and combination with other ingredients.
• Consumers can easily blend it with other powdered supplements, herbs, or functional ingredients to create personalized formulations that target specific health concerns.
• The powder form generally has a longer shelf life compared to other forms.
• When properly stored, powder extracts are expected to retain their potency and efficacy for an extended period.
• To guarantee uniformity in the amounts of active components from batch to batch, high-quality ginkgo biloba extract powders are frequently standardized.
• Standardization gives customers peace of mind about the product's potency, effectiveness, and overall quality.
• Compared to other forms like capsules or tablets, the powdered ginkgo biloba extract provides improved absorption and bioavailability. This is because the body readily dissolves and absorbs the powdered form, which results in a quicker commencement of action and increased efficacy.

Dietary Supplements Segment Dominates the Market by End-use Application

The dietary supplements segment is anticipated to thrive at 4.8% CAGR during the projection period.

• Ginkgo biloba extract is widely available as a dietary supplement, making it easily accessible to consumers.
• The availability of ginkgo biloba extract in convenient capsule or tablet forms allows for easy incorporation into daily supplement routines, contributing to its popularity.
• Ginkgo biloba has a long history of traditional use in several cultures, including traditional Chinese remedies. This traditional use is further contributing to the popularity of ginkgo biloba extract as a dietary supplement, as individuals are often attracted to traditional remedies with a rich cultural heritage.

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.

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

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

Frequently Asked Questions

How big is the ginkgo biloba extract market?

The market is set to reach USD 1,719.1 million in 2024.

What is the forecast for the ginkgo biloba extract market?

Demand for ginkgo biloba extracts is slated to expand at a 4.1% CAGR by 2034.

What is the outlook for the ginkgo biloba extract market?

The market is set to reach USD 2,579.2 million in 2034.

Who are the key players in the ginkgo biloba extract market?

Provital Group, SILAB Inc., and Lucas Meyer Cosmetics are the key players.

Which region would lead the ginkgo biloba extract market?

North America is estimated to hold a significant market share in 2024.

Which end-use application would lead the market?

Cosmetics & personal care industry is estimated to hold a significant market share in 2024.