Global Ginkgo Biloba Extract Market Overview:
Ginkgo biloba is an antioxidant-rich herb that is used to improve brain health and treat a number of ailments and is commonly consumed as a tablet, extract, capsule, or tea. Ginkgo biloba seeds are widely used for medicinal purposes in traditional Chinese medicine, despite the fact that dietary supplements usually include extracts of the plant's leaves. For gingko biloba, there is no proven regular dosage. In scientific experiments on the herb's effect on different factors, various formulations and doses have been used. While it seems to be effective in moderate doses, there is no evidence that it can prevent or delay dementia or cognitive deterioration. However, Ginkgo biloba has range of properties including antidepressant, vision support, anti-Inflammation among others.
As per latest study released by AMA Research, the Global Ginkgo Biloba Extract market is expected to see growth rate of 4.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Demand for Herbal and Organic Products
Market Growth Drivers:
Multiple Health Benefits and Increasing Demand for Healthcare and Cosmetics
Challenges:
Additional Costs Due to Taxes and Tariffs and Presence of Counterfeit Products
Restraints:
Side Effects due to Allergic Reaction and Over Dose Leading to Adverse Disorders
Opportunities:
Growing Healthcare Infrastructure and Low Penetration in Western Regions
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Zhongbao Chemicals Co. Ltd. (China), Conba Pharmaceutical Co. Ltd. (China), Ipsen (France), Dr. Willmar Schwabe GmbH & Co. KG (Germany), TOKIWA Phytochemical Co. Ltd. (Japan), Delekang Food Co. Ltd (China), Wagott Bio-tech (China), Sine Promod Pharmaceutical (China), Huisong Pharmacy Co. Ltd. (China) and Inno-Bev Ltd. (Israel). Additionally, following companies can also be profiled that are part of our coverage like InlIfe Healthcare (India), Freeman Formula (United States), Green-Health Pharmaceutical (India), Lindens Health and Nutrition (United Kingdom), Life Extension Europe (Netherlands) and Medlife Essentials (India). Analyst at AMA Research see Chinese and Indian Players to retain maximum share of Global Ginkgo Biloba Extract market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Ginkgo Biloba Extract market. Considering Market by End Use, the sub-segment i.e. Stroke and Other Central Nervous System Disease will boost the Ginkgo Biloba Extract market.
Latest Market Insights:
On January 31, 2023, Naturex and Frutarom announced that they were merging to create a global leader in natural ingredients. The combined company will have a strong presence in the botanical extracts market, including Ginkgo Biloba extract.
On November 15, 2023, DSM launched Cognisight, a new cognitive health ingredient. Cognisight is a blend of nutrients and botanical extracts, including Ginkgo Biloba extract, that is designed to support cognitive function.
United States, Food and Drug Administration “Dietary Supplement Health and Education Act 1994 (DSHEA)”: FDA Classifies and Regulates all the Healthcare and Dietary Products, the Act lays Standards for Classification of Supplements According to it Standards, Any New Product is Required to Have Regulatory Approval Form FDA to Sale in US.
What Can be Explored with the Ginkgo Biloba Extract Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ginkgo Biloba Extract Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ginkgo Biloba Extract
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ginkgo Biloba Extract market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ginkgo Biloba Extract market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Ginkgo Biloba Extract Manufactures, New Entrants and Investors, Ginkgo Biloba Extract Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.